Do you subscribe to a realtime quote service?
If so and you are paying less than a few thousand dollars per year then you are unlikely to be paying professional exchange fees. That means you are liable to having your service withdrawn by your broker and your quote provider and are probably breaching SEC regulations.
I asked because I was surprised at your suggestion to someone who appears to be a good trader that he was jealous of your "job" as a stock promoter. I would guess from what you have disclosed that a good trader would be crippled by the obligations and responsibilities your "job" brings to such a degree that the compensation you receive is not worth it. The professional exchange fees you are obliged to pay due to your "job" is just one example.
eSignal's notes on professional subscribers:
You are a professional if you meet any one of the following criteria for the entire term of your subscription and must sign further agreements. In addition, you are subject to the appropriate exchange fee structure:
1. You are subscribing on behalf of a firm, corporation, partnership, trust or association.
2. You use the information in connection with any trade or business activities and not for personal investment.
3. You plan to furnish the information to any other person(s).
4. You are a securities broker-dealer, registered representative, investment advisor, investment banker, futures commission merchant, commodities introducing broker or commodity trading advisor, money manager, member of the Securities Exchange or Association or Futures Contract market, or any owner, partner or associated person of the foregoing.
5. You are employed by a bank or an insurance company or an affiliate of either to perform functions related to securities or commodity futures investment or trading activity. |
