How do prop firms work?

Discussion in 'Prop Firms' started by frozzor, Mar 7, 2007.

  1. frozzor


    Hi, I'm a newbie to this and was wondering how exactly they work? I'm reading that u get to keep 80% of profits and have to pay somewhere from .001-.01 per share?

    Could someone plz explain to me what 'draw' is and how it works if you aren't profitable?

    Lastly, is it hard to get a job in the SF bay area because there aren't very many firms out west?

    Thanks for any help you can provide