What are good office trading opportunities for retail (independent) traders. In the Dallas area first. Otherwise, where else? I might even move. (I see a lot of closing of offices, like protrader.com which went from 19 offices down to 2. I was trading at ProTrader in Dallas, which has an excellent execution platform - gr8trade).
well where I trade is just excellant. I sit next to a trader who last Thursday closed out his p&l up $75K....yes it is true....I couldn't believe it and was told not to speak to him (lol yes)...but he introduced himself to me and we talked a little bit.....but I am in a truly professional environment finaly and to trade in the office on a retail level though requires $30K initial deposit. That is non-negotiable and really gleans out the chumps as far as I am concerned....but I wasn't charged any seat fees as well and the atmosphere is electric especially the high level of trading experience their. J-
When I traded in an office back in the late 90's, prior to going remote and trading from home, I knew a guy who on occasion made $30K to $40K in a day. And occasionally he'd have a losing day where he might lose $20K.
Contact John at Augusta Securities in Houston...they use Protrader, Iq and clear a couple different firms...they shoudl be known as " last man standing" in Houston...i was told they have all the old Protraer and Momentum guys....good luck
what is the leverage provided by these firms ? is there a desk fee, or any negative attitude towards light trading volume ?
Don't really know...I just post the info...I've met so mnay firms over the last 10 years.... i just pass on what Im " told" in conversations, not what i "know" from working there..sorry