Recent content by TRADERBM

first new york might be something you want to look into

Could you explain how the breakdown of residential properties gives rise to commercial real estate? As consumer spending goes down , doesnt commercial retail space suffer as well? I have heard this too, but want to see the correlation. Thanks

I've just started with them in the past month for equities. So far I have been pleased with them. The tech and trade support have been extremely helpful setting me up properly. Any feedback from anyone on their forex trading? Software? Execution? Charting?

First New York

the retail sector is just as strong as the brokerage sector lately.

I think its all about following the big money. Look at GS yesterday. It was a perfect break out play.

Why is it so hard to catch these things until its too late? Isnt there a way to review outstanding positions?

I too like to trade the first hour. The conditions are most favorable. I trade mostly NYSE. I wait for the morning pull back and wait for a break out pattern to emerge. As soon as I get confirmation, I will buy shares to test it. If I'm in the money, I'll add to my position accordingly.

Isnt a non compete difficult to enforce? It doesnt seem right that you can not trade somewhere else for 2 yrs if you are unhappy with the firm you just joined.

How is he stuck? Cant' he just leave with his capital?

I am a big proponent of risk managment. I think a lot of new traders would benefit from defining their risk managment rules and sticking to them completely. Easier said then done , I know.

which filtering software do you use?

I like to look for techical break outs using different time frames. As long as I wait patiently for the set up, I have a high probability of going in the money.

Equities , Forex, or Futures?

I have heard both. I like them both. The office I'm in has decided to go with Fly on the wall. Dont they have a trial period?