Live Chat Seminar with My Broker I use @ Market Close – WTC Trading Private Equity Firm – I reccomend signing up!
Jan 25, 2010 Small Cap Stock Picks
Ive been with WTC trading since august of 2009 and have been extremely happy with my stay there. Customer servive with Dave Babich and Troy Neal have been awesome. Comissions are extremely fair, executions are excellent, And the Sterling trading software i use is a great all around software package. We will be holding a live chat session in our Chat room HERE at the market close today with me and WTC’s David Babich to answer any questions you may have about the firm.
Eastern: 4pm
Western: 1pm
One thing to take note about this firm is that you can have full day trading capabilities if you are under the $25k daytrading pattern rule. Just $5k to start and you will have unlimited day trading abilities.
Details:
Details:
WTC TRADING Service Overview
Founded on the principals of responsiveness and flexibility, WTC and it founders work passionately to provide each of our clients with professional-level services designed to enhance access to trading and business development opportunities. At the heart of our trader services, WTC provides active individual traders with the ability to dramatically expand their capabilities through Private Equity Trading services.
Traders are effectively hired as independent contractors to trade firm capital, receiving a minimum of $50,000 intraday buying power for marginable securities (NYSE, NASDAQ, AMEX) and $10,000 intraday buying power for non-marginable (OTCBB, Pinks) securities. Combine this firm buying power with 100% payouts on trading profits, superior client service, sophisticated trading platforms, and a top-notch reporting system, and you’ve got a powerful combination of assets that makes up WTC.
TRADER REGISTRATION PROCESS
To register as a private equity trader with our affiliate group, you’ll need to complete the following steps. The overall registration process typically takes between 2 to 4 business days. With questions pertaining to the trader registration process, please call 1.866.473.5069 or chat with a WTC representative online.
Step 1: Research and choose your preferred Direct Access Trading platform. Currently, InstaQuote and Sterling Pro are offered for firm traders.
Step 2: Complete an online trader registration form.
Step 3: Sign, Date, and submit your completed trader agreements via fax or scan/email to our representatives.
Step 4: Deposit your membership capital ($5,000 Minimum) and login to PropReports to view transfer details.
Step 5: Complete software quote agreements provided by your WTC representative.
Step 6: Login to your trading platform and begin trading!
Interested in becoming a firm trader?
Registering to become a trader with our affiliate private equity firm is quick and easy. Simply fill out an online registration form and a WTC representative will contact you within 24 hours to conduct a phone consultation to answer any questions pertaining to the registration process.
Based on trading style and a desire to see the firm’s traders profitable, we’ve created a special package for TheTechnicalTrader.net members:
MEMBERSHIP PACKAGES:
Membership Type 1: $700/Month + $.0005/share ECN rebates when adding liquidity
Membership Type 2: $1,000/Month + $.0015/share ECN rebates when adding liquidity
Membership Type 3: $1,500/Month + $.0022/share ECN rebates when adding liquidity
Membership Type 4: $2,500/Month + $.0028/share ECN rebates when adding liquidity
*NOTE: WTC is not a brokerage firm and neither receives nor benefits from transaction-based compensation.
BUYING POWER/FIRM GUIDELINES/SUPPORT:
We get many questions asking what trading restrictions our firm applies. To address these questions, we’ve put together the following list of our group’s guidelines and a couple examples of how buying power is calculated on a daily basis:
Overnight positions are allowed at a 4:1 ratio (Exposure: Deposit) for marginable securities and a 2:1 ratio for cash positions. However, to reduce overnight risk to the firm, we require that no more than 50% of available overnight buying power is held in any one position.
Traders receive access to a minimum of $50k intraday buying power for marginable securities on the US Exchanges, and $10k intraday buying power for cash securities. Typically, stocks above $5 will be fully marginable while sub $5 stocks are considered to be non-marginable.
We utilize a $2,000 risk cutoff level to protect firm capital. For example, if a trader were to deposit $5k with our holding firm, they would receive $50k intraday buying power. If, at any point and time, the trader incurs more than $3,000 in total losses, they will be restricted to a “CLOSE/CANCEL ONLY” status that will prohibit them from entering new trades. At this time, WTC’s risk management group evaluates the existing open positions, consults with the trader, and determines if the firm is comfortable with allowing the trader to maintain the positions. As designated risk managers for the firm, WTC representatives do have the authority to close positions our using our back-office programs.
WTC provides support for our group’s traders five days a week, Monday-Friday from 9am to 9pm EST via our live chat feature, instant messenger, or our toll-free line 1.866.473.5069. Additionally, the firm’s traders will have access to our group’s designated broker-dealer trading desk for intraday trading issues, short locate requests, etc.
Useful Links for this topic:
http://www.wtctrading.com/faqs_buying.php
REPORTING SERVICES:
WTC uses a sophisticated third-party reporting system called PropReports (www.propreports.com) to provide traders will the ability to stay on top of fees, taxes, profits on a daily basis. For traders interested in joining our group, who would like to learn the PropReports system, a demo can be access at https://demo.propreports.com with login:
UN: trader
PW: trader
Useful Links for this topic:
http://www.wtctrading.com/trading_tracking.php
DEPOSITS/WITHDRAWALS:
WTC works closely with our affiliate private equity trading firm to assist in the timely processing of incoming deposits and outgoing withdrawals by the firm’s traders. Deposits and withdrawals are typically processed within 1-2 business and there are no restrictions on withdrawing trading profits or restrictive lock-up periods for initial deposit/membership fees.
Note: Idaho Independent Bank acts as the designated bank for our affiliate private equity trading firm.
Useful Links for this topic:
http://www.wtctrading.com/trading_transactions.php
http://www.wtctrading.com/faqs_funding.php
