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Regarding power supply, I have not had any issue with my Dell Precision workstation. I have 4 monitors, and was unaware of the DMS-59 on my Nvidia 290's vs. the "2-DVI" on the ones I mentioned. Thanks to Scat for pointing that out.

Perhaps you can choose a less pricey model as you suggested, the home pavilions, and upgrade the graphics card to either the Nvidia GeForce GTX 550 or the ATI Radeon 6850, as both have 2 DVI inputs. Then you can run two monitors into each DVI slot with a splitter. Personally, I've found...

Hi, check your p.m. regarding a link. There was no restriction for independent traders, we could trade whatever stocks we wanted. You're right about the other part, prop traders who were in the training program could only trade a list of liquid stocks, however that list was developed much...

The trading platform was Orbis. The broker was Solaris Securities, and the clearing firm was Penson. Most of the trades routed through Direct Edge, and trade blotters were prepared by Prop Reports. Court documents revealed many wire transfers to Penson. If they were faking the trades...

You're right, paying for "training" when you're actually getting an account where they mark up commissions seems like a convulted workaround of SEC broker-dealer rules. Although many complaints were filed against Team Trading with both the SEC and the NY Attorney General, it was mostly due to...

MoneyMatthew, Read the CBOE guide intently, and that includes EVERY LINE on every page, especially the bolded sections. I noticed you posted on the following thread, you may wish to review it again as it has many posts which you may find helpful...

snowrider, Given the recent swings in SPX, is it safe to interpret the past five down bars as "A" and today's snap back rally as "B" of Wave 4, which may last a few more days, followed by a "C" wave back down? The way I read the current pattern, the SPX falls below its current 50 day moving...

Team Trading recruited over 500 independent traders over three years as an unregistered firm, marked up commissions, and eventually closed shop without returning approximately $2 million dollars of trader deposits. So the basic questions a trader should ask if they wish to do business with...

That's good info to know. However, if profits are derived from trading, and not on a markup of commissions, then wouldn't the traders be considered employees, and not "members" as with most registered prop firms?

A direct quote from a trader's post on another thread, regarding Echo's LinkedIn profile: "You must be a US or BC Canada resident with an active Series 7 to trade with us."

Got it, thanks. However, I'm curious as to how you get the 960 target, and what is the scenario for it to occur this year? If it breaks 1,320 then perhaps it goes flatline to around 1,250-1,290 range during mid-summer (near mid-point of 5 wave pattern which began last October), before...

The questions to ask yourself are: 1. Can I stomach the volatility and drawdown while holding for target? 2. What is my ultimate stop if the trade goes wrong? See this thread for more info on VXX: http://www.elitetrader.com/vb/showthread.php?threadid=239213

You can search these boards for the offshore firms that don't require the exam, and know the risks vs. joining a U.S. based registered firm. What the op said is true, the exam study guides were incomplete and it required a lot of guesswork in taking the test in the beginning. Even if it...

Also, there are intangible benefits to having a Series 7 vs. a Series 56, especially if one is to pursue other avenues in the financial sector. In terms of how long firms have been around, Hold Brothers and Chimera both also have solid reputations and with 10+ years in the business.

Since you posted the commisson structure, one thing to note is that Echo debits the trader for the commission plus the ECN fee for taking liquidity on each trade, even if the trader ADDED liquidity. Echo then calculates the ECN rebates and credits the account the following month for the number...

Ok, thanks for the reply.

It has been posted on other threads that Bright changed its payout model from 100% to 80%. A CBSX prop will provide you with plenty of firm capital and pay you up to 99% (If you want to work in an office, there is a CBSX with an office in Chicago). Bright is of course a top notch firm...

snowrider, I am discussing the current waves with trader collegue regarding the S&P, and we have come to the following conclusion that Wave 5 of Wave 3 has completed, and the S&P is currently in Wave 4. I've also read and heard that Wave 4 of the larger pattern already occurred, however our...

:D ha ha, the volume is too big, they'd never let that happen. Nice one though.

Can you provide a link for the quote? The link in your post is from 2000.