I used to prop trade equities for several years about a decade ago, and am now seriously considering going back to it. I know a lot has changed, but wanted some feedback from you guys as to what to expect and how to adjust my style. I understand that prop today is much harder than it was a decade ago, I'm trying to fully understand the environment before jumping in again. 1) Are there less prop traders trading directional/breakout strategies because computers and rebate trading dampen moves? 2) What's the dominant and profitable style of prop trading - directional, rebate, arb, etc ? 3) Are there still guys banging away hundreds of trades per day or are people picking spots and trading less but going big in terms of size? 4) Do most guys still focus more on the high volume opening and closing? 5) Anyone else from the early 00's have any feedback on how the market has changed? Thanks guys, I appreciate any info!