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    Uptick rule

    Yes I agree 100%, now it happens almost every day (certainly did last several mos of 2007) stocks on nothing plunge over 5% then rally right back up making a high. Where is the logic in that? A stock drops 5% then goes back up more than 5% all within less than an hour? This type of movement...
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    Suggested Charting Software

    heard meta was good for currency. they have a dedicated pltform purely for FX. But it seems all around TradeStation is a great way to go as you can do it ALL there: Futures, FX, Stocks, Options in addition to Charting that is excellent like the others. BUt Trade is also a broker so you don't...
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    Suggested Charting Software

    yes I've heard MetaStock pro is also good. Seems like he is right it is a religious debate as they are all good.
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    Ok Guys-here's The Deal With Prop

    Well there it is this is where it seems to be going. I won't be surprised if you will need BOTH a Series 7 and 25k+ to trade at a Prop Shop eventually (you would have nice leverage). But for sure at a retail account according to SEC rules you need 25K minimum and that guy is right really it...
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    Suggested Charting Software

    No secret answer here: eSignal, Tradestation seem to be the market leaders here.
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    Is the Bright Training worth it?

    I think Bright is a stand-up guy. He is not duping anyone and is upfront. But it seems like the fees are excessive ($200 monthly desk fees, expensive commisions) in addition to around 3K for Training not including travel and lodging. My question is the Training worth it? The Boot Camp? I'm...
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    Bright trading and any thoughts

    What firm do you trade through Swiftmike? I spoke with Don Bright and he seems like what you say; totally legit, upfront, and not scamming anyone (except of fees). He is NOT a crook. But Bright's fees seem out of control. A newbie would wipe out after a few months just on fees alone. I was...
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    Ok Guys-here's The Deal With Prop

    Yes it can very well happend that the pikers at the SEC say "everyone has to have a minimum of 25K in order to trade more than 3 trades per day." Newsflash: they already did and the Prop Shops found a way around it and now the SEC is recracking down on them after tuco. I won'y be surprised if...
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    Monthly Charges or fees, Looking for a referral

    As you are Liscended you will have to pay Professional Fees to the various exchanges (NYSE, AMEX, NDAQ). The trading firm gets none of this as this goes to the variuos exchanges. This will be about $150-$275 per month. No way around this. Nice how they ream you b/c you have a Series 7 and are a...
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    Tuco not an anomaly

    Get a clue guys: assuming the SEC doesn't shut down this aspect of the industry altogther, it seems we will ALL be forced to have Series 7 Liscenses, have a MINIMUM of $25K in an account to be considered Pattern Day Traders in order to continue trading.
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    Uptick rule

    yes it does mean the deathblow for people investing the Program Trading. No question about that. But the Program Trading is not primarily the big voltatile swings but the cause for choppy directionless markets as this is where the program trades make most thier $$. I hate to say it but in 5...
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    Assent Sub-LLC

    YES as I said (read my first post) Assent and the others DO OFFER A DISCOUNT (am I clear enough?) on eSignal. So you can save a few bucks on eSignal. eSignal (I have never used) ties itself to many trading execution platforms. Why bother with a sub-LLC? why not just trade for Assent (then...
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    Uptick rule

    guys the Uptick rule ws eliminated for one reason and one reason only: from lobbying of Wall St. Trading Desks and large Hedge Funds so they can better implement Program Alogrymic Trading. Uptick rule has noting to do with the economy or the value of TGT or GM stock or how many cars people buy...
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    Assent Sub-LLC

    For sure you and any traders underneath you have to pay their own eSignal costs. ESginal is a 3rd party independent company and Assent does not give this to you for free as they pay for it as well. In fact Assent and the others offer a discount to eSignal. But you and your traders pay your own...
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    LOL. The SEC Wants to Stop Y'all From Spreading Nasty Rumors About Lehman

    this is such a joke. The SEC is investigating this? So now Freedom of Speech is against the law. What the other guy said is right what about investigating ALL those 'buyout' rumors last year that happen in every bull market? Or investigating bogus accounting that EVERY wall st firm uses? Or the...
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    Holy UBS Batman!!

    for sure sold as 'good as a money market' but with more interest (as if there would be no more risk). Hopefulyl UBS has a run on them and these losers get the screw like BSC as they deserve it.
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    Dilema

    ok fair enough
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    Starting a legit prop firm

    that guy is right he named all the biggest and best Prop Firms: Assent, Hold Bros, and Bright. I believe they want a minimum of 20K.
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    Looking for a partner. You need to read this.

    yeah come to ET to find idiots to pull a front running scam. I would sooner send my banck account # to kenya. too funny! if this clown was so good he would not have to come onto ET to find 500K. Why not make it 5000000000000000K MR Bean?
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    Direct Access Brokers who manage risk?

    Maverick made a good point reagrding his ratio. It is like Venture Capital they lose on 80% of their investments and make up the rest on 20% of them (horrible ratio). the best baseball players have maybe .33 average (33%). You would be in the Hall of Fame with that what sounds like a horrific...
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