Prop Trading (Any 1st hand experience?)

Hi,

Has anyone ever traded for a prop firm (which you pay the $5k or whatever deposit then begin trading)? I am curious what it is like in one of those firms, such as, is there training that is provided or are there monthly quotas to meet? I suppose I am curious what it is like working firsthand at a prop trading firm place like that. Obviously you trade throughout the day, but how is it different than if you stay at home and trade? Thanks!

 

Go to Prop Firm,

There are alot of post's,

Don Bright is good at explaining the pro's and con's.

 

Alot of videos, from other firms gives insight.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=232262&perpage=6&pagenumber=1

 

Thanks for your help everyone!

 

If there is training, ask about the incentive structure for the trainer. Is it comm. based or payout based. Almost always is comm., there is a high turnover in this business so dont be surprised if there is little to no training(unless your paying directly for it).