Trading Rooms

Discussion in 'Prop Firms' started by dotslashfuture, Aug 28, 2002.

  1. And; probably Robert Tharp went to work for Don Bright is my guess ...
     
    #11     Aug 28, 2002
  2. I've learned a bit more since I started this thread, and basically it seems to be a legal liability/regulatory problem. I remember now about the mass murderer gunman that had lost his life savings and then went back to kill the other people in the room that weren't broke like him. The people that run the trading room can be sued if bad things happen in their room. Eventually there was the PDT rule and the series 7 requirement because of all the public uproar. The PDT is somewhat logical, but the series 7 requirement is just a stupid hurdle they are making you jump over.
     
    #12     Aug 28, 2002
  3. If you are talking about setting up a room with hardware and high speed connections; and not providing brokerage services, that is not your problem.
     
    #13     Aug 28, 2002
  4. Tried to set up a room like this once but it didn't work out. One person seems to carry the expenses when the others leave.
     
    #14     Aug 29, 2002
  5. JPB

    JPB

    This post looks a little silly without the one that used to be above it.
    Robert-
    Sorry, didn't mean to be nosey, but you had helped me get in touch with the guys in Phoenix. Hope all is well.

    -JPB
     
    #15     Aug 29, 2002
  6. yeah, its kinda like getting a bunch of your college buddies together and trying to figure out who is going to but all the utilities in his name...Then come moving time, everyone is suddenly short on cash...
     
    #16     Aug 29, 2002
  7. The Rules of TRADING CLUB.....


    FIRST RULE OF TRADING CLUB:
    You do not talk about Trading Club

    SECOND RULE OF TRADING CLUB:
    You do not talk about Trading Club

    THIRD RULE OF TRADING CLUB:
    When someone yells "Stoped out" or goes limp, the trading is over

    FOURTH RULE OF TRADING CLUB:
    Only one bullet per trade

    FIFTH RULE OF TRADING CLUB:
    One trade at a time, fellas

    SIXTH RULE OF TRADING CLUB:
    No suit and tie, no cologne

    SEVENTH RULE OF TRADING CLUB:
    Trades will go on as long as they have to

    EIGHT RULE OF TRADING CLUB:
    If this is your first day at Trading Club, you have to trade

    Rules
     
    #17     Aug 29, 2002
  8. nitro

    nitro

    Yeah,

    The only way I would do this if the expenses for a year were paid up front.

    nitro
     
    #18     Aug 30, 2002
  9. Don wishes...
     
    #19     Aug 30, 2002
  10. Just kidding; you ever going to call me?
     
    #20     Aug 30, 2002