Prop firms charge way too damn much

Discussion in 'Prop Firms' started by Orange11221, Jun 28, 2010.

  1. zdreg

    zdreg

    if you think it is such great business buy publicly traded brokerage firms.

    I use to hear the same about the oil business when oil started to trade over $50.

    take a look at LT charts of oil co's and bds. it is remarkable that executing firms make a profit charging .003 to .005. these bds are not particular money machines.

    you didn't include taxes in your calculation.
     
    #11     Jul 8, 2010
  2. Because I can't take the swings by adding another zero. I run of this of blowing up. I'm getting out of the game. At this point, it is too risky for me. I just CANNOT go bust.
     
    #12     Jul 8, 2010
  3. ScottSam

    ScottSam

    Jesus.

    Shop around ASAP.

    I'm with NY0B on this one. Negotiate with your firm or get a 0.20/1000 shares quote and get your dues.
     
    #13     Jul 14, 2010
  4. wcicom

    wcicom

    Ever considered finding trades for more than a penny a share ? They are out there. I never met a rich scalper.
     
    #14     Jul 15, 2010