Bright vs. Genesis vs. Tuco vs. xEcho ?

HI JIM.. ok, i guess you would have to take bright, echo, and all others that require a series 7 off your list then, going the sub-llc structure which is the norm is your best option now.. imo.
 
Quote from scorpion:

HI JIM.. ok, i guess you would have to take bright, echo, and all others that require a series 7 off your list then, going the sub-llc structure which is the norm is your best option now.. imo.
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Or Jim could take the test, remember "every stockbroker passed the test, how tough can it really be? LOL"

Some of our new people trade in our non-licensed wing while studying for their exam (up to 90 days).

Don
 
Quote from Don Bright:

Or Jim could take the test, remember "every stockbroker passed the test, how tough can it really be? LOL"

Some of our new people trade in our non-licensed wing while studying for their exam (up to 90 days).

Don
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Are people really afraid of taking the series 7? Jesus man. There has to be some hurdle to get into this business.
 
hey guys.. taking the test is easy enough, but just for the sake of getting more buying power its not necessary these days.. why bother really.. look around , their is plenty of competition to make life easier without all the red tape.. which is good for all. BY the way mav74.... your firm does not require a series 7 right?
 
Quote from Maverick74:

Are people really afraid of taking the series 7? Jesus man. There has to be some hurdle to get into this business.
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I know, I ask the same question. It's a bit tedious, but it's not that tough overall. (As we all know, LOL). Just to get leverage would be worth it to the average retail guy, I would think. 4 to one is pretty tough, and even the Portfolio margin sometimes seem a bit small as well.

I think Vtrader's are licensed...Mav? edit: Oh, I guess not, sorry.

Don
 
Quote from scorpion:

hey guys.. taking the test is easy enough, but just for the sake of getting more buying power its not necessary these days.. why bother really.. look around , their is plenty of competition to make life easier without all the red tape.. which is good for all. BY the way mav.. your firm does not require a series 7 right?
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Correct.
 
hi don, the fact is, if a trader puts up enough risk capital & can control risk properly, they can neg as much buying power as needed. a 50-100k risk deposit.. a trader can get 2-3 mil intra-day buying power from established prop firms. without needing a license these days. many options available . most traders would agree on this..
 
Quote from scorpion:

hi don, the fact is, if a trader puts up enough risk capital & can control risk properly, they can neg as much buying power as needed. a 50-100k risk deposit.. a trader can get 2-3 mil intra-day buying power from established firms.. their are many options available to all. i am sure most pro traders would agree.
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Where can you get that retail, legally? I really don't know of anywhere. Maybe in one of those "pooled money" places that make everyone go home flat each day? Even my friends at one of the "other" firms seem to be restricting overnghts again (2 calls today, traders coming over due to restrictions).

Anyway, as you say, there is some competition, especially within the retail arena, and competition is usually a good thing.

Don
 
hi don, we are talking about prop firms.... talking about intra-day trading only with high bp.. .. the overnite trading strategy , you have a edge their with a few other firms that offer leverage so traders can benefit from holding positions longer.. most traders probably like to end flat at the end of the day for the most part anyway.. their is always pre / post market to trade as well. for those that want some excitement.. some good trades could be had all the same. its all how you manage your risk in trading.
 
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