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I found the following book to be very helpful with my personal trading psychology: "The Inner Game of Trading" by Robert Koppel Good luck. :)

"Buy and Hold trader", isn't that a condradiction? :)

Trader88, do you mind telling which firm this is that gave you a "no capital contribution" deal? How do you like it there so far? Thanks. :)

I guess I should have included ANDOVER in this thread, as they are also a firm I would consider. Therefore, the title should read: "Starting at Echo vs. Andover vs. WorldCo" Any thoughts on Andover? And what is the difference between Lynx and Andover (if any)? :)

Hi jisoosun, a lot of members have suggested on this thread to shop around, and they are RIGHT! It is easy to get caught up in the negotiation process with one firm, but it is important to look at the big picture and remember that there are other firms out there. I am going through the same...

Ron, thanks for your note. You wrote "...Lynx Capital - Andover (both in NY)". Are Lynx and Andover two different firms, or one and the same (Lynx is not listed in the BROKERS section)? Thanks in advance for clarifying. :)

Hi, if a (retail) trader decided to go "Pro" (debatable terminology), and has narrowed his choices down to Echo and WorldCo, what are the opinions on which way to go? Echo is obviously the firm with a much better reputation and higher level of quality -- but they have a capital requirement...

I am truly sorry for ever starting this thread. It was meant as an innocent inquirey, but it's catching a lot of flack from ET members. Tasuki, thank you for pointing out the typo of "inreasonable" (instead of "unreasonable"). That was a simple oversight (I know how to spell). Max401...

Anchor, what else have you found in your search for a suitable prop firm (other than Geneva trading). For example, have you checked out Echo Trade? I am also currently looking at going pro and finding a good prop firm. :)

What's with the bashing on this forum?! What I meant by "no search result" was that there is no separate thread about this chatroom on this forum (my search setting was set to "show results as threads only"). The only time I ever mentioned KingCambo was in a reply on a thread called...

Bungrider, could you quantify your statement, please?! Thanks

Traderpatmi: The reason traders get the Series 7 license is the following: in order to work for for a professional trading firm (e.g. Echo, Bright, WorldCo, etc.) one needs a Series 7 license, as per a new (and I think much hated) NASD rule. So anyone who wants to start trading by putting...

Does anybody know anything about KingCambo.com. I did a search on ET with no results. This is a daytrading chatroom, it seems a little similar to UndergroundTrader.com (Jay Yu). They used to be free, but now charge a fee. Besides Nasdaq stocks, they also use e-mini futures as trading tools...

Hi gjmason, this is a very interesting link (BTW, the direct link is http://members.aol.com/liberty097/index.htm ) Cost to set up a Corporation Sole (C.S.) could be a concern, which seems to be around $10K: "Cost to set up and maintain a Corporation Sole can be considerably less that a...

Dear "Bungrider", this is in response to your question "How is success defined?" The perception of success is very subjective. I.e., if you feel successful, you are successful. To objectify success, we must quantify it, which can be based on the professional background and previous...

SIMBA is my cat's name; named after, you guessed, Disney's "Lion King". He sits on my lap while I'm trading, and I'd like to believe he helps me make good trades, LOL. So much talk about motorcycles (Magna et. al.), here I go. V-powered bikes are the best. I ride an '86 Honda Interceptor...

From a practical view point: If the trading account (e.g. IB) is set up as a foreign account (assuming this is legitimate), the account does not have any tax liability in the U.S. It does not matter from which physical location the trading takes place. Even if a person trades from within...

XCowboy, you stated that... <<<...we are broker dealer neutral and will license to deserving brokers who in turn will have to offer commission scales that can work... (and) IB has the rates that will allow scalping to work, however we have not yet made arrangements with them...>>>...

Has anyone tried NexTrend.com? This looks o.k., it's only $80 / mo. for the premium package. They have a free package with delayed data, but it has real-time data for CME E-mini futures. I will try that out, in conjuction with PFG Best's futures execution platform (30 day free trial, then...

The SIMPLEST profitable method to trade is... ONLY ENTER WINNING POSITIONS, AND NEVER ENTER A LOSING POSITION !!! Now you just have to figure out how to do that. It is difficult to get genuine trading advice, because those who are successful in trading are hesitant to give their...