Consider trading a low margin futures contract to learn and build up equity. 5000 is not enough for the Emini S&P IMHO. You can burn that pretty quickly. Check www.cme.com and www.cbot.com for margins. You're barred from daytrading stock due to the Pattern Day Trader rule. It's great you're...
This has got to be the best trading strategy book ever written (for the short term swing trader not following a quantitative approach). The patterns have actual testing! Check it out folks. The stuff works. And you can follow how LBR actually uses the stuff in her chat room.
Stick w/ the reputable names.
Heartland, Worldco, Momentum (dunno if they're hiring), Point Direx, and try getting backed through Echo or Bright. Both companies have traders looking to back people, no guarantee of course.
Are you up to the challenge? Or how about you just post up your numbers or w-2. A trading challenge may not be your style. You're on a bonus plan instead of percentage p/l right? This way, anyone can challenge your supremacy if they choose. I think that would be best.
As much as the flame war between institutional people and daytraders is entertaining, it doesn't get us anywhere on Elite. No knowledge shared. Nothing gained. How about you two have a duel. :)
Post up some sheets/w-2's w/ names blacked out...anything. It doesn't matter who's...
You're one lucky son of a bitch. You put up one half serious post and you've got two traders interested in you. In this market of all things. Buy a lottery ticket my man!
I believe Echo allows option trades. Also, Emini trading should start in three weeks (cross my fingers) so that I'll finally be able to have a stable, reliable broker.
ISDN may be a worthwhile choice. I'd say it's far more reliable than cable or DSL and it's reliablity is proven. For my money, I'd choose reliability over speed any day. I only trade one future contract (emini) so I don't need speed. But if my connection goes down....I can kiss my ass goodbye.
Try either Bright or Worldco. Bright has an (unpaid!) intern program w/ a high possiblity of getting backed. It's a fifty/fifty cut though if you put up 0 cash. Worldco is a much better option but I'm willing to bet Bright's training is better just from what I've seen. Other than that it's...
Is still an option for me. I might intern and if the backing doesn't come through, it's Worldco for me. I will try and go to the Chicago office. I'm pretty sure that w/ a bright internship, 10-13K up front capital and a strong desire to trade, I can get in. What's their risk? I've already...
Hello all. Recently I got an offer from my local Bright office to sign on as an assistant trader/intern w/ the possiblity of getting backed. The backing would be a 50/50 split tops if I put up 0 capital from what I understood. Possibly higher. However nothing is guaranteed. My question is...
Splitting sounds like a very good idea. I really didn't think of it till now. I didn't plan to trade more than one contract anyway. I'll split it... 9 and 4. 9K for IB and 4K as the minimum needed to offset w/ a high leverage broker. Probably Apex. they offer 1/3rd margin.
You're right...
I have 13K to split up. I want to use two brokers. I want to use IB as a primary (and check out the fills for myself. Hopefully they're good). Who should I use for a secondary? Elocal? Refco? That Apexfutures guy? Unfortunately, I don't have enough money to offset w/ a big contract. If...
How far we've wandered. This was a simple topic. So far, I've seen a salary survey from 2000, some recruiter's numbers and a really old Ibanking survey from 1999. Some people have said that they are ex-wall street traders or managers. Let's hear the numbers then.