Remote ECHO Traders

i just happen to think that the huge majority of firms applying for fresh flesh are full of it, because the absolutely largest majority of their traders are losing more money than they are earning, and that less than maybe 5 % of their traders, if that, are earning more than the min. wage so it's basically a big rip of..

if they disagree with my assessment, let them bring up verifiable facts if they like, facts that may be verified by FORBES, TIME Magazine, the WASHINGTON POST, USA TODAY, etc, if they like, i won't have a problem with that as long as it's not just hot air but actually verifiable facts.

and, as long as they don't try their favourite evasion trick, hiding behind legal issues that have zero basis in reality. just mail the FTC, or the SEC with their recently acquired new powers.

cheers
 
And so what .... of course 5% of traders make money on a consistent basis. But it is the same everywhere else.. this is a tough job and you need a lot of dedication and hard work to start making money. I am not even talking about the minimum wage. But once you start mastering the game and stay disciplined you are there for the big bucks and really it is doable.
However, not everybody is cut for that type of job. people are lazy and don't put enough hours to make it and do not have the nerves to handle pressure.

By the way I do not possess a prop firm, but I think that this is a great thing to be able to work with a prop firm. Think about what was the trading landscape 10 years ago.
 
Originally posted by vvv
i just happen to think that the huge majority of firms applying for fresh flesh are full of it, because the absolutely largest majority of their traders are losing more money than they are earning, and that less than maybe 5 % of their traders, if that, are earning more than the min. wage so it's basically a big rip of..

if they disagree with my assessment, let them bring up verifiable facts if they like, facts that may be verified by FORBES, TIME Magazine, the WASHINGTON POST, USA TODAY, etc, if they like, i won't have a problem with that as long as it's not just hot air but actually verifiable facts.

and, as long as they don't try their favourite evasion trick, hiding behind legal issues that have zero basis in reality. just mail the FTC, or the SEC with their recently acquired new powers.

cheers
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Your posts are totally useless, and why are you duplicating them on multiple threads?
 
Originally posted by rtharp


The $200 per month is rebated back with volume. 100,000 shares gets the fee down to 100 bucks and it's down to nothing with 200,000 shares.

Considering that professional exchange data fee's come to $183 it tells you how much the firm is profiting when you add back office, T-3's and so forth for different things.

There are some new features coming out with the merger in the software but I can't give all the details till new software is ready to be released and all the bugs are out of it.

There are no hidden fees from the firm.

Robert
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Anyone that complains about $200 a month is a joker and not a trader given the above explanation. I am currently retail and I spend between $200 and $400 a _DAY_ for commissions, averaging about 20000 to 40000 shares a day (at .01 per share.) If I were at a professional firm, I have not doubt that I would be doing three to five times that much volume a day. In effect, after one or two day(s), my measly $200 would be rebated.

If you really want to win the war, negotiate your PER SHARE costs, and make sure that there is a cap if you do so many shares on a given trade (usually 2500, which is too high IMHO - it should be 2000 ) - that is the number one overhead in trading...I would kill for .005 cent per share, but I guess I would take .007.

nitro
 
Originally posted by vvv
why don't you guys post the truth, as opposed to dreams:


how come every CTA has to post facts...

ie an audited real time performance...

and you guys get away with posting marketing slogans with zero substance...

who, out of all of your traders, who've been there longer than 12 months, is actually taking home, after all costs, more than the minimum wage???

AND PLEASE DON't come with some purported legal issues, they simply do not exist. what the CTFC and the SEC want, at this stage, is a little less conversation, and a little more action, please.

so, accordingly, just come up with quantifiable facts, please, facts we can present to forbes .com etc, as we've heard more than enough lies out of corporate america to last us for a life time, as it is.
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VVV

You have a personal invite to come into my office and meet the 18 guys in here to see there daily P&L, see what they do and so forth.

It isn't very ethical for me to post _______ _____ made $20,000 today. Some guys don't want their P&L posted daily and/or wish to be unknown.


Robert
 
Originally posted by NasdaqTrader
Anyone trading remote with Echo care to mention how their experience is going?
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I'm trading with Echo remote from within germany sind january this year.
Really like it with echo and so far there is really nothing i could complain about.
Unfortunately i can't trade every day as going to school keeps me busy ;)

regards

tom
 
So when you're trading remote,do you have to call someone when you want to pull out some profits and ask them to send you a check to your home?
 
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