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I doubt the the SEC had the intention of having most of the traders daytrading licensed. The Series 7 is intended for a stockbroker not a trader. It has little to do with what counts in making money as a trader. Most of the pro firms though are smart enough to know that they are a loophole...

The material is time sensitive. Don't try to save a few bucks by having out of date material. Don't forget questions like. Can a registered rep do this.....?? ......... (usually no) Can the SEC do this......?......... (usually yes) rtharp

Gene I tried to reply to your email but for some reason it is coming back to me as unsendable. I am having to use Yahoo as I'm traveling right now. I will return on the 9th and reply then (on my own server which should accept the email can you email me a different email address?)...

rtstrading There is a thread on my message board about Tradestation being fully automated. A trader built in a macro to check every 20 seconds to see if the program was asking you to accept the trade and it would click yes. That's 100% automated. First alert that Trader Jim posted is...

If you have less than $500.00 minimum definitely don't trade. The cost of commissions alone will kill you. Plus most of the top traders I know can do on average of about 60-150% return. 100% return (this is for top level traders that takes years of study to reach) would double your...

Hey Here is my screen shot. I will try to repost it on my site later as it takes over 3 screens http://communities.msn.com/Rtharpsland&naventryid=161 rtharp

I have attended a Tony Oz seminar that was very worthwhile and eye opening. He is a great trader. The Stock Trader How I trade for a living. IS absolutely incredible. Worth every penny. rtharp

LOL Hey be nice guys. Feels like you want blood. rtharp

Why can Echo do this and not IB Easy they are a professional firm. They are not being held under Regulation T which is why professional firms started. IB can't do this because they don't require a 7. They are both LLC's but Echo is one of the 13 firms who are professional...

I can also add to the above post that I have the same info with Echo. Don't trade for a few months if you don't see the opportunity, trade only 100 lots if you want. rtharp

sorry this is kinda jumbled but I am answering all the posts above and am tired/drunk from the night. I'll edit this post later when my head is clear. Huby yes that might be a possibility. I'd like knowing I have the capital to use if something bizarre is there. Think of it as best...

I searched and searched for the thread but couldn't find it so first my apologies to others for repeating this but someone asked. I got interested with professional firms due to the margin. When I test systems that have positive expectancy I can usually make a much higher return when I...

One of the reasons I left the floor is I saw that the market was moving electronic so I agree. The question is when??? I seem to hear that every year but no change. If you want a backer it will usually take at least 6 months for some others to notice you. Talk to the traders who have been...

I was with DT trading(213 is the clearing #) in the 30 Year Bond Option Pit for 8 months. Than became a independent clerk for the 30 yr Bond Pit working for Laurence Bonefitto 454. If you are having trouble getting a job go to Lind Waldock. There test for hiring is "Can you fog a mirror?"...

To address thread for hitman on different specialist some do headfakes others just post what they truely have. It depends on the specialist. I'll find the link for the bullets thread and link it in here: (when I get some time) The reason for bullets is if the market is truely in...

Just a quick reply as I'm busy trend following/ and longer term systems it's usually best to scale in and trail a stop When I traded EMLX in 99 I scaled in all the time with a stop that trailed it. I made a killing with it. anti--trend systems/ and range it is ususally best...

The World give a human being what they truely want. Problem most of the people in this world are holding so much baggage about their past that they never try to succeed. I like to believe anyone can be successful if they truely put their heart and soul into it. All humans are created equal...

Yes rtharp

Overall --my 2 cents............ activity and volume makes for better trading. Let the NYSE participate. rtharp

That used to be the norm. Can you imagine paying $8000 to buy a stock than sell it 6 months later and it cost you $9000 more because it went up a few grand. Let's just say I got out of the industry rather quickly...