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I believe Fidelity offers commission free trades on the IVV, which is the I-shares S&P 500 ETF that mimics the SPY.

There could be several reasons why the announcement was bullish for stocks, to name just a few: 1. Declining yields on the 10-year treasury after the fed announced they would keep interest rates next to zero until mid-2013, and no indication of more "QE" nonsense (thus far). 2. The fed...

Good to know. Has anyone ordered the manual from PassPerfect.com? The price difference is $99 for the CBOE vs. $150 from Pass Perfect, except I was told the manual from Pass Perfect is 400 pages!!! My guess is either manual will work to help pass the exam. Any feedback appreciated.

The Options Institute at CBOE will have a live online class on August 8th and 9th regarding the Series 56 exam review. It's $99 and in addition to the manual (which is also $99 as stated in the prior post). Here's the link for the contact info at CBOE...

Passperfect.com has the study guide available as of today for $150, which includes a 400 page book and practice exams. Not sure about the cost for the actual exam, however others have posted that it's around $200.

It seems like you know what must be fixed to turn around your net p&l, so it's just a matter of implementation. Given that you trade in an office, perhaps you could ask to sit next to the profitable trader and just observe their trading style for a few days?

"I can't stop overtrading." Yes you can! Read my prior post. One of the best ways is to NARROW DOWN your watchlist and wait patiently for the set up. Even with your commissions being lowered to $2/1,000 if you do not force yourself to eliminate the bad habit of stock jumping, your net...

Do you have a link for an archived webcast? Thanks.

That could be one solution. However, the CBSX prop firms did not sponsor for the Series 7, as it was not required by their SRO. In the regulatory circular that came out last November, the SEC gave the CBOE six months to come up with an exam, or they were going to require CBSX prop traders...

I agree regarding short side, especially when you get a stock that is selling off contrary to the market. It seems like you're still making gross profits, but commissions through overtrading bleed the gains. The numbers are key: Trading approximately 200k shares and making 1k gross means...

It's interesting that the SEC would waive Rule 15c3-1 and allow the trader to get back any locked up capital and quit the firm if they don't want to take the exam. Obviously the firms won't like this, and could spell trouble if they don't have the sufficient capital to maintain their...

There have been posts regarding this exam since last summer, you can do a search and find the threads. Not sure about the S7 waiver, however regarding the August 12th deadline, FINRA will probably open the 120 day exam window once a person gets registered, and give the same window for those...

It's good that you are doing your own research. You are correct in noting the difference between the prop firms who hire traders vs. those that allow traders to join with a capital contribution. However, some prop firms offer training for a fee, whereas others simply take in capital...

Good info, that's the best way for a trader to evaluate their strategy. Best of luck.

No need to pay so much for that particular set up through Samsung (although Samsung itself does make decent monitors). For stands, check these out... http://www.doublesight.com/product/?idx=46 http://www.planaronline.com/catalog/?cat=cbuaccessories&sub=lcd...

VERY suspicious. If you're going to charge a newbie 10 grand for "training", then you better show them what you got...in REAL TIME and post those trades as they come about. How else is a newbie supposed to learn? Charts always look great AFTER the fact.

The questions posted by the op are all excellent. Perhaps this will help (expanding a bit on what Don said)... First and foremost, ask the firm for the latest SEC focus report which they file annually, usually by March 1st for the prior fiscal year. Here's why: when you join a prop...

Even though you took a small loss, at least you stuck to your plan, which is what matters. FWIW, now BBY is up nearly 4 pts off the bottom, go figure.

You're absolutely right, and I completely agree. Firms should not be allowed to report any "pre-earnings" after market. It's just another way to force out stops, or to squeeze the shorts, in case of good news. Fortunately, RIMM is still a favored momentum stock, it has over $2 billion in...

In defense of "hajimow": http://www.rim.com/investors/events/ Earnings are not until June 16th, this was a "pre-earnings" warning they gave in AFTER-HOURS, the stock was halted, and then opened down 5 points on the next print. It's just another example of how a stock is manipulated...