After considering trading prop for some time now, I don't understand what the real appeal is given that you can retail daytrade futures with basically the same 20:1 margin that the average prop firm will only give you under very limited conditions AND if your trade fits within their strict risk parameters? Also, trading futures retail you would seem to get a much better deal on commissions than the starting commissions rate that I hear is standard for the more respected prop firms. Also, no silly series 7 licensing requirement needed to retail trade futures. Also, much more favorable 60/40 tax treatment for futures than for most stocks (although some ETFs may qualify for the same treatment). Finally, I am very mindful of the fact that at least 75% of the average individual stock price movement is determined by the overall market, and that you can trade the overall market movement with futures. So what am I missing? (I know there are some pseudo-market-making, "opening order" and other strategies that are unique to stock trading, but I don't see myself really getting into those anyway. Also, I'm not really looking for someone to train me or let me in on their "winning strategies," and I certainly don't want a big brother monitoring mine.) Thanks for your thoughts. Jimmy P.