If you want to make "easier" money, then sell a trading "system" on late night infomercial, or start a news letter.
The landscape is changing and I think porfolio margining accounts for prop will start to become more popular than JBOs. At the end of the day you can get screwed just as easily by a registered firm as you can by a non-registered. Getting registered doesn't automatically make you a trustworthy firm.
i actually have a small group..its tough to get new traders from other firms though..lots of risk management.
Thanks. I expected people to be cynical, thats how most traders are. If it were my first day as a runner at the merc I would expect to be kicked, punched and cussed at, comes with the job.
Makin money isn't the problem. I was just looking for alternatives to the usually "lets form a group and get a volume discount" type of thing. Thought there might be some better options. Trading systems and newsletters do go for ridiculous prices but I will keep my pride instead of making a few extra grand.
i have a few traders and i formed a group. i get a set rate from my firm and charge my traders a higher fee(obviously);a fee that we all agree on.they obviously sign a contract. also,if i bring guys in who don't want my group,my firm will compensate me. there are many ways to go about this aside from creating your own firm which cost plenty.
There are some really famous multistrategy funds who are neither regulated nor are they affiliated b/d with an exchange. Being regulated does not necessarily alter the scum level.
Hi all, How to resolve the Buying power while suppose already join NASD member as BD.I heared prop firms loan from GS ML ? Is that true?Sorry I am newbie .don't laugh if I am wrong. send me a PM H
Have you watched the film Boiler Room!! A MUST,, so absorbing about rogue firms with all star cast.. this I mean is what you refer to as Scum..... but wait... one thing they are better at than any thing else is SALES!!.. the Sales skills are absolutely A1 although of course they do break a moral boundry in one or two areas.. but sales in the best firms in and outside of Investment Banking is no too dissimilar at all from what you see in this movie... PLEASE WATCH IT YALL PS. Most movies and underground files are best obtained through subscription to companies like USENEXT (forget mIRC), ok most send files of current films and porn vids but its the last bastion of freedom on the web between "friends" exchanging movies and music and free downloads... Those who are morally challenged will find this a difficult choice to engage with