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FYI, they've just extended the deadline to September 17, 2011. Not much, but better than August 12th. Don't take it from me, though. I'm just a loser from a one man shop.

Until I expose my firm, I haven't sold a thing. Also, call the CBSX and ask them if they have any information on how many people have passed this test. The way I found out that I'm "the only known person to pass this test" is because someone did that today and was told that one person so...

If I was selling my firm I'd mention it here or in PMs, but I haven't done that yet and won't until I think I have something of value. Even then, all I'd say is "if you want to pass the 56, I've helped X amount of traders pass at Firm Y." PM me from one of your other accounts and see if I...

Why wouldn't I? If the other firms in this field can't/won't help their traders pass, and word gets out that we have the material that will get them to pass, then my firm gets stronger. Prop trading has been commodotized. The way to differentiate yourself as a serious firm that isn't in it...

No problem, Scorpion. My goal with this post wasn't to scare anyone or brag, but I've been looking for info for this stupid thing since I heard last week about the deadline and wanted to provide a glimpse of color for the googlers out there. I bet this thread gets pretty busy in the next few...

It was really hard. I took it without studying, because really the only thing the cboe provided was an outline highlighting just about every regulation on the books that need be studied and learned. I really was only taking it so I could see what it was like and had my fingers crossed that it...

There are lots of scams out there, but CBSX firms taking a cut of trader profits isn't one of them. Although the CBSX is very cloudy with it's regulations, they've made it clear to their member firms that they can't continue offering 99% payouts, so most firms have gone to 90-95%. If you're at...

I recently became aware of a deal where I can get 10-1 leverage in equities overnight, with no time restraints. I figure I can buy an 8% preferred stock of some choice and make the 4% difference, based on my 4% monthly cost. On 100K down that's an extra 40K a year basically risk free...a carry...

And what is the cost of the leverage? I know all about equities and futures, but not bonds.

Thank you lescor. Like I said, I'm not looking for the golden ticket. Obviously, that's not for sale. Seing the kids come in and out of the door for years now as a trader myself, I know for a FACT that $250/day is plenty to keep them in their seats. I now have some very ambitious...

I posted here the other day, but many of the replies that I got, while helpful, were not exactly what we need right now. Much of this is due to my vagueness... We would like to rapidly expand a group of traders around a very rigid system, one where discretion is not allowed. For...

To Businessman: I agree, that if someone had a surefire scalable system, they should trade it themselves for 100% of the profits. However, consider this: 1) Not every trader likes trading. The stress does knock out lots of guys every day. If you had a good system, but wanted to retire...

We are looking to build a group based on the scalabilty of the system. I guess I should have specified some things. The difference in payout is based on the success/ability of the system. 10% would be your payout if we build the system with humans. 20% would be the payout if it appears...

Some partners and I are looking to put a prop group together, but we don't want to hire the usual drifters that apply to new prop firms. We would like to purchase a system that could be taught to monkeys. It doesn't need to produce much...maybe $200-$300 gross per trader per day. Just...