prop

SEC closes ALL props from the 15th!

Bloomberg just reported, that the SEC closes ALL props from the 15th! (props – proprietary trading firm, they, who provides trading capital, subaccounts) By court order Judge A.G. Wallace 15th Manhattan District also American brokers will not be able to open accounts for offshore companies! Now, for intraday trading, you must exclusively have 25 000 + dollars on the account… Также многие крупные проп-конторы оштрафованы на многомиллионные суммы за нарушения законодательства… The SEC is also preparing a proposal, which will prohibit ALL non-US residents from trading on American exchanges…

About problems at the Broko company.

Theoretically, Brokos may be followed by other props, having accounts with Genesis, Holdbrazerz et al., and opening, so-called sub-accounts for traders from 1000 Dollars, which is a violation of US day trading account minimum laws (25000) and whether the trader has series7 for trading with the company's money. Let's hope everything works out.

Successes and failures: my-trade, some, Robert Weinstein, Sol, Goodbye, Don Miller

Entering a position without a stop. Averaging. Another. Yet. The depot sagged on 75%. First margin, the next day – second… Then – call from broker, who politely asks, are you going to get out of position, because the market will close in two minutes. Eh, memories… To learn from your mistakes – good deed, but life is short, all the mistakes can not be made in time, therefore it is useful to refer to the experience of other traders.

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