Well well well, it seems that the Exchange has now approved the 56 for our traders. So, the traders that had to take the S7 after taking the S56. I know I spoke for taking the 7, which is good everywhere, the last couple of years, but since these exams really don't reflect a traders ability, I'm good with it now. All the best, Don
Sure, feel free to give me a call, MON-Thu - at 702.739.1393, mid trading day. Or call Rob Friesen at 604.539.8700... we'll discuss the variables involved and give you the details. Don
It's good that they are easing up on that. I personally have felt for years that licensing exams are just schemes to steal a few bucks out of people's pockets. It's like that for every type of business and it just gets worse and worse. Fortunately, traders for private funds don't need licensing but that will change in time. Soon enough, you will need to pay and take a licensing exam for taking a shit. I still can't believe the public has let the government take it this far without revolting. We're moving closer and closer back to slavery everyday.
LOL, geez, try to set up a little side business and get flak for it.... No, not me, not in California anyway, too many taxes there... Thanks guys for the link, Don
With half of the people "getting their living" from monthly government check... the other half of us working, paying taxes to fund the hand outs... and the government elites making laws for all of us to follow but from which they themselves are exempt... I think we're already working for our slave masters. Just isn't obvious to all yet.
what dons not telling people is clearing commissions is so cheap its incredible. Most people don't know this but brokers pay a flat fee per stock symbol to clearing houses. Like yesterday I traded 250k of fb stock. I pay $1.50 /thousand and have 50-1 buying power. I have 4 accounts and 3 are retail and this one is for daytrading. so I leave 50k in there and can buy up to $2.5 mil of stock. I pull my profits out weekly and been with this firm 7 yrs I can hold 10-1 overnight but rarely do. So in the example above the firm might have paid $3-$5 total for my 250k of fb were I paid $1.50/thousand or $375 so they make a killing. Now if traded 100k shares a day and 100 different stks then they lose but that rarely if every happens. since 99% of traders are flat by days end then its just a computer program that tabulates everything and it costs little