Search results

Sure, that makes sense IF the trader is already profitable in their AMP account. However if that's the case, then they have no reason to pass a TST combine and give away 35% of profits on the next 30k of gains, since they could keep 100% if they made the same trades in their AMP account, while...

Ok, I see your point. However I think what happens is traders take higher risks in the combine in order to meet the metrics, and then once they reach Jr Trader, they do not modify the trading style ("scaling-in" up or down), and thus end up back in sim. I think it is difficult to use Jr...

The backer makes 40% off the first 15k on a live trader, regardless of time. Since the live traders provide a cash flow stream to the backer, it should not matter if Trader A takes longer to achieve the same profit as Trader B. Also, the backer still gets the markup of exchange fees and...

Correction: austinp traded the 50k combine, which requires $500 in net P&L before scaling up in the Jr Trader account, not $1,000.

You will not find JC trading in the SEC.gov site. I believe they are a sub-group of WTS Proprietary Trading, LLC. You can check WTS on the SEC site, since they are a registered broker-dealer. So although you can trade with JC, you're still going through WTS. However, check with both firms to...

I'm not sure about if IB will negotiate a rate similar to prop. I do recall speaking with Speedtrader (retail broker) awhile back, and they mentioned a negotiated rate which was lower than retail, however they also required a Series 55 and Series 7 license.

Yes, I think those who follow this thread and have a thorough understanding of the rules will agree with #3. Passing the combine is NOT the most important step, it's passing the Jr Trader phase (whether or not one has to take the LTP). Having a continuous combine is a good thing, as it...

"2-in and 3-in scaled entries as price moves in favor directionally." It has been mentioned repeatedly that there are ADDITIONAL rules to follow if you pass the combine. Specifically, the "no scaling down" and "no scaling up" rules. So even if you were to pass the combine by scaling up, you...

If you're looking for a domestic (U.S.) firm, then one way to determine the risk of default is to view their annual focus reports that are filed with SEC, where you can see their capital structure and the amount of equity the firm has on its books. You can go to SEC.gov and search by name of...

My guess is you are probably making the same mistakes, and the easiest way to identify them is by writing down the trade (reason for entry/exit and target/stop). You can raise your awareness level of the bad trades by writing in the journal and reviewing them daily, and of course it will also...

IAG was a good one, from $3 to $4 in less than 10 days, or a 33% return. Like I said, easy money made off the bottom. GDX and GDXJ both do well on a gold rally, that way you have the group of miners and won't have to pick the "strongest" ones. If you're really gutsy, then take a look into...

Lots of easy money already made off the bottom, with both the mining stocks and ETFs. If gold has a summer rally and retraces back to the 1,290 level, then the miners should keep going up. They seem extremely oversold on a longer term chart.

There are lots of free sites where you can check for premarket gainers/losers, but they include everything. Traders want quick access to pertinent information only. Example: Nasdaq 100 premarket gainers/losers, filtered by volume and price. Also, you'd be surprised many retail platforms...

You can buy the DoubleSight Display Triple Monitor Stand and a Tier Extension for your top 2 monitors. These stands are very durable, check it out... http://www.doublesight.com/product/detail/103.html

You are only communicating HALF of the equation. Of course, the trader is responsible for the LOSSES in his retail account and his funded account of whatever equity he has built up. Take the example of the Series 56 prop equities trader vs. the retail pattern day trader ("PDT"). The prop...

Maverick, I provided Pekelo's example above regarding true account size. I come from the equities world, so I'm not that well versed on all of the daytrade margin rules for all futures products. However, his logic seems reasonable. Now, the only caveat here is the TST rules...

If you're going to use TST for funding, then the MAIN reason you do it is to trade with a lower capital outlay than trading in your own retail account, with the expectation that you will eventually scale up. You have to justify why you are paying the 35% haircut on the first 30 grand of...

It makes a huge difference between making the profit objective of $1,500 vs. the $15k buffer before you can negotiate a higher lot size and loss limit. You'd have to calculate how long you think it would take you and if you're willing to trade 1 to 3 lots while paying 40% of profits just to...

Perhaps I should have been more specific. It's "IRRELEVANT" only due to the fact that on the bigger combines, the metrics are changed given the additional trader rules of the Jr Trader account: 1. No adding to a loser 2. No adding to a winner until your P&L is up $1k 3. No trading before big...

Maverick, by now you are well versed with the rules. The 150k Jr Trader account has a $600/day loss limit (when you factor in the weekly loss at 3k). Do you think it's realistic to trade 15 cars with a $600 stop? Even if you scaled into 15 lots, your stop is 3 ticks on a full position, as 4...