What´s wrong with WTS?
- Thread starter ronin266
- Start date
"Don Bright, keeper of the facts." Nice ring to it!
Not sure why the rest of us useless, clueless speculators are even on this board. What the rest of us know to be true is mere 'speculation'! I guess all the traders that have talked to you, then talked to other firms, and have reported their experiences on ET are just speculating? LOL
Just keeping it 'real' here, Don. Have a good weekend.
FWIW... I've had several auto insurance companies in the last few years. Geico, AARP, Allstate, AAA, etc.
Things change each year, now I have Amica (and Hagerty for the "classic" cars) - why? Because things change.
Don
Things change each year, now I have Amica (and Hagerty for the "classic" cars) - why? Because things change.
Don
Don, I do the same with auto insurance but that's because they're always willing to give new customers a better deal than existing ones renewing their policy.
$1 seems low for 1k if it's not HFT. I think $2-$3 is probably the going rate for 1m shares discretionary style. Of course other things matter like the amount of leverage you're going to want, data, software, analytical tools, etc. You can expect to pay a little more if you're seeking leverage that;s 20x or greater on your capital. At least that's what I've seen.
I was a little peeved when a couple of the carriers asked about my "credit report" - I said, I don't use credit, I've been very fortunate, pay cash for everything etc.
No wrecks or tickets or anything... and the difference between some of the above, and Amica who doesn't worry about "credit" was about $800 per year... check them out.
(I am not a paid spokesman for Amica or any other insurance company, LOL).
And my two "classics" (old 73 Chrysler and my latest 74 Cadillac Eldo convertible) are only about $120 per year ... as long as I don't drive them more than 5000 miles per year. With Hagerty Insurance...Heck, I don't even drive my normal car more than that, LOL.
Don
Quote from ronin266:
Great car. Personally I prefer 70s muscle cars.
I like them too, of course. Even the 60's - had the Olds 442 back in the day, even a "barge" 66 Olds Starfire with 425HP - ran really nice.
Put a 1900 cc MGB engine into a 1960 Sprite Bug Eye (came with 1100 cc), kept breaking rear axles, but was fun to drive. A 1956 Austin Healey 100 4 with electronic overdrive...really really fun.
These days I fit better in the bigger cars, LOL.
My "racing days" were pretty much with boats and motorcycles however. I owned American Marine in Anaheim CA in the 70's. We built and raced some really cool boats. Gale Banks turbo charged 454Chevy, flat bottoms V drives, a few offshore boats etc.
Did the Barstow to Vegas MC race twice, that was horrific, LOL.
Don
while the above is probably true, it's only looking at one side of the equation. capital and risk being the other side.
most of those cbsx firms that you're referencing with those payouts aren't going to be allocating more than 10-20x trader capital, or if they do, capping it at low $ amts. i'd be really surprised if they'd let you use more than 10M, and i don't think anyone is stupid enough to leave mid-6figs in one of those accts.
which leads to risk, most of those firms are regulatory nightmares, and its been pretty commonplace to see them burn-up, freeze-up, or leave a trail of lawsuits behind while they start again with a fresh structure. not exactly confidence-inspiring.
so, really, those are the main areas where the more capitalized firms provide their value and allow them to be less competitive in the commission/payout arena. i do still think they lag in the technology dept though... there's quite a bit of volume waiting for them if they can get their game down there.
Don
You changed the subject on being competitive with your comm rates & payout
let's talk cars instead Lol. that is a surprise but i get it
If a trader does not need overnight bp or is Not doing any pair trading or capital intensive strategies then your over paying
If your strictly a day trader then most prop firms will offer the flexibility a trader needs based on their style With bp usually 40-1 plus intra-day
The trader has other choices that will save you money & still have peace of mind that your money is safe
bright is good for certain type traders but they want to appear like they are competitive with others prop firms , not true
I do like bright & know they offer some strategies that others don't at a premium
By the ECHO pays 100 % of profits & has lower commission rates & they are a 7 finra firm with chicago exchange just ike bright
You changed the subject on being competitive with your comm rates & payout
let's talk cars instead Lol. that is a surprise but i get it
If a trader does not need overnight bp or is Not doing any pair trading or capital intensive strategies then your over paying
If your strictly a day trader then most prop firms will offer the flexibility a trader needs based on their style With bp usually 40-1 plus intra-day
The trader has other choices that will save you money & still have peace of mind that your money is safe
bright is good for certain type traders but they want to appear like they are competitive with others prop firms , not true
I do like bright & know they offer some strategies that others don't at a premium
By the ECHO pays 100 % of profits & has lower commission rates & they are a 7 finra firm with chicago exchange just ike bright