E Trade - another prop bites the dust

Discussion in 'Prop Firms' started by jsh, May 9, 2005.

  1. jsh


    So looks like its pretty much a done deal, Etrade is done with day trading.

    Just goes to show no matter how stable a company sounds in our line of work you can never be certain about your firm. ( no matter how big it is or how safe it sounds) as if sunguard would really back Assent or as if the E trade management really wants to be in day trading, or this Echo- Meryll deal.

    I was at Worldco when it went down, it's a shitty feeling.

    The only advice i can give is go for the best deal with the lowest commissions, evrything else is secondary. And also its better to go somewhere with a group of people not by yourself, u can get a better deal that way.

    I know a group of guys who went to Hold Brothers after Worldco shut down, they got agreat deal and have been happy there ever since.
    I'm at my second firm since Wordco, alone, paying higher rates then them;hoping that the secure name of my firm will actually mean something this time. But this whole E trade situation scares me.
  2. There's NO MO MONEY in day trading. That's why these people are closing their doors. Might as well move on.
  3. I don't think it's the type of trading, since day trading is a part of any good trading plan, I think it might be the expectation that traders can get away with "just" day trading. I haven't heard about e-Trade Pro as of yet, but wish their traders all the best.

  4. There is still plenty of money to be made "daytrading" I am profitable, have been for the past 5 years, and looks like this year is right on track as well. While trading a low vol market is much different, once you adapt your strategies, it is just as easy to make money. The key, is to be a multimarket, multi strategy player. Everything else is secondary, IMO

    Good trading to all!

  5. That is very very true. There is money to be made very day. Trading is very much like golf, it is a game of keeping the errors to a minimum, not trying to nail the ball to the green everytime.
  6. Been trading since 1977....

    Heard lots of stories....

    This is just another one......

    Daytrading is here to stay....

  7. I heard that E trade is done with day trading too.
    Buy the way jsh, i'm looking for a firm, can you give me some contact info for those ex-worldco guys at Hold Brothers?
  8. jsh


    Trading will always be here.

    As far as the contact info. I'm not here to advertise for anyone if u need something send me a Private Message.
  9. I, of course, agree with you and, of course, can vouch for Mike's historical profitability.

    Remember, the NYSE Specialists are the consumate "day" trader, and have been making money for 200 years.

  10. PM me and we can talk about Hold Brothers individual or group.
    #10     May 9, 2005