False.....It's not called a lockup, it's called a bonus. Lockups are for firms like Assent or Echo where they lock up your OWN capital you bring in for 12 months. I'm not referring to that. I have looked at these agreements and I assume Don has as well since he stated it. Most of these firms agree to payout a portion of your P&L as a year end bonus. This is NOT a lockup. In fact, it's really no different then what Goldman or Bear does.
I disagree, I have been a prop trader for many years, 9 to be exact, GS has been knocking at more door for many years. Here is the answer but up some capital and go trade. If you want a list of firms that will provide you BP without cap upfront, PM me. I know a few. BUT you must have a proven track record. Good luck with your search.
I interviewed there the other day. They were very impressed with my ninjatrader system and 888 account setup. If anyone is interested in hearing more, please PM me.
Hey man, I met you a couple times at the Omni Hotel in Chicago!! You're a great guy and run an awesome shop, lotsa respect dude. Couldn't trade for ya because I love futures and equity options too much. Not to busta balls, but the 888 account is not what everyone seems to think it is!!!
Hmmm? I was flashing back to Long Term Capital Management and the "hidden" account, I may be wrong, it has happened once before. Omni hotel in Chicago, that was quite a while back...can't remember when. (and thanks for the nice words, always nice to hear). Don
Was about 2000 or so if I remember right. I haven't been back to Chicago since then, I moved to Denver then. I took your words to heart about trading equity outright versus options. Through all of these years I've traded kick ass and it's been a helluva dragon ride. You were one of the first people to set my systyem on the right track! I was fuckin happy to get out of the CBOE and do my own thing after hearing you speak. I learned a lotta lessons!!
2000 sounds about right. Just FYI, we have two brothers who traded here for quite a while...good traders, and they set up an office in Denver (just if you have any interest in a place to trade...don't necessarily have to be a Bright Trader). Don