The one thing we dont need to hear

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Quote from mcelitetrader:

Yessir....timing can be a violent and vicious double edged sword....

Fall on the right side of it in this biz and you can feel like a God. Fall on the wrong side and it hurts....and this time it may sting a bit.....

I should have seen the warnings though....

anytime a firm doesnt update P&L for 3 weeks.....
anytime a firm doesnt respond to emails....
anytime a firm says nothing is wrong the day they are blasted with a margin call...
anytime a firm forces you to switch software......

these are run signals.....

Yes I tried.....one month ago I tried....being early to a funeral doesnt get you any points.
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Looks like you had the right intuition but there was nothing you could do about it by that point. And yeah -- those are glaring signs. Although if it's regarding a margin call you'd expect it was something recent, not a month ago, unless it's not about margin at all.

I'm sure a lot of people will be curious to know what happens.
 
I agree with the signs of trouble except for the switching software part. Why would that signal a bad event. Firms switch due to technology shifts. What did they change to/.from?
 
Why do people continue to trade at these shit shops?

Real simple--- Trade with Assent, Bright, Genesis, IB, etc.

Stop trading with tiny bullshit firms and go with the big houses where your money and your career are safe.
 
Hey longhorn

I'm going to namedrop.......Just listen in.... ever hear of Barings Bank....ever hear of Refco....what about Drexel....Im not even going to open up the Japanese banking meltdown. "Big Houses" as you say that collapsed faster than a tower of cards.

Get off your high horse. As if I need to be told that I'm in a bad situation.

Why is this board so full of people just like you. If comments arent going to add to the knowledge level then keep them to yourselves. Seriously......
 
Quote from mcelitetrader:

"Big Houses" as you say that collapsed faster than a tower of cards.
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Sometimes I wish there was more regulatory control over this industry and several lawfirms out there that will go to the mat for traders when faced with firms screwing the little guy out of his money. It seems inordinately dangerous for traders who join up with these firms -- who give great services (mainly leverage) -- but contractually pass all of the risk off, with extra risk that no one can control (like a firm blowing up), onto people who make a good living and provide profits for the firm but have no real ability to defend themselves.

I'm not saying HLV is gonna screw anyone over. Just that if it does, it sucks way harder for the traders than anyone else.
 
I understand a ton of guys are looking else where. We had a bunch enquire today.
gl to all
momo
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Momo (aka: Goldie) who are u kidding here. Your on this board wishing us luck with our money and u have had issues with money and traders not being paid yourself.

Listen, us traders are tired of being taken advantage of from firms like HLV and Goldie lucky for boards like this we can warn other traders about you.

To all traders unless your desperate stay away from HLV and Goldie.

Swift, Genisis, Avatar seem to be the most reliable at the moment.
 
Quote from HLVCE02:

Swift, Genisis, Avatar seem to be the most reliable at the moment.
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About to sleep but my bet's this guy's a shill for some firm called Avatar with few traders, trying to scoop up HLV evacuees.
 
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