 Okay, everybody, we're about to get started here. My name is Richard Miller, and I just started a screen share, and I had to close out and reopen, so I believe some of you might have two screen shares open at the same time. I'm not exactly sure if that's the case. You want to be using the one where you could possibly see my mouse swirling around there in the middle of the screen. Okay, it looks good. Okay, Kathy, you want to... If you reset the room, Kathy, I don't want you to kick anyone out, but it seems like people are okay. I'm just... Okay, I think we're good to go now. Everyone could hear me okay, I'm sure. I'm monitoring from a separate computer, so I... Let's see, everything seems to be okay. Okay, very good. All right, let's get started here. Let me go ahead and change the slide. I want to welcome everybody to Sterling Capital Trader. We're a support team of experienced traders that provide software, technology, all kinds of advice and pretty much be your consulierge to your career as a trader. We connect you with education providers such as Melissa and other sources that could certainly help you escalate your performance. Okay, we're going to be talking about a few different things here, and what I'm going to try my best to do is I'm going to... For those of you who haven't done it yet, why don't you go ahead and maximize your presentation screen, because there might be some stuff at the bottom that might be falling off the screen, so I'm not sure of your size resolution. For those of you who have very tight resolution, you may want to lower from one time down to, say, three-quarter, two-thirds, but I believe everybody should be able to see everything okay. I have a lot of topics to discuss, so what I'm going to do is this, everyone. I'm going to go through the topics as quickly as possible, and I'm going to save the questions for the end, but I don't want you to wait until the end of the presentation for you to actually ask the questions because you might forget what they are, so feel free to chat your questions in the chat box, and I'm not going to be ignoring you. I see them coming in. I'm just going to wait until the end of the presentation go over there, okay. We're going to talk about Sterling Capital and what we do here. We're going to talk about Remora International, which is the prop trading firm that we would like to introduce you to. We're going to talk about the three different software providers that we provide, and we also could give you the demo trial downloads and spend some time with you over the phone and walk you through the installation process and give you some pointers and things of that nature. We're going to talk about the trade restrictions of Remora International, what they require from you, their trading fees, maintenance fees, and other requirements like daily max loss, things of that nature, and we're going to talk about how to get started, all right. Moving on, Sterling Capital Trader, we offer professional trading resources for large groups and individuals. We offer technical support to software providers, technology companies. We negotiate trading deals and offer risk backing for traders. What that means is this, there are a lot of proprietary trading firms out there that just don't take on anybody. They want to see that you're qualified. They want to see that you have a track record. Sometimes they want to see you're trailing 12 bank statements from your previous broker to see your trading style or your profits and losses. And they need to really do a vigorous betting because they're afraid that if you trade their money, which we're going to get into in a moment, that you might lose their money. So they want to make sure that they have all their bases covered. Going through Sterling Capital, we kind of back you, in addition to the backing that they give you, kind of like an insurance policy. And we make sure that we negotiate with the providers and kind of give you like a VIP pass to get in, even though you may not have the credentials or a track record from your previous broker into that nature. We'll get into that in a moment. And we connect traders to the best education providers on the net and also trading communities and different kind of resources like that. Let's move on to the next screen about Remora International. Now Remora International is a separate company. They're one of our proprietary trading service providers and we'll explain that a little bit more in just a moment. They provide all kinds of professional trading services. They are a private equity trading permit. What that means is this, they have a large corporate account with several broker dealers, just like you would have a brokerage account at whatever firm you were at in the past. They provide you with access with your own user ID and password and your own software to log in and have access to an allocated amount of money in their account. So look at it as a sub-account under a corporate umbrella. You understand? So it's one giant master large account with a bunch of little tiny accounts underneath it and we're going to get more into how that works. This company Remora was established in 1996 by expert traders and people in the industry who absolutely know what they're doing. They have lots and lots of experience getting through all kinds of turbulence in the market. For example, the market crash or the recession after Bill Clinton left his presidency. We went through that internet bubble. The firm was able to weather that storm. Remora also weathered 9-11 and all the other catastrophes that may have happened in the market. So I believe that the company has a very strong whole and they're able to weather any kind of catastrophe and storm. And if they got through that, then I definitely give them thumbs up and look at them as one of the most reliable companies out there in the net. They have bought out other prop firms over the years, other prop firms that were failing weren't making it. So you may be familiar with Remora if you have a history of being a prop trader. They're domiciled into the UK. They're outside the US, which is a good thing because inside the US there are some, you know, federal SEC rules and restrictions that say you can't do this. You can't do that. But being that they're domiciled outside the US and the UK, they have a different set of rules. And if they hire you as a subcontractor, because that's how it actually is physically done, they hire traders as a subcontractor to trade their capital, well, they have the right to hire anybody they want to work with them. And there's no concern for any breaking of any rules or anything like that. We'll get into that a little bit more later as well. They hire particularly educated or experienced subcontractor traders. Being that you're coming from this trading school, you're already deemed quote unquote a, especially if you're a graduate, you're already deemed an educated trader. They feel comfortable that you know what you're doing and you're not going to be reckless and irresponsible because we are confident that Melissa showed you how to do it the right way and what not to do. And again, we negotiate here at Sterling Capital on your behalf so we'd be able to get you the job, so to speak. Trade their private capital. We went over that. And those of you have questions about that, we'll save that for the end of the presentation. And their trading software is done through third party trading providers, meaning that they offer the Sterling Trader Pro, they offer TurboTik, they offer DOS Trader, which DOS is temporarily offline and will be coming back very soon. And they also offer other platforms like Diffusion and Tachyon and other ones that I don't care to get into at this point because either they're very expensive or they're difficult to work with for novice traders. And of course they have online reporting where you log into your daily, you log into a website that has all of your trades, a detailed report of all your trades with a time stamp, the route that you use, your profits, losses, commissions, costs, and fees. So everything is transparent and it's just kind of like the same as having an account that D-Trade, Scott-Trade or Ameritrade is just that you have a bunch of benefits here that are much better and we'll get into that more in just a moment. Let's talk about the member benefits for being a member or a subcontractor for Ramora International. First off, you get constant cash liquidity. What that means is this, if you're allocated, let's say $100,000, that $100,000 is not like on margin, it's cash. So if you take a position at 10 a.m. and you liquidate it at 10, 20 a.m., all that cash is available immediately upon liquidation. You don't have to wait like the T-plus-3. We're going to have to wait like an hour or two for it to become available again. As soon as you liquidate that cash, it's immediately available within milliseconds after the liquidation. So the cash is instantly available for the next trade. All right? It eliminates the T-plus-3. Some of you are familiar with taking a round trip into trade, especially if you're the kind of person who may hold overnight. When you liquidate that trade, you have to wait three whole business days for that cash to become available again with Ramora that doesn't happen because it's a cash account, not so much a margin account. All trades receive a larger percentage of profits, all traders, I meant to say, meaning there are some firms out there that say, sure, come trade our capital and they keep, sometimes these firms keep up to 50% half of whatever profits you make. With Ramora, they only keep a minuscule 5% of your profits. That's how they make their money. Let's put this in perspective. Let's just say you're a port-type trader. You make $1,000 a week. Of the $1,000 that you made off of their $50,000 or $100,000, you only want to keep $50 of it. We could even negotiate that down for you if you're a high-volume trader or whatever the situation may be to get that lower, but I think 5% to the firm is very, very generous in comparison to other trading service providers. That's called the profit split. The percentage is typically determined by your allocation of capital and your risk parameters. Okay, trader membership rules. They do have some rules. If you are trading with their money, basically the way it works is like this. They give you a 10-to-1 ratio of capital allocation and this fluctuates daily. What that means is this. Let's say somebody wants to join up and they want to trade $50,000 of the firm's cash. Will they instantly give you this $50,000? Almost like an instant credit line or a daily loan without you having to have good credit or qualify for it. The only thing that they ask from you is a collateral contribution of $5,000 to keep there as collateral against any damage that you might do with their money. Similar thing if anybody ever rented a boat on vacation sometimes. You have to put up $500 on your credit card just in case you damage the boat when you bring the boat back and it's in one piece they give you the $500 back. Well, they kind of work the same way, but in their case it's $5,000. If you make tons of money with their $5,000, distribute or withdraw your profits on a monthly basis when you're done trading, you want to quit. You quit anytime. There's no restriction on that. And you get whatever your $5,000 back plus any profits or less any losses, fees and commissions. So basically that's how that works. And here's an illustration. If somebody wants to trade $100,000 of cash, the firm requires $10,000 of capital for you to put up. And of course that money that $10,000 is yours and able to be withdrawn at any time, again plus any profits you made or any losses would be taken out of the $10,000. Also any monthly software fees which we're going to get into and deductions and things of that nature get deducted from that capital that is put up. 10% daily max loss rule. What that means is this. If you're going to be trading the money that belongs to somebody else, they have the right to put all kinds of restrictions on you that typically E-Trade, Scott Trader, Meritrade would do. And the 10% daily max loss rule means this. If somebody is trading say $50,000 of the firm's capital, they put up the $5,000, they're not allowed to lose, the trader's not allowed to lose more than 5, I'm sorry, 10% of the $5,000 in one trading day, meaning they're not allowed to lose more than $500. $500 is a big chunk of money for a guy who's for somebody who puts a $5,000. Most traders have a tight daily max loss of their own, their own inner rules that cut them off at $200,000, $300,000. But the firm gives you 10% with $5,000 up to $500,000. And if the trader fails to liquidate, let me back up for a second. If a trader loses more than $500 as $5,000 in capital, they're supposed to liquidate, either cover their short or liquidate their long position immediately and stop trading for the day on their own. If the trader fails to follow the rules on their own will, well, that's when a risk manager might notify that trader and say, hey, you're surpassed your daily max loss. We allowed you 20 minutes for you to piece your way out of it. You're taking too long, you have 5 minutes, or we're going to liquidate the position on our end. Typically, that's what they would do. They don't like to step in. After 2 or 3 times of stepping in like that, they might put a restriction on your account, lower your buying power, or even restrict your trading privileges entirely and kick you out. So you don't want to mess with them when it comes to the daily max loss. No overnight. Remora Capital wants everyone to be out of all positions no later than 3.59 pm. In fact, they don't want you to push to 3.59. They would rather you be out at least 10 minutes before the close, cover your shorts, liquidate, and sell all your long positions. This way, nobody holds overnight and they don't have to worry about a catastrophe happening in the middle of the night where you wake up in the morning and the stock price is less than half of what it was the day prior. Capital allocation privileges, they could be applied or revoked in the respect that if they give you 10 times buying power and they love your trading, they're not necessarily making money on a consistent basis but they see that you're not reckless and irresponsible. After several weeks or months of evaluation, they might bump you up to 15 times allocation, 15 times buying power. It doesn't happen very often but it does happen. If they see that you're reckless and irresponsible or they can see that you don't know what you're doing, they can cut your 10 times buying power down to 8 times or 6 times or 4 or 5 times. Any time, you know, when they please, because it's their money, their rules, and at that point you could either agree with it and be on like kind of probation until you kind of gain your respect for them again or some people would just close their trader ID and move on to someplace else. It doesn't happen often but I do want everyone to know that it's not like E-Trade, Scott-Trade, Ameritrade, a retail consumer, brokerage firm where you do whatever you want. You know, they have some rules in place because it's their money you're trading with. You're trading at your own risk. Now this is true for any broker dealer. Like I said, either the retail consumer giants or pro firms, trading at your own risk with technology issues means this. If you have a power outage in your neighborhood and you're in the middle of a trade and you have a hard time getting somebody on the phone or maybe you do get somebody on the phone and try to liquidate your positions and it doesn't happen in time. The stock could move the opposite direction and you encourage gigantic loss. There's nothing you could do to cry foul that they didn't pick up the phone fast enough or they didn't act fast enough. Whatever the outcome is, it's on you. Not on the firm, not on the technology provider whether it's sterling or turbo take or whoever. It's trading at your own risk and it's in the agreement forms that they have. Even if you don't have a power outage, a managing, you're just trading and you're trying to cover a short and you're using like edgex or one of the other routes to cover your short and edgex is it responding quickly enough because sometimes edgex isn't available to cover your 1,000 shares, whatever it might be at that particular limit order. So you'll have to refresh and go through all different kinds of ways to get out of your position until you finally use ARCA which is probably the most reliable route out there and if you enter your trade even using ARCA, if you enter your trade incorrectly you're going to get error messages and it's just not going to go through or it might just be pending, waiting out there to be filled if it's a limit order that's way out of the money and again if anything happens with the software where there is a malfunction of some kind typically on the end user again it's trade at your own risk it's on you. Turbo take with Sterling cannot take responsibility for technology failure that happens on your end and sometimes the technology failure is not on your end sometimes ARCA, the actual company ARCA is offline, needs to reboot their servers whatever is going on and they're not available sometimes they have something called what we call an electronic paper jam I'll explain what that means everybody in this room probably experienced one time or another where you're making photocopies on a photocopy machine if you're making 100 pages sometimes a 20 or 30th page gets jammed it's a paper jam in the copy machine you've got to open it up, pull the paper out piece by piece and get it back up and running well technology and service kind of work the same when you have trillions of bits of data plowing through computers through what we would consider a garden hose of piping you know sometimes these trillions of bits of data you know per minute gets stuck and people call it a glitch there's all different kind of names for it but it happens, it happens on the side of ARCA it happens on the side of NASDAQ Instanet or Brutal one of the other routes it can even happen on the New York Stock Exchange which we've seen in the past these things happen and that's why we traded our own risk we have all this wonderful direct access technology and we use it to our benefit but we also are taking the risk that something might go wrong if something goes wrong somewhere and you lose money you pretty much don't have much recourse because that's the way the business works and this is not only true with proprietary trading firms it's true with the big firms that are trading, Scott trade and all the rest of it okay remote trading only meaning that remora hires traders to trade remotely from the comfort of their personal location whether you're at your business or home or wherever they don't have an actual on-site facility or facilities here in the US or abroad where people sit down and trade they used to in the past but it's become obsolete because people would rather trade from their personal locations disbursements are on the 15th of every month what that means is this, if somebody wants to take out the profits that they made for December they must let the firm know later than December 31st so that they could get paid on January 15 it's kind of like the firm needs two weeks notice to prepare that money and withdraw it from wherever they need to withdraw it from and replace it with other funds to keep the balance of buying power from the large group into that nature so 15th of the month it's a very very strict rule and request to take out money even if you close your account and you want all your money back or whatever you got left versus plus profits or less losses you need to get your request in no later than the last day of the previous month so you wait 15 days and you get it there if somebody fails to do that they send an email on the 5th of the month say I want to get paid on the 15th not happening they will have to wait until February 15 in this scenario to get paid moving on, simple blocking and security protection meaning this, there are some times where you'll have a stock say a pharmaceutical stock that's on very shaky ground on the Tuesday morning because there was some kind of an announcement that their pharmaceutical drug is killing people or whatever it might be it's not confirmed to be true it's not confirmed to be false the stock is up and down and all over the place because of this news the firm reserves the right to block that symbol from being traded they feel it's too risky it might be a threat to their company so they could block symbols which they don't do very often but just to let you know that you might try to trade a symbol and you get an error message saying this symbol is restricted what that means is the security risk protection department there had put a restriction on those symbols move it on very quickly Elite Trader Pro used to be the prior company that they brought out requirements, no license required you're trading private funds that are not public money meaning these are not moms and pops that invest their money into a fund and allow you to trade it you need a license to do that to trade the money that belongs to the public when you're trading remorse international's capital it's their own private money the owners of the company took money out of their own back pocket and they're taking a private risk to allow you to trade their funds therefore you don't need a license especially at the fact that they're located in domicile in the UK and they have different set of rules there minimum deposit is typically 5,000 because they like to have a little bit of a cushion the I say typically 5,000 because they do allow $3,000 of security collateral for you to put up and you can get started with as low as 3,000 but the problem is this if you fall below $3,000 what happens is the restriction start coming in where the 10% rule might become the 5% rule that we talked about earlier the daily max loss rule you may not have 10 times buying power they might reduce it to 6 times buying power it doesn't happen immediately but $3,000 is heading towards $2,000 and that's when it becomes very risky to give someone $20,000 of buying power capital and they only have $2,000 in their account what if a stock gets halted and they're maxed out $20,000 in the position stock gets halted opens up 20 minutes later less than half of what it was the trader might lose $3,000 in one shot it's possible so they'll lose their $2,000 plus a few thousand that belongs to the firm that's why it's very, very risky to go below $3,000 and that's why they typically ask for $5,000 so you have a little bit of a cushion there they could cancel anytime before the end of the month I'm sorry you the trader could cancel your account if you decide that you don't want to trade anymore cancel anytime before the end of the month to avoid fees if somebody calls up on the second or third of January or February and say you know what I don't want to trade anymore I want to close my platform and I want the rest of my funds back that person is going to have to pay the entire month for the software fee the software providers do not prorate so if you quit on the third the fifth or the tenth whatever you have a whole month they will not reimburse you so if anybody wants to cancel you have to do it before the end of the month this way you don't get charged for the beginning of the next month okay we went over that if anyone wants to quit anytime you receive the remaining net sum of your collateral contribution including any profits you have sitting there or any losses in trading expenses we talked about all funds are dispersed on the fifteenth of the month requests must be made no later than the last day of the previous month and anybody who wants more information or you want to request your funds when it's time to quit being that sterling capital trader is like your constantly errors we do all the support for you because remora doesn't handle support and all that stuff they're a provider capital and trading service services it's not their specialty to hold people's hands and talk to them and walk them through installation of software and stuff that's our job to do that so they outsource it to us as a support company and if anyone wants to withdraw their profits at the end of the month or they want to close their account they can always send an email to support sterling capital trader and we will pass on the request to remora and take care of that for you trading activity reporting is something that comes we talked about it briefly earlier where at the end of the day actually the next morning it's not real time every morning your trading activity from the previous day is updated in the computer system so in the morning you're able to see all the trades you did yesterday and the days before going back as many years as you've been there to see daily report weekly report of all your trading activity all trade details available like I said earlier meaning the time stamp of the trade what route you use commissions cost fees ECM fees things of that nature exchange fees are all details you can export your own reports they don't send a monthly statement like it's old school where firms used to send a monthly statement in the mail to show the pages and pages of people's trading activity remora does not do that they allow you to log on and download your own monthly statements if you want to or to see them online and that information stays there forever at the end of the year when you make all your profits instead of paying capital gains taxes which is enormous especially here in the US you'll receive a 1099 as a subcontractor this is the same 1099 that say a worker would get for painting your house you know it's that or construction work or any kind of worker who is an independent contractor you get a 1099 at the end of the year and that 1099 might say that hey you made X amount of dollars in revenue in earned income not capital gain but personal income which now opens up the ability for you to start writing off expenses towards that income for example your cell phone your travel expenses meals and entertainment computer equipment software into that I mean the list goes on and on and on so by the end of the year if you could save or document all your monthly costs specifically that may have paid on a credit card of everything that could be trading related you could use those as expenses to write off against your personal income at the end of the year and that would reduce or even eliminate any tax liability entirely it also helps if you develop some kind of an S corporation for yourself you get much a bigger bang for your buck when it comes to expenses on that we cannot provide that kind of accounting advice but it's something that you may want to look into is opening up an S corp if you're here in the U.S. remora is responsible to report their trading activity at the end of the year meaning this typically people who trade on their own at the end of the year they have to give their accountant a long long list of all their trades in going and outgoing you know by sales the accountant has to go through all of these numbers individually and report it to the government being that you are not the owner of the master account you're a guest in the home and someone else's home you're a subcontractor given allocation to trade someone else's money you don't have to report every single detail trade that you did at the end of the year it's remora's responsibility that they have to report at the end of the year you're just a subcontractor who is paid for your services as a trader and that's the end of it the money that you've made is ordinary the money that you may have lost is operating costs that's how people documented on their returns it's operating costs it's money that you put up for your your own personal capital venture the same way that a painter has to buy buckets of paint and all kinds of tools and equipment and pay employees to paint a home or a building the same thing with you so your losses your trading software fees your ticket charges all the expenses are considered operating expenses and you get to use that as a write-off but it's not capital losses for example people may lose money at Scott Trady to Ameritrade and have what they call capital gains or capital losses that they can hold over to the next year in this respect it's not capital losses it's operating expenses or a loss of income and things of that nature and you can talk to your accountant about that traders typically write off all their expenses just like I discussed and they get a huge reduction on taxes at the end of the year level 2 direct access trading platforms is all we provide here at Sterling Capital and Remora only uses them for those who don't know what direct access platform is by now if you've been through Melissa's courses you may want to do some research on that but typically with direct access you get to bypass the middleman or many middlemen go directly to the NASDAQ or the New York Stock Exchange to execute your orders and you have real-time streaming quotes as you can see in this illustration our platforms the DOS, the Sterling the TurboTik are loaded with all kinds of studies and they're customizable they have everything from stochastic indicators to fibonacci retracement I mean very complicated stuff it's my understanding that Melissa and most of our other instructors or education providers don't use that stuff they want to keep it simple because keeping it simple has been proven and tested to be the best way to day trade specifically but nevertheless these platforms are equipped and loaded with tons and tons of bells and whistles that you're never going to use so they're kind of over-qualified to have more things than you actually need trading execution costs DOS Trader Pro $250 a month TurboTik Pro $250 a month if you hold them side by side they're pretty much identical in features and functions cosmetically they might have some subtle differences but as far as functionality, execution efficiency, slippage they are all top notch in all those departments and if one chooses one over the other there's no there's no specific feature that DOS has that is superior to TurboTik and vice versa they're pretty much the same and we provide the support for both of those meaning support meaning walkthroughs and teach you how to customize your settings and set up your hot keys or shortcut keys whatever you call them now the Sturgeon Trader Pro that is the Mercedes of the platforms out there it's $395 a month and it's loaded with more bells and whistles but it's specifically for high frequency high volume trading expert traders of five plus years experience it is the kind of platform that pretty much never goes down cos it is expected that your platform will go down or crash or something like that or the provider might crash or have a glitch on their end a few times a year possibly maybe once or twice a month more than a few times a year it happens sometimes it requires you to close your platform reboot it and start it back up again with Sturgeon Trader Pro that number is reduced by a large margin they very very rarely have even the slightest hiccup in their quotes or their system in any way and like I said they're primarily accommodate high volume high frequency fast traders who need to get in and out with in milliseconds many many times per hour without a hiccup without a hitch traders pay the greater of .005 per share or 4.95 per ticket or order but not both what that means is this if you buy let's say 200 shares it's 4.95 a ticket why because it's the greater of .005 see if you did .005 times 500 shares it comes out to $2.50 so the greater of the two is 4.95 but if you buy 3,000 shares it will not be 4.95 much more because it will be .005 times 3,000 shares plus the ECN cost and exchange fees typically traders do not put in orders of a single order for two or 3,000 shares in the day trading world that's considered suicide in most cases but unless you're an absolute expert but that's the way it works .005 per share which is say $5 for a thousand shares or 4.95 per ticket per order but not both one of the other there are ECN route charges and they're all passed through meaning unlike some of the other firms out there remora does not mark up the ECN fees or exchange fees basically they just pass it on to you so if you use ARCA and they charge .0026 per share you use $2.60 for a thousand shares that gets passed on to you remora does not mark it up the rebates are also passed on to you for those of you who know about removing liquidity or adding liquidity you would know that most routes will reward you for adding liquidity they'll give you an actual rebate they give to you money instead of you paying them $2.50 for a thousand shares for you like $1.50 or $1.80 for a thousand shares or more it depends on which route you use and that's something you may want to explore so that is all passed through and let's just say you rack up $100 of rebates ECN rebates by the end of the day or the week or whatever it is remora will not touch that money that money belongs to you exchange fees such as FSCC there are some others they're miniscule they like pennies per thousand shares but they're all passed through they're not marked up in any way and they're not tampered with low cost and free routes are available for example if you want to use brute instead of arca they might offer a lesser charge on particular trade and there is Ajax and Ajay that offer a better bounce or even a much better bank for your buck on rebate trading so all of the routes are available and something that is not here in the PowerPoint that I need to add is shortable the shortlist there are some clearing firms out there that are horrible when it comes to the shortlist for the day meaning stocks that are highly desired to be shorted sometimes are not able to be shorted because the clearing firm doesn't have enough in their inventory to let short is borrow for the day remora uses multi clearing through different clearing firms so if one clearing firm doesn't have the stock to short another would so you very very rarely will ever have any problems with shorting stocks through remora direct access trading platform they're fully loaded with all the major chart studies they have real time level two streaming quotes time and sales window of course very important before and after market trading data level two data with total view with total view means is you get all of the market makers and ECNs in your level two screen and you can see deep levels to see what players are waiting online to buy and what players are waiting online to sell yes Melissa just says that the shorting access is important to her traders and it's pretty much important to all day traders who know what they're doing in my experience and I've been doing this for almost 20 years now I have to say that most intraday traders probably short more than 70 or 80% of the time versus going long I know this does fluctuate throughout the year throughout you know earnings season things like that but overall there's a hell of a lot more shorting going on than there is buying and getting back to the slide show level two data with total view it's very important that you see all the people standing online metaphorically speaking to buy the stock and who's waiting online to sell it for shorting you get all of the primary routes which is Nasdaq, New York, Brute, Arca, Edge, Ajax this power point is a little outdated there are lots more they're important but the list goes on and on I think they all have about maybe 10 or more routes and they also have dark pools for those of you who know what dark pools are they're also available as well the platforms have the major indices such as the Dow Jones, S&P, the Russell the comp the list goes on and on and professional charting tools like we spoke about earlier and all the charts studies and everything is pretty much customizable every which way possible to your liking and you'll be able to kind of set it up to your personal preference with a lot of ease it doesn't take a college course for you to study tons of material and how to modify it's very simplistic plus we are here to walk you through it over the phone programmable short keys that's important to a lot of traders and they're very easy to do as well on the sterling, the DOS and the turbo tick for those of you who want to get started say if you wanted to do the sponsorship and you wanted to find out more about remora capital what's in get started with opening up a trader ID with them and trading their capital you simply visit the don't do it now because I want you to pay attention here we're going to do this after and I'm going to Melissa if you're listening in why don't you go ahead and just type in www.sterlingcapitaltraderltd.com in the chat room make sure you spell it right because it's a mouthful that URL when you people are ready to get started this is how you do it you go to the website up at the top you can click our services and choose the thing at the bottom no Melissa it's not right it's that sterling trader the sterling capital trader you've got the word capital no worries okay so back to the screen if you want to our services and choose the last one proprietary trading services or on the home screen if you see that yellow arrow down here you just click on trader sponsorship and employment opportunities it's the same thing it's it's proprietary trading is what we talked about before we get hired as a subcontractor and they sponsor you meaning that they put up capital for you to trade you know the member we talked about that fifty thousand hundred thousand that's called sponsorship or employment and that's the way they worded them and for those of you who want to let's go back oh yeah so once you do that and you click on that the proprietary trading or the sponsorship tab it takes you to the the proprietary trading registration form so you just simply enter all your information there it's a bit it goes to sterling capital we pass it on to remora remora goes ahead and sends you the agreement forms I think it's about ten pages where you could read more about their all their little stipulations and then further instructions on how to get started another thing I want to go to is the software demo trial I didn't make a slide specifically for it but it's the one in the middle if you see that the I don't know if you could see yeah if you could see my mouse swirling around software demo if you click that one you will see the list of sterling turbotik and DOS again DOS is not available and I'll go into why in just a moment so we'll hold up later because I did see a question in that but the turbotik is the one that we've been using for the past few months it's in high demand the turbotik like I said is equally as robust and efficient as the DOS in fact there are a lot of DOS traders that it switched over to turbotik a few months ago starting back in October and they like it they want to stay they don't want to go back to DOS anymore so I would suggest that everybody download the DOS sorry the turbotik if you want to take a two week trial and you can practice trade with fake money all that kind of stuff if you're the kind of person who wants to pay a little extra for sterling you can download the sterling there as well simply by registering for it and we went through that changing the screen waiting for it to load up on your side there we go okay subcontractor trader agreement forms they come to you in a PDF form from remora they are fillable it's back in the day remora and a lot of other companies would send out a PDF file with 5 or 10 agreements and you'd have to print it complete it by hand scan it or even fax it in no more remora now and most of the companies have the fields that are fillable on the PDF file so you open up to you make sure you save it to your computer fill in the fields one by one and make sure you save it a lot of people get to the bottom they complete all the information and then they close it forget to save it they have to do it all over again and then they try to email the unsaved document and we get a blank document or blank agreements make sure you complete it save it to your computer then close it and and then go ahead and email the saved file it does not work on your cell phone people try to complete it on their cell phone or their tablet or device and try to send it that way it doesn't work for some reason it doesn't save you got to do it from your PC or a Mac fillable fields save before closing email the forms back to us once you email the completed forms you get a confirmation email you know within a reasonable amount of time hours or a day and then you get more instructions on what to do further and then after you get those instructions you proceed to send your funds by wire to the wire instructions provided in the agreement forms and then you receive your installation and logon credentials for the turbo tick or the sterling within 24 to 48 hours and you're off to the races and you're operational or ready to go so that's pretty much it I want to thank you all for attending I am going to stay here for a little bit and answer some questions again the link is sterling capital yes she got it right this time it says sterling capital trader LTD.com our Skype address is trader.network1 for those who want to Skype chat requests and that kind of thing I didn't put the phone number here because we don't want an avalanche we would rather you do it from the website and do it online and email us and then we will call you in the first come first serve in that particular order okay so let me go back I don't see many questions here only Joe asks what's the problem with DOS there is no problem with DOS it's just that the clearing firm right now is getting set up with back testing or have been setting up and have back tested to sterling and the turbo take is a priority and the DOS is still in there I think their second or third week of practice trades with many traders using that product it's real money it's just that they're doing a lot of high volume frequency trading black box stuff things that don't involve you and it hasn't passed the test yet once it passes the test then it will be it will be available to the public are there any other costs and the monthly software fees and the actual trade costs at this time there are not but there have been some talks that sometime in the future they may implement a $25 a month maintenance fee they call it and that is to provide the salary for the girls that work at the risk department and the guys who work in the trade support that nature because they put in a lot of hours and also the capital allocation to pay for the $50,000 or $100,000 allocated let's call it credit line that's extended to you every day that's getting expensive from the providers as well and they feel that $25 a month for a $50,000 or $100,000 is a big bargain so that answers that question for Ranch Trader and I answered Joe's well by the way Joe the Doge Trader will be coming back we're expecting it in the next few weeks it was supposed to be December 15 then it was pushed to January 1st and now they're pushing it to maybe January 20th or possibly February 1st again it's not done passing all of the high volume high frequency black box trading tests it may pass certainly pass the test for you and I to trade but again they're not going to release it just like NASA will not launch a rocket until it's absolutely 100% guaranteed it's going to work what's the first tier of trading volume kind of discount for share typically it starts at a million shares or more a month will start to reduce a million shares or more a month will reduce your ticket charges and per share costs and then I think it's 2 million after that it's 2 million shares above lower 3 million shares so it goes into 1 million share intervals from what I believe now Bob I also want to add that see this is why it's tricky the the let's call the window price is what we spoke about before 495 a trade or .005 per share whichever is greater however there are some traders out there that do have a trading style where they they work their cells into a position of say 500 or 1000 shares in multiple trades they do 100, 100, 100, 100 to scale in and 100, 100, 100, 100 scaling out well if you're the kind of trader that trades like that or even close to it to build up a 500 or 1000 share position to stock and you're doing like 5 or 8 trades to get in it and 5 and 8 trades to get out well it would be absurd for you to pay 495 a trade for all of those trades scaling in and out it would make sense it would cost you $50, $60 you know in a particular position so if somebody has a history of high volume trading in that capacity we will certainly absolutely 100% work with you on a per share basis and up the per share to say .008 per share we'll work with you in order to make it reasonable and doable because again we want you to make money because specifically remora want you to make money because they want that little 5% of your profit at the end of the month they want you to make $10 grand a month so they could make $500 from each trader you know what I'm saying at the end of the month or whatever it is so the more money you make the more money you keep the more money they make and plus they want you to stay for a while they don't want you to burn out your account commissions costs and fees in 2 months for crisis you know they want you to be around for the next 20 years and they will definitely work with you and it's on a case by case basis and vice versa there are other traders out there again it doesn't apply to you but it's important that I get it out there there are traders that like to buy 5 to 10,000 shares of stock at one time typically low price stock based from around 8 to 10 bucks .005 per share times 5,000 shares it's like $50 in and $50 out those people will also be worked with the opposite of what I said before where they'll pay a flat fee of say 8 bucks a trader and they could buy up a certain amount of shares and it will not be per share so remora will certainly work with you and it's up to us at Sterling Capital as your support person it's up to us to provide the support and hold your hand and walk it through everything and make sure everything is on the up and up yes a ranch trader that's split is 95% of your profits to you and 5% to the firm and this is not etched in stone meaning that we could even see if we can negotiate based on individual traders to get it even better where the trader keeps 98% and the firm keeps 2% this specifically goes out to traders who have a long history, a long track record of making money every day traders like Melissa or traders like Mike DeGioia and other people out there who are they make $500 to $1000 a day in some cases they are not going to give up 5% of that to the firm traders that have 5 plus years of experience so we will negotiate for you on your behalf on a case by case basis any other questions before I run okay so once again I thank you thank everyone for attending check out that sterlingcapitaltrader.com website register online there are some forms the site is still under being refurbished so not all of the pages have a registration form but the two that are most important the stock trader employment proprietary trading page fill that out get your agreement form so you can look into it and click on where the software demos are and download that turbo tick this way you get yourself a demo and you can play around with it and you will receive our phone number and an email and you can call us and we'll walk you through everything and provide all the support Melissa I thank you so much for giving me the opportunity to speak in your room and do the presentation please keep me in mind to do this again and again maybe once a month or whenever how often you'd like and I thank you I'm going to put my email address before I sign out in the room it's support at sterlingcapitaltrader.com boom thank you Bob and thanks everyone else for listening in I'm going to mute my microphone or log off and I welcome you all to email or contact me directly thank you so much and have a great day