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In the current market environmet, what do you think should be the mininum capital that a trader should have in order to have a chance at day trading success? By the term "success", I mean making enough to earn a decent living at it.

"stragies" = strategies. Sorry.

Could you share with us as to what kind of stragies these traders use (scalping, pair trading, gainers/losers or relative strength, etc.)? Thanks.

OK. I just think it is easier for me to create a list of 40 stocks that I don't want to trade than to create a list of the other 1000 stocks that I want to trade. Thanks anyway.

True - but it would be even better if these stocks don't show up at all so I can concentrate on the other stocks that I REALLY want to trade. I'm glad you don't charge for your advice. :D

I would consider trading any stock that shows up on my alert window that meets my criteria except for oil and coal stocks, hence my need to exclude certain stock symbols. Any ideas on how to do this with TI? Thanks.

Is there a way to exclude a personal list of stocks from showing up on my TI alerts? I have tried emailing TI but have received no responses from them. Any help will be much appreciated. Thanks in advance.

My home mortgage is currently with Aurora Loan Svcs, a Lehman Brothers company. Now that Lehman has filed for bankruptcy, how will this affect my mortgage as far as payments and future refinancing options are concerned? Has anyone here encountered this kind of situation before? Any input much...

Daal & Alex1, Have you been receiving emails from the receiver? I have not and did not see anything on Thomas Lennon's website either regarding the things you just mentioned. Any additional info much appreciated. Thanks.

Tuco was operating as an unregistered broker/dealer, and being in compliance with SEC rules apparently was placed in the backburner. The owners made up for this shortcoming though by being "stand up guys".

The "whole russian shpeel" actually originated from a Tuco trader who had been in contact with your man Doug Frederick. http://www.elitetrader.com/vb/showthread.php?s=&postid=1821977#post1821977

If you reread my post, you will see that I made no such implication. All I said was that you should stop defending the Tuco owners and stop making irresponsible statements such as "there was no capital shortfall at Tuco, no missing money" since you yourself do not know all the facts about this...

Were those "inquiry" type phone calls to UNREGISTERED LLCs who do not require their traders to have S7 licenses and are therefore not subject to SEC or SRO oversight? And have ANY of them been shut down like Tuco? If they are indeed unregistered LLCs, then they should be getting phone calls...

The line that is being fed by the previous owners of Tuco (I had talked to Mike Kestler immediately after the SEC action) is that the reason why they were closed down was because of the way Tuco was "structured." This is a very misleading statement. The reason why Tuco was shut down was...

Did your friend's organization require their traders to have a S7 license?

You can put any kind of spin to the Tuco situation and rehash about how the principals are standup guys, but the fact is that Tuco was operating as an UNREGISTERED firm. I had talked with one of the SEC lawyers involved with this case and that "unregistered" part was the gist of their case...

Blackwood.

The name of the receiver appointed by the court is Thomas Lennon. For the latest developments on Tuco, I think it is best to check Lennon's webisite ( www.tflinc.com) than engage in speculation. The receiver will report to the judge his findings with regards to Tuco's assets/liabilities, and...

Thanks for the reply, BidBuster. That was very informative.

Pardon my ignorant question, but if the SEC starts cracking down on firms that give more than the allowed 1 to 4 margin as per the PDT rule (like what we are seeing now in the Tuco situation), why would registered firms like Assent, Echo, Bright, etc. be exempt from this? Is there a specific...