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This got me thinking of a good thread from '03 where the hybrid was debated at length before we knew what was to come. Here was my stance on the subject. http://www.elitetrader.com/vb/showthread.php?s=&threadid=23334&perpage=6&pagenumber=1

Seems like you should be getting much better download speeds to SF but your upload is very good. Wonder why I don't get that.

A measure of performance against peers is useful and interesting information.

Alright...not so helpful. Anyone with ideas on how to create a measure of performance for prop traders besides the old way (straight $ gains, or cents per share), please post your ideas. I think it would be interesting.

OK so how do you suggest we do that? Most prop traders sweep their accounts each month to the minimum balance but the buying power remains the same.

You have to factor in leverage or max BP used vs. gains in order to include all prop traders. % returns mean nothing to them.

Hey Landis, Since we are both in the Bay Area I did the identical tests as you. I have the 8mb Comcast service. The NY test was almost identical. The SJ test was much better on my end. I found that when Comcast hooked up this service I was getting around 20-30mb service which I...

Here is a 1 min chart of the trades in question. It's a thinly traded stock that was trading in a 1% range.

A tenth cent per share would save me $3k/mo, $36k/year. That cracks you up?

After yesterdays ugly trading, today we had great trends. There were a few textbook plays. I got a few PM's about this type of trading so I wanted to show a few examples just today. Obviously the market was weak today so most of my volume was on the short side. NVDA ATRO NTGR LIZ All...

Apples to oranges...it's all about scalability.

A good trader can get $10M from a prop firm. Why go through the hassle of opening a hedge fund?

Just a note to those who looked at today's trades based on what I said yesterday. Today was the worst day for this type of trading since Jan 8th so don't be discouraged or dismiss it. Incredibly choppy ugly trading today.

Most stocks on the leader board are news plays so that's what I'm playing also. Sometimes I see guys on ET posting trades that are in stocks that just have no reason to move. That's what I mean by finding the volatility instead. Example: Today I'll be short ANAD and ABB amongst many other...

Thanks, and I know what you are talking about. I get into trouble on some of those trades too. Sometimes there's just no telling when the steamroller is going to stop. That's why I think traders with <1 year experience just shouldn't be allowed to sell strength or buy weakness. If I was...

I am talking about strength on that day. What happened yesterday doesn't matter. Of course you don't know what is going to happen before the open so don't try to trade on so little info. I suggest not even trading the first 30 mins if you are new to trading. Let some trends define...

That's the easiest part. You can use a scanner, or just a gainers/losers list. For example anything +1%, >500k volume with >2 times relative volume would satisfy the strength criteria. After trading this stuff for a while you will begin to learn what is comfortable for you. Maybe you prefer...

Most new guys make trading so complicated, because they don't know any better. The problem is they need a strong base, or starting point. I just provided them that in an incredibly simple statement. "ONLY buy strong stocks, ONLY sell weak stocks." Do I ever do countertrend trading? Yeah...

First and best advice I would give to any struggling trader: For one year you are only allowed to buy strong stocks, and only allowed to sell weak stocks. If every trader on this site followed this, half of you would be profitable overnight. It's just against human nature so most can't...

I actually thought some of the training was pretty bad. Why would you try to get traders to force ideas for trades before the market opens? I don't know anyone successful trading like that. Also trying to teach supply and demand for LII is a dead strategy, along with guessing what large block...