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I spoke to Gabrielle about this in January or February. She said late March or early April for the K-1. The firm recently sent an e-mail stating exactly what Mr. Bright just said regarding his firm. Regular traders (Class B members) can just use their end of year information. Go to...

Sorry for the late reply. Here's the link, but you have to be a "Real Money" subscriber: http://www.thestreet.com/p/_tscs/rmoney/jamesjcramer/10148766.html. I don't think I can reprint it, or I could get sued! The gist of the article is that many of the largest stocks, the ones that move...

Wow!! Does anyone understand what he just said? I love your posts, Nitro, but this one is way over my head. One thing is certain, options expiration will have a huge effect on trading this week. Love him or hate him, Cramer has some interesting comments today on the strike prices many big...

When do most prop firms send out K-1s for the previous tax year? I'm still waitng on mine.

I agree. Good poll. From what I know about the state of the biz, I have no reason to think the numbers aren't accurate. Thanks for running it. tdoc

I posted this on another thread. It might be of interest to someone. tdoc

Hey, Stop with the persecution complex! The low capital contribution idea came from you! I don't think Assent, Bright, or Echo will let anyone start with less than $5000. I haven't heard of Schonfeld hiring for a long time. Don't know anything about Carlin/Generic. People on this thread...

I agree. I don't understand how anyone can expect to come in with little or no capital, expect to be taught how to trade, and receive a high payout. If you put down a reasonable amount ($5000-$10000), most firms would be happy to provide some training. If you are successful, they benefit from...

Tech support through Dan in Chicago is good. The company accountant is also in Chicago. As far as I can tell, everything else is Phoenix based. Dan can help with software issues. Joe Brunetti and Paul Cogbill can help with trade reporting processes, fees, and procedures. I would like to see...

I really think ECHO will provide training again. The firm has a history of doing so. Until late 2002, training was provided through the San Diego office coordinated by Jonathan Kirkland. I think it was top-notch. That office became an Assent/Lynx office and the training program ended. In...

It varies by firm and by trader. Usually, at the time you sign on with a prop firm, you will be given a specified amount of intraday leverage based on your deposit and experience. The usual margin requirements do not apply. It is between the firm and you. 25:1 intraday and 2:1 overnight are...

I'm not one of the ECHO cheerleaders, but I feel compelled to respond to this post. First off, if you are a beginner, you don't belong at a prop firm like ECHO (IMHO). Echo's Netsheets through Pax Clearing leave a lot to be desired, but your real-time gross P&L is always accurate with Echopro...

Thanks for the posts. It sounds like there haven't been any major changes, and for the most part that's good. I know the company was very well-respected when Jeff was the CEO, (and still respected by many with Vito at the helm). As long as the focus remains the individual trader, software...

Okay. I'm trying one last time to get some discussion and posts going on this thread. If no one has any comments this time, I'll leave it alone. As an Echo trader, I find this to be big news. I'm not sure what it means yet, but it says something is going on at the firm. Anyone have any...

I agree, Vito is an excellent trader. I wonder if anyone has some ideas (or preferentially some inside knowledge) as to why he is no longer CEO, and what this means for ECHO and its traders? tdoc

Rob is apparently keeping his present position "Head of Trader Relations" (or something like that). What's odd, is that the press release doesn't mention if Vito will continue to be in charge of the training program. No training sessions were broadcast the entire week last week. I wonder if...

I was just wondering if this is just a routine change, or is there a shakeup going on?

Echo press release today: ECHOTRADE ANNOUNCES COMPANY FOUNDER JEFFREY DEWIT AS CEO CHICAGO, Illinois - November 7, 2003 - ECHOtrade's Board of Directors today announced the appointment of Jeffrey DeWit as its new CEO. DeWit, former CEO of ECHOtrade, will be returning to his previous...

I hear ya. I've got a system similar to yours, and a reliable internet connection. I have no idea why this happens. Have you talked to Dan? He might be a little more helpful than some of the other support folks (you know, no problems here!, must be on your end). I listen to echoforum daily...

Thanks for all the replies. Learninglisted, I think you must be having some problems on your end. Echo traders don't seem to be hesitant about posting when frequent major problems are occuring (see earlier posts on this thread). I haven't had nearly as many problems as you have recently. I...