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  1. W

    PDT Rule & Prop Firms

    i asked about a thousand questions regarding the "impending" sec mandate. it seems that a licensed firm can offer 20-1 leverage to licensed traders because they are now actually "registered members" of the exchange. this is an entirely different classification from a customer relationship. feel...
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    series 7--is it still 25k down?

    i killed that post. sorry, getting tired. will the sec now force prop firms who require any amount of capital to make sure a trader maintains 25k in an account? i realize he or she can get more leverage but will the 25k rule be enforced?
  3. W

    series 7--is it still 25k down?

    if i go prop and get my 7mare the days of 5k down and 20-1 marhin over with that amount? i realize 20-1 still will exist at a prop with a license but will the sec not force all llc traders to have 25k? any capital contribution with constitute broker/dealer?
  4. W

    Risk of licensed and then going retail

    if i become llicensed,what are the negatives if any? if i get licensed and open a retail account and i am asked if i am a professional,is that a problem? also,if i get licensed to work at a prop shop,i still risk my own capital,correct? aside from many llc's now requiring a license,what changes...
  5. W

    series 55 and 62 exams

    prop firm in philly saying you need the 55 and 62 to trade prop but not the series 7? i may have the 62 wrong but definitely the 55. anyone shed some light on this? what is the 55 and 62 exams like?
  6. W

    Keystone trading question

    1) do you need to be licensed? 2) you can join with NO capital 3) what if a trader has a big loss? how does the firm make money? what platform do they use,how is it? thank you
  7. W

    3/11/08 Video: "Dear Jim Cramer, should I sell Bear Stearns?"

    Cramer was emphatic about everything being fine at Bear. he was 100% wrong. he reminds me of the defense attorney trying to manipulate what a client said on a wire tap. he said x but meant y. its like a mob guy saying "get rid of that guy" and the guy is found dead. the attorney would say he...
  8. W

    PDT Rule & Prop Firms

    i'm guess the llc has to be registered with the exchange and so do the traders? can a trader be registered and not licensed? or you reduce the payout from 100% to 95% ? combine all the deposits as a hedge fund?
  9. W

    The Solitary Trader-Life Hampers Personal Growth?

    the grass is always greener i suppose. however,i know what you mean. i try and leave my home office 2 hours per day and go for a loing lunch where there are lots of people.
  10. W

    llc model no more for props

    what about Light Speed?
  11. W

    Light Speed- Laser-ANVIL--comparison

    which is the best? how are all three individually? how is tech/customer support on each? thanks guys
  12. W

    PDT Rule & Prop Firms

    not all LLC's are requiring a license. if structured properly,there are ways around it which are 100% legal.
  13. W

    Goldman and Lehman Both Borrow From the Fed

    its bad news. Goldman said yesterday that their liquidity was strong. if so,then tell me why they had to borrow feom the fed's discount window!
  14. W

    wich prop firms have Lightspeed?

    did the guy ask what firms(llc's) use lightspeed or what firms won't be around ? answer the guys question,why all the nonsense about what firms will close down with these ridiculous doomsday scenario posts.
  15. W

    Theory on why there is no capitulation

    its really programmed buying at specific support levels. thats all it is. you need an intraday breach of those levels to get any real fear,not breaches at the open.
  16. W

    will market fall on Goldman today ?

    market shot up yesterday mainly because of Goldman Sachs earnings and more importantly the ceo's statement that their "liquidity remains strong". well,tell me why a report came out this morning that Goldman used the fed's discount window late yesterday. if their liquidity is strong,why would...
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    I'm prepared for another FED pump

    i just cannot see a smart fund manager telling himself that the fed is on top of things and in 6 months the economy will be better so he should be buying stocks right now. this rally will be sold.
  18. W

    Stock Market Is A Scam

    its only called a scam when money is lost. i like to think of it as an atm machine regardless of its intentions.
  19. W

    todays inflation report-what will it do

    on the one hand,the ppi came in much lower than expectations but on the other hand,the core,which the fed pays much more attention to,rose more than expextations. housing starts came in better than expectations,but building permits came in much lower. the wild card is today's conference call...
  20. W

    Maverick

    i can become an exchange member without taking the series 7 or other exams?
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