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By making "20k profit after 2 months" are you suggesting you would keep that full capital in the account? Remember, you're only being backed with day trade margin, not maintenance margin, regardless of the amount of profits you accumulate. As Xela pointed out, TST is for daytrading only...

"Intraday stop loss is $20.00 to begin with." Is that TOTAL per stock, or per day? If it's 100 share minimum order, then it's 20 cents on a 5 min bar. Taking the 25 minimum trades, the maximum allowable draw is $500. If it's $20 PER DAY, then as the op said, "ridiculous!"

Two words: Dumb criminal.

Those who hate AAPL want it to crash and burn. Those who love AAPL want it to rally forever. However, price is absolute truth. The gap above around $103 is likely to fill.

Yes, it was apparently a technical issue, see corrected post above.

Their site says the phone number is in the 514 area code, which is not in New York. According to Google: "The 514 area code belongs to the Quebec (QC) province of Canada and some of the locations covered are Dorval, Montreal and more" http://www.cnac.ca/area_code_maps/canadian_area_codes.htm...

So he's paying Schwab around $80k annually for their service (20% of the $400k he's generating if he gets 1% on his total $40 million in AUM). Has he thought about going independent? He can still have Schwab as the custodian and broker. They still handle a lot of the compliance, or he can...

Will the REAL Jim Cramer please stand up, lol! This video is CLASSIC.

False alarm, the site is up and running. It was probably a technical issue.

Nice find on the Funded Trader pricing fees. Look at the costs as fixed plus variable. The fixed costs with CTS is $25/month (plus the $85 per exchange). If you trade CL, it will cost $4.92 per contract round turn. So the monthly variable costs depends on the # of contracts traded. Other...

I used the CTS while trading prior combines, it's a decent platform and quite functional. It took a few "fat finger" mistakes before I got used to it, so my recommendation is to go through the video tutorials before placing a trade. Regarding fees, my understanding is you will pay $25/month if...

Oops, looks like the site is down, or their model didn't last. :wtf: http://proptraders.biz/

Good points. Also, see the example from Green Trader Tax below regarding the tax if you're in the 10% to 15% bracket. The NET rate is actually much lower, given the benefits of capital gains vs. reporting ordinary income. And the maximum tax rate is 28% for Section 1256 contracts vs 39.8% for...

Or better yet, set up some type of subscription service. There's a lot of talk surrounding Jim Cramer with the recent movie "Money Monster" (which I saw and it sucked). Reporters did some digging with Cramer's "Action Alerts Plus" membership service, and found that his stock picks over time...

The Canadian complaint form is very simple, and similar to what we filed with the NY Attorney General in our case. As I wrote earlier, don't have expectations of the Canadian regulators to do "something" other than accept the filing. Even if WTS wasn't registered, they use a clearing broker...

AAPL has around 1% of shares sold short, most are long the stock. That $92 level was key, and it broke, probably causing a lot of weak hands to get shaken out. The bar had to reverse quickly (see post above), and apparently it did with their $1 billion stake in the "Uber of China" and now the...

LOL, one whale exits (Icahn), and another one enters (Buffett). That's what makes a market! http://www.elitetrader.com/et/index.php?threads/warren-buffett-buys-stake-in-apple.299954/

His plan was to "shut up the naysayers" and take a check, however he limited it to three combines (one combine and two resets). He never blamed the combine rules or the market, but instead claimed he was a "shitty" trader. Apparently he then started a thread to provide advice to newbies that...

Another route you can take is small claims, however it's capped at $15k, and you'll either have to show up for the hearing or hire a lawyer, which may be cost prohibitive. I know of a trader who did this with the other prop firm, AND he won the judgement. However, winning a judgement is one...

It's good that you're at least trying to collect your money. I think one of the best courses of remedy is to keep in contact with the owners (as I suggested earlier). It won't hurt to file a claim with the Canadian regulators, however don't expect them to do anything other than file the...