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As for the Series 7, I don't know why anyone would be frightened of this. It is a straightforward test, if you read the materials, you will pass. I studied for a week and a half, the test itself took me 3 and a half hours to complete, I got an 84. It takes a score of 70 or better to pass...

Klaorman, Wow, that is totally ridiculous! 1 Million bucks! Whatever! There's another post where a guy says this: "Hold Brothers just instituted a policy whereby all traders have to open up their trade blotters, copy their day's trades into a form, fill out the rest of that form...

I trade with ECHO, I can answer those for you. 1. Yes. 2. They give daily statements. They are downloadable every day from their site. They can also e-mail them to you everyday if you like. 3. You call or send an email to them, they will wire, fedex, or mail funds, depending on how...

Leland, Yes. A bullet is a one day thing. If you want to do the same stock everyday you can get a conversion, sounds like what Klaorman says Hold Brothers calls hedges. Sounds like Hold doesn't even offer true bullets. Klaorman, That is correct, once you cover the bullet you can sell...

Bullets are an absolute necessity if you short stocks. I could not imagine life without them. I use them on 4 to 5 different stocks a day. You use them to short downticks, that simple. With a bullet you can hit Sell instead of Short, which is good on Nasdaq stocks but absolutely essential...

Yes, you will be considered a professional trader then. It can't all be advantages, the world is not so kind. But that is very easy to get around. First, you only pay more if they know you are pro (which a lot of people *ahem*, and I am not saying you should do this, but they answer no)...

Tradecourse, ARCA will change their algorithm to SuperSOES instead of SNET, I hear, but you will save a lot of money in ECN fees if you just route it directly there instead of letting ARCA do it. It is also much faster to go direct. For everyone, make sure your firm will let you route...

They are a professional firm. They are subject to different margin requirements than most firms. Here are some other threads that have gone into it in detail. http://www.elitetrader.com/vb/showthread.php?threadid=1446 http://www.elitetrader.com/vb/showthread.php?threadid=1740 I was...

Series 7 yes, other tests no. There seems to be a lot of fear out there of the Series 7, I don't know why. It's one of those tests that - if you read the book, you will pass. It's not rocket science, it just asks you what a bond is, what an option is, covers stuff that is good to know...

I started another thread that should help you guys. http://www.elitetrader.com/vb/showthread.php?threadid=1775 -Jim

I started another thread that should answer this for you. http://www.elitetrader.com/vb/showthread.php?threadid=1775 -Jim

Have you guys seen this? I trade at ECHO http://www.echotradeonline.com/ they passed a memo around today that read the same as they now put up on the web. They just lowered the capital contribution for a new guy to $10,000. And you get 5 to 1 leverage, instead of the new 4 to 1 for all the...

Because SuperSOES is so much cheaper than ECNs, I am curious if IB will go past an ECN bid to hit a SuperSOES bid to save themselves money? Example: MSFT MMID BID SIZE INCA 67.06 10 LEHM 67.05 10 Question: Will IB...

Chika, You can't take the series 7 without being "sponsored" by one of these firms, so you will need to sign up first and they will walk you through the process. My best advice is to call them all. Then you can hear firsthand which ones have the best deal and you will probably get a taste...

Try this one: http://www.neovest.com/press/6-11-01.html It is First Alert's automatic trading system. You program the filters and parameters, and it will fire the trades. First Alert is most known for it's filtering capabilities. If you want to trade with this system, the only trading...

By the way, to read the above link you need Adobe Acrobat. You can get it at http://www.download.com Or just go to: http://www.nasdaqtrader.com/trader/hottopics/supersoes_hottopics.stm -Jim

SuperSOES allows you to auto-execute against a market maker's posted bid or offer. With SelectNET they are allowed to hold orders and back away from their bids and offers if they feel like it. With SuperSOES, if they put up a bid or offer you can nail them. The fills are instantaneous, it...

They use two different software platforms. Most guys use ECHOtrader, which is their own brand of VTS. Some guys use First Alert (http://www.neovest.com ). As far as they say, they are the only firm in the world that has access to the order entry version of First Alert right now. It is really...

Professional firms now have SOES access, through SuperSOES. What do you guys think? I was a little disappointed when I first turned "professional" (I am at Echo http://www.echotradeonline.com ) because of the loss of SOES access. They now have it, I was playing on RMBS today (it only works...

http://www.echotradeonline.com -->I have been doing this for 8 years and have been around the block, I rate these guys very highly. Very professional, customer oriented, low rates, and quite honestly the fastest executions I have seen. Check them out.