Search results

Where do you guys all live?

I am also bored...so lets form some kind of a networking club to socialize and do stuff. If you do have a regular job in office people go out every week and they have other office parties. So lets start a traders party. Here are some suggestions: 1) Play a sport or work out 2) Watch...

Yep..that sounds like a good idea. why don't we discuss about a solution! It will be a good idea to have a list of all the prop firms that are members of CBOE since in that case, you don't need a series 7. Also, if the PDT rules apply to both licensed and non-licensed day traders then...

Lynx Capital was started by a former Worldco superstar trader by name Leon... They teach you market short strategies... With the SEC suing Tuco, not sure if this is a good idea to join any LLC. What is the deal that you are getting there? how much deposit ? comm? etc?

I am impressed :D

Dude, A crime is not a crime if no one can find you or prosecute you. Thing is if you want to cheat, don't cheat for small amount ...do big and cheat big.. like Milken or this other guy who got clemency from clinton....why risk for a few thousand dollars? So, think big!! :-) :D :D

I am not an attorney ...so can't give you legal advice. But the whole issue here is this: If an LLC takes the deposits etc.. then the SEC wants them to be a licensed broker / dealer. So the SEC wants the LLC to be licensed broker / dealer.

Bright Trading Echo Trading Assent LLC

So with this latest information... This leaves with only 2 choices that I am aware of: 1) Swift Trading and 2) Title Trading Both these don't have any operations in the U.s. Wonder why... Any body care to answer. also, is there any other firms similar to swift or title's...

Besides being registered as a broker dealer, my understanding of the issue is this: only 4 to 1 buying power even with all the licenses. So even if they register to be a broker dealer, I don't think the SEC would allow Tuco to give more than 4 to 1 in buying power for intra-day trading...

5pillars: Dubai is a great place..my dad used to work there. and i have heard many brits are going there.... If you are like spitzer then there are a lot of russian prostitutes available there :D So, can you post any link for Dubai prop trading??? If any one knows of any link for...

Yep makes sense..Thanks I have read a lot about famous scandals Michael Milken.... Harshad Mehta....(The great Indian bull who swindled a few billion dollars) I still don't think it is fair to SEC to come and tell an LLC guy hey, you can't give him 10 to 1... Isn't this like...

why not start a prop to trade overseas stock market? :D

Yes. Dude, all the SEC is telling is this: we want to protect you the people we don't want you to loose just 5000 instead we want you to loose more; 30,000 (since 25k is the maintenance margin; you cannot trade if equity goes below 25K any single second)... This will be a...

I always wonder where does the money come from for all this 100 to 1 or 400 to 1 leverage? Is it some thing like an accounting adjustment ? since there is no real cash changing hands only buying power to trade stocks......... If some one is getting 100 to 1 rather than 4 to 1 then where is...

I am taking my business oveseas to India......where i can get 20 to 1 or more as a retail trader...

If a beginner wants to learn to drive a car, he or she would buy a car for say $5000...knowing that there is an 80% chance of a "major accident" in the first 3 years. Imagine the government (SEC) having a new law that says all new drivers should only purchase a brand new car for $40K and...

Can All the Prop Traders get together and sue the SEC for some class action lawsuit? or just write a petition to SEC??

That means even legitimate firms like Bright and Echo would be affected right? Would love to hear from Don Bright... I know for a fact that some of their traders who do OO or Pairs need lots of leverage.. So this could mean the end of Opening Only and Pairs Trading..unless some one gets...

Also, just to clarify... so minimum is 25K.. i understand this. are you telling me that even with 25K down and all the licenses they cannot give more than 4 to 1 buying power? then what is the point of being licensed? I thought the whole point of being licensed is to get uncapped buying...