See what I mean Nitro?? I offer to help clarify things...and then when you ask simple qustions they divert attention...BTW...Beck has been in my office before...just like the guys at Questrade, AB, and all the other one side on trade guys....I pointed out his web site schmuck becuase if you are a FINRA member you must now put member FINRA plus a direct link to their site...( i was at the meeting when they intorduced this new rule...I think its dumb but hey..I know nothing right) still trying to google time and tick rule huh??? maybe wikopedia can help you...i doubt it though
Time and tick report ... Sounds like a report that states the time and the ticks ? Lol Ok, now please answer my questions: What's your pet's name, what's your credit card number and what mental hospital did you escape from ?
the joke is actually on you...Your making claims about what FINRA would do and the distribution of Buying Power....but you don;t know what a time and tick report is?????...Now your diverting with silly questions and trying to make a joke because...well, you are a joke....You don't know the rules...you don't know the games and you have no idea what your talking about ...but instead of asking intelligent questions and trying to be educated...You start bashing the one person on this board who could shed some light...anyone else who would really and truly like to know the scoop..the games...the truth the lies...let me know...Several of you have been Pm-ing me and have been very thankful for the info i have given you...this schmuck is a tool trader who works for the man and I can't waste any more time on him
I thought i was asking reasonable questions, but i have not received any answers. I told you my buying power and asked if you though my company was putting up 10m in cash. You responded will telling me that I dont use my buying power, its not real, and inferred i am some type of liar. These are all not true. I use my full buying power regularly. So i responded with asking you how you know more about my trading than i do. After that, you asked me how i was getting more than 10:1 leverage with no deposit. Obviously i cant answer that question as I have no idea. Its a prop firm, its supposed to be no deposit and big BP. Thats what i give up a % of profits for. Then, you asked me what would happen if my prop firm folded owing me 20k. ?!?!?!??! of course that is a risk of prop trading? They would owe thousands of people money, but that is a risk im fully willing to take. I believe that my risk of not being paid is lower than a random LLC that you were attacking threads ago for offering .003 or less. Finally, you seem to know a lot about penson, peter beck, clearing etc. So then wouldnt you know how prop firms get big BP? The best thing i can think of is borrowing money from penson/private equity, and using that to leverage traders. For instance, borrow 10m @ 6? 7? %, pay the 600k a year and then hope i return more than 600k a year in split profits? Doesnt seem like a good idea to me. I am still confused
I really keep asking myself, is this guy for real, is he just having a laugh or does he really have severe psychological/emotional problems ? The truth, like always, probably is somewhere in the mid...
Seriously, no way Swift has $150 million in their LLC's. I've worked there for a long time. It's been a while since I've seen someone showing off such childish behaviour as TM, name calling, bad language, non arguments etc ... last time really must be when charles Vaccaro was still posting here, lol
Swift I don't know or care. TM I know and he is a well respected member of the BD community, is or was running a clearing firm and knows more about the rules than I care to ever learn...
That's the difference. Most of the guys in this thread have worked there, some (like me) for a long time. We know swift and we KNOW that they don't have 150 million.