ermm .... how is it possible that you can allow people trading with your subaccount although they have no series 7 license.... isn't this prohibited by the SEC?
They way I understand this is if your account goes negative $2000 your out of the ball game. With a $15 ticket charge, thats only 70 round trips. A new trader wouldnt stand a chance.
KKR guy911 is the owner of daytraderpro.com and speedtrader.com...you can find his name on the one of the websites and then look him up with the NASD to see how long he's been in business, what liscences he has, etc... frankly the daytraderpro.com deal seems like a good way to blow $2000.....Guy is taking no risk at all, and you're paying him per transaction... Trade what you see, not what you think.
They have the equivalent of a $15 ticket charge (that's the minimum commission for an options trade) and you can start trading 1 or 2 QQQ option contracts. The P/L may not be that much right away but if you make 20-30 points a month and that's a living. Then you can start trading more contracts and slowly work your way up. When you have 5K, you can switch to IB which only charges $2 a contract. Don't feel bad if you're starting with a small amount. There are choices and ways to do it safely. Don't give your money away to some shady day trading firm with outrageous ticket charges. If you want to, ask this guy911 for phone numbers of some others who started with a 2K deposit and made it anywhere.