Search results

True, you can set up a sim for a much smaller fee vs. the combine. One strategy is to use the same combine rules in the sim and see if you can reach the objectives. Of course the downside is you could have done the same thing in the combine and reached funded status faster. Also you are more...

GLD bounced off the November 2014 low, around the 110 area. FOMC rate decision and further volatility in the S&P could spike gold up from this level. However if it drops below the November low then the 1,000 area probably looks good for entry, or 100 for GLD.

Ya, it's very easy to lose a few hundred on crude within a minute or two. There is very little margin for error in the TST program, however it's a way to build discipline for a small fee.

TST announced several new funded traders, however this caught my attention: "Funded Trader Shout-Out: bmoore just cashed a check and has a 4 week win streak going!" If you can pass the combine and make it through the first 10 days of the live account with a positive balance and maintain the...

The problem with equities is unless you are taking size with just a few trades, you end up jumping around too many stocks while scalping to find the "runner" of the day, thus bleeding your equity through commissions. Regarding "ticks" you're referring to futures, and I think if you're going...

I agree "they can afford to provide a lower rate" since rates on commissions are negotiable. The op can either renegotiate his rate, or at least minimize his commissions by adding liquidity by using limit orders on his 100k-200k shares per month. The platform (Fusion) is still owned by WTS, so...

I used to, however I'm not trading at a prop firm anymore, only retail, and more swing than scalp.

And just to follow up, if you trade 150k shares a month on average, and a current cost of around $1,500 to trade them, it means you require just one penny net on those shares to breakeven for the month. If you start to add liquidity on those shares, then you can accelerate your equity curve by...

The phrase "fair enough" is subjective if you're not familiar with what others pay for the same service. So let's just take what you're paying and see if you think it's "fair." Take the average of your monthly shares, lets' say it's around 150k. .0045/thousand on those shares, so multiply...

No, I had hot keys set for EDGX, BATS, NASDAQ and ARCA, and it was good enough.

If you're trading stocks/ETFs with lots of volume and liquidity, then routes aren't really a big deal. When I traded prop I set up just a few routes via hot keys and the fills were fine. Just use the big ones you mentioned. If you have a certain strategy to route to specific exchanges to get...

Calculate the number of shares you will be trading per month, and the amount of the commission on a per share basis vs. per trade basis, and if the retail account has a minimum per order ticket charge. With prop, you have to also consider the costs of taking liquidity each time you place a...

They want the dow at 20k. If they keep taking lower priced stocks out and adding higher price stocks (since the dow is price weighted), then we'll see dow 20k and higher if AAPL keeps having blowout quarterly results.

True, only va01us has liquid assets of his investments at stake. But he's the one who posted here, with quite vague details, and is asking for feedback. Perhaps it's possible that others may also be seeking relief from the firm, and if they found this blog/link via internet search if he named...

"Sure, I could easily get a list of prop shops from off ET or Google and call these guys and talk to them. But, I don't want to talk to them. I don't need to hear their pitch and I don't wish to chat on the phone, or leave a call back number." How do you expect to do business with any firm with...

Your posts are a bit confusing. Is it a prop firm or a hedge fund? If it's a prop firm that is a registered b/d, then you can file a complaint with SEC and FINRA, and/or the SRO of the firm. Did you put up a deposit, or did you invest as a partner in the LLC or LP? What is the structure of...

If a lawsuit was filed in civil court and the judge did not seal it, then it's a matter of public record. The filer of the lawsuit does not have to post his public opinion of the matter regarding the allegations or the character(s) of the defendant(s). The court will decide the case on the...

Yes, of course that is correct. Perhaps I wasn't clear, I was referring to the 1099 as just an example of proof. Obviously you would require the actual spreadsheet of the trading P&L to back that up.

Very valid points and good analysis. However, I don't think anyone should look at at "$50,000 account" as having $50k of equity, so you cannot really use the 1% to 2% example of risk per trade of equity, since that is not the real equity you are getting in the live account. The "equity" is the...

Actually, you cannot lost that $10,000 AND an additional $2,000, since after the 10th trading day on a funded account, if you are positive, then the rules specify that the account cannot go back to a "$0 balance." In other words, you cannot go beyond what you have built up in the cushion...