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Ya, Bright is a good firm that allows for overnights, although he requires a much higher capital contribution than the other Series 56 firms, and from what I recall charges higher rates in commissions.

You may want to look into a scanner that gives you alerts based on specific criteria, such as volume triggers on stocks with small floats, for example. Check out MadScan (MadScan.com), I've used their scanner in the past and it's good. They have a free version and pro version as well. Most of...

Try MBTrading, Speedtrader, and Trade King, to name a few. Think Or Swim has one of the best platforms in my opinion.

TST has clarified the "scaling up" issue that was discussed endlessly on this thread. No need to scroll back through all the posts. It's good that they are being transparent about this issue. See the chart on the link...

Ya, like I said, it all depends on the firm and the compliance officer's discretion regarding outside accounts.

It's not about having the money "immediately available", as that's a side issue. If you are trading BOTH accounts, then there should be a key distinction on the strategy of the retail account vs. the prop account. In other words, since you are daytrading the prop account, then the trades in...

First, if you have 2 accounts (retail and prop), then the prop is going to want to have your monthly statements of the retail account. I had to do this when I first traded prop, as I had a retail account with TD Ameritrade and had to provide "additional party notification" on that account to...

You cannot have outside investors when you have your license up with a Series 56, due to AML rules (anti money laundering). The money you put up with the prop firm that's holding your license must be your OWN money, and my recollection of the contract specifically states that you cannot have...

Probably through a hedge fund structure, however it's doubtful any such firm would advertise here on ET to solicit traders. It's a good thought, as swing/position trading this market is working well. 100 S&P points down in July, then up in August, which equates to 5k on 1 lot each side, with...

Ok, so I was incorrect about ES/NQ/YM. Looks like you CAN play the FOMC using those instruments (for now).

My understanding of the rules is that you should avoid the specific "red star news" that relates to a specific instrument. For example, if crude inventories are going to be released in 5 min, then flatten your CL trade, and wait for the release before placing another CL trade. On Fed days, the...

It's not that they don't have the "ability to find traders." There is little margin for error in the combine if you take a draw. A Jr. Trader gets sent back to sim below the starting "zero" balance and if any rule is violated at anytime, and a Sr. Trader also cannot take a draw below the...

Excellent, best of luck.

Yes, you're making a distinction between "actively funded" vs. "once funded", or in your third example, "twice funded." It's like Facebook claiming "1 billion user accounts." That of course doesn't mean they have 1 billion ACTIVE accounts, only that 1 billion users have registered for an...

The email makes no distinction between funded traders who remain Jr Traders vs. those who have made Senior Trader, so it's anyone's guess as to how many "can still make profit for TST" since only Senior Traders can qualify for withdrawals. However, if a Jr Trader pays a markup in commissions...

Read the CBOE study guide from front to back, every page and all of the regulations. As I recall, there weren't many options questions. I'm sure they have kept updating the manual over the past few years, however my guess is the exam is still heavy on regulations/compliance and light on options.

"2-3 weeks I was told." Did they give you funding? You obviously proved that you can pass the combine, even with Jr Trader rules.

That logic is absurd. It isn't "naive and stupid" to partake in any business opportunity that one has properly analyzed. Each trader is capable to evaluate their own situation and review their own performance metrics, and eventually decides whether trading a combine with TST is or isn't for them.

1. No, I was not questioning the existence of a profit target. My reference was to traders who are ALREADY backed, meaning they have passed the combine and are trading a live account. The Jr Trader phase has no time limit to reach the profit target. My point was that the backer makes an...

The 10 day combine at 55% requires no more than FOUR losing days, so it's actually rounded up to 60% win rate, so my guess is the 45% is actually 5 win days like you mentioned. The 20 day has perfect math, since 55% of 20 is 11, with up to 9 losing days. A scratch trade with $0 P&L just ends up...