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I agree with the others that this post is probably bs, but if you want to use redi have 10:1 overnight and not have to worry about the "games" the big brokerages play then go to bright. Never traded with them, but they seem to be what you are looking for....take it away Don.

1) Didn't look at the date. But someone posted before I did, so I didn't resurrect this thread 2) When was the last time you heard someone brag about a CFA, MBA, CMT, PHd? Do they make money, is the only question that should be asked. 3) I don't know nor do I care. I was just making the point...

Sounds like the OP really wants to know the answers to the questions he asked because he wants to perhaps go that route, then Nazz comes in with his opinion and then all of a sudden TA is a joke. Your first post shows you have a real interested in TA, or you wouldn't be reading the TA...

How come when I heard Run away by Kayne West I thought of you crgarcia? "And I always find, yeah, I always find somethin' wrong You been puttin' up wit' my shit just way too long I'm so gifted at findin' what I don't like the most So I think it's time for us to have a toast Let's have a...

The reason why, I even entertained this idea and felt like I should move forward with this. Is I know that if I didn't have the financial backing from the start, that I would have never got into trading. I know there are a lot of smart kids out there who are not going to give trading a chance...

Actually there are more people who think its a good idea, its just the 4 or so on this thread that have told me I am bound to fail. I am not sure why you are skeptical that I run a few automated systems to trade. There are a lot of people doing it. If you think I have an automated system...

I never said that my "edge" is going to last forever that is why I always have something coming down the pipeline to take its place as my main money maker when market conditions change and my strategy stops working. As for clearing, I will be paying 20 cents per 1000 shares which is low...

Also everything that I do is based on mathematical principles so that is where I believe my "edge" lies.

I still have no idea what you are talking about. And why is this bullshit, I am not selling anything or asking for anything at all, just a simple question whether or not this concept would be worth while. Some have said no some yes. It's just a discussion, calm down.

I guess you and I have different views on what an edge is. The things you mentioned, I would called them gimmicks that are not going to last. To me an edge is a strategy or method that can work on in different markets, time frames, etc. Perhaps my view on what is edge is wrong. I know there a...

Well I guess that option is gone, lol.

See that is the point, I don't think this is a bad idea. But I decided to come on here to see what other traders thought. I am not trying to run this huge operation, just something small. Mav is being a great help and I am listening to him. I don't get how you can say there are no more edges...

I am actually located in Florida. So it might be tough to find a superstar trader here, FNYS do have an office in Boca though. I do agree having one profitable trader would help.

No Mav. you are not missing anything at all. This is the type of conversation I was hoping for. I never thought about doing that. How would you suggest someone going about to A) Find this superstar and B) Is 150k plus 50% a good deal? Now when I recruit some guys to work underneath him...

I should be able to manage that.

I don't expect it to be easy, in anyway shape or form. That is why I am trying to start off slow. I am not a superstar, but my trading does provide a 7 figure income each year over the past 3 years, so I feel that I have the capital to make something like this work. As for Reverb they are...

Any reason in particular? Seriously what is the worst that can happen? Lets say in two years, I hire 6 traders none of them make money, yes I paid out some money for computers, desk, office space etc. I lose 250k in this so what? I move on. I can still use the computers, sell the desk, I am...

Thanks for that Mav. I appreciate the insights especially coming from someone who runs an office. I can see where you are coming from, but I don't totally agree with you. I have in the low 6 figure range that I am willing to use in this operation from the get go. To pay out 6k in salary...

I am only planning on keeping 3-4 traders on salary at a time. If a trader is making 10k a month, they its better for them to take the 75% payout. So once a trader reaches that level for 3 months in a row then I would hire another trader. As the group grows then I will be able to have more...

Thanks for that Mav. I appreciate the insights especially coming from someone who runs an office. I can see where you are coming from, but I don't totally agree with you. I have in the low 6 figure range that I am willing to use in this operation from the get go. To pay out 6k in salary...