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Dude honestly you obviously don't listen to the Squawk, lol. The owners themselves have mentioned this, I just repeated it here. It's not "trivial" since you have to compare it to the opening of a retail account, where you have to START with equity with placing your own capital. My guess is...

Ah, good catch. Looks like they would have to go bankrupt first, and then you're in line for getting paid by the trustee. "In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SIPC."

Obviously you don't follow AAPL or its numbers, lol. I've been trading this stock since 2005. Do you know how many times AAPL has missed the quarter and saw its stock dump? They've had many disappointments, and several times where the company's stock took over a 20% draw (a signal of a bear...

Actually, the article mentions the following: "Last year, when he was the subject of a profile in Bloomberg Markets magazine, CIS said that in a decade of day trading, mostly from a spare bedroom in a rented apartment, he had amassed a fortune of about $150 million. At the time, he shared tax...

True, but the article also argues that most of the trades were sub-100 share prints, suggesting these were "mom and pop" investors who either had bids to buy or stops in place to sell at market. What's interesting is Rule 48, explained in the article... "Because of the chaos of Friday’s...

If you're willing to get your license (currently the Series 56), then you'll find a host of U.S. registered prop firms that will give you 20:1 with $5k. Regarding the $5k being "refundable" it's locked up for a year as per SEC rules. However, you'll need at least that much just to cover your...

I never said it would go "up and up and up" forever, I said it would go up "UP over time" and given it's a very heavily owned stock by the institutions and also owned by a large retail base, the bias is UP after the nearly 40% draw. Of course one may want to take profits at anytime on any...

Interesting post. TD offers two ways to "cash sweep" your funds, through FDIC or SIPC. Since SIPC offers $500k/total (of which $250k can be cash), vs. $250k total in FDIC, it seems the SIPC sweep is the better option of the two in case the b/d fails...

There's lots of stuff online, check it out. http://advisors4advisors.com/technology/advisor-applications http://www.riainabox.com/rushmore-advisor-services http://www.ria-compliance.com/ https://www.ncsonline.com/wp/solutions/registered-investment-adviser-services-and-solutions/

Speaking of Don Bright, I just read Baron's post. It's very unfortunate, Don Bright was always a straight shooter, and as Baron stated he was a pioneer in the prop industry. http://www.elitetrader.com/et/index.php?threads/r-i-p-don-bright.293892/

If one thinks they're going to make money with a PIKER account, then I fully agree, it's desperation. Keep in mind, however, that newbie traders who aren't well versed in all of the nuances of the prop world will buy into the fantasy that you can take a small account and turn it into a large...

Read Pekelo's post again regarding "swing trading." If you follow Al Brooks, then you'd know that a "swing trade" is daytrader parlance for holding a position for several HOURS, not overnight. But I can see how the language was misinterpreted. Here's the quote (emphasis in bold): "If I am a...

1. ALL phases should be similar, combine, LTP and live. Remember, the key phase is the live account, days 1-10. That has the additional WEEKLY loss limit AND the scale up rules. This was addressed by some posts in the Big Mike forum in the link you posted. Currently, the combine has neither...

Ya, I think it depends on their structure. Many are based offshore (Cayman Islands), however if the manager of the fund is based in the U.S. then he pays U.S. tax rates. I think the loophole is regarding the carried interest portion of the fund. The manager gets the 2% of AUM (which is taxed...

NUGT will most likely spike after it reverse splits 1 for 10 on September 10th, when the float is severely reduced by 90% and shorts scramble to cover. Stay tuned...

As long as AAPL remains the heaviest weighted stock in the Nasdaq/S&P plus one of the higher priced stocks in the Dow (which is price weighted), it will have buying pressure, causing the stock to go UP over time, especially if it announces stellar earnings for Q4. There are two sides of every...

Pekelo, Since it's a backed account, having a "zero" starting balance makes sense. It is actually an effective way to see where you stand after the close of each day. If you reach the daily loss or the max allowable draw from the "zero" (starting) balance, you lose. If you are able to...

I think the incentive is you keep 100% of the profits up to the first $5,000, and it then switches to the 80/20 model. Every change TST makes seems favorable to the trader. If you are profitable with TST, then you are getting an account with zero maintenance margin and virtually unlimited...

The double long index ETF is ok IF it's a trending market (examples: SSO, QLD). However, I would NOT trust the triple longs/shorts, given the time decay. The gold ETF miners (JNUG/NUGT) just announced yet ANOTHER reverse split as of September 10th. Watch for a pop as the market sheds a large...

Complacency with margin players. $475 BILLION in margin debt according to NYSE data as of May 2015, highest in history. China had significant margin holders as well, with the Shanghai up over 140% in a few years. Margin loans are "callable" at ANYTIME and my guess is they got called.