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It’s unfortunate for traders that TUCO failed because looking at it they did provide a good deal for traders. TUCO had 100% payout, leverage of 15/20 to 1 and lower rates .005 to .01 than BRIGHT. For Mr. “Trader29” on 1 Million shares a month 1.TUCO at .005 is $5,000 vs 2. BRIGHT at...

Are we watching (SPURS vs. PISTIONS) finals? 87-81 That’s terrrrrrrrrrrible. First half of the first game halftime score was 51-46 I thought WOW this is going to be a great FINALS series. Defense Defense Defense. I guess this is NBA ball when two great teams actually play full speed in...

Them LAKERS down 0-2 need to win all three games at home in order to take the series back to Boston with at least a chance to win this thing. The Lakers are getting killed at the 3 spot with P. Pierce scoring and L.A. have no defense against him and no scoring at that spot with all those foreign...

Looks like after today’s announcement (June 9) of LEH needing to raise about 6 BILLION in new capital that my new favorite hedge guy was absolutely correct about LEH. Also he was dead on the money about ALD even thought as we all know by now it takes time for truth to catch-up to the stock...

If you look at B. Celtics front line (Pierce, Garnett, Perkins) they are as good as any in the NBA. If Perkins can rebound and score some cheap baskets that will certainly help the Celtics in winning this series. The Lakers bench is sooooo much better than Celtics this will help at least...

The book “Shark Investing” should definitely be read first before joining website. It is insightful about how to combine Technical Analyst, Chart Reading and Growth Investing into one system and how to trade around the “WHALES”. Read it two weeks back: interesting how he uses Charts...

D. Pistons and S.A. Spurs are the exact same team. Both play outstanding defense and are terrrrrrrrrible on offense. D. Pistons screw it up again in the Conference Finals. They have 6 straight Conference Finals with only one NBA ring. terrrrrrrrible that is. At least this year’s FINAL SERIES...

To stay on the topic of the thread here is a question to ask for those whom have traded “PROP” or are currently trading today. “What is/was the amount of money your PROP firm charges you every month.” Including both commission cost and other fees whatever they might be. Mr...

It’s interesting and also FWIW I think that one of those T.V. stock market program companies also teach the opening orders strategy. As someone was telling me about how he makes money on the opening every morning after taking one of those courses and then goes to work the rest of the day...

Hey PTF let me throw another question your way that has to do with running a hedge/mutual fund that has me somewhat upset. What drives you more crazy having to deal with clients or investors in the fund or employees who work for you at your fund? I ask since we hired someone new to help me...

The LAKERS clearly have the most talent of any team left in the 2008 Playoffs. The SPURS are just so old and slow especially the bench with players like R. Horry, M. Finley and one of the Barry brothers. How the hell does one player get 21 boards in one game, the SPURS have no one else that...

It is interesting that giving the choices of best way to obtain more trading capital the three best would include: 1. go to PROP firm 2. borrow from financial institution 3. borrow from friends The one you chose Profittakingfool was number 3. Those three options are available to most...

This is WHY there try's to be a distinction between a PROFESSIONAL TRADER and a RETAIL TRADER. The PRO guys understand leverage, can mange it and if they lose can accept that fact. With that said, do pros blow up yes (BSC), hedge funds yes long list no doubt. The beauty of the $5,000 down...

Nothing against you Warrior4g but it goes like this: Deal #1 Trader has his $10,000 at a Retail shop (E-trade, Scottrade, etc.) or (IBKR or TRAD). This trader can’t day trade (PDT rule) and only gets 2:1 leverage (REG T) that’s IF a margin agreement was signed. Not a lot of trades...

Sir Larry I do hope that these Sub-LLC firms can continue to operate it gives trader with limited funds a change to play the stock market. What concerns me is are these arrangements legal. If trader has his $10,000 at a retail brokerage he is subject to both REG T and PDT rules. No day trading...

Only way trader can get leverage higher than 4:1 is too become a “Professional Trader” at least this is what the SEC has said repeatedly. Trader gets series 7, becomes member of Day Trading Firm, becomes member of exchange. Since Day Trading Firm is member of exchange and SRO overrules the...

A question now if of PENSON FINANCIAL. What did they know and when did they know it. Was PENSON aware that Tuco was not registered as a B/D and should have been? However, PENSON FINANCIAL did clear trades and was making money from Tuco. Should clearing firms like PENSON be allowed to...

What we have learned is that all of these SUB-LLC are technically breaking SEC rules but continue to exist b/c : 1.the PROP FIRMS owners are making money from commissions charges to its traders and 2.traders are able to trade with little money down and low low commish rate. So far...

All these non-registered Prop firms are doing business illegally by providing traders with a leverage rate greater than 4:1. I would hope the SEC gives these firms a change to register as B/D, if they do not they must shut down. If a firm like Tuco would be given a chance to register maybe it...

It appears that the rules states that retail investors are limited to leverage or buying power of up to 4:1 only. Many traders have been extended higher limits by these Prop firms that were unregister and also avoided having traders pass the Series 7. The Professional Prop firms are the...