HLV Trading

Just be a tad cautious of people posting with less then 5 posts under his belt. People have already laid out there agenda early on in this thread and it seems to continue.
 
You can get 500k buying power upon 3-5k deposit at HLV... if any 'good' trader views 3-5k as a lot of money, which he will lose upon company going bankrupt and/or if Charlie runs away with it (which I really doubt will be the case) the trader is simply not worth calling himself a trader if he is worried about 3-5k... period. I am not promoting HLV, neither am I a big fan of them, though the subject about 'how secure your deposit is' just gets ridiculous.
 
"My friend jsut told me that HLV has bounced a check on him"
BLUEBALLTRADER..

now a new screen name with very little posts making the same charge.. coincidence I think not. Please get a life and move on.
 
Agree..
We are just trader...trying to make a little bit of money in the market...and thank to Elitetrader that we can share our experience so new traders do not have to lose money to go the same trap...it is all about education....
I did had a bad experiences with HLV, ECHO, scottrade and some other firm...I ended up losing more than 10K to find out a good firm to deal with....
I am now trading with IB..so far is ok...I am not sure about the future...
We are not here to promote any firm but to share our exprerience...Prop trade manager= middle man + Trader's override commission..They come to this business expecting to make override money on us...so my personal advice to traders is to sign up directly with the firm and ask for remote trading...That is how you can save money everyday..hopefully that will help
 
The problem is you’re not honest either. You started your first post saying you just went for an interview. Now you worked there well come on be honest. Just because you made foolish deals and traded bad styles will not make the firm you worked at bad. I can tell you first off your biggest problem in trading is not taking fault for your own mistakes. So far Echo, HLV, and Scottrade are the fault of you losing money. When do you have fault for being a sucker in making a bad deal. I had amazing deals at firms with and without middle men. I can tell you now I pay a ton less per share then you do at IB and with a lot more buying power. People need suckers to make money off of. Maybe you did get a bad deal but that’s how the world works sometimes. I am telling you that not everybody who works at a firm has the same deal and maybe you need to work on how to get better deals. I don’t like to hear about the check bouncing though and that worries me. I think that could force me to leave a firm for sure. You are making this personal and I think people want to know about the software and order execution because fees are negotiated individually.
 
If your having a bad experience every where you go .. maybe its you .. ECHO trade and IB are not even close to parallels I traded with ECHO for a few months, very good experience and made some very good friends. (who still trade there) From the looks of it you still have a lot of "Figuring out to do" I don't think IB gives you 20 to 1 leverage.(Like many prop firms will). but issues like that only come into play once you are making money. I cant believe you even mentioned scottrade.. as if that's even remotely in the running .. VERY comical to say the least. Give yourself about 5 years and see how you view these firms and where you end up at, and what is most important to making money, and who is offering it .. THERE ARE NO OVERRIDES Retail trading. (From my experience)

Just my 2 cents.
 
I agreed at some points about negotiation...That's why I am here to give them tips how to get a better deal..I do not want trader to fall in the same trap....
I did not want to take it personally....I did not lose money by my trading style...you do not even see my trading style yet...please do not make any early judgement like that..I lost money in commmission and fee...I can fax/sent you some prove if you interest...
Omini Pro is free to B/D. Echo software is better than Omini pro but it is more expensive.....I am setting up right now thru Penson financial and they give us free.
I just wanted to share.....please do not take it personal...
 
Quote from NYstocktrader00:

I did not lose money by my trading style...I lost money in commmission and fee...

I DO MORE RESEARCH AND FIND OUT CHARLIE WAS A FORMER CEO OF F1 TRADING..LOOK AT THE FEEDBACK ON F1 TRADING AND FIND OUT FOR YOURSELF.


since our money is no secure whatsoever...they only know your money in Charlie's account..
More...

isn't the commission you generate a part of your trading style?

With regard to fees, if you are saying that your strategy worked as planned but that the fees you incurred were too high and that your trading gains could not offset your fees, whose fault is that? What does that have to do with the firms you were trading with? Earlier, you were saying that you thought the CEO, who you called 'Charlie', could not be trusted, that you didn't think people should allow their money to sit in 'Charlie's account'. Which one is it? What exactly is your complaint? It seems to be changing with every post you make.

You seem to have had problems at three prop shops. Who are you trading with now? Penson clears trades for people, I know that - you mentioned that you are trading with IB now. What is happening? I am sure you are going to be having big problems at IB soon enough, and that you will be posting here to tell us how bad they are.

You lost a lot of money at trading (a lot more than 10K). Someone else here pointed out that you lack what in my mind is the most important quality for a trader - the ability to take responsibility for the outcomes he creates. You started trading and as a result of the decisions you made, you lost money. The only way you could claim otherwise is if someone actually came along and took money out of your account or if you found out that you were trading at i.e. a forex shop and that they were feeding you quotes that were totally bogus and then giving you fills and stopping you out based on their own in house quotes - and even in this case you could not blame them if there is fine print in the contract you signed which allows them to do this. That would again be - all your own fault.

That's why I am here to give them tips how to get a better deal.
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This is a complete load of crap. You are here to tell us how bad these firms are and how your trading losses are their fault and how they can't be trusted and how they bounce cheques, not to try to educate people about making the best deal they can. Why did you mention anything about the CEO and his bank accounts if this was your intention?


You will lose money trading at IB or through Penson or wherever because you can't take responsibility for your own actions.

BTW... don't try online poker
 
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