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HungryMind1200 - no problem.

And what happened in 2014, the year of the World Cup? EWZ rallied 15 pts off the low, all the way through end of summer. I never said to wait for 2016. I said "my guess is their stock market will see a boost within the next year" and I mentioned the 2008 low could serve well as a bottom...

Consider all of your options before going forward. It's definitely a good idea to see what forms you signed and conditions you first agreed to when you started. You might be able to have your account disabled until the lock up expires if the firm is unwilling to modify the agreement, otherwise...

With the 2016 summer Olympics in Brazil, my guess is their stock market will see a boost within the next year as the country will see an influx of cash and media attention. The EWZ has a 12 month trailing yield of 3.92%. The problems of course are currency risk and business risk with Petrobras...

"Instead of making her roughly $1,300 monthly mortgage payment, she pays her lawyer $500 a month to represent her in court." Whoever is getting hosed, it certainly ain't the lawyer! :D

It's unheard of to get zero bp over your capital contribution, as it defeats the purpose of trading prop! Since you have "zero buying power" over your capital, and you can trade a maximum of 1,500 shares of a $6 stock, that implies $9k of equity. With that type of equity most firms will offer...

I don't quite understand the "$1.50 per fill" commission rate, so that's something you definitely want to investigate further. Usually you pay a flat rate per share plus ECN fees. Currently if you're paying $100 per day in commissions (not including your fixed costs) then your fees are around...

No, I got burned out daytrading stocks with prop, so I went back to retail for swing trading equities/ETFs and options, with an occasional daytrade on certain volatile days. I'm also doing the TopStep futures combine every so often, with the goal of learning the nuances of trading crude oil...

Interesting article, which includes the following paragraph: [The only details provided in the letter about the positions are that they included "options with strike prices pegged to the broader market increasing in value" and "some direct positions."] If he bet aggressively in options with...

I don't know of any CFTC example, however there is a thread where Suretrader (a Bahamas regulated broker/dealer) was required to notify the IRS of their U.S. based clients. You can read about it here: http://www.elitetrader.com/et/index.php?threads/be-careful-if-you-are-at-suretrader.288152/...

I think murotrading nailed it. The purpose of the WTS acquisition was twofold: the routes, and the education, both which improve revenue streams. Just ask any former WTS trader how many emails they have received from T3 regarding education. If a subgroup is managing their traders well, then...

I don't know about Surcaptrading, it seems like a competitor to TST. If you compare both programs, TST has a better overall structure. It's definitely not a scam, however TST doesn't reveal the stats of their live traders, other than a few pitches here and there. The live traders are not part...

Thanks. I just watched it yesterday, it was an interesting documentary, although obviously biased against the hedge fund firms. Rajaratnam's brother was acquitted, which shows insider trading is actually more difficult to prove than the Frontline documentary suggested...

Ya, this makes it difficult to get a trading "job" as most ads require programming skills and relevant work experience. Many also want advanced degrees. Search this site as a good resource, and you will notice very stringent qualifications to obtain a "real job" at a trading firm...

Fees (fixed cost and variable cost) add up when you daytrade, especially when you're licensed trader paying "professional" fees and jumping from stock to stock on a daily basis. The other issue is capitalization. $5k is an undercapitalized account. If you were getting 20x bp, or $100k in...

The sim is only $35 a month, and you can choose to have it as a separate account, with or without the combine. If you "blow up" the combine within the month, it ends up as a regular sim since it stays open until the end of the one month period. I know this since I recently hit my trailing max...

Take a look at AMP. $1k per lot for crude, $400 for ES, etc. http://www.ampfutures.com/trading-info/margins/

What exactly do you mean when you say you "got trapped" by the live trader preparation? I checked their site again, and found this link with the rules: http://help.topsteptrader.com/knowledgebase/articles/368244-funded-trader-preparation-rules The rules are exactly the same as the first 10...