Recent content by JCVR

I'm not saying that they are thieves or anything, just it doesn't seem like a very competent firm. Don't take this the wrong way but if you ever get a job on wall st other than trading prop you will probably understand what I am saying.

I believe Genesis is Access securities. They are a chop shop, now that the making money off of kids out of college who want to prop trade thing failed they are looking to hire people who want to be stock brokers lol. No offense to anyone who worked for them but if this guy actually knew what...

Thats great info, thanks monty. I think one flaw is the emphasis on day trading. It has it's place but very few are good enough to actually do it profitably on a consistent basis. Volatile markets like we are having can be great for daytrading but without a view of the longer term picture and...

Thats rough man, sorry to hear it. When I met with Genesis, the founder (forget his name) painted them as a high frequency shop which didn't allow many overnight positions. I daytrade but I think the bigger money is in swing trading so most of my positions need to be held for days, if not...

So in the end did you actually make a paycheck or did you give it all back? What are you plans going forward? (I'm also in CT and looking for new opportunities). I actually turned down an offer from Genesis to join because their high frequency trading style didn't suit me. Sorry to hear it...

I read elsewhere that they are off at the moment because the moving averages they rely on are still factoring in the huge plunge from November. Once those fall off the back they will come down regardless of what the market is doing.

Ever heard of a bear market rally?

The reason why you don't see people posting stuff like that on here is because the traders who do make millions aren't spending their free time boasting on message boards.

the gain isn't out of the question but their target is nothing but a guess. What if we crash and hit 500 later this month then gain 50% from there? won't look so good will it...

I have a recent research report from UBS (earlier this week) which says they expect a 10-20% increase in most indices in 09. Now all they need is a prediction of a loss and they will have all their bases covered. If you guys haven't figured it out by now, none of these analysts have a clue...

I sold my GS earlier this week in the mid 60's and took a hefty loss, but I knew it was going lower when the market sold off and it saved me alot of money. I still think they can survive and prosper but in this market they are a target and as such they are going to get crushed during every...

There is still too much bad news ahead of us for this to be the bottom and the selloff we had Thursday was nowhere near capitulation. I hate to say it but I think things need to get ridiculously cheap before real buyers start stepping in. I wouldn't be surprised to see the S&P in the 500's over...

One of SAC's funds was down ~14% in October despite the move to cash. Got to remember that the first week of October was horrible and they went public with the move to cash right after the bottom so it is possible that they lost that 14% before then and stopped the bleeding. Anyway that puts...

I'm sure whatever loss they had is manageable. They take big positions but not anything that would wipe them out if it went against them. steve didnt get to where he is now by being stupid and reckless.

So can anyone confirm if they actually were in that trade?