We do our best, seriously, to tailor the rates to the trader. We have a very wide range of traders and groups under our wing, and sometimes it takes some lengthy discussion to determine where a trader/group might best be served. We don't like to be used as a bargaining tool, and therefore don't post our rates...."been there, done that"....and you'll notice, most other firms have followed suit. If, at times, I don't seem quite as "open" on this board, please understand that I am trying to run a business as well as help with education and communication among traders. So what may appear to be "sly" or "coy" is simply doing business. And, until any other firm owner would like to get online and have an open debate/discussion with Bob and I, I must (at times) "keep my mouth shut"...and those who know me, know how tough that can be.... So, back to trading for now.... Don
nicely written unlike don bright who is trying to nap traders who don't know what current commissios rates are or what is state of art equipmrentt us availiable. i think for an active trader maybe 5 cents per share is a reasonable return,
Yep, you got me alright...LOL.... Those who want to be employees, retail traders, and all the rest of the World are certainly welcome to do so. We, and the handful of firms like ours, cater to the few who I call the "successful minority"...much like the Specialists on the Floor, and Naz MM's...and those who don't happen to have the $million or more to trade with. This is not any type of condemnation or debate...just simply "what is, and what isn't"... Not a big deal...don't know why the fuss...anyone is welcome to join an exchange, a firm, get a job, trade retail...etc. This is still America.... Don
Have you been badly burned by some prop outfit in the past, or can you really not accept that some people make a good living trading remote prop, and like it? You bash prop trading relentlessly on these boards and it sounds like sour grapes to me.
no, I'm a successful remote trader. Surprising, huh? no, I'm not a basher, I'm a New Yorker and former option's floor trader. Surprising, huh? no, reality and carnage of those who have bitten the fruit, as it were and came away with empty pockets; hearing other's stories (as I mentioned and made reference to in my comments); dealing with the "not too bright, uh, smart" (so called) branch managers at some of these prop shops; and the combination of other stories on ET shapes those comments.... there isn't sufficient caution to stop the bull from charging once these shops wave that flag in front of their color blind eyes.... all I said, was caution was appropriate...Surprising, huh?
I've traded different systems and lightspeed via VPN is still the best. I can't be lured by lower commission because ultimately the software sucks at most of these other firms
As the originator of "Mr Subliminal's Remote Trading Journal", I wish to publicly disassociate myself from everything said about remote trading in this thread. When I referred to myself as a remote trader, in case it wasn't obvious, I had the following Merriam-Webster definition in mind : indifferent, detached, distant, unconcerned, uninterested, withdrawn, unsociable.
pro·pri·e·tar·y ( P ) Pronunciation Key (pr-pr-tr) adj. Of, relating to, or suggestive of a proprietor or to proprietors as a group: had proprietary rights; behaved with a proprietary air in his friend's house. Exclusively owned; private: a proprietary hospital. Owned by a private individual or corporation under a trademark or patent: a proprietary drug. Not the greatest of definitions but...when did putting up your own money become 'PROPRIETARY'? I am always asked how much someone needs to put up in order to participate in our proprietary trading positions. I would say that prop is using someone elses money, exlusively. All the rest is 'participant' or however else you would define putting in YOUR own money and giving any results away!!
You have to include firms that let you put down $5-15k and they give you access to millions. Otherwise what would they be called?