Hold Brothers

Originally posted by BankerBlueChips
Non competes are generally frowned upon by state law and are generally not upheld in most circumstances... so stop worrying about non - competes. A non compete is not to prevent you from earning a living in your industry, but rather to protect the business that made you sign it.

If you contribute up-front capital, you are an independent contractor. There is not a court in the state that would uphold a non-compete for any business against you in this circumstance...Even if you signed your life away.

But if you do have a No Risk-No Capital agreement and they do not terminate you... then the non compete will be in affect. An involuntary termination nullifies any non-compete agreement.
Remember, if you have this type of relationship, be thankful that someone is giving you the opportunity to trade with No Risk.

Your biggest problem should be they want to enforce your non-compete because you are such a profitable trader !!!!

Banker
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exactly, you just explained why a non compete is different than the non solicit. i don't have either so its not a problem with me. i already know the meaning.
 
Originally posted by fattyasids


hmm, you are wrong about that. they are not interchangeable. non-solicitation is when you can't recruit (solicit) from the same firm but can trade elsewhere. non-compete says you can't trade elsewhere. Big difference. you can have one and not the other.
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OK, I'm wrong, it's just that I've heard it used interchangeably, but the legal definitions are different, you're right.
 
I have no reason to advertise or talk up Hold. We are independent of Hold. We use their office space and clearing services. If for some reason we were unhappy there, we can pick up and leave at anytime. I'm just giving you my observation of the current enviroment there, that's what was asked by the person who started the thread.

Greybox, just like Hammer at Andover were both designed at one time for NASDAQ specific trading. Both systems have been redisigned for NYSE trading. In fact, since we only trade NYSE, we worked full time with the programmers on the redesign process, and now have a Greybox system that is awesome for NYSE trading.


P.S.
It's nice to see my groupie traderxp back is back in full stride. By the way, how come you don't mention that you were a partner of Horizon? And we do advertise. Hey, and how come you don't rip the Andover guys for advertising on this board, seems kind of hypocritical.
 
caliber,

i'm done bashing you. if you read my post, it has zero to do with you. it is an observation of hold from many people i know in this business. and, i believe, many people on elitetrader already know this to be true. you are a big boy. not everything revolves around you. i've decided it isn't fun to just bash you anymore. i'm sticking to content. so, deal with it.
 
Originally posted by traderxp
caliber,

i'm done bashing you. if you read my post, it has zero to do with you. it is an observation of hold from many people i know in this business. and, i believe, many people on elitetrader already know this to be true. you are a big boy. not everything revolves around you. i've decided it isn't fun to just bash you anymore. i'm sticking to content. so, deal with it.
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Thank you. I appreciate that very much. Maybe one day we could be friends. Now let's get back to business of making this board very insightful.
 
--Is there a contribution required?
-- Is there any salary?
-- How much of Hold's capital do you get?
-- What is the takehome %?

Thanks
 
Originally posted by brigreene
--Is there a contribution required?
-- Is there any salary?
-- How much of Hold's capital do you get?
-- What is the takehome %?

Thanks
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All these points are discussed individually since they all depend on your experience, and the type of trading you plan to do.
 
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