This is going to make some people laugh but it crossed my mind. My current job is going to be outsource and instead of being down about it, i'm trying to turn it into a positive. I've been looking to make the jump to full time trading and this might be the opportunity for it. I've been told that when you start at a prop firm, you will paper trade for a while and wont trade live until you take and pass your series 7. So, since you have no income when you are first starting out, can you continue to collect unemployment? When are you considered employed by the firm, the day you step foot in there, or when they sponsor you for your series 7?