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fullblotter quotes: "World Trade Securities provides 80% payout with fees of 15-20 cents/1000 shares. I stand by my statement that $7/1000 shares is a rape. no need to be overly sensitive of the term "rape", it's a trading term as far I'm concerned."...

akmusic: I don't "think" anything, I just watch charts all day. I'm not a financial advisor so I can't tell you what to do. You've got over $100k on the line on one stock based on your prior post, so either you're quite wealthy or putting all "eggs" in aapl, not sure. The 200 day is very...

akmusic, I don't know about the article on MSNBC, the fundamentals on AAPL are still at $12/share with a 25 multiple. That makes AAPL a $300 stock, according to analyst estimates: $12 share x 25 multiple = $300 It has been rumored that it will split 4 for 1 at that time. Nothing has...

fullblotter: "no one pays even remotely close to that" According to Don Bright at Bright Trading, an SEC registered FINRA firm, currently charges .007/share for 1k shares for traders who do 200k/month shares or less, and .003/share for higher volumes. (the reference to "rape" is uncalled...

_________________________________________________ di1836: Fees can eat up lots of the commission, so it depends on the fee structure. You mentioned a 50% split of your commission on profits, but are you making a capital contribution against losses, or does the firm provide all the...

Perhaps it's a matter of the Fibonacci numbers: S&P 500: October 2007 high: 1,576 March 2009 low: 666 .618 retracement: 1,228 In 2004, the S&P consolidated in a tight range for most of the year before breaking out. Also, the 200 per weekly moving average is just above, and you...

GS earnings before the bell 4/20... Unless you're daytrading, or you're going to pick a direction and hedge it with an option, there is "screw potential" when the numbers come out with a gap up or down.

You can check out the following platforms: Lightspeed, Instaquote, Sterling, Real Tick. I am not endorsing any particular one, but you can start with those and complete your own due diligence.

Thanks to Don and others for their responses. And here's an excerpt from Don's article worthy of posting: "Other methods abound of circumventing Pdt rules. Some groups claim that you will be trading with “the firm’s money,” thus placing you into a quasi-employee status. Their deal is...

CBSX vs. FINRA: Don, perhaps you can clarify some of the inconsistencies I've been reading/hearing regarding CBSX firms vs. FINRA, thanks. Inconsistency 1: Capital contributions are SIPC insured? Some CBSX firms say "no." FINRA firms such as Bright use SIPC? Inconsistency 2: CBSX...

Bad news is more often than not, followed by MORE bad news. Any more negative stories will effect the financials, including GS. Earnings are next week, so keep watching for entry IF you're set on playing it.

Ok, so can CBSX firms (which do not require Ser 7), pay out 100%, just like the FINRA firms such as Bright? Or is there some max? Any help on this would be great, thanks.

Hello, I am also curious about this. I read somewhere that when you join an LLC, you can get a maximum of 99% payout. When I talked to Bright, they say the payout is 100%. Most use K-1 partnership instead of 1099's. Not sure which firm you trade with, but it's an interesting topic worth...

FIVE REASONS TO SHORT THIS MARKET: 1. The dow is approaching the 200 per moving average on the weekly chart. 2. The last time this happened was the summer of '08, when it broke through on the downside and collapsed. 3. There is heavy short interest in the SPY's and Q's, and I believe...

I don't play GOOG, but I've been burned on gaps over earnings so I know the pain. You can hedge by selling a covered call or buying a put, or for any other stock you hold over earnings. It's a lot safer and you can prevent heart palpitations when they announce. Also, we're going to...

Yes, 5 is a very significant number. A close above 5.23 would be bullish. That was the closing price of 8/28/09. Usually, shorts can't use margin to sell below 5. So it's a battle here. However, huge positions by Soros and other billionaires that have massive positions (in the hundreds of...

jr07: Regarding rumors, I frequently scroll though the Dow Jones newswires, and have seen some "juicy" moves, as you described. Sometimes playing the second 5 min bar (if you're lucky to see it that early) can get you a few more bars if you're quick to the trigger and sell on the fourth or...

"SHORT THE SHORT!" Both FAZ and SKF were at one point great shorts. SKF was the double-inverse of the financials long, and FAZ was the triple-inverse. Both these ETF's have a volatility premium, which means they will erode in value due to time decay, similar to an option. In fact, the...

Hi there, Start with this link, and begin your due diligence for each firm you want to trade at. http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html When doing research on firms, MAKE SURE they are a registered broker-dealer, that is the most important issue...

riskarb: I have sat for a 10-day course, definitely worth taking...