I am making a career change to full-time trading. Iâve traded on and off part-time in the last few years but have been unable to really focus on trading due to the demands of my current job/position. Iâm working on changing that situation now and Iâm looking for the optimal entry point into this business given my personal situation. Iâve read all the âprop vs. retailâ posts but still have some questions. Here are the main points regarding my situation. Â· Since I am just starting out as a trader, I would prefer not to work at home. I would rather go to an office and interface with other traders - preferably those who are experienced and dedicated. I would like to be around successful people who are doing well. I am in my 40âs and have succeeded in building other businesses. While Iâm sure some of you have become successful on your own, I believe being around other traders could be a significant factor in my own learning curve (not to mention that I could not handle being around my wifeâs honey-doâs, four kids, and a barking dog all day). Â· I live in the New York City metro area (Long Island) so working anywhere in the city would be fine. Â· Right now, I am less concerned about âexcellent ratesâ and more concerned about learning from âexcellent peopleâ (but donât get me wrong â I want competitive rates). Â· I do not need a salary and am comfortable with a starting contribution of 50 K (if prop, assuming of course that I review and am comfortable with the financial health of the firm). Â· I understand the benefits of prop vs retail (leverage, balance sheet risk vs SIPC insurance, data fees, series 7, interest on balances, etc., etc.) However, to me right now, as important as those things are, what is more important is learning how to trade well, finding the best type of trading that suits my personality, and developing a style. Â· While my previous (but limited) part-time trading experience has been in equities and equity options, I am really just starting out so I am open to other areas including FX and futures. So the questions that I have are the following: Â· While it appears that most retail trading is done remotely, I know there are a few retail firms where one can go and trade in an office setting on a desk with other successful people. How are these environments different than those of a prop firm? I understand the deal structure is different but is the working environment really that much different? Â· Regarding the retail firms that offer a trading floor environment, are there excellent traders there who are willing to take on a role as a mentor (understanding full well that I would enter into a financial arrangement with him/her making it worth his/her time and effort)? Â· If a company is offering prop and retail at a particular office address, are their traders physically in different space or are they commingled? Do they have access to the same resources and technology? Â· I understand what an LLC is (I have an LLC in another business) but I do not really understand their place in the game as it relates to prop vs retail. In regards to issues I have outlined, are there advantages/disadvantages to becoming a member of an LLC (vs. prop or retail)? Thank you for your advice. I look forward to contributing.