Trading Rooms

I've learned a bit more since I started this thread, and basically it seems to be a legal liability/regulatory problem. I remember now about the mass murderer gunman that had lost his life savings and then went back to kill the other people in the room that weren't broke like him. The people that run the trading room can be sued if bad things happen in their room. Eventually there was the PDT rule and the series 7 requirement because of all the public uproar. The PDT is somewhat logical, but the series 7 requirement is just a stupid hurdle they are making you jump over.
 
Originally posted by dotslashfuture
I've learned a bit more since I started this thread, and basically it seems to be a legal liability/regulatory problem. I remember now about the mass murderer gunman that had lost his life savings and then went back to kill the other people in the room that weren't broke like him. The people that run the trading room can be sued if bad things happen in their room. Eventually there was the PDT rule and the series 7 requirement because of all the public uproar. The PDT is somewhat logical, but the series 7 requirement is just a stupid hurdle they are making you jump over.
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If you are talking about setting up a room with hardware and high speed connections; and not providing brokerage services, that is not your problem.
 
Originally posted by JPB
Robert,
Did you leave Echo?

-JPB
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This post looks a little silly without the one that used to be above it.
Robert-
Sorry, didn't mean to be nosey, but you had helped me get in touch with the guys in Phoenix. Hope all is well.

-JPB
 
Originally posted by Lord Byron
Tried to set up a room like this once but it didn't work out. One person seems to carry the expenses when the others leave.
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yeah, its kinda like getting a bunch of your college buddies together and trying to figure out who is going to but all the utilities in his name...Then come moving time, everyone is suddenly short on cash...
 
The Rules of TRADING CLUB.....


FIRST RULE OF TRADING CLUB:
You do not talk about Trading Club

SECOND RULE OF TRADING CLUB:
You do not talk about Trading Club

THIRD RULE OF TRADING CLUB:
When someone yells "Stoped out" or goes limp, the trading is over

FOURTH RULE OF TRADING CLUB:
Only one bullet per trade

FIFTH RULE OF TRADING CLUB:
One trade at a time, fellas

SIXTH RULE OF TRADING CLUB:
No suit and tie, no cologne

SEVENTH RULE OF TRADING CLUB:
Trades will go on as long as they have to

EIGHT RULE OF TRADING CLUB:
If this is your first day at Trading Club, you have to trade

Rules
 
Originally posted by Lord Byron
Tried to set up a room like this once but it didn't work out. One person seems to carry the expenses when the others leave.
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Yeah,

The only way I would do this if the expenses for a year were paid up front.

nitro
 
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