Search results

Hey Hydro, it looks like Federal Gov. is neck deep in the kerosene lamp business with 3 models to choose from FHA, Fannie Mae, and Freddie Mac. With the passing of this bill FHA now allows for the no money down kerosene lamp............ lol. :D :D

FYI The house just passed this bill TODAY. Who needs wall street subprime programs when you have gov. backed subprime loan programs (otherwise called FHA). It doesnt look like monopoly money to me...

FYI FHA is gov. backed subprime program for people who do not qualify for conventional financing. It was reduced to 3% of the market when the secondary subprime market was robust. "The program should remain targeted to traditionally underserved homebuyers, such as low- and moderate-income...

http://www.socceralley.com/fans-brazilian-2006.php

Hydro, You are mistaken. I have a 50% stake in a Mortgage company in FL where alot of the shit is hitting the fan. Here are the facts. 1) The subprime and alt a market are history. But not FHA. 2) Contrary to what you here in the rumor mill agency paper (Fannie Mae and Freddie Mac) are...

Now I have heard it all. The mortgage industry is history?!? The mortgage industry is akin to kerosene lamps!?! Maybe people will start living in cardboard boxes, and finance their house with monopoly money.lol Are you sure thats hydro and not crack that you are smoking.

Stick with what you know. People will always need mortgages, and contrary to what some of the previous misinformed posters stated.......... New government regs. are not going to stop mortgage providers from providing mortgages. The learning curve is very steep in the trading business and by...

Scorpion, I agree. A good commission rate can be the difference between profitability or washing out of the business all together.

I agree with your reasoning 100%. In that scenario you would be much better off with that fee structure. For me it would not work in my favor. I am better paying a per share fee and keeping 100%. I think Schonfeld also has a gross profit split option that you can opt for as well. When...

SwiftMike99, RE: Or you could go to swift or other prop with similar model and pay 20 cents per 1000 shares. Doesn't Swift take a significant % of your profits in return for the lower fee structure?

JD 1028, RE: "traders describe prop as a last chance to work, when you cant get another job-everyone seems unhappy and describe that u are lucky if u make 100k in first year" From the outside looking in things appear as you described. But in my case the opposite is true. I trade...

Prison????????? What crime did he commit. As the largest mortgage lender in the nation countrywide has provided loans for millions. A down cycle in the market is no reason for slander. You should tighten you lips son, you sound very foolish.

Cre8, It is not my place to discuss. Call Don. I was just giving an unbiased opinion about my experience. I have nothing to gain. I trade remotely from a small town in Florida. Again good luck with your search.

Not true Cre8. However Don is the one to talk to regarding commissions. I trade in FL remotely with Bright and am happy with the operation. Here is why: Good Leverage Decent Commissions Honest Management Above all else they are very open to discuss working strategies. Good luck.

Vectors RE: because most people have real jobs that's why and don't have to daytrade You should rephrase the don't have to part; most people would rather make a 6 to 7 figure income working on their own trading the markets than working a day job. The last time I checked living the...

Why limit yourself by not daytrading. In the markets like any endeavor; the more you can integrate into your strategy the more robust it will be. Maybe the question should be: why not daytrade?

Laugh now, but you have to start somewhere, and with documented returns like that it will not take long to significantly increase that fund. Good job and good luck with your business.

The reason so many people here are responding with good months is that ET has alot of day traders. August was a good day trading market.

+ 48k.

Why don't you put up a little money and go to a prop firm? Bright does alot of stat. arb and offer very high leverage for market neutral strategies.