Recent content by BankBank

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    So. Cal. Prop Firms

    prop trading is, very simply, taking positions in the market using someone else's money. usually a bank's. goldman hires prop traders. they employ prop traders. many banks, even very small ones, have prop trading. frequently, the prop trades are an activity done on the side, with the trader's...
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    My Experience at a Prop Firm

    heart beat of america... that's a good one :)
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    who do you use?

    oanda. best reputation (licensed platform to abn amro), most sensible market making (no fixed spreads).
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    Oanda down??????

    so your broadband connection doesn't connect to oanda but your dial-up connection does connect to oanda yep, definitely problem on their end :confused:
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    HLV "Training" Program

    for what it's worth, the business model for prop traders (at least when I traded there) was scalping Lucent. it can be profitable, i saw people take home checks.
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    So Now That Refco is Gone . . .?

    original poster is hilariously ignorant, glorifying refco and bashing fxcm.. it was the same exact thing
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    NY removes sub-penny pricing - thoughts?

    might hurt inet business for a few stocks. i scalp lu, but i don't think it'll affect me much.
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    Are odd lot limit orders "invisible"?

    might have been covered, but every once in a while I see odd-lots in the level II for inet. 87 shares, 57 shares, etc.
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    Going for prop money

    you wanna talk suck, i shorted mot today at 60 and covered at 62... only to see it later end up at below the whole dollar :eek:
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    Trader P/L 2005

    weird day in nortel. got greedy and missed out on several pennies.
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    Trader P/L 2005

    first time posting in this thread dec5: had a wonderful time trading CPN for it's last day on the NYSE. net $500. dec6: seemed to get in on the good action in nortel in the busy times in the morning and afternoon. took a $120 loss in lucent and nearly smashed my monitor. i'm new and...
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    Offer Standing, Unsure if I should take it

    I think GHCO would've been a good call if your heart is in trading and they were offering a salary. You have to realize that anywhere else you go, you are going to be making $0 for AT LEAST 3 months. Probably more like 6 months before you can even think about getting a paycheck. This is...
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    Offer Standing, Unsure if I should take it

    i had an interview here but pussed out to be safe and stay at my broker job. got a job later at HLV. getting paid to go through training sounds really, really good. non-compete sounds lame.
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