Not exactly, but I have a penchant for greed. (at least im honest about it) I'm a trader who has to pick the low lying fruit from the market. I'm not one of the lucky ones who sits and collects commissions all day.
I'm a little confused. How can you be considered an independent contractor if you don't put up any capital of your own?
At any rate, I started with a very similar set up as you describe (but with my own *extremely modest* deposit) roughly 4 months ago. I will take home approx 5 figures this...
Ok, sort of like when Boston Scientific and J&J were bidding for Guidant? Don't you think the stock will reopen closer to 90 than where it currently is? Well, whatev, I'm not in the trade, no use 'monday morning quarterbacking' this one, eh?
Oh good. I don't feel so bad unloading the few hundo shares I picked up at 82 and a half minutes before they halted trading. It would've just tied up capital for a year? to realize seven and a half dollar gain. right?
Our firm has some automation, vol trading app. and an automatic delta hedging module. I'm not sure if they are interested in offering it to anyone outside the firm though. Who do you clear your trading through? You're probably not still with Duke & Duke, eh Billy Ray? :D
hey RR, could you please cut and paste the WSJ article and PM it to me(or post it), for those of us too cheap to subscribe? :p
And I certainly hope Momoney A.K.A. Hugh Jass is off the rock. If he's not, he's certainly keeping this site edgy!
:D
For the 12 months ended June 30, 2006, thinkorswim generated revenue and net income of $45.1 million and $11.2 million, respectively, after adjusting for certain items. Key retail performance metrics for August 2006 for thinkorswim include the following:
-- Total funded accounts: 15,300...
That's it, make condescending remarks to your clients about their math skills, that's a good start.
I'm going to call bullshit on that. The real reason you do the tiering is to avoid paying interest on the first 10K for any client no matter their acc't size. It doesn't matter if they have a...
The eighth wonder of the world.
Ok, have the escrow acc't accept parimutual betting, unless we have a resident bookmaker here on ET who wouldn't mind setting things up.
I have a feeling this will never leave the ground, but I'm optimistic for some healthy competition.