Recent content by Rocco11

Hey Fellas, Just to clear up everything, Takion is the new platform I am using over at T3. Switched because of lower cost vs Lightspeed. Not sure what everyone is using nowadays. The Chronos/Iris pairs system runs through Takion and that is where all of my pairs business is right now. Love...

Don, Sorry for the late reply, but I was out of the country for a week. The Iris pairs program doesn't trade prop. I use Takion for my prop account and I also use Takion for pairs, but Iris is a different setup than on the prop side. Thanks

Hard to call anyone out on prop trading. As of right now, the only prop traders I know that are making profits are heavy hitters. Usually 100k-200k in account and they 15x BP. Really hard if not impossible to make money prop trading as a newbie or small fish. Sucks as I love Prop. Now I just...

Can someone clarify this. I hear that Bright guys are still trading pairs on non-automated systems. Is this accurate? If it is, why is anyone trading there? I know people are blaming firms for not changing their stripes, but it is very easy for traders to move to better situations if their year...

Had the same situation from one of our traders who did mortgages. He made a 100 share trade every morning. Just got in and out and let his licenses be held. He didn't lose money and the firm didn't make any, but allowed him to get through busy season and he was able to regain trading. So many...

Best prop firms that provide training are any that do not charge for it. I just joined a firm that is T3 affiliated, they didn't charge for education or training, gave me great rates and the whole trading group as whole works with each other. From what I see, they recommend the pairs program to...

I agree completely. Never pay for education. Screen time and experience are the main things and that capital you spend on BS education would be better spent in your trading account. These firms that say no deposit required but you have to pay 10k for their education and you can trade with their...

I hear you Buzzy. That is what I was paying at my old firm. But that is not what I got at T3. I guess it depends on the branch as NYC office is def more expensive, but I am out west. I have friends that go to shady firms for that price you get and the difference of .0025 to .0015 isn't enough...

I can give you some personal experience as I just switched over to that firm. I have only been there a few months so I do not have that much exposure. I have been at 4 different prop firms in my 14 year trading career and most people on here are going to go off on all of them mostly because they...

This was all over the 56?? Seriously? First three traders I knew failed because the study guide was crap, but I haven't seen anyone fail it in the past 30 traders. Everyone is now getting in the 80's. If the traders aren't passing the test, they are definitely not the smartest bunch. Pain in the...

Only account I can trade odd lots on is my pairs program. Only time I get odd lots on my prop account is when I am not completely filled. I cannot do it on purpose on my prop account as it is not allowed. But I have 52 pairs live in my pairs account and they are all odd lots. Hope this helps.

You can definitely do better on that commission. Just shop around, but have trading sheets available. Must be able to prove volume. 25k a day should help you get some price changes, but anything under that and you are just average so no reason for a firm to give you a killer deal imo. I just...

Agree completely. Just take the 56 and go to a reputable firm. Most prop shops are giving 10-15 bp now anyway. There are great study materials now for the 56 and everybody is passing. First wave had it tough though lol. Those study guides in the beginning were not very efficient.

Thanks very much for the feedback. Last year we received them on time so the delay definitely had me concerned. I appreciate the info as you have helped alleviate a lot of concern. Thanks again

I guess I should just ask for advice from anyone that has ever dealt with this problem. This is new for me so if anyone had past experiences dealing with/handling issues with K-1's, it would be appreciated