Recent content by Carlos11

Thanks for taking the time to write this journal. I too have been a prop trader for a number of years, and have also become complacent over the last few years. The difference however is that my complacency has almost driven me out of the market. Skimming through your posts has got me thinking...

The strategy is dead, that's why. :) It has has been for some time now. Imo, there is no longer an 'edge', much to what others suggest. Look at the posts from three or four years ago when the average person was making $300/day using OPGS. Good traders were easily at $500. That was an edge...

I'm sure everyone knows what happened to Rambus on Monday, and i know there are a lot of opinions. What everyone can agree on is the move cost a lot of people a lot of money. I read one theory that has spread throughout the blogsphere that i haven't seen on ET yet. If this has already been...

Don: Thanks for stepping up and putting the Bright name behind this topic. Of course this affects your bottom line, and i'm sure that is a reason why you're on here helping to promote these issues. But i also believe that you and Bob see a bigger picture. One that equates these problems to a...

Just realised that was a direct link to a .pps. For those that don't have powerpoint, here is a link to the actual page which offers a .pdf version too. -Carlos http://www.defendtrading.com/subpennying.html

I’ve noticed these as well in my everyday trading. What you saw was in fact a sub penny print. Many traders will not see these prints because the ‘last’ default on their ticker is set to two decimal places, not four. I came across a link to this presentation through an online blog...

pacific7, That comment was an attempt at some inside humor between myself and TripleD. S.T.K. is an acronym that will simply remind TripleDTrader going forward that in order to be the best, you have to beat the best, and that just doesn’t seem likely anytime soon … does it Trip...

I bet if you rooted for S.T.K a little more often you wouldn't get Hemsky'd so much in those dark pools.

I was pretty diligent with my morning routine - making sure i checked for news and other events that might affect my p&l. I would attribute my recent decline if you will to a lack of fills. They are real hard to come by these days. I've changed my envelopes, but as mentioned, i refuse to throw...

I actually threw a few levels out on the short side this morning because of the SPU's. Probably a good thing i didn't get filled. I think the biggest factor is there are simply not enough extreme gaps off the open anymore. I don't know how many times i see my stocks gap up or down .05 - .10...

Indeed that is a nice return if it was guaranteed, but it's not. Also, i can't say for certain, but i doubt the avergae stock price is $40. I have about 200 stocks on my opening spreadsheets and the avergage is closer to $20-$25 now. If you are willing to trade the size (Lescor does for...

I agree. I think stocks are priced too low to justify risking my capital for .02 - .05 return.

Why GBL/GBM? I don't see a correlation between the two.

Just curious - why is everyone now posting results using an average rather than net PL?