I started out with $2300 in '99 and got my account up to 68k in 6 months before I blew it up (I got out when I was down to 8k). I had a similar experience in 2003. Started out with 15k and got the account to slightly over 100k in 4 months before I blew it up (got out with slightly less than my original 15k). Primarily I had been trading options (equities). I had more losses than wins on a trade by trade basis, made bigger trades on smaller risk, smaller trades on bigger risk, but the wins tended to be 10-20 x investment, 1:4 win ratio, so the averages got me higher. I think part of my problem is discipline, my other problem is that I tend to generate great ideas for trades, but can't really 'read the tape': Both times sector and market downturns accompanied the explosions coming out of my account and I didn't see them. SO: I am ready to give this a last shot, but I want to do it right. I think I need some experience. I am looking at getting on as a proprietary trader in NYC somewhere, either in equities or in Forex. Background: B2B technology sales (I really hate it, but it makes 150k a year), BA Economics, BA Romance languages from a top 25 school, fluent in French and Italian, not such a good academic record (was busy blowing up my account in '99 and working 40 hour weeks in a regular job). I am 32 and can afford to live on zero cash for a while (but I wouldn't have enough to not get paid for a year AND have enough to start trading for myself after not having been paid for a year). I have heard the term 'prop shop' and that seems to have negative connotations to a lot of people. Where should I be looking: what kind of jobs/firms should I be looking for to get discipline and learn to read the tape? I have seen ads from FXCM and Assent LLC her in NYC for proprietary trading jobs. I know how a proprietary trader works (conceptually) in a buldge bracket firm but not at these smaller ones. I would appreciate any advice from you guys who have worked in firms about a path. Obviously working for myself at some point down the road is ideal, but If I can get a career path into proprietary trading at one of the larger firms that pays more than anyone could possibly be worth, I couldn't complain about the baldness and grey hair. Thanks in advance and I look forward to reading your posts.