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Ok guy time to name names. What prop firm gives 6 to 1 overnight and is cheaper than IB? And doesn't tie up my capital for one year? And is SIPC insured?

Listen idiot I'll explain it one more time. 110K at IB is 600k in buying power( overnight). That is good enough for me. Don't lie and say prop firms are cheaper in commissions and interest, because that is bullshit. You punks are frickin newbs, good luck making money.

These miners have been on fire. I posted here about my NUGT trade. I let it go way too early and now I get sick looking at it over 50. Oh well. The business of perpetual regret is what it is.

Huge move in NUGT and gold this week. Gold bears are being slaughtered. Die suckers.

F you. Been trading longer than just about everybody on this site. I know a lot about prop firms. JC trading, lol.

Bright trading and T3 are the only firms left that I would do business with. The business is really just about done. If you don't have a 100k to get portfolio margin at a standard brokerage firm like IB, I really don't think you should be trading anyway. And if you have that kind of money what...

Bright Trading doesn't allow more than 5 to 1 intraday naked per your equity. They just don't. And if somebody there says they do, they lie. You're not trading momentum stocks directionally there with more than 5 to 1 leverage. You can get more hedged but you better be hedged.

Bright lets you keep 80% of your money. The other 20% is rebated back to you a year later in commission rebates. You better be COMPLETELY hedged to go anything over 5 or 6 to 1.

nice pullback today. So tough to tell with NUGT it closed so strong yesterday

I bought NUGT at the close yesterday again and had a very nice surprise this morning. I would have had a nice five figure day again if it wasn't for the facebook I also overnighted. Faceplant :mad:

Got in at 30.24 on that GDX retest of 22. Just sold now at 35.95 and will wait for a pullback to re enter. Thank you so much Gringo for bringing this to my attention. My best trade of the year so far.

Don't worry its an easy test. They haven't changed that test in decades. Study an hour a day for a couple weeks and you should be good. Any book is fine.

I have a friend going to this training camp at Tower Hill, what is the word on them please?

Is this a joke? I did my monthly wire yesterday. It took me about a minute to process (maybe less) and the money was in my bank account within the hour. No complaints about IB from me, best brokerage I have used and I've been through most of em.

Any word on Global Futures? They clear through Penson and I was thinking of opening an account there but I will wait until the smoke clears with all of this first. Still I would like to know people's opinions about Global if they have them.

How is magic jack for sending and receiving faxes? Is that even possible?

Could there really be a problem with Penson next?

What is the best phone for international use? I am tired of buying unlocked phones and then getting the chip in country. Any smart phone I can use here and then take with me to hit the ground running when I travel?

I am interested in Hold too. Help a brother out if you know something, post.

I guess I still find it astonishing that in a business that has over a 90% failure rate across all asset classes that there are still an endless parade of people that think they can put up 5 or 10 grand, leverage it 20,30 or 40 to 1 or more and have a decent shot at making a viable career out of...