PDT Rule & Prop Firms

Quote from Maverick74:

Ratboy, this is the last time I am discussing this here. You can go to the CBOE website and get a list of the firms. There use to be a link. I posted the link on ET a long time ago. That link may not be there anymore. I don't work for the CBOE. It's not my job to maintain their links. In the last 12 months they have added a shitload of useless crap to their website so their links are probably very hard to find.
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dude you kept running your mouth.. now shut the fuck up. you are a douche bag and you were wrong. when the guys asked for info you had to be a drama queen. enough!

and btw here is some info for the guys:

What amount of capital does Cassandra require for a new trader to open an account?

Cassandra generally requires that accounts be funded with a minimum of $50,000.

for many on here this amount is too high and is a much greater risk than putting $3 to $5k with a sub.
 
Quote from ratboy88:

dude you kept running your mouth.. now shut the fuck up. you are a douche bag and you were wrong. when the guys asked for info you had to be a drama queen. enough!
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Running my mouth? I was not wrong. The info is on the site. Either through link or via their phone number to their membership dept. THE INFO IS THERE! You fucking tool! You are one lazy sack of shit.
 
Quote from Maverick74:

Running my mouth? I was not wrong. The info is on the site. Either through link or via their phone number to their membership dept. THE INFO IS THERE! You fucking tool! You are one lazy sack of shit.
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I DONT NEED THE INFO DUMBASS... I HAVE A SEVEN. AND I AM SURE I SCORED MUCH HIGHER THAN YOU'RE STUPID ASS!

unlike you.. i don't mind helping people on here. and i am not a kiss ass like you nor a drama queen.

the only reason people bash you all the time is because you really are a chump.. a douche bag. a barney fife.
 
Quote from ratboy88:

I DONT NEED THE INFO DUMBASS... I HAVE A SEVEN. AND I AM SURE I SCORED MUCH HIGHER THAN YOU'RE STUPID ASS!

unlike you.. i don't mind helping people on here. and i am not a kiss ass like you nor a drama queen.

the only reason people bash you all the time is because you really are a chump.. a douche bag. a barney fife.
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Ratboy, you are the biggest Ron Paul, 9/11 alarmist drama queen this site has ever seen. You have thousands of posts acting like a drama queen. Don't even start. And no, I can't on one hand how many posts have bashed me on these prop threads. There has been no bashing till you came here.

Help people? How the hell do you help people? You haven't posted one accurate comment on prop firms on this whole thread. You kept telling people they need a series 7 to get leverage then you went on this huge SEC anti-government conspiracy theory about why a series 7 is required. Yeah, big help that was and completely wrong.

You want a link tough guy? Here you go. Here is your link and a phone number.

https://www.cboe.org/members/Login.aspx

312-786-7449 membership dept.

Now go back to chit chat and be a tool where you belong.
 
Quote from Maverick74:

bfife.gif

You want a link tough guy? Here you go. Here is your link and a phone number.

https://www.cboe.org/members/Login.aspx

312-786-7449 membership dept.

Now go back to chit chat and be a tool where you belong.
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LMAOOOOOOOOOOOOOOOO... see.. there is no list on the web site you dumbass. LOL @ call! dude you crack me up.

and i stand by my statement... for most on here they will have to get a seven to get the SEC off their backs.

which is ashame because the 7 has nothing to do with trading.

if you can show me a firm that requires a small deposit like bright or echo then fine. also... they need to be set up to do remote since most on here don't live in chicago.
 
Don told me to get a Series 99... just to be safe...

I have been studying for 3 years for this and i am almost ready to take the test...

thank you Don... Your guidance has been crucial to my future success... and i feel that just before Y3K i will be ready to rip the markets to shreds...

Series 99 Covers:

Series 7, Series 55, Series 63, Area 51, Series 24, Client #9, Series 66, 007 LTK, Series 65, Love Potion #9, Series 3, Call Girl 101, Series 4, Kamikaze Scalping 102, Series 6, Divorce #2, Series 9, Fade Fed 103, etc... you know... the usual...


:cool:
 
Mav I understand what you are saying, seems pretty clear after 40 or 50 pages. This is one long thread. Wanna be trader can open a retail account with 25K and get 4-1 leverage. A private firm (Cassandra, Gelber, etc) can give you whatever leverage they want regardless of membership. Series 7 has to do with being a member of an exchange and therefore designated a professional trader so that retail rules do not apply to an exchange member. Most exchanges require a series 7, CBOE excepted. Its funny because I know that lack of margin has kept me out of some really bad trades. No one likes to think that margin are to keep you from blowing out, although many good traders have blown out. There are a lot of risks in trading that aren't factored in like execution risk, errors, lack of liquidity, etc. Most of us like to play with matches. :)
 
According to what Mav says you can be registered as a member of an exchange if you are a member of a registered firm thats registered with an exchange that does not require the 7 therefore you can register WITHOUT having to go get your 7.

AND...since the 25K rules dont apply to exchange members ( who are deemed to be professionals) then the firm is free to give you x amount leverage on x amount of deposit. At least thats how I understand it now. I think at some point every pattern day trader with less than 25K will require a 7 but apparently we have'nt reached that point yet. A few more Tuco scandals and we may reach the tipping point if we have'nt already reached it now.
 
Quote from EdgeHunter:

Don told me to get a Series 99... just to be safe...

I have been studying for 3 years for this and i am almost ready to take the test...

thank you Don... Your guidance has been crucial to my future success... and i feel that just before Y3K i will be ready to rip the markets to shreds...

Series 99 Covers:

Series 7, Series 55, Series 63, Area 51, Series 24, Client #9, Series 66, 007 LTK, Series 65, Love Potion #9, Series 3, Call Girl 101, Series 4, Kamikaze Scalping 102, Series 6, Divorce #2, Series 9, Fade Fed 103, etc... you know... the usual...


:cool:
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My wife (who is more powerful than the SEC) made me get a Series 69 - that was the best damn test I ever took! :eek:
 
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