Recent content by jack7777766

I Dont know a Nick or a Bryan. How could I figure out whos team Im on?? Do you really think theyll throw me out after going under 2500?? They said they wouldnt, when I asked them just that, but I dont think theyll put that in writting although Ill try to get it. Any suggestion on how to go...

Thanks Guys, I definitely think they want me to be profitable. I found out that even if I lose the 2500 I put in I can still go all the way down to -100k without investing any extra capital, and Im not liable for it. Also if Im in the red and I decide to quit I dont have to pay the...

OK, I checked and the only other fees I have to pay are the 200 for the series 7 which they reimburse if Im with them after 6 months, and 100 to register with their firm and the Phoenix Stock Exchange. I knew about the 200 but not the 100 for the Phoenix exchange, I dont think its a big deaal...

Thanks for the input everyone, I dont know how I forgot to mention that I only get to keep 75% of what I make. This is at first and it is supposed to go up as I become profitable and do more volume I think, Im also gonna call today and check on some other stuff and post it. Is this...

Thanks for the responses guys! Is mentoring the best form of learning?? Like I said before I met the person whos gonna be my mentor and he seemed like a cool guy and said he would teach me but I dont know exactly how much time hes gonna give me. What do other firms in NYC offer as...

I dont see anything wrong with signing a contract, I intend to look over it very well and like GAtrader said I dont know how a prop firm would not require a contract, with all the regulations there are, is there anything specific in the contract your talking about?? EchotradeLA are there any...

Hi, thanks for the input. Why shouldnt I sign a contract?? I have a feeling I will need to sign a contract, they are sponsoring me for the series 7 and because of the fact that its kind of a training program I think I will have to sign something. Is there anything in particular I should...

Thanks for the replies guys! Im definitelly gonna ask about the fees. I know that 2500 goes pretty quickly but I didnt know I had to contribute more capital once I lost that, I thought could go down allot more under their money and the buying power the give me. I know they said they...

Yes, they did say the commision gets lower as I trade more. Any input on the other stuff?? the training, Echotrade itself or if this type of deal is always available?? Thanks Jack

Hi All, Im new to this forum and pretty much to daytrading. I traded for about 6 months during 2000 right before the market crashed and I crashed with it. I usually held my position for at least a week or so; so it wasnt daytrading. I was very succeful before the crash but at that time who...