Hello. Today, I will most likely lose my job as a Jr. Sales trader. I work(ed) at UBS for an institutional broker - my main job was to execute trades for hedge funds. I'm a recent grad (23) and I've been doing this for less than a year. The broker will be leaving today and I have to decide what to do. Should I stick around and become another secretary or leave the firm. I've seen ads on craigslist for Assent and I see an opportunity to work for myself and use my intelligence. However, I'm coming off a $1k loss in my personal portfolio (in which I've only had one trade, my first). The thought of starting with $5 and using leverage is a scary as hell. I'm not sure what to expect. How long can I stay in a position? Do I have to enter and exit the position in the same session? How much do they charge? Is it per share? Hidden costs? What happens if I lose money beyond my equity right from the get go? I'm sure some of you have been in this position if not all of you. I would appreciate any feedback or advice as this a big step and I'm not sure who I should talk to.