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That's the exact theory. Every order funnels down to one guy who runs the show, rather than ten market makers. The NYSE specialist, the criminal that he is, can single handedly decide to squeeze out shorts, spread the market, or push the market up or down to execute institutional blocks...

It is what it is, no more no less. If you can make money in the market by sitting on long position, I'll do that too. Later, MyOwnBoss

Risktaker, If you can't beat 'em join 'em. I came to the conclusion that buy and hold is actually buy and hope. A sideways market is a trader's market, so longer term investors should use caution in these times. JMO. Later, MyOwnBoss

I'm joining up with a prop firm soon. I am determined to make it as a trader. Here are my thoughts before I go into battle. My apologies if I sound like Stuart Smalley from the old Saturday Night Live skits... I will be realistic about my trading and I know I will have to take losses...

Motrader is on the money. Know your underwriting, munis, and options. I took the exam in '03...I slowly chipped away at the study manual and did every sample question in the book, it took a few months to get through. Next I hit the disk and started taking sample exams. I took them until I...

Hello, I also have an engineering degree (B.S. Mechanical Engineering) and found myself very interested by trading. Here's my story: Worked for 1.5 years as an engineer and hated it. It was almost like I was wearing a sign that said "Pigeon-Hole Me!" Next I sweated it out for 2.5...