Remote ECHO Traders

Tom Frey · Aug 5, 2002

just send a fax

lescor · Aug 5, 2002

I've been trading with Echo since January, and remote from home since April. I've been consistently profitable since May after spending a few months experimenting with different styles and finding something that worked for me.

I've banked enough money to live on for the rest of the year, which relieves the pressure to perform. I love the order entry software and the network of traders that I can keep in touch with during the day to share ideas with.

hans130 · Aug 5, 2002

Originally posted by lescor
I've been trading with Echo since January, and remote from home since April. I've been consistently profitable since May after spending a few months experimenting with different styles and finding something that worked for me.

I've banked enough money to live on for the rest of the year, which relieves the pressure to perform. I love the order entry software and the network of traders that I can keep in touch with during the day to share ideas with.

How do you keep in touch with the network of traders during the day? Is there a special chat room the you go to ?

lescor · Aug 5, 2002

A few of us are back and forth on msn messenger all day. Looking at Paltalk too, just have to get my router configured.

speculator69 · Aug 5, 2002

Echo is good enough to get the job done but system outages are far more frequent than I expected from a proprietary firm. I've heard others on this board say the downtime is limitted but I disagree completely. I experienced problems almost weekly. Overall, when it comes down to it, Echo seems just like any other shop (Bright, Lieber, et al)--nothing special...

hans130 · Aug 5, 2002

Originally posted by speculator69
Echo is good enough to get the job done but system outages are far more frequent than I expected from a proprietary firm. I've heard others on this board say the downtime is limitted but I disagree completely. I experienced problems almost weekly. Overall, when it comes down to it, Echo seems just like any other shop (Bright, Lieber, et al)--nothing special...

Echo software is not their own propietary software. Its a licensed software that is used by many broker dealers who claim its their own software. I believe it called Virtual trader.

http://www.vtsystems.net/index.htm

Hans

TigerO · Aug 6, 2002

Originally posted by rtharp

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

I guess the only broker here who was honest about his customers profitability was a guy called Hitman.

rtharp · Aug 6, 2002

Originally posted by hans130

Echo software is not their own propietary software. Its a licensed software that is used by many broker dealers who claim its their own software. I believe it called Virtual trader.

http://www.vtsystems.net/index.htm

Hans

That is one of the software programs used by our firm. It actually is proprietary software as we have had features added to it that no other firm has.

There are other platforms that the firm uses. My entire office is on another platform known as Sterling

Robert

rtharp · Aug 6, 2002

Originally posted by TigerO

I guess the only broker here who was honest about his customers profitability was a guy called Hitman.

Majority of traders in this office are doing VERY well. Would I want everyone to come into my office and see people doing poorly? The invite was to see how well they are doing.

I'm not posting #'s up as some traders have asked me not to. They have a right to their privacy.

Robert

rtharp · Aug 6, 2002

Originally posted by speculator69
Echo is good enough to get the job done but system outages are far more frequent than I expected from a proprietary firm. I've heard others on this board say the downtime is limitted but I disagree completely. I experienced problems almost weekly. Overall, when it comes down to it, Echo seems just like any other shop (Bright, Lieber, et al)--nothing special...

I'm not a partner in the firm, I have no financial interest in the firm. I am a class B member just as I imagine you are. I joined ECHO about a year and a half ago. For almost 2 years I've watched them grow and prosper. The first year I was with them I can recall about 3 times total that they have been down.

There have been some new problems recently I agree. I've talked with the partners of the firm and they are working out the bugs in the systems.

Robert