explaining what PROP desk is the general public?

Discussion in 'Prop Firms' started by ericryan1000, Oct 3, 2008.

  1. person: "so what is that you do for a living"

    me:"I trade stocks and try to make a profit"

    person:"so you are a stock broker"

    me:"No, I do not contact customers and give stock advice or actually buy or sell stocks for others"

    person:"so you trade your own money then?"

    me:"Yes and I no. I trade my money the firm's capital but I always have a stake of my own my money invested too"

    person:"where does the capital come from?"

    question after question....


    lol sorry for the poor mock convo but how do you prop guys even explain what you actually do for a living?
  2. well i'm not a prop trader but from what you have above i'll take a guess:

    i trade stocks for profit with proprietary leverage from my firm. they loan me money to trade.

    what more is there?
  3. lol... that's a good post. I get that all the time.

    person: what do you mean you make your own hours?

    trader: let me buy you another drink