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just take the S7, not that hard of a test. spend 2 weeks studying and pass the test. if it is a different of 10% payout profit, a few hours a day is worth studying for

it will vary based apon vol per month. typically under 1 mil shares looking around .003 - .005 1 mil - 2 mil .003 - .0025 is an a rough estimate. some prop firms who are non b/d cannot mark up commissions, one can operate as a non b/d if they accept no capital contribution and...

good to see the bigger hedge fund names and % returned

typically speaking CBSX firms will not "hang" your S7

they repost the imbalances at 3:50pm

alot of platforms have them. goldman's redi has the imbalances ready to go. Id say one of my favorites trades is with the MOC. twenty minutes of pure fun

yes, you have to have firm sponsor you, but all you have to do is call up and state you want to trade at your firm, please sponsor me to take the S7. you pay for the test, pay for any transactions expenses and you study on your time and dime. not a big deal

Any CY Group guys want to chime in?

just take the series 7, spend 2 weeks studying pass it, and then trade with the firm you want - Echo- just give 2 weeks of your time to put your mind at ease.

with residential real estate, technically you still own it even if you have a mortgage on the property. look into real estate law which explains this. most of the people losing their homes now are the ones who have been holding on with savings to get by. The speculators and liar loans have...

there was an article about 2 weeks ago how home values here in AZ are expected to drop an extra 5-8% in 2011. I do not see it see getting any better. I can say we might bottom out in 2011-2012 but it will be a stale market with deals everywhere. I know a few who filed BK/foreclosure in late...

any updates on this?

Contact the compliance officer of the firm to get the correct answer or contact the states in question (Michigan and FL) state Securities dept and find out. I know traders who are with firms that require a U4 who have filed BK before. It happens to even the best people Most of the...

I tend to agree. I feel the CFA designation is the best route. but it takes 3 years and pass rate is under 40% for the level I. There now A CHP now (chartered Hedge fund professional) even

learn to write code/program/excel/VBA etc then you can add value to a trader. why not contact a trading firm in LA? and see if they have novice program vs being an unpaid assistant. Traders typically do not have assistants like a broker would. A trader has back office support (accounting...

I am sorry, I thought your trading expenses were $6k a month. If you have wife and kids and supporting the family day trading you better be a solid trader with a smooth equity curve. I personally would not recommend day trading to support a family unless you have a large pool of assets and...

You need to get your trading expenses as cheap as possible. if you are profitable but paying too much in trading commissions it will kill your Net PnL. $6000 is pretty expensive if you ask me. (unless you are trading heavy vol) post up your expenses and lets work on it. mentally, it is...

Try Houston as well as cities

Personally imho the southwest USA is the best to place overall if you ask me. 1. weather 2. taxes 3. property taxes 4. how far the dollar goes for living expenses 5. outdoor activities 6. gorgeous women (Las Vegas and Scottsdale AZ are top notch) 7. friendly people 8. cheap enough...

solid example is schonfeld trading, they let so many traders go in the recent last year. Steven Schonfeld explained the game has changed for traders. but one positive note is commissions are getting cheaper, better ECNs to route orders too. I feel to make it currently (just personal...