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I was tempted to reply this thread earlier, and now I'm compelled to participate. I've seen and been party to this argument so many times. It's not just prop firms that cause traders to fail, here's a bunch of other people and reasons: Greenspan, Dept of Justice, CNBC, Maria Bartiromo (when...

Some say you can't be financially successful and slim at the same time. The good news is I have gone up one waist size, now I need to get some new slacks. :)

Thank you for clariying, Dhohhi. That is exactly what I meant. :)

In that time frame I and several hundred other traders I worked with made money doing BOTH. 20-50 gap openings, 10-20 point swings during the day how could you say that was BS. Thats what I was doing. And yes, a contradiction in terms. Two different timeframes. I'm curious to know what you...

I will preface my reply by saying that this is my opinion. Discipline= the fortitude to stay the course. Discipline is required to be successful in anything. Now as for style or method it's something completely different. There is another division between style and method. Two people can have...

It's truly a shame the way the San Diego office was run. Barry did not do a great job running that office, and it got worst when he and Rob split up. Barry was caught bringing in instructors other than the one's from All-Tech. While it is true that that some of the methodologies taught back then...

After considering the amount of time you can devote to trading, the markets environment / temperament and the vehicles you trade dictate that. IN MY OPINION, it is absolutely silly to say that one timeframe is better over another. However, when someone makes a statement that one timeframe is...

Before I take any trade, I know exactly what my risk / reward is. If the ratio is not in my favor, I do not take the trade. The major caveat with this rule of mine, is that when a trading range tightens so does my risk reward ratio. I have taught three professional gamblers over the years, and...

Unless uptik is talking about, a wirless card for public use (as there are many access points in major cities), I highly recommend Netgear, I've tried Linksys. My experience with Linksys was not good. Here's a few tips with Netgear: 1) 128-bit WEP is the way to go, or you can simply change...

Daytrading - "Fire" Jimi Hendrix , "Been a Long Time (I think thats the title?)" Led Zeppelin, the opening drums especially. "Ran Kan Kan" Tito Puente, "Pepino The Italian Mouse" Lou Monte Swing Trading - "Magic Carpet Ride" Steppenwolf, "LowRider" (War?), "Policy of Truth" Depeche Mode...

Trust Company Act

Yes those accounts were discontinued years ago. Nothing was ever illegal abou them. There is nothing illegal abouit me being long 1000 ABCD in my account and my wife being short the same in her account. The accounts at ALST were cross collateralized market neutral positions, and if you looked...

I had a similar problem. Here'w what I recommend: 1) Pop in WIN 2k disk, select "repair" DO NOT REPLACE FILES. JUST REPAIR 2) Let WIN 2K do its things, then restart 3) Go to www.matrox.com, find drivers, save to desktop, then reload / update drivers. 4) Restart and you should be OK...

They're barely in the montage, but still around. They put out another SOESable ECN, "NOCI" has much lower prices and made up for thye MM's not paying ATTN. NOCI picked up where ATTN left off.

husbands and ex-husbands too!!! There are some great women traders out there who kick some major butt!!

I testified at US Senate. The $300K loss was in hedge account, there was $300K gain on other side. If you remember, hedge accounts allowed you to hit downtick bids to get short, because hedge account was long. The US Senate PSI investigation led by REP. Collins revealed adn corrected in...

This will be my last reply on Harvey. I reply again, because he's a friend, I won't reply again because he's doing fine all by himself. Yes, SOES got whacked so he reinvented himself with prop, and took the ATTN ecn went to the moon, when that got tough he invented NOCI...

Freedomphiter...you do have one thing, and that's a big set of nads. You came to a pretty rough place to get help. I'm going to get a little rough on you, so sit down and pour a glass of wine. 1) You have debt, and so does everyone one else here. Mortgages, wives, ex-wives, children and...

He bought himself a 150' yacht and trades from South Beach Miami, the back of is boat says "THE SEC WON'T LET ME BE" All-Tech name is gone, but DOMS and HMSS is still running strong. When he makes it up north, we still talk and go to yard sales together. He's still trading ACTIVELY and having...

Dhohhi, you raise some excellent and very intelligent questions. Let me answer all of your questions: 1) Montvale had 4 week classes for $5K (Four Phase) and the money was rebated back on trades, and 1 week classes for $3.5K (bootcamps). I taught in Montvale and all over the world. I'm glad...