WTC Info Session – Sunday Night With Dave

by | May 17, 2010

[May 16, 2010 7:04:14 PM EDT] WTC-Dave hello IUG Traders

[May 16, 2010 7:04:34 PM EDT] jj1 hi

[May 16, 2010 7:04:34 PM EDT] WTC-Dave I’d like to thank Nate as usual for allowing me to chat with his traders about WTC’s services

[May 16, 2010 7:04:37 PM EDT] bmon Hello Dave

[May 16, 2010 7:05:25 PM EDT] WTC-Dave for those of you who aren’t familiar with me or my firm, my name is Dave Babich, and I own a small trading firm called WTC (www.wtctrading.com) which enables trades who have less than $25k to join our group

[May 16, 2010 7:06:02 PM EDT] WTC-Dave trading with our group offers a variety of benefits, so I’ll lay those out briefly and then explain a bit about our structure:

[May 16, 2010 7:06:52 PM EDT] WTC-Dave 1. Traders are able to join our firm with a minimum membership deposit of only $5k and will receive a guaranteed $50k buying power for marginable stocks following an initial evaluation trading period

[May 16, 2010 7:07:31 PM EDT] WTC-Dave 2. Since many of you trade penny stocks (OTCBB/Pinks) in this group, we’ve added on a FREE route called CITI to trade these markets.

[May 16, 2010 7:07:55 PM EDT] WTC-Dave Additionally, we offer traders the ability to trade on these stocks at 2X their cash for some added flexibility

[May 16, 2010 7:08:38 PM EDT] WTC-Dave 3. We pay out 100% profits to all firm traders, and both original capital deposits and any accrued net gains can be withdrawan at any time via secure bank wire or online transfer

[May 16, 2010 7:08:55 PM EDT] WTC-Dave 4. We have NO lock-up periods on profits or original membership deposits

[May 16, 2010 7:09:29 PM EDT] WTC-Dave 5. We are NOT a broker, and have negotiated an insanely good deal with our clearing firm (www.etc-clearing.com), so there are NO COMMISSIONS!

[May 16, 2010 7:10:34 PM EDT] WTC-Dave 6. In addition to the CITI route for OTCBB and Pinks, we also have setup ARCA, BATS, EDGX, EDGA, LAVA and several ATSs (Algo Trading Suites) including XFINDER, UBSAGG, UBSPASS, NITEFAN and NITECOVERT

[May 16, 2010 7:11:19 PM EDT] WTC-Dave for those of you unfamiliar with ATSs, they allow our traders to hit “hidden liquidity” that is not displayed in the Level II, and thus capture potential price improvement

[May 16, 2010 7:11:59 PM EDT] WTC-Dave 7. We have STERLING PRO as our designated DMA (Direct Market Access) program with full analytics, unlimited charting, level 2, advanced routing execution, and more…

[May 16, 2010 7:12:44 PM EDT] WTC-Dave Sterling is known for having very little latency as far as data feeds are concerned. We have full real-time demos available for traders to get familiar with the trading platform before going live

[May 16, 2010 7:13:52 PM EDT] WTC-Dave 8. Customer Service. I know every firm out there sais they have great CS, but we make it a point to provide our group’s traders with 100% prompt follow-through and personal touch. Many of the group’s current traders will attest to this aspect of our business

[May 16, 2010 7:14:37 PM EDT] WTC-Dave Thorugh our firm, traders become sub-contracted traders, are NOT required to maintain licensing, and have FULL DAYTRADING CAPABILITIES.

[May 16, 2010 7:15:16 PM EDT] WTC-Dave 9. Since alot of traders through Nate’s group short stocks on a regular basis, we made sure that the clearing firm we signed on with had an excellent short inventory.

[May 16, 2010 7:15:34 PM EDT] WTC-Dave we also have rapid STOCK LOCATES for hard-to-borrow stocks

[May 16, 2010 7:16:06 PM EDT] WTC-Dave we maintain regular contact with all our members via SKYPE, so if any issues arise, traders are able to get quick resolutions and support

[May 16, 2010 7:16:19 PM EDT] WTC-Dave FEES:

[May 16, 2010 7:17:23 PM EDT] WTC-Dave WTC charges a normal monthly membership fee of $700 that covers the members access to our group. However, as a May special for Nate’s members, we reducing this for the first month to $500 with 100% ECN rebates for month #1 of the membership

[May 16, 2010 7:17:42 PM EDT] WTC-Dave this deal willl be good for anyone signing up with our group by Tuesday, May 18th

[May 16, 2010 7:19:36 PM EDT] WTC-Dave in addition, we typically offer 20% of all ECN rebates when adding liquidity. As part of this special, we’ll be offering 100% rebates!! For example, if a trader were to trade 500k shares and add liquidity 50% of the time using the most aggressive rebating ECN, EDGX at $2.90 per 1000 shares, that trader could earn $725 in ECN rebates

[May 16, 2010 7:19:55 PM EDT] WTC-Dave thus, the trader could actually be PAID for TRADING and receive 100% of net profits

[May 16, 2010 7:20:49 PM EDT] WTC-Dave the registration process is very straight forward, takes just 2 to 3 days to get up and running

[May 16, 2010 7:21:10 PM EDT] WTC-Dave so, with that, I’ll open the floor up for any questions….

[May 16, 2010 7:22:16 PM EDT] dogfooddog what fees are associated with trade execution?

[May 16, 2010 7:22:25 PM EDT] dogfooddog besides ecn’s obviulsy

[May 16, 2010 7:22:54 PM EDT] WTC-Dave we pass through all direct clearing fees, no mark-ups, and they include: SEC, TAF, Clearing, NSCC, NSDQ

[May 16, 2010 7:23:30 PM EDT] WTC-Dave Clearing would be the heaviest of those, but we’ve got a clear rate of $.000125/share ($.125/1000) so $125 per 1 million shares traded

[May 16, 2010 7:23:30 PM EDT] dogfooddog no ticket or per-share?

[May 16, 2010 7:23:38 PM EDT] WTC-Dave no ticket and no per share commissions

[May 16, 2010 7:23:47 PM EDT] jj1 i trade 10 to 15 trades a week,but have been losing alot ,so your service sounds great,can u deposit more into the account,like 10,000 and get more buying power?

[May 16, 2010 7:23:50 PM EDT] WTC-Dave so, it’s a perfect setup for SCALING in and out

[May 16, 2010 7:24:11 PM EDT] WTC-Dave jj1…YES, you can deposit $10 and get $100k

[May 16, 2010 7:24:16 PM EDT] WTC-Dave $5k is just the minumum

[May 16, 2010 7:24:41 PM EDT] jj1 can it be set up as a joint account with my dad?

[May 16, 2010 7:25:31 PM EDT] WTC-Dave yes

[May 16, 2010 7:25:40 PM EDT] WTC-Dave even as an LLC or partnership

[May 16, 2010 7:26:29 PM EDT] Nate What I suggest to traders is to only take 2-3:1 … Don’t need traders going nuts and blowing up just because you have buying power

[May 16, 2010 7:27:12 PM EDT] WTC-Dave I agree 100% with Nate..in fact we restrict the initial BP to lower ratios until we get to know a trader and they get to know the trading platform

[May 16, 2010 7:27:23 PM EDT] WTC-Dave our goal is profitability and retention of traders

[May 16, 2010 7:27:46 PM EDT] WTC-Dave we also have a 1-month minimum commitement, and want to see traders stick around long after that

[May 16, 2010 7:30:00 PM EDT] Nate Guys feel free to ask Dave any questions you may have about it … Pattern day trade rule etc … He’s here to help

[May 16, 2010 7:30:19 PM EDT] Nate If none, that’s cool too 🙂

[May 16, 2010 7:30:53 PM EDT] jj1 so with your service there are no worries about the pattern day trading rules

[May 16, 2010 7:31:01 PM EDT] jj1 correct?

[May 16, 2010 7:32:42 PM EDT] WTC-Dave correct…we maintain an account at ETC with a minimum of $250k that qualifies for pattern daytrading and all the trades that are made are under this account

[May 16, 2010 7:33:30 PM EDT] jj1 cool, so we pay 700 a month ,which includes everything

[May 16, 2010 7:34:31 PM EDT] degarza22 For removing liquidity what route is recommended?

[May 16, 2010 7:35:03 PM EDT] WTC-Dave correct..but again, we’re offering the special, 1st month just $500

[May 16, 2010 7:35:27 PM EDT] jj1 ok

[May 16, 2010 7:35:56 PM EDT] WTC-Dave as long as you complete our pwork by close of biz on May 18th, you can get that deal

[May 16, 2010 7:36:10 PM EDT] WTC-Dave the real kicker about that deal is the 100% ECN payoouts

[May 16, 2010 7:36:16 PM EDT] WTC-Dave ECN rebates can really add up

[May 16, 2010 7:39:25 PM EDT] WTC-Dave ok, well, that looks to be it..if anyone’s interested in joining, please feel free to contact us at 1.866.473.5069 or you can hit me up via SKYPE at TRADERDAVE73

[May 16, 2010 7:39:37 PM EDT] jj1 when and do we apply,there is a link above the chat ,just use that one?

[May 16, 2010 7:39:37 PM EDT] WTC-Dave thanks again for the FORUM

[May 16, 2010 7:39:47 PM EDT] WTC-Dave www.wtctrading.com

[May 16, 2010 7:39:57 PM EDT] WTC-Dave click on the TRADER REGISTRATION button on the right

[May 16, 2010 7:40:06 PM EDT] WTC-Dave Demo Requests are there also

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