Jack: The earnings are not yet consistently at $200k plus, I'm doing closer to $140,000 or so. But, if I hadn't "wasted" so much of my original 'stake', I think $250k would be quite possible. I trade off of a $50k 'stake' using short-term (1 to 15 days carry) pairs, and the Bright's capital, I seem to be doing fine. I'd love to be able to afford to have over $100k as my 'base nut' though!! Yes, Don's Mr. Outside to new recruits, Eddie is the same to vendors and non-traders, Bob is the original brains and the true 'Master Trader'. Good-Luck. It's a great way to live and a great way to make a living.
IMHO, it is useful to use "Professional" firms for firms that require a "deposit" in order to trade (usually 25K, but it can be as low as 10k) and "Proprietary" firms that require no capital (or very little, like $3K) to trade. Whereas the Prof. firm gives 100% payout, the Prop. firm gives some percentage of profit back. Examples of Prof. irms are Bright, Echo, etc. Example of Prop. firms are Worldco, Shoenfeld, ETG, etc... nitro
The average person that has been recruited by Don, Trained somewhere by someone and under what must be some kind of contract with the small company and going to the trading room on a daily basis to do the prop thing. Making a 1,000 bucks a day seems like something anyone day trading would be doing if they were wanting to take home an income stream to support themselves as middleclass people like mechanics or bean counters or prescription fillers and the like. I imagine they would keep some capital growing as well. It could be an equal split of 250,000 a year into two parts. Maybe it is possible that Don doesn't use income as a recruiting tool or something. Lots of people have jobs and they don't make income a top priority. This could be one of those things.
Having a parochial preference seems to fit. What do you think about getting the band rolling on the suggestions I made a while back??
Excuse me for perhaps missing some of what you suggested (you know, the private war with O7....lol). Please let me know again.....I did a quick review, but must have missed your post. (Trading is a bit "hot and heavy right now'). Don