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Schondfeld or Hold Brothers
- Thread starter Trader_2B
- Start date
Why do these firms only allow traders to day trade?...is there a more complex reason other than the commissions day trading generates.
Yes, the complex reason is risk. Over-night trading is several times riskier. Everyone wants to make money risk free these days... But still some big traders at Hold do hold over night positions. I don't know whether if it is with only their own money or not, but they do it. I shall find out...
Quote from jmreyes:
You are either completely clueless or a pathalogical liar. You have certainly attacked me, and you continue to make idiotic statements. I think the better question is: Why can't YOU be smart enough and end this?" If I am "promoting" myself or the firm, you are certainly giving me the spotlight by which to do so. I will defend against this ridiculous assault for as long as I must.
You, like Fractal, have no idea what you are talking about, but you do have the audacity to make statements that have absolutely no merit. I have a track record from trading elsewhere that I am certain would shame anything you've accomplished.
Furthermore, I have a lot of money in the firm, certainly well in the neighborhood you are describing.
The reason I stated that ECHOtrade had compliance issues has everything to do with the post to which I was responding. I also mentioned that they are a solid firm. I am hardly on here to promote the firm; as we have marketing people to do that. I have certainly not spoken poorly of another firm in an effort to promote my own. There has only been one firm that I've bashed; and, if you believe them to be a quality firm you are sorely mistaken.
The firm has indeed turned down applicants. It does take a lot more than a Series 7 and 5K to get in our door. You would certainly never make the cut.
We have brought in people from the CBOE, the CBOT, the CME and hedge funds to work with our traders. Often we have experienced traders from outside Hold come in to do additional training. We try to give our people an advantage in the market.
Lastly, I simply manage the branch. Our traders have a direct contract will Hold Brothers. So, the "deal" is certainly not with us. It's so funny how you morons continue to speak with such authority on matters to which you are completely ignorant.
Be an adult for once in your life and drop this. The only one "blowing smoke up anyone's ass" is you by pretending that you actually have a clue.
I made up everything I said because Hold Brothers head quarters is not sandwiched between the path station and Newport Centre Mall which has a food court on the 3rd floor. You seem like a big veteran in the business not someone who broke into trading recently because that would be on the NASD site. Thank you for straightening me out and I am moving on from this conversation now.
Quote from jmreyes:
This would be a very dead subject if not for the replies. The fact of the matter is that the post was still displayed making it misleading. As a "shill" for Hold, I wanted to rebut the mis-information. It would be the same if something was posted in regard to any other firm that continued to linger and be wrong.
BTW, I believe it was clear that I explained Hold was the oldest PROP firm in the business.
Finally, I'm fairly certain that of the US prop firms in the equities market Hold is the oldest. However, if I am wrong please let me know the names of the firms that have been around longer.
Oh...and Hydroblunt? Isn't that a bit...shall we say...juvenile?
Reyes Says
"This would be a very dead subject if not for the replies"
Not true... Reyes revived an old post fron 2002.
Reyes Says,
"BTW, I believe it was clear that I explained Hold was the oldest PROP firm in the business"
Not true, older firms out there Bright, Shoey, Carlin.
Reyes says,
"As a "shill" for Hold, I wanted to rebut the mis-information" then in another posts he says,
"Hold's Graybox has remarkably fast executions, is user friendly and has great features. CNBC and INC. have reported on this, and I've profited becuase of it"
And your not a shill?
Reyes says,
"I am not some shill; and, I do not have an agenda, nor am I peddling anything. I do trade for Hold, and I have been satisfied with the platform and the company"
Then we find out he is not just a "trader" at Hold, but a Branch Office Manager
Reyes give it up, your credability is shot.
Quote from 123456789:
Reyes Says
"This would be a very dead subject if not for the replies"
Not true... Reyes revived an old post fron 2002.
Reyes Says,
"BTW, I believe it was clear that I explained Hold was the oldest PROP firm in the business"
Not true, older firms out there Bright, Shoey, Carlin.
Reyes says,
"As a "shill" for Hold, I wanted to rebut the mis-information" then in another posts he says,
"Hold's Graybox has remarkably fast executions, is user friendly and has great features. CNBC and INC. have reported on this, and I've profited becuase of it"
And your not a shill?
Reyes says,
"I am not some shill; and, I do not have an agenda, nor am I peddling anything. I do trade for Hold, and I have been satisfied with the platform and the company"
Then we find out he is not just a "trader" at Hold, but a Branch Office Manager
Reyes give it up, your credability is shot.
I see you can count higher now-all the way up to 9, impressive. Oh.. and what a shocking conclusion to have learned that I am a branch manager. You've truly found the smoking gun in my hand. You are such a fool. Look at the thread. You've taken everything out of context for the sake of attempting to bash me. Where's the credibility in that? Outside of a handful of idiots, yourself included, most have had something constructive to question or add. I think you are the one with the credibility issue. Your last post looked like some kind of sleazy campaign ad. Have you considered going into politics?
Quote from Mom0/pH0x:
yeah reyes, it's pretty much sunk... your interests aren't behooved now by trying to insist that you weren't shilling a bit, not that there's anything wrong with it, just that according to most ppls perception here, you weren't doing it in a forthright manner, hence the percieved lack of credibility... surely you understand...
I don't agree that it's most people's perception. I think most just find this thread a complete waste of time.
Quote from brokerboy:
I made up everything I said because Hold Brothers head quarters is not sandwiched between the path station and Newport Centre Mall which has a food court on the 3rd floor. You seem like a big veteran in the business not someone who broke into trading recently because that would be on the NASD site. Thank you for straightening me out and I am moving on from this conversation now.
I'm glad you've finally decided to admit it.
Oh..by the way, I've never claimed to be a veteran. I let you know that I had a track record. There are certainly others with much more tenure than me. It takes a man to be successful in this business not a boy..or a brokerBOY for that matter.