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    Anyone from Akron, OH or thereabouts?

    I'm from Akron Ohio - graduated from Firestone High School - now trade in NYC metro area (Hoboken New Jersey)
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    When did Decimalization take place

    Went from 75k a month in December 2000 to making maybe 20k a month in a good month. Great policy hasn't helped investors put a lot of people out of work. Actually contacted general counsel of Senate Banking and Currency Committee and contacted SEC. SEC stated the increment would be...
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    He's Baaaaack - Arnold Runs!

    Little noticed among all the Arnold hoopla was Lt. Gov. Cruz Bustamonte circulating petitions to run. He won election last year by a resounding majority as the first hispanic statewide elected official in California's history. I predict he could he possibly defeat Arnold as Democrats...
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    ASSENT withholding initial contrubution for a year

    From a trader's perspective I believe that Assent holds your initial capital deposit for a year if you trade prop, with them. However, if you clear with them thru another firm or trade as a customer of Assent they don't hold your deposit.
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    Cal Recall Election Will Dominate News

    A possible Democratic strategy would be have Davis recalled then nominate only one candidate on the replacement ballot would suggest Lieutenant Governor Cruz Bustamonte (first Hispanic statewide elected official - elected by an overwhelming majority last year) to fill Davis' position. From...
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    Sometimes I think that trading is a very bad job

    I feel that trading can be an exciting endeavor trying to outwit the market. Certainly trading creates value such as liquidity plus providing agency income (commission income) that creates jobs. Suppose one trader creates $200,000 in agency income this can result in four jobs being...
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    ASSENT withholding initial contrubution for a year

    On page 9 of the contract under Section 5.07 Distributions "The Board of Managers shall not make any distributions of profits or returns of capital to any member that would violate the Uniform Net Capital Rule of the Securities and Exchange Commission or any other applicable regulation...
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    ASSENT withholding initial contrubution for a year

    The Assent financial manager I spoke with cited the net cap rule 15 c 3 -1 as a rationale for their position.
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    ASSENT withholding initial contrubution for a year

    I'm not an attorney or financial expert and special courses and licenses are given on the rather technical subject of net capital. That being said, since I also had some problems with Assent's interpretation of this rule, it goes something like this: your initial capital is considered "good...
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    ASSENT withholding initial contrubution for a year

    It is based upon the SEC's net cap rule 15 3 c1.
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    Any Pro firms in the DC area?

    I believe that both Bright and ETG have offices in Bethesda
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    Last Bright Trading question: how much equity volume do they do on a monthly basis??

    Would guess they do about 5 billion a year
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    EGM

    Very good article on page T4 of Technology Week. Reviews EGM's software and calls it "A Professional Quality Tool.
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    How do prop trading firms make moneY?

    I will also add that both EGM and Bright are now providing attractive rates for traders.
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    How do prop trading firms make moneY?

    I would second the post go directly thru Assent. I don't want anyone to have my experience of financing a prop firm.
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    less people on ET?

    In contrast to previous poster feel this is an excellent site to explore trading trends, news and strategies.
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    if i can put up capital where should i go?

    assent (formerly Andover) also has a health insurance plan
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    3 Questions About Scalping (stock & index traders)

    1. 1 stock 2. tend to use average dollar profit figure
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    Comission and Bullet Rates

    Both owners and traders deserve a fair profit. The key word is fair.
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    Comission and Bullet Rates

    Forgot to include that EGM's fees are exclusive of ECN fees (they give rebates for adding and charge for taking)
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