Trading with Jerry Olson(OJ) Message Board

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Strategies & Market Trends : Trading with Jerry Olson(OJ)

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To: Jerry Olson who wrote (1599)	8/13/2005 4:03:45 PM
From: Jerry Olson	Read Replies (1) of 1617

Happy weekend to you all. Ok here's the story on the New York Trading Firm I decided to go with. Their name is Genesis Securities and here's the web site for you to review. gndt.com They have offered me our proposal for the group and I'm sending it to you all to check out and sign and send it back to me via e-mail. We will be trading under Jerry Olson Group. All applications will be sent electronically via e-mail and should be filled out and printed out and then faxed to Genesis directly. At 212-668-0880 ATTN-- BILL GATIAN he's our contact at Genesis. As of right now their standard commission fees are 1 cent per share. As a group if we show them our volume and it's a good volume in "shares traded" not dollar volume they will consider a discounted commission after 90 days or so. You will have your own trading accounts with what ever amount of funds you wish to deposit..it's all up to you. $5000.00 minimum up to what ever floats your boat. Here are the CARDINAL RULES FOR TRADING LIKE THIS. 1. THIS IS NOT A RETAIL ACCOUNT THAT MUST BE FUNDED FOR $25,000 AND GET 4-1 LEVERAGE AND IT'S INSURED SPIC, AT 1 CENT COMMISSION RATE AS WELL. THEN IF YOU FALL UNDER 25K YOU BECOME A PATTERN DAYTRADER. 2. THIS IS CALLED A "PROP ACCOUNT" IT GIVES YOU 10-1 LEVERAGE AND THE MINIMUM REQUIRED FUNDS IS $5000.00 NOT INSURED. YOU ARE NOT CONSIDERED A "PATTERN DAYTRADER" USING THIS METHOD. SO YOU CAN TRADE ALL YOU WANT EACH DAY. IT ALL PERFECTLY LEGAL. 3. INSURANCE MATTERS NOT FOR 2 REASONS. GENESIS IS ONE OF "THE" LARGEST SELF CLEARING BROKER DEALERS IN THE ENTIRE INDUSTRY THATS WHY WE ARE THERE NOW. 2ND YOU ARE ALWAYS GOING TO CASH EACH EVENING EVEN THOUGH THEY WILL GIVE YOU 2-1 LEVERAGE OVERNIGHT IF YOU WISH. 4. YOU WILL BE PROVIDED WITH A TRADING SOFTWARE PLATFORM THAT WE WILL LEARN HOW TO USE TOGETHER. ONE OF OUR TRADING MEMBERS "BANDIT 195" IS ALREADY USING IT AND IT'S ULTRA EASY AND VERY FAST. YOU PUSH 1 KEY TO BUY THE OTHER TO SELL PERIOD. WE DO NOT NEED TO BE FANCY WE NEED TO BE RIGHT<VBG> 5. THEY HAVE FULL CHARTING CAPABILITIES AND IF YOU HAVE ESIGNAL YOU CAN TRADE RIGHT THRU THAT DATA SERVICE PROVIDER. TRADE IDEAS IS THERE AS WELL AND I'LL CHECK THAT OUT TOO. 6. IF YOU WISH TO SWING TRADE KEEP SOME FUNDS IN ANOTHER ACCOUNT. WE ARE STRICTLY LOOKING TO SCALP TRADE ONLY. AND FOLKS I WILL ENFORCE THIS MYSELF. WE WILL NOT BUY AND HOLD, WE WILL ALWAYS USE STOPS, WE WILL CLOSE OUT FOR THE DAY EACH EVENING AND GO TO CASH & SLEEP LIKE BABIES. 7. WE ARE SCALPERS ONLY PURE AND SIMPLE. WE'LL TAKE 20-30-40 CENTS 5-6 TIMES A DAY AND LAUGH ALL THE WAY TO THE BANK. YOU WILL USE ALL THE RESTRAINT YOU HAVE, NOT TO OVER TRADE!!!. WHAT I MEAN IS THIS. IF YOU FUND THIS ACCOUNT WITH SAY $10,000 THAT WILL GIVE YOU BUYING POWER AT $100,000 BUCKS INTRADAY. WHILE THAT'S PRETTY POWERFUL MONEY IT DOES NOT MEAN YOU GO OFF 1/2 COCKED AND TRY TO KILL IT EACH AND EVERY TRADE FOLKS. YOU'LL BE DOA BEFORE YOU START TRUST ME. 8. IF YOU GIVE ME PERMISSION I WILL MONITOR YOUR ACCOUNTS PRIVATELY, I'LL SPEAK WITH YOU PERSONALLY OVER THE PHONE AND COACH EACH AND EVERY ONE OF YOU INDIVIDUALLY TO HELP YOU GET YOUR HEAD STRAIGHT ONCE AND FOR ALL. I AM NOT KIDDING HERE AS I DOUBT WE'LL HAVE TOO MANY TRADERS SIGNING UP TO MAKE IT DIFFICULT FOR ME TO HELP EACH AND EVERY ONE OF YOU. LOOK I COULD CARE LESS WHO SIGNS UP OR WHO DOESN'T. THE BOTTOM LINE IS THERE IS POWER IN NUMBERS, AND I MEAN PRICING POWER AND TRADING POWER. 9. IF YOU ARE READY TO MOVE TO THE VERY NEXT LEVEL IN THIS PROFESSION THEN RIGHT FROM THE VERY FIRST DAY WE BEGIN TO TRADE USING THEIR PLATFORM AND OUR ACCOUNTS WE WILL NEVER VARY FROM OUR GOALS. SO IF YOU'RE USED TO TRADING SCARED BECAUSE YOU'VE BEEN UNDER FUNDED OR YOU'RE NOT UP TO SNUFF AS A PROFESSIONAL TRADER THAT ENDS AS OF TODAY. 10. I WILL HOLD NIGHTLY CLASSES IF I HAVE TO JUST FOR PARTICIPANTS OF THIS DEAL. I WILL ALSO CONSIDER HAVING A TECHNICAL MEMBER OF GENESIS DROP IN THE ROOM DURING THE LUNCH TIME DOLDRUMS TO GET US ALL UP TO SPEED ON THE TRADING PLATFORM ASAP. IN FACT OUR ROOM MEMBER I WAS TALKING ABOUT WILL DO THAT AS WELL. EVERYONE HAS TO BE ON THE SAME PAGE. 11. THE ATTACHMENT TO THIS E-MAIL IS FOR YOU TO READ AND SIGN AND SEND BACK TO ME. IT'S OUR GROUP DEAL. ONCE I GET THIS FORM BACK I'LL SEND YOU ALL AN APPLICATION FOR SIGNING UP AND THEN ONCE YOU'RE ACTIVATED YOU CAN WIRE FUNDS RIGHT FROM YOUR BANK TO GENESIS. OR FROM YOUR OTHER ACCOUNT AS WELL. 12. THEY ARE GOING TO HAVE OPTIONS STARTING IN SEPT. HOWEVER I WOULD NOT USE ANY FUNDS FROM THIS ACCOUNT TO TRADE OPTIONS. KEEP YOUR OTHER ACCOUNT OPEN USE IT FOR SWINGS AND OPTIONS. STAY WITH THIS ACCOUNT FOR SCALPS ONLY. I WANT EVERYONE TO SCALP TRADE FOR THE MONEY EACH AND EVERYDAY. I DO NOT WANT ANY DISTRACTIONS AS I FEEL IF YOU CAN GET IT TOGETHER WITH THIS LEVERAGE THEY OFFER AND TRADING WITH ME AND OUR FABULOUS GROUP OF TRADERS IN THE REAL TIME ROOM SHOULD REALLY BOOST UP YOUR CONFIDENCE TO SECURE YOUR FUTURE AS A TRADER. 13. JUST THINK ABOUT TRADING A QUICK 1000-2000 SHARES OF ANY STOCK AND SCALPING IT 4-5 TIMES A DAY FOR JUST 20-25 CENTS? I AM SAYING IF YOU'RE WILLING TO BE PATIENT, IF YOU'RE WILLING TO TAKE CORRECTIVE CRITICISM, IF YOU'RE WILLING TO BE A HARD NOSED TRADER USING THE UTMOST DISCIPLINE THEN I CAN SAFELY SAY THIS IS FOR YOU. THE REAL BOTTOM LINE TO WHAT I AM SAYING???----- YOU CAN ONLY LOSE WHAT YOU PLACE IN THAT ACCOUNT AND NOT A DIME MORE. WHY YOU ASK? BECAUSE IF YOU GO TO CASH EACH NIGHT, NEVER CARRYING OVER MARGIN INTO THE NEXT DAY YOUR SAFE AND SOUND ALL THE WAY. YOU UNDERSTAND THAT FOLKS???> "CASH OVERNIGHT IS KING"!!!!! ===================================================================================== I HOPE YOU ALL HAVE THIS TOGETHER AS WE START A NEW REAL TIME ROOM VENTURE AND A NEW TRADING GROUP TOO. VERY EXCITING AND HOPEFULLY REWARDING FOR US ALL. AS THE GROUP LEADER I WILL BE GETTING A SMALL "SPIFF" FROM GENESIS TO SET THIS UP. I WON'T GET RICH BUT I AM WILLING TO DO WHAT'S NECESSARY FOR ALL OF US. IF WE CAN SHOW VOLUME AND I CAN GET THAT COMMISH DOWN I'LL BE HAPPY FOR US ALL. COSTS OF DOING BUSINESS KEEPS GETTING HIGHER AND HIGHER. HOWEVER WE ALL HAVE TO "PAY" TO PLAY. EVERY SUBSCRIPTION SERVICE WE USE COSTS MONEY. JUST REMEMBER THIS PLEASE. YOU ALWAYS GET WHAT YOU "PAY" FOR. PERIOD END OF STORY.!!!!! WARMEST REGARDS & BEST OF LUCK. LET'S ROCK THIS HOUSE. JERRY

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