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The goal of T3Live is to create a tight-knit community of traders that breeds success through extensive education and positive interaction. Whether a beginner or long-time professional, we seek to offer valuable services to anyone striving to confidently navigate today's fast-paced markets. The T3Live Blog is a small offshoot of T3Live.com allowing non-subscribers a way to plug into the T3Live community and catch a glimpse of the larger T3Live.com offerings.

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The T3 Trading Group Annual Report on SEC.gov is interesting
Read the T3 Trading Group Annual Report before you apply for a job as a proprietary trader. In 2012, 99.89 percent of T3 Trading Group's revenues came from the trading fees T3 charges its proprietary traders. Only 0.106 percent of T3 Trading Group's revenues came from their share of the profits its traders made. T3 charges its traders for every share they trade. Traders are discouraged from trading a low number of shares per trade even if their trades lose a lot of money and even if they are placing the same number of trades.

The manager's free training classes were vague. The manager's free training materials were skimpy. T3 Trading Group sells a lot of training products. One year ago, the training products were a lot more expensive. I never paid for any of the company's training products. For one day and only one day, I listened to the T3 Chat Room. I printed the transcript of the one day period.

The T3 Trading Group Annual Reports can be downloaded from Edgar on the SEC website. The Annual Report is Form X-17A-5. The "Statement of Operation" (Income Statement) is interesting. The website address is: (www.sec.gov/edgar/searchedgar/companysearch.html).

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The shocking T3 Trading Annual Report on the SEC website
The T3 Trading Group Annual Report (Form X-17A-5) can be downloaded from Edgar on the SEC website. In 2012, 99.89 percent of T3 Trading's revenues came from the monthly fees and the trading fees its proprietary traders paid to the company ($15,106,432). Only 0.106 percent of T3 Trading's revenues came from its share of the trading profits ($16,082). T3 Trading charges its traders for every share they trade. Traders are discouraged from trading a low number of shares per trade even if their trades lose a lot of money and even if they are placing the same number of trades.

T3 Trading charged each of my co-workers about $1,000 a month in trading fees. The $1,000 a month does not include the losses from the trades. On some days traders were profitable, but on most days they were not. Many traders are also charged several monthly fees. Total monthly fees can be as low as $120 a month. After one month at T3 Trading, one unprofitable trader was allowed to double the number of shares he traded ($2,000 a month in trading fees). Some traders may have trading profits that will offset some of the trading fees (and monthly fees). My manager told us on several occasions that many traders deposit additional money when the fees and the trading losses deplete their initial $7,500 capital contribution.

Turnover at T3 Trading is high. The Linked In website profile of CEO Sean Hendelman reveals that T3 Trading has more than 400 proprietary trading jobs. My manager told us that it takes 6 months for traders to become profitable at T3 Trading. If the average trader quits T3 Trading in 6 months, then 800 people held those 400 trading jobs in 2012. In 2012, each of those 800 traders paid T3 Trading $18,883 in monthly fees and trading fees. Some traders may have trading profits that will offset some of the trading fees (and monthly fees).

What are the odds of being a successful trader at T3 Trading Group? In 2012, all of the traders at T3 Trading had $53,607 in trading profits. The traders’ share was $37,525 (70%), and T3 Trading’s share was $16,082 (30%). It is possible that 799 out of 800 traders received nothing, and one trader received $37,525. It is possible that 798 out of 800 traders received nothing, and two traders received $18,762.50 each (the equivalent of a $9.38 per hour full-time job). It is possible that the top one percent of the 800 traders received $4,690.62 each, and the remaining 792 traders received nothing. No wonder most traders resign in a short period of time.

The T3 Trading website reveals why revenues from the paid training products are not on the T3 Trading Group Annual Report: “T3 Live and T3 Trading Group, LLC are separate, but affiliated companies through common ownership.” The T3 Live website advertises two courses that cost $1,997 each. The Virtual Trading Floor costs $200 a month. T3 Live has many paid products. I never purchased any T3 Live training products. For one day and only one day, I listened to the Virtual Trading Floor. I printed the transcript of the one day period. My manager's free training classes were vague. My manager's free training materials were skimpy. About two months after I resigned from T3 Trading, T3 Live sent me an email that offered me a yearly subscription to the Virtual Trading Floor for $999.50. I was also offered a package of one course (I had three choices) and one year of private mentoring for $1,199.

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Pro Team !
The team is very professional and do great work with detailed analyses which are provided on this blog on a very regular basis. There are top level contributors who are experts in there niche.

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Alex666 Sevastopol, Ukraine

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Scott
The only good thing about this is Scott Redler. Otherwise way too many ads and they also started charging to access for premium service.

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PipMaster Orange County, CA

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Proprietary firms are casinos
There are some things people must understand about all prop shop firms. They are casinos. The firms make money off of your trading. So while your trading back and forth trying to make 100 - 200 a day and spinning your wheels these prop firms are getting rich. Yes the owners of the firm trade, but they are trading with the money they make off your trading. T3 is full of these guys. They trade off of charts and talk voo doo language all day. Look at the bios of all these guys. They all started trading around 1998's tech bubble, made tons of money and now run these gambling prop shop firms making money off of your trading, while pretending to give trade advice. These guys are also delusional because they think they have a grasp on what they are doing but are actually just saying what every other chart trading technician says. Go read "A Random Walk down Wall Street" chart trading is just foolery.

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Red Dog Is The Man
Scott Redler of T3Live is an awesome fellow. He gives great insight on the overall market and major financial issues. I really don't follow "big money" topics like gold, S&P 500 stocks, inflation, etc. (I'm a penny stock trader), but if you do, read his blog. T3Live gives you a good feel for what going on within wall street.

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Southlaketrader Seattle , WA

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great service
a good room to get trading ideas. Evan's blog is ok. I really like Scott's calls.

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Wish I had the $$$ for this service.
These guys are on their game! Not exactly my trading style but I would love to learn their style. They show the ins and outs of a day in the life of a professional trader. To have advice coming from a hedge fund would be the most beneficial thing for a trader to have on a day to day basis, unfortunately most are not that privileged. I do like the fact that there are people like the T3 group are showing financial transparency through the sharing of information. Great service!

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Tommy_Kurtz Hickory Tree, NC

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Easy to follow and extremely educational for new traders
I enjoyed visiting T3live.com and reading their articles about market sentiment. I was particularly impressed with the "Trader Education" section of the website which contains many articles about trading including trader's psychology and market technicals. I particularly enjoyed reading Evan Lazarus' blog comparing trading to golf which you can find in the "Trader Education" section. I can definitely relate to many of the articles on this site and, as a pretty new trader, I would highly recommend following this site.

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Spur20 Houston, TX

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Lots of Great information on Blog !!!
These Guys are just unbelievable. They provide lots of great information on all kinds of stuff stocks , options. etc. Lots of expert technical analysis guys who update the blog throughout the day.Scott Redler is always writing about market and stocks which are setup to move.I always read and listen to their commentary everyday to see where the smart money is heading. i would recommend everyone to use their free blog service so you can stay in touch with market moves. Thanks

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KaKa modesto, ca

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Strong Commentary
Great blog with strong commentary on daily affects in the market and anything changing within the spectrum. I have not tested out the chatroom but from what I see in the reviews it is very helpful.

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StocksWallStreet Tempe, AZ

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