ok. you may be right....my point was that, if i'm paying 7-8 tenths when doing a 1.0-1.5 million, that may not be better than a firm that risks absolutely nothing on you (bright, echo, and andover for example), but for a no capital requirement deal for newbies, it's pretty good...no? maybe not the best, but i'm not going to be a whore switching firms every month to get the best rate, just like people don't do at 'normal' jobs. different firms suit different people. that was my point.
Very nice, a good objective statement. The board needs more poster like you. I have to agree with what you said.
Good summary. Another noteworthy point is that with a firm where you don't put up any money you will likely get a % of profits (50%-90%). And conversely firms where you put down money will give you 100%.
Dafuggin, Good point. Different strokes for diiferent folks. It all depends where you are in your career as a trader amongst other things. Research is paramount. & and as Caliber put it there are different niches for different players. Now does anyone know how one can get Mr. Drummond's job ???
Dafugginman, Nice breakdown. It all depends on what you're lookin for. Gooch as a new trader probably needs guidance (then again maybe not). & in choosing a firm he should select according to his needs.