WTS alliance with T3 Trading

[Alpha Trader]

If a subgroup is managing their traders well, then that is probably the route to go if you're going to join the firm.

You are spot on with this. However, I feel that the subgroups under WTS had more room and flexibility to operate efficiently. Under T3, these subgroups seem a little more constrained and have to work harder to achieve the same efficiency as previously.

With my subgroup, the transition has been amazing and I have to give credit for that to the group manager.

@ScalperJoe I have to side with you on the educational push. Are you trading with T3 or ex-WTS?

 

[ScalperJoe]

Are you trading with T3 or ex-WTS?

No, I got burned out daytrading stocks with prop, so I went back to retail for swing trading equities/ETFs and options, with an occasional daytrade on certain volatile days. I'm also doing the TopStep futures combine every so often, with the goal of learning the nuances of trading crude oil, which is volatile as hell, but does trend nicely on certain days.

Futures have limited symbols, yet provide enough good opportunities for daytraders. Also, it doesn't require the licensing and "professional fees" of equities if you're comparing it to the Series 56 route.

 

[ScalperJoe]

This goes back to the debate with Sgt. Slotter. Although he was correct in stating that T3 is no longer breaking down members' equity by specific class, T3's financials for 2014 are out, and as predicted, it raised its total members' equity and its net capital.

Total members' equity: $16.8 million (compared to $14.9 million in 2013)
Total net capital: $11.7 million (compared to $7.3 million in 2013)

So as it turns out Sgt. Slotter's scare tactics regarding doing business with this firm were unfounded, once again.