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Good luck at Echo, can't wait to see your trading journals :-)

Looks like you chose Echo. Just remember if you blow up with your money, you always get a second shot here at Worldco, with our money :-)

Damn, I thought VIA and VIA.B are the same, I got smoked on VIA today (I am replacing that stock with HON), but still a good open thanks to other stocks. +4 +30 +41 +6, -27, wish I held TYC a little longer and never ever had VIA on my watch list, you can imagine the look on my face when he...

It is not the size of the dog in a fight, it is the size of the fight in a dog.

IF YOU DELETE THIS POST, YOU ARE A COWARD. In trading, you DO fail over and over again, anyone who didn't fail over and over again is not a trader. There are many many setbacks along the way, and to reach the top you have to suffer many many many defeats. Don Bright has (supposedly) 20...

***We prefer to focus on the more ( overal) successful type people who want to become traders.*** In that line, you are implying it. ***And when does giving the firm part of your profits equate to "having more money?"*** And when does having a boat load of money to blow on open orders...

Very tough day as my entire team struggled in a very slow sell-off that came with some nasty nasty squeezes. 10200 shares each way on 5 of 14 shooting, +185 before commissions, +15 after, no bullets. Pre-Market: Negative news on SOX, negative news on paper products, bad auto numbers, bad...

One quick question: I am not sure what the proper calculation for fair value is, currently if S&P futures is at say 1157 +5.0, I will just assume the fair value is 5/(1157-5) = 0.43%, I think it is close enough but I am curious what everyone else is doing as far as calculations are concerned...

I have been tweaking my formula and thinking that instead of using BETA, I will just use the average daily range of a stock. So if a stock has a daily range of 2 points I will use 2.0 in place of whatever the BETA is . . . Limit on open.

Thanks for the answer. My question was whether you have any drug stocks or any stocks with a BETA below 1, and if so how do you calculate the fair value via BETA. I just re-calculated my list with a 0.75% envelope but added BETA as part of the calculation and hopefully tommorrow I will see...

On the contrary, I think Worldco has a serious edge in succcess rate BECAUSE we don't ask for capital. There is simply less pressure on our traders, as they have more money left over to pay their bills, still gets to play when they are down, etc . . . As for "overall more successful"...

Thanks for the explaination. I am using an envelope about twice as big as yours :-) Also I passed up GM because of the auto numbers, SLB because of crude oil price (come to think of it if I am going to do energy stocks I have to do it regardless of news, as there is news on oil price every...

Don: Your strategy is no rocket science, seriously, it is something everyone and their mother does, except done on a "spray and pray" (nearly all basket oriented trading strategies fall under this category, and considering one of the top 5 traders at our firm does a lot of spray and pray...

***The comments about "pairs" strategies and the chide about extra commissions is silly...we don't even want traders to use the additional shares except to save them money... *** Doesn't make sense whatsoever. When you have a cents per share based structure, you save absolutely nothing...

How the hell did you get so many fills? I had 50 orders in didn't get a single fill.

***After almost a year and a half at your firm you are only now starting to try the opening orders strategy that has been successfuly used at another firm ....long taught at Bright in part to aid ITS newbies to more quickly attain THEIR financial success? *** As much as I admire Don Bright's...

The 7 games winning streak came to an end as I took some hits off the open but managed to minimize the damage. 18400 shares each way on 10 of 23 shooting, +174 before commissions, -132 after, no bullets. Anytime you get a really big gap it is usually a very hard game, especially if there is...

>Question on your 'shooting' stats: I count number of positive stocks after commissions versus total number of stocks traded. Individual pare in and out's are too much to count. If it is positive after commissions it is a winner, there is no such thing as a flat trade for me.

Incredibly tough game off the open but provided some excellent opportunities in the afternoon. 22700 shares each way on 10 of 22 shooting, +931 before commissions, +492 after, 1 bullet. The market definitely feels strong, as I have not had a winning bullet in quite some time. Hopefully the...

***when I seek a woman, I seek a real woman, not a woman who feels that she should act and behave like a man... *** I am on the opposite end of the stick actually, one thing that always attracted me more than anything else is her fierce competitive nature. Shortee: She is 20, I am 22...