Hi, I was just wondering if anyone could give me some basic advice on the specifics of prop trading and how it works (or point me somewhere that explains it). I know that you are trading with your own and (mostly) someone else's money. But more specifically than that I would like a few questions answered. Like how much does the firm you work for take as their cut and how leveraged will they allow you to be? Also are there any restrictions on what you can and can't do or do they not care as long as you are making money? And please be as detailed as possible with answers. Thanks.