Recent content by ronb107

Rob: Besides Bright, most prop firms provide informal training (if any training at all). My experience at Lynx/Andover (one-on-one training) has been excellent. If you reside in the NY or San Diego, pay Lynx a visit. --Ron

jisoosun: The key to success in any field (IMO) is TRAINING. I was at WorldCo for 3 months and found the training inadequate. As a result, I was becoming discouraged at the growing size of my net loss. A friend told me of another firm that provided one-on-one training and I decided...

Breakout: First, let me say that I am not attacking your strategy; it actually looks interesting from a TA perspective. And if it works for you, that's what counts. But I disagree with your interpretation of Schwager. When he discusses a 'stream of data', I believe he is referring to the...

AirSpeed: Unfortunately, this is proprietary information. What I would suggest is that you consider trading at a prop firm to learn these techniques and the proper way to trade. Afterwards, you always have the option to trade from home. This would, of course, require taking the Series 7...

still_learning: The difference is between receiving formal training (one-on-one, where a strategy is provided and your trades are reviewed daily) and not receiving formal training (you can watch and ask questions, but there is no assigned trainer). What happens with the latter (no...

Yes, the physical office. Echo and Van Buren have merged, although I am not privy to the impact on the traders within the old Echo office (that is, whether they moved to a new location, went remote, or defected). --Ron

Lynx took over the Echo office in San Diego. I don't know exactly where it's located. Perhaps rtharp can respond to this. I'm located in the NY office, and the training is excellent. --Ron

If you want good one-on-one training from successful traders, pay a visit to Lynx Capital (an Andover LLC) in NY (or San Diego). Doesn't cost anything (the firm pays its trainers), and the office has the best trading software (Hammer) I've seen so far. Look up Andover in the Brokers forum...

Like rtharp said above, Lynx Capital is an LLC of Andover. If you go to the Andover site, you will see the NY Lexington Avenue office listing (Lynx). --Ron

It exceeds all my expectations... - the two owners are terrific; very supportive and accessible - the software (Hammer) is very fast and easy to use; plus we have NX capability on a trader level (not firmwide level like WorldCo for Belzberg users only) - the training is one-on-one and...

I was at WorldCo for 3 months, then switched to Lynx Capital - Andover (both in NY). At Lynx there is a min capital requirement of $5k. Capital is only one consideration for me; the primary consideration is training. At WorldCo the training was minimal (even tho they place you in...

Yes, located at 57th and Lex - 10th floor.

Slumpey: I have nothing but positive comments. Definitely worth your time to come in. The office is nice, as well as the two office managers, Ed and Leon. The only thing lacking is a coffee machine (they're going to get one after my griping), and danish (these are the only things I miss...

Everything is negotiable, including the capital. I think they are a top notch company. Andover has a website; not Lynx. --Ron

Lencor: You're correct; my mistake. Only Retail clients are covered under SIPC; however the risk is very small that Andover will be bankrupted by a trader (they have their controls). My understanding is that Andover currently has over 700 traders. I still love the training I'm...