Recent content by 0verbyte

its a bit more complicated than that now with Knight. essentially the gunslingers now are the Programmers & their supervisors. while i was there i saw numerous algos, internal systems etc being put into production without approval or full testing. there was no manager there that understood...

i used to work at Knight. i am not surprised this has happened. Fuck them all, except for the few friends i have there. i should make a few phone calls to see how they are doing.

ever since the postal reorganization act of 1970 the post office has been an independent agency. independent except for the fact that congress would pilfer the postal services revenues whenever congress couldnt find money for its shit. also, the private sector cannot do what the postal...

makes sense. all the people that couldn't accurately value financial securities also couldn't correctly value women. no woman is worth $2000 an hour.

i've known prostitutes with finer character in the redlight districts of germany. to call these DABA leeches prostitutes is a dishonor to the lovely girls of Cologne. Fact.

Your mediocrity amuses me. What the hell do starving children have to do with this? Thain deserves every bit of the bonus he wants. He saved MER shareholders alot of money, BAC overpaid massively. Hats off to Thain, arguable the most clever exec of the big five investment banks of yesteryear.

since when do prop firms give an all in rate??????

you can trade prop without licenses if the firm you are trading to is not a member of FINRA (s7, s55, s63) or the PHLX(S7 only). As an example, prop firms registered with the chicago exchanges do not need to hold any licenses to trade. Sooner or later everyone is going to need to their...

i don't know where you all trade, but every prop shop in the New York City - Jersey City area start out new traders with 50/1 intraday with 5K minimum down. the trading industry is mostly commoditized. 50/1 leverage is the min leverage you will get. 5K is the minimum capital contribution...

nope those are the rates for a newby to trading at Echo. 90% payout with .7 per share, 50/1 leverage and an open book fee of $60 a month.

from my experience, the unsuccessful prop traders left the business within a year or two and took some corporate job, accountant, trade support / operations etc. and those jobs are not that easy to come by because of that prop trading history on their resume. corporations big and small look at...