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Pekelo, Crispy left for the following reason, as quoted below: "But avg pnl per car was still small. I would need to swing 100 cars per trade to realistically re-create the income I need to make a full go at it." It's already been discussed that for the live account to be effective, you need...

I've never had issues that weren't resolved promptly with TOS. Their chat reps have been very helpful over the years. I wanted to customize a technical indicator, and I'm not well versed in writing scripts. A rep even called me to discuss it, and then sent me an email with the script the next...

SDS has a horrible inverse correlation of the S&P, except if you're day trading ONLY. SSO is good in a raging bull market, as we've had for many years now. However, that 2x leveraged ETF will lose value very quickly when the market drops. Trading 500 shares of SPY is equivalent of the move in...

The search should have brought up the list. Anyways, in no particular order: T3 Chimera Securities Avatar Securities Bright Trading Quasar Trading Hold Brothers Capital Great Point Capital The above are U.S. registered firms that require a license and a capital contribution (Chimera takes...

Limit orders (buy and sell side) will add liquidity and get you the ECN rebates, depending on the platform and routes they use. Regarding flattening trades by EOD, that's usually how it works. Regarding overnights, T3 obviously has traders who hold overnight, because the amounts at end of...

The lower gap (from the last earnings report) has now filled. Watch and see if buyers step up in this area, they have a second chance entry from the last earnings.

Keep in mind that if you're removing liquidity on most trades by selling at the bid or buying at the offer, then as a general rule, you can expect add another $2 to $3 per 1,000 on that rate in commissions. That will put your true commissions at around $5 to $10 per 1,000. So for example, a...

Nice going on the combine. Yes, the true value of the TST opportunity is on the back end, in order to trade size without any risk of capital, while also maintaining the ability to trade within a structured environment.

1. Maintain one account for long term investing, and play the long side only when the market makes a draw. Do not try to pick the top of the index for the fade, it's a sucker's play, and I've been the sucker too many times, lol! Sure, you may score once in awhile and make a quick gain...

Just for clarification, I am not aware of the actual specifics of the backer's account. I recently spoke to a trader who used to work the back office in a prop firm. He said if the backer has the "master" account and several traders, the backer could face possible maintenance risk. A prop...

Right, although the firm may have partnership agreements with its partner(s), the trader is a member of the LLC and signs an operating agreement.

You may want to look into Great Point Capital. A trading buddy of mine mentioned them as a good firm to trade with awhile back, although I don't have personal experience with them. However they are a FINRA firm and require a Series 55 and Series 62, instead of the standard Series 56. From...

It's a partnership, structured similar to a hedge fund, with various members of the partnership. Traders are limited members and receive K-1 statements for tax purposes. And as dealmaker stated, negotiate the 20% cut. If a firm thinks you are a newbie who hasn't done any due diligence, then...

Ok thanks for clarifying. Yes, at some firms the traders are "Class C" and the branch offices (trading groups) are "Class B" members.

When you join a registered firm, the business arrangement is this: 1. You become a "Class B" member of that firm, which means you are not an owner and do not have any voting interest. 2. You place a capital contribution with the firm (usually around 5k or more) and use firm capital to trade...

Sure, the passing of the combine is the first and necessary step, but is not relevant in terms of taking a check. Ask any trader who passed the combine if that was their ultimate goal. Your example of the 16 trades in the 150k combine using those r/r parameters works as long as you don't have...

That example sounds reasonable, however you also have to allocate for the draw! What is the objective on the days where you take profits? Same 20 tick gains on 3 lots? And remember, the daily cannot be $750 if you trade each day, since there is a weekly of $3k, or $600/day, which reduces the...

Scroll down to "Funded Account" and you'll see the added weekly loss limits, which of course reduces the daily. https://www.topsteptrader.com/learnmore You have missed the point regarding the "catch-22" since there are traders who will pass the combine and THEN come to the realization of the...

I'm in agreement here with you, and that is why I said unless you have at LEAST a $3k to $5k cushion built up, the chances of survival in the live account beyond the 10th day are slim. I think even that is a low amount. You had stated a 15k cushion before making withdrawals. My guess is live...

Do this, call up a futures firm and ask them this direct question: "How much daytrade margin do I have to put up to trade 3 lots of crude AND have enough cushion for a $1500 total drawdown?" Since you mentioned AMP, the actual amount to trade in the above example is $4,500. $1,000 is per lot...