Recent content by fattyasids

is tight risk management a bad thing??

No probs here either.

With some firms paying out 90%-99% of profits, how else do you expect them to make money. You have to assume that they expect some level of commissions (unless they make 1% on $1mm in profits a month)

Actually, I was just messing around. The previous thread about the NYSE hours was doing the same thing so I just joined in.

Wow, can't believe it.

Well, I prefaced it by saying guys in that particular office did low volume. I did not make any comments that they were poor traders. There are different definitions to every word. This is bullshit that this thread has turned into this. For example, you can say a "good" trader does 20k...

To me, it doesn't matter if you're a churner or trader according to your terminology as long as you make money. But, I still see churners as traders. You have to make decisions when to buy and sell - just on a shorter time frame. I made one comment about an office that I didn't specify about...

A piker is someone who does low volume in case you didn't know. I am not a piker. And I make money so you have no idea what you're talking about. Under 40k shares a day is low volume. That's a statement. If you are a good trader and make money, good for you but under 40k shares a day is...

Maybe I was strong in saying illegal but wasn't that what you were implying? Why even bring up the SEC investigations of funny accounting if its not illegal? Why would the SEC be wasting their time?

Do you work for Assent/Andover?? And I think you should get your facts straight before you accuse firms of illegal activities.

i don't work for a firm since i trade my own account - meaning not prop. i do not like people holding my money. i've made my money and want to control it. a worldco situation will never happen to me. i use a broker/dealer of course for my executions but i do not work for them. you're right...

i said "doesn't do more than 200k". and i can assure you that he wasn't making 30k a day or even close to it. hmm, i think 50k a day is less than 200k shares a day the last time i checked.

you make no sense. of course, firms want traders to make money. you're an idiot for saying that i disagreed with that. and i said that i wouldn't argue about the 100% payout. i think its great that all prop traders get 100% payouts. anyone who doesn't have it should get it. you don't sound...

1) I don't know any firms that give 100% payout but I won't argue that. Let's everyone that trades prop go out and get 100% payouts. In response to your 1 and 2, why would a firm bring in traders that they can't pay the rent with? You can have all the best traders in the world and maybe...