I met with an office that gives you capital to buy IPO's, and then you sell the ipo on the day of the opening. So you get allocations from brokers, and then split profits with the firm once you sell. Has anyone heard of this? Or had any experience? Doesn't pay a salary, benefits, etc. 1099 pay. Would you go with this, or a prop trading firm? Both don't require capital. Prop has tape reading, chart patterns, scalping, strategies. Which is the best route to take? I've been a broker for 7 years. I need a change.