Search results

I don't believe "everyone will miss it" if they simply go through the site and read the FAQ's. If there is still uncertainty after reviewing the site and FAQ's, TST provides a phone number, email, and live Q&A session as well. A simple analysis is as follows: They're charging $150/month to...

If you are not required to make up for the losses after being sent back to the combine and make it back to a live status, then that's definitely in favor of the trader. My guess is this must be on a case-by-case basis, and based on the incoming revenues generated by TST vs. the amount of losses...

Hi Maverick, Yes, it's for 30 days, but one simple email and they will renew it. After all, they want you to open an account, lol! Regarding the membership, it's not a recurring $150 monthly charge? If the fixed total cost is $200 or so, that's reasonable. However, that was not the...

Removed that the request of the poster.

It takes awhile after a firm files its BDW (broker dealer withdrawal) notice, as they have to comply with a final audit by their SRO. So it is more likely to get your funds returned if they cease operations. Many of the former Team Trading clients are still waiting, not to mention Element's...

$200 monthly desk fee is 10% of your capital contribution. In 2 months, you're down 20%, in 5 months, you're down 50%. Add this to your daily commissions, your max daily drawdown, and monthly platform/data fees, and you can see that $2,000 capital contribution is unlikely to last long...

The list clearly contains a disclaimer: "This outline is meant to compliment your reading material and not to be used as a supplement." The outline seems fairly accurate, however I don't see how it's possible to simply study this outline and pass with a 70. In other words, there's no...

From my understanding a US citizen can "go offshore" by setting up an IBC (International Business Corporation), which may require hiring an attorney to file the necessary legal documents in the respective country. In terms of risk, there is no prop firm that is without risk, domestic or...

lol, so true. It was noted on various threads regarding the amount of FB shares available to be sold to the public (read: suckers). The "existing stockholders" (read: insiders), including Bono, got the shares at an average price per share of $1.11 (see prospectus, page 41). The...

Not sure about the renewal fee. The 56 lasts for two years since the day you pass. If you leave a firm, they will "U5" you which means you are free to join a firm later on, and go through the "U4" process again, without having to take the exam, as long as the license is active.

Totally agreed. Jerry Yang (former CEO) had a chance to sell Yahoo to Mr. Softie for 31/share back in 2008, representing an approximate FIFTY SIX PERCENT premium from then current stock price of around 20/share, yet he and the board rejected the offer. Steve Ballmer even raised it to 33, but...

I do believe filings have some merit, but like you said PFG was doing well and look what happened. Things can turn on a dime in this business as you already know.

I do agree that there were several great entries if you're a countertrend trader. The SPY gapped UP, then failed hard when Uncle Ben began to testify, only to rally off the bottom and break high of day. So you either found an entry and faded the top or caught the falling knife and waited...

Hi Mav, "going under" is perhaps an overstatement. According to FINRA's broker check, FNYS is listed as "active". In their latest SEC filings, FNYS listed 4 billion in assets, 90 million in member's equity, and lease agreements through 2015, certainly things that suggest that a firm is not...

What's interesting is the stock is being initiated with "buy" ratings as it trades above $30/share, perhaps giving hope to those who bought the IPO. However, the "lock up" of shares begin to expire 91 days after the prospectus was made available. The insiders will once again sell their...

Some past threads regarding VXX: http://www.elitetrader.com/vb/showthread.php?threadid=239213 http://www.elitetrader.com/vb/showthread.php?threadid=240342&perpage=6&pagenumber=1 Regarding the question of whether it "cannot go to 0", Barclays can announce a 1 for 4 reverse split anytime...

Quasar has it, they offer a demo as well. http://quasartrader.com/index-4.html ps: like the op, I also have no affiliation with the firm, do your own due diligence.

Check this link, it has a lot of info regarding the rules for an RIA: http://www.ria-compliance-consultants.com/faq_investment_advisor_registration.html

When you join a prop firm, you're making a "capital contribution" which becomes firm capital. The prop uses it for net capital requirements at their clearing firm, and give you buying power that far exceeds retail pattern day trader Reg T margin (which is capped at 4 to 1 for customer...

When you trade the S&P Emini, usually the broker will auto liquidate you at a specific percentage of your account value. For example, AMP will auto liquidate at 80%. However, there is a difference between the amounts required to open a contract and to hold a contract beyond one session.