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Any firm is a risk BUT some are worse than others ex. SLK a/o Sept 02 has over $1B in excess capital vs. customer seg account of 196M so 196/1B is .1865 another broker has $4M in excess capital with customers $ at 80M for a ratio of 25 Who is safer? Get the picture? AGAIN you would...

good point profitseer. There is nothing to being an NFA member just a couple of fingerprints an applidation fee. It is like saying I have 2 eyes and a nose. Go to cftc.org and check out broker for disciplnary actions. Also in that site is the report that shows net capital requirements vs...

Check out how the big firms guard their prop methods / systems with their lives. Companies such as Timber Hill, CRT ( years ago), companies that do program trades , hedge funds keep it to themselves since the leveraged nature of the markets + a couple of bucks, + compounding will make the owner...

Looks like the your stop got triggered 3 bars before which translates to 6-9 minutes ago before he filled you.Look at the time stamp of your stop. you might have a case BUT the whole point could be moot if Tradesation missed a couple of prints-highly unlikely that it missed enough prints to...

Yeah, but some women like em that THICK

You need to go to that particular office and OBSERVE. You would be suprised how differrent each office is w/ the atmosphere generally dependent on the manager as well as the top 2 or 3 traders. See how they are during the day. Don't believe the brokerage reviews too much since it could've been...

Hey, while all the bulky stuff such as tanks, carriers ,jets are in that corner of the world, you might as well take out the next axis. Save gas money ferrying the big stuff 8000 miles back and forth. Sort off like getting a discount from the landscaper currently doing your neighbors lawn since...

When you get a call from the LLC main partner which usually means you gotta come up with more $ in your cap account. That is why it is so important to know your capitulation point and get rid of it before the band breaks OR use options as insurance.

Pair trading works until it does'nt . As you gain success and experience in pair trading, you tend to double up , take more size as it strays from the mean and at the point that you think the rubber band is about to rebound back to the mean is usually your point of capitulation plus one more...

Granted the bar to self clear is higher than a firm that rents a 500 sq suite ,becomes a correspondent firm to SLK, Penson, etc. But if you call the regulators - SIPC, Depostiary trust clearing corp(50% sure of name) and the bar is not as high as you think. 500k cash a CFO, a compliance officer...

Andover has an office of retail AND prop traders at marine view plazain hoboken

Maybe one of their pairs did not revert to the mean and they blew themselves out.

ivolatility.com

I just trade reasonably liquid stocks and options. Look at sites which show options with large open interests. In addition, I have learned to wait until the spread closes in. Also, I try to use tape reading/sp to leg into teh spreads sometimes doing better than fair value. It aint easy.Good luck

It depends.. on the risk you are taking-if you bring in $ they have little risk, less time on the regulating exchanges- if your pro firm is a member of PHLX you have no choice your $ stays there for a year, other firms less, other firms no holding period-read the fine print. on the...

I somewhat agree with one caveat. Don't worry too much about deals on commish rates since after you've established a track record you can pretty carve out a good deals sub penny per share. Most of the active traders here trade at least 25k per day and in this tight environment 1/10 of a penny...

In addition to trading stocks make sure that this pro firm does'nt sign up aspiring singer/actors, lock em up for 5 years playing little clubs, disneyworld, Asia until they popular here ala Backstreet Boys or Boys 2 Men. Just kidding. There are a number of pro firms that will start you off...

Birgulino, pls check your PM. Have a ? about your post. Thanks

most clearing firms will not let you bypass the middleman (broker/dealer) since they assume that you will be constantly bothering them for 'retail'stuff. Soime will let you-SLk but you have to have a bigger wad of capital AND you might not even get the commish savings. you can apply to be a B/D...

I have a question re: SIPC. If a broker is a member of SIPC and it goes down, I can get my money back within 3-4 months. But what if the clearing firm goes down? Are clearing firms automatically covered by SIPC? Are they required to be members of SIPC? Do I have to find a broker that is SIPC...