A person I met recently told me about ET and it has been a pleasure to discover this site and browse over the forums. What a delightful resource.
I would like to ask about remote trading and would sincerely appreciate responses from those of you who are remote traders.
I have traded before on a part-time basis in the late 90's, and did pretty well (who didn't back then?), but since 2000 I have stayed away from the market for a variety of reasons. Thanks to a very flexible job and an exhaustive study of the markets, I now find myself with the time, resources, and hopefully worthy strategies with which to jump back in again.
I do not live in a major city with prop offices, so I'll have to go remote. Since I have my Series 7 already, I would like to take advantage of prop firms' bullets, leverage, and per share commission rates. From what I understand it seems that to trade retail one would need to have over 30K just to safely avoid the PDT rule, and I do not have that much to contribute. I can at this time contribute 10K.
My concern is with finding a firm that will take on a trader like myself with 10K or less, that has a reliable remote infrastructure, good software, rates of at least a penny per share (is that realistic for an initially low-volume trader like myself?), no hidden fees, and will be around for a while. Hopefully these expectations are not unrealistic....
I have been watching Echo for a while but since they have merged their website has changed and they no longer have a web page that lists their fees, which I find curious.
I would appreciate hearing from those who trade remotely with Echo and other firms about their experiences and recommendations.
Thank you.
I would like to ask about remote trading and would sincerely appreciate responses from those of you who are remote traders.
I have traded before on a part-time basis in the late 90's, and did pretty well (who didn't back then?), but since 2000 I have stayed away from the market for a variety of reasons. Thanks to a very flexible job and an exhaustive study of the markets, I now find myself with the time, resources, and hopefully worthy strategies with which to jump back in again.
I do not live in a major city with prop offices, so I'll have to go remote. Since I have my Series 7 already, I would like to take advantage of prop firms' bullets, leverage, and per share commission rates. From what I understand it seems that to trade retail one would need to have over 30K just to safely avoid the PDT rule, and I do not have that much to contribute. I can at this time contribute 10K.
My concern is with finding a firm that will take on a trader like myself with 10K or less, that has a reliable remote infrastructure, good software, rates of at least a penny per share (is that realistic for an initially low-volume trader like myself?), no hidden fees, and will be around for a while. Hopefully these expectations are not unrealistic....
I have been watching Echo for a while but since they have merged their website has changed and they no longer have a web page that lists their fees, which I find curious.
I would appreciate hearing from those who trade remotely with Echo and other firms about their experiences and recommendations.
Thank you.