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The emotional aspect of it is the hardest to overcome. And there is a WORLD of difference between a 150K a year trader and a 500K a year trader, it is not just so simple that you can flip a switch. I assume you like Nitro are undercapitalized to trade triple the size you currently trade, and...

***Yeah, but so would Bright. I know of someone who blew up their account at Bright.*** And my best friend at work was down 30K after commissions (but up before commissions), and Walter reseted his account to zero as he was about to leave for a competitor (from there he generated at least...

***Pffft. I am talking about going from 500 shares to 2000-2500 in SP 100 stocks, many of them DOW components - I have seen your journals and I see that you trade low volume stocks - trading 2000 shares of the stocks I trade gets as much notice as a raindrop in the ocean.*** Doesn't matter...

***your a very defensive trader (that's not bad) but i think because of that you mentally have trouble increasing your size. i don't know if you'll disagree or not.*** Agree. ***also, i don't think making 500k a year is as hard as you make it seem. but i trade futures so maybe numbers like...

You forgot that the guys are trading firm's capital, so in the beginning they can lose as much as they want with 100 shares (how much can a guy lose with 100 shares?), and if they ever show a sign of life they get 200, then 300, 500, 700, 1000, so they can make back their losses exponentially...

***Come June/July, my size will double. Or, if I end up at Bright or Echo, it will triple or quadruple to start with. At that point, extrapolating from my winning percentage now, I would be at $500,000/Year. If I hung out with Don/Bob/Earl, I would probably get to a million/year (plus whatever I...

Ditto that, as there wouldn't be fire without ice.

My experimentation with pair trading stopped today as I simply feel it is too much micro management and gets in the way of my bread and butter game too much. Pair trading is not really a set-up but more or less a trading style that requires full attention. That said, in the distant future I...

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>Have you seen yours? Yes, you post yours on the web I will post ours. >How you can think that "eating losses" is a good business model simply doesn't speak too well for either you or the firm. It is called the confidence in our ability to produce enough profitable traders, it is...

***Let's take Hitman's example (just for clarification. Yesterday your team did approximately 12,000 apiece.*** Where did you get this math from? New guys do very little and more experienced guys do a lot more, new guys have higher rates and more experienced guys have much lower rates. I...

All good things must come to an end as that long winning streak finally ended today. I decided to experiment with pair trading today and I thought it would be nice to do it when I have been red hot. 17900 shares each way on 11 of 24 shooting, +195 before commissions, -156 after, 1 bullet...

***Allows you to save a considerable amount in commissions every month*** In the beginning, you will be doing 100 shares, the money you save with Bright's commission schedule will not cover the desk fees. By the time you do serious volume you will have a commission schedule that is at...

Sorry Saico, currently Worldco does not accept non-U.S. residents.

Tied my career high of consecutive wins today with the 15th in a row. Unfortunately the lack of aggression and bullets for that matter made it a dry spell after 10:30. 10700 shares each way on 13 of 18 shooting, +730 before commissions, +544 after, no bullets. Almost all of my trades are...

From a manager's perspective, it is called running a business. From a trader's perspective, it is called leeching, just ask STOCKKBROKER lol. Don: I have a trader on my team who takes 3-4 trades a day, makes 15-20 cents per share on good days, it is called intraday swing trading...

I think AVERAGE or MEAN is the only number that matters in professional trading. And I never said I am as good as Bob, and 820 posts is a reason behind that, and I think the same can be said about Don.

All I am saying is Don is not making $700-$1000 a day with his OO, doing 2000 shares, 15 minutes a day. And I am willing to bet everything I made today (it is not a spectacular day but ok, if you are willing to bet check my journal later) with you that Bob is not making eight figures like you...

Nitro: Let's put it this way, to AVERAGE $1000 a day, with a high churn strategy like the OO, you have to be doing 4-5K shares per position. With 2000 shares I think you can probably AVERAGE $500 a day when executed properly. By the time you actually does that much size with the...

I think you need to check your facts before you start to talk smack as Donnie posted his own OO numbers before and it is nowhere near $1000 a day. I am not saying Bob can't do it but until you see the account statement a few big days mean nothing. Just because the guy had a few 40K days...