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Most of them do it. It is called being a customer in Disguise. The firms are selling leverage. Your risk is that the SEC or Fed decides that this is a violation of Reg T and cracks down.

Good luck to you Thunderdog.

There is nothing wrong with a trading firm closing an office. If the traders aren't making money and the office can't support its overhead, why keep it open? It has nothing to do with the margins, as they got thinner, management should have adjusted. Unforrtunetly, it is a fact that if...

I disagree. Service, quality, stability, and professionalism mean something. Why do some car buyers purchase a Ford when some buy a Jaguar? Made by the same company. It is the quality and service. Sometimes the cheaper stuff ends up costing a lot more in the long-run. I am for low...

I don't know this Lion's Group but "Nomooks" has a good point. If your trading profits are so dependent on another few bps, then you probably shouldn't be in the game. While I am all for lower commissions, it was the higher rates that often forced a trader to learn, that weeded out the "mooks"...

Get out as soon as when why you got in is no longer true. Don't wait to be wrong. Price is irrelevant. Time is the relevant criteria. When you got into the trade, you should have had a specific time frame you thought the event would occur. If that time frame passes OR if it becomes obvious...

There is a rumor I heard from a Schoney trader in NY that Schoney has lost over $30 million this year as a firm and Steve is threatening to shut the entire operation. He is acquiring customers to help lower the per share cost of his clearing operation. I think Steve didn't get the e-mail...

Try getting insurance through a group. Often groups will let you piggy back on their insurance if you join the group. Many grops just want the dues. For example, a non-Jewish friend joined B'nai Brith for $25 bucks for the year and was able to click into their group rates. I am sure there...

BFD.

I think both ETG and Bright have an office in Smithtown if that helps. I think Worldco has an office in East Hampton or out there somewhere.

Huh?

Excellent test.

Saw the performance. One week is not convincing to me. Sorry for getting involved. Good luck.

Huh? We are grasping here! Big time!

I don't understand your analogy. It is one thing to open your mind and try something new mentally, but to actually ingest something you know nothing about is another. Closed minded people scare me. People who follow others blindly scare me.

Do not be afraid of what you don't understand. Embrace it and learn it for it may be exactly what you need. You have nothing to lose by trying to grasp the unkown or the seemingly bizarre. I once fought these things. Now I go with it. Sort of like trying to understand Don Bright.

It is true. The tick rules are exchange rules not SEC rules. It is because they are an Over the Counter exchange. They are not subject to the NYSE uptick rule. Nor are they part of the Hasdaq exchange and the bid test they implemented less than ten years ago. They have no obligation to...

If I recognize a pattern, you are trying to visit your offices around the country and have an open forum for trading discussion. To facilitate it, you are buying drinks and appetizers. For those who do not live near one of your offices, could you simply send us $20 so we can buy a few...

If Don keeps up his plan to travel the US and get the whole country drunk, your ad plan may be just the right thing.

Again, it is fixed. Talk to Stern he will tell you who is going to win it all.