quote:Originally posted by wdcisco: The challenge is pretty tough..I actually haven't traded anything since I sold dpdw...
I am working on opening my account with prodigy..just looking through the fine print...
I'll be back up and running in a few days--hopefully
Was reading through your board, and I see you have the attention of some great traders on here. I used to be a regular around here too, but took a step back....I now have Prodigy and I LOVE it. Good luck to you!
-------------------- Study before you buy, Sell before you think about it....
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I have a Quick question: (ace--if you read this too feel free to answer as well )
I was going through the agreement and it states:
"This Agreement and Trader's engagement hereunder shall continue until two years from the date hereof, and shall automatically be renewed for successive one year terms unless either party gives the other notice of non-renewal not less than 90 days prior to the end of the initial two year term. PTG may terminate this Agreement for any reason upon not less than three business day's notice."
Do you know if this means its a "two year" contract or just how long the agreement will last?
Its $8.00 a trade...If you do not trade at least 30 trades in a one month period they charge you $100.00 PLUS 150.00 for software per month...If you hit that 30 trades per month you pay nothing but the $8 per trade ($16.00 roundtrip)...I don't think I am gonna sign up (right now) if its a contract....
posted
So basically it's at least $250 per month, either by fees or trades. Yikes. I don't trade near enough to shell out that kind of cash
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Its $8.00 a trade...If you do not trade at least 30 trades in a one month period they charge you $100.00 PLUS 150.00 for software per month...If you hit that 30 trades per month you pay nothing but the $8 per trade ($16.00 roundtrip)...I don't think I am gonna sign up (right now) if its a contract....
-wdcisco
That's not right! There's no charge, all you would pay is for the software fee, and it's $100 not $150. Also you don't have to stay with them for 2 years. You can take your money when ever you want...Why would he get a $100 fine and still have to pay for software...doesn't make sense!
but if you had less than 30 trades, ask keith if he will let you slide and not pay the software fee and he will probably let you...Especially your first few months!
Also if 30 trades equals $240 that's nothing if you are making great money...you are planing on makeing money right? You can make $240 in one trade!
posted
Good point ace...I'll make sure and ask Keith to "Let me slide" lol...
This is what I don't get:
"5.3 Expenses. Trader shall be charged a commission of $8.00 per ticket with minimum of 30 tickets per month. Commissions are charged and debited from Trader's RC on a daily basis. In addition, Trader shall pay PTG a monthly fee of $100 in the months the Trader does not do 30 tickets. Additional Expenses are characterized in an attachment (attachment 1) to this document."
"Additional Fees may be applicable. Fees are passed through to the Trader at the individual provider’s cost, which may vary and are subject to change. These fees are characterized as Software, Execution or Banking related.
Software Fees (OnmiPro): Real-Time Level 2 Quotes: $100 Option Quotes: $50 *Software Fees are waived if Trader does 30 trades within a month"
Are they talking about the same fee ace?
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quote:Originally posted by wdcisco: Good point ace...I'll make sure and ask Keith to "Let me slide" lol...
This is what I don't get:
"5.3 Expenses. Trader shall be charged a commission of $8.00 per ticket with minimum of 30 tickets per month. Commissions are charged and debited from Trader's RC on a daily basis. In addition, Trader shall pay PTG a monthly fee of $100 in the months the Trader does not do 30 tickets. Additional Expenses are characterized in an attachment (attachment 1) to this document."
"Additional Fees may be applicable. Fees are passed through to the Trader at the individual provider’s cost, which may vary and are subject to change. These fees are characterized as Software, Execution or Banking related.
Software Fees (OnmiPro): Real-Time Level 2 Quotes: $100 Option Quotes: $50 *Software Fees are waived if Trader does 30 trades within a month"
Are they talking about the same fee ace?
Yeah, the $100 fee is the software fee....same thing...My first three months I didn't make that many trades, and I kept waiting for the $100 to come out, but it never did! keith is cool and understanding!
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posted
Ace, no offense dude, but I get the feeling you're not fully disclosing. Do you have any relationship with prodigy other than tha tyou use them? Seems like you are "selling" them more than just offering your opinion.
In addition, thikn of it this way, someone opens an account with $2500 and you say "it more than pays for itself if you're planning ot make money". Really? So someone who makes 10% A MONTH, which is an unrealistic goal for 99.9% of traders, would only barely cover fees?
I don't doubt the power of the products, or the usefullness of anything, but I do thikn this is NOT a platform for newere traders or people without large trading accounts.
quote:Originally posted by Ace of Spades:
quote:Originally posted by wdcisco: Pc,
Its $8.00 a trade...If you do not trade at least 30 trades in a one month period they charge you $100.00 PLUS 150.00 for software per month...If you hit that 30 trades per month you pay nothing but the $8 per trade ($16.00 roundtrip)...I don't think I am gonna sign up (right now) if its a contract....
-wdcisco
That's not right! There's no charge, all you would pay is for the software fee, and it's $100 not $150. Also you don't have to stay with them for 2 years. You can take your money when ever you want...Why would he get a $100 fine and still have to pay for software...doesn't make sense!
but if you had less than 30 trades, ask keith if he will let you slide and not pay the software fee and he will probably let you...Especially your first few months!
Also if 30 trades equals $240 that's nothing if you are making great money...you are planing on makeing money right? You can make $240 in one trade!
quote:Originally posted by PCola77: Ace, no offense dude, but I get the feeling you're not fully disclosing. Do you have any relationship with prodigy other than tha tyou use them? Seems like you are "selling" them more than just offering your opinion.
In addition, thikn of it this way, someone opens an account with $2500 and you say "it more than pays for itself if you're planning ot make money". Really? So someone who makes 10% A MONTH, which is an unrealistic goal for 99.9% of traders, would only barely cover fees?
I don't doubt the power of the products, or the usefullness of anything, but I do thikn this is NOT a platform for newere traders or people without large trading accounts.
quote:Originally posted by Ace of Spades:
quote:Originally posted by wdcisco: Pc,
Its $8.00 a trade...If you do not trade at least 30 trades in a one month period they charge you $100.00 PLUS 150.00 for software per month...If you hit that 30 trades per month you pay nothing but the $8 per trade ($16.00 roundtrip)...I don't think I am gonna sign up (right now) if its a contract....
-wdcisco
That's not right! There's no charge, all you would pay is for the software fee, and it's $100 not $150. Also you don't have to stay with them for 2 years. You can take your money when ever you want...Why would he get a $100 fine and still have to pay for software...doesn't make sense!
but if you had less than 30 trades, ask keith if he will let you slide and not pay the software fee and he will probably let you...Especially your first few months!
Also if 30 trades equals $240 that's nothing if you are making great money...you are planing on makeing money right? You can make $240 in one trade!
Ask keith all these questions!
You are low-life...I lost all respect for you! I never gave anyone any reason to think that!....
I'm done with allstocks! This is a waste of my time!
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posted
LOL, I'm a low life for saying it's crazy to think that a new trader with only $2500 can make 200% a year. Uh, okay... Good luck with your trading...
quote:Originally posted by Ace of Spades:
quote:Originally posted by PCola77: Ace, no offense dude, but I get the feeling you're not fully disclosing. Do you have any relationship with prodigy other than tha tyou use them? Seems like you are "selling" them more than just offering your opinion.
In addition, thikn of it this way, someone opens an account with $2500 and you say "it more than pays for itself if you're planning ot make money". Really? So someone who makes 10% A MONTH, which is an unrealistic goal for 99.9% of traders, would only barely cover fees?
I don't doubt the power of the products, or the usefullness of anything, but I do thikn this is NOT a platform for newere traders or people without large trading accounts.
quote:Originally posted by Ace of Spades:
quote:Originally posted by wdcisco: Pc,
Its $8.00 a trade...If you do not trade at least 30 trades in a one month period they charge you $100.00 PLUS 150.00 for software per month...If you hit that 30 trades per month you pay nothing but the $8 per trade ($16.00 roundtrip)...I don't think I am gonna sign up (right now) if its a contract....
-wdcisco
That's not right! There's no charge, all you would pay is for the software fee, and it's $100 not $150. Also you don't have to stay with them for 2 years. You can take your money when ever you want...Why would he get a $100 fine and still have to pay for software...doesn't make sense!
but if you had less than 30 trades, ask keith if he will let you slide and not pay the software fee and he will probably let you...Especially your first few months!
Also if 30 trades equals $240 that's nothing if you are making great money...you are planing on makeing money right? You can make $240 in one trade!
Ask keith all these questions!
You are low-life...I lost all respect for you! I never gave anyone any reason to think that!....
I'm done with allstocks! This is a waste of my time!
posted
No you are a low-life for acusing me of saying that Im not disclosing that I have some type of relationship with prodigy or something...you couldn't figure that out?...read your post geniuse...that's what makes you a lowlife...
"Ace, no offense dude, but I get the feeling you're not fully disclosing. Do you have any relationship with prodigy other than tha tyou use them? Seems like you are "selling" them more than just offering your opinion. "
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posted
So you're saying you have no relationship with them other than customer? Sorry, but whether that's true or not, it's not an unfair question to ask, given your posts about the platform.
quote:Originally posted by PCola77: So you're saying you have no relationship with them other than customer? Sorry, but whether that's true or not, it's not an unfair question to ask, given your posts about the platform.
Guilty consciences react defensively.
No..offend ones, pissed off ones, and hurt ones react that way....what relationship could I have? You have been a pric to me the last few days for no reason!
I've been helping new traders with their questions more than anyone here!
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posted
Okay, you're entitled to feel that way, just as I am entitled to ask questions. You're the one who flipped out on me twice for asking legitimate questions that I would bet other people had been thinking. If you want to be offended, have a blast. Life's too short to get that riled up about a question on a message board.
And I'd bet a few people would take exception to your assertion that you "help people more than anyone here"
I'll tryo to avoid reading your posts in the future to make sure I don't offend you...
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posted
I'd appreciat that....that makes sense...if your main goal is to be an A-hole to me...not reading my posts may solve the problem....Great idea!
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posted
I turned about $200 into $12K in about 5 1/2 weeks a few months ago but it was truely a once in a lifetime run for me . The ticker symbol was ECFL and it was a micro penny stock . Could I do it again ? I highly doubt it but am damn sure going to keep trying .
-------------------- ----- Game Over -----
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posted
Yeah, there are always going to be cases of people gettnig "lucky" like that. I hope someday we can organize a set of trading rules that significantly outperforms the market on a consistent basis, with a hard and fast set of rules that leaves no room for interpretation.
posted
um.. futile mission, i think.. the nature of the market is such that each time a set of rules / strategy like that surfaces, people adopt it, and adapt to it -- meaning it loses its edge.. just like a knife that goes dull.
the only dimension in which we (individual traders) can outperform the market is the psychological one. sad truth is, most of the money we make (or lose) is taken from (or given up to) other traders just like us. those who are more dedicated, more disciplined, more attentive -- beat those who are less apt.
people who make profits on consistent basis do not react to their emotions, trade because they want to trade well not because they're greedy, and are able to develop an intuitive understanding of the market without being swayed by it. not everyone can pull that off..
jmo..
-------------------- the market is not your mother
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posted
See, I disagree with a few of your points. The fact that the market trends higher in the long term gives an opporunity for people to make mony without necesarrily "costing" or "taking from" others. I think your point rings truer in penny stocks, i.e., in order to make money on penny stocks you're basically taking from more inexperienced people. I just don't think the same is true in big boards. Maybe I'm being naive though...
Oh well, I'll keep trying!
quote:Originally posted by fourseven: um.. futile mission, i think.. the nature of the market is such that each time a set of rules / strategy like that surfaces, people adopt it, and adapt to it -- meaning it loses its edge.. just like a knife that goes dull.
the only dimension in which we (individual traders) can outperform the market is the psychological one. sad truth is, most of the money we make (or lose) is taken from (or given up to) other traders just like us. those who are more dedicated, more disciplined, more attentive -- beat those who are less apt.
people who make profits on consistent basis do not react to their emotions, trade because they want to trade well not because they're greedy, and are able to develop an intuitive understanding of the market without being swayed by it. not everyone can pull that off..
posted
i dunno man.. i managed to turn a $25K account into $500, so what do i know..
actually, that's tuition cost for learning what not to do.. now onto the "wdcisco challenge", trying to do it the right way.
i think you're right about the big boards -- there you compete with hedge fund managers, and heavy-duty trading algorithms. honestly, i don't know which one is worse.
-------------------- the market is not your mother
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