Worldco LLC

StoneRoses · Jan 17, 2002

Originally posted by TonyOz

"And if you are a profitable trader," you will make more money paying $9.95 for 10,000 shares from the comfort of your home and keep 100% of your money
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are you a datek trader?

stone roses

StoneRoses · Jan 17, 2002

Originally posted by Pejman Hamidi
The most important point for experienced traders is the firms willingness to build a trading desk for the trader, which includes equipment, assistants, research and data fees, allowances, etc...

Additionally, for the experienced trader, it's not an issue of 10 to 1 or 20 to 1, it's an issue of "is there going to be enough capital available to fully employ my model and scale it up according to market liquidity?" Then, it's a matter of building the desk to accommodate the model.
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what's more important is making money, trading.

stone roses

StoneRoses · Jan 17, 2002

Originally posted by TonyOz

Just to make sure that no one makes a mistake about it. Prop firm does not take the hit. You do. It comes out of your future earnings. And with outrageous commissions and not being able to freely trade any market you want, you definitely pay for it. In fact, you pay a lot more than it looks like initially.

Now, if you are looking for insurance against being a losing trader it's something else. But for profitable traders, trading from home with low commissions and 100% payout is the way to go. And this is what I was referring to

So I guess if you do not have 25K to your name, then you have to pay for it in other ways. But make sure you do not settle with a broker who tells you that you may not trade a certain market (such as Nasdaq) because "you" are not good enough. If you are good enough to press the buy or sell button for one market, then in my book, you are good enough to do it in the other market as well.

Trade Smart!
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what's the ratio of nyse/nasdaq you trade?

thanks in advance.

stone roses

bigbear · Jan 17, 2002

Trading from home is like being a second class citizen unless you have a remote setup from a prop firm. Prop firms give you fast execution - professional execution - not through a cheesy online broker. And they give you buying power that you could never acheive with your own stake. You should check out what firms have to offer Oz. It would open your eyes to what we have. Sorry to sound like a dick but it is the truth.

Shorteee · Jan 17, 2002

I believe Tony Oz thinks that all you have to do is read my books ( You know the outdated ones that I wrote when stocks were trading in fractions and market had momentum) and open an online account and trade from home and make money. If your to lazy to read just pay me 20 bucks a month and you can get my great stock scans. Give me a break.

TonyOz · Jan 17, 2002

Originally posted by bigbear
Trading from home is like being a second class citizen unless you have a remote setup from a prop firm. Prop firms give you fast execution - professional execution - not through a cheesy online broker. And they give you buying power that you could never acheive with your own stake. You should check out what firms have to offer Oz. It would open your eyes to what we have. Sorry to sound like a dick but it is the truth.
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Can they offer me this ...

http://www.stockjunkie.com/tradesta.htm

I don't have problems with buying power either, but that's just me

Oh and what you don't see in the above picture is 5 more computers powering eight monitors all networked together, so I can trade more than one acoount at the same time ....

Sorry ... I don't want to sound like a d*ck either

TonyOz · Jan 17, 2002

Originally posted by Shorteee
I believe Tony Oz thinks that all you have to do is read my books ( You know the outdated ones that I wrote when stocks were trading in fractions and market had momentum) and open an online account and trade from home and make money. If your to lazy to read just pay me 20 bucks a month and you can get my great stock scans. Give me a break.
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And how much money did you make last year ?

Shorteee · Jan 17, 2002

The question is how much money did you make off your books, seminars,videotapes, and scanners last year????????????

TonyOz · Jan 17, 2002

Originally posted by Shorteee
The question is how much money did you make off your books, seminars,videotapes, and scanners last year????????????
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Less than I made trading.

This forum (the entire ET forum) is infested with prop firm recruiters. I made the mistake of stating my opinion publically. Those who found it beneficial - great. Those who didn't - sorry.

Anyhow, it comes down to being a waste of my time replying to people who call me second class citizen or to other undercover prop firms recruiters.

See you in the market place my friends. I will do my best to seperate you from your money the old fashioned way

Sincerely,

Tony Oz

trader99 · Jan 17, 2002

TonyOz wrote:

"Can they offer me this ...

http://www.stockjunkie.com/tradesta.htm "

wow! That's an awesome setup! How much did that cost???

BTW, I don't really know why there's always mini-battles going on this board.

Trading is about making $. Plain and simple. No matter how you do it. Some like to do it with prop firms some like it on their own.

whatever,

trader99