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JWKirkland, wow. If you say so. Did he had any trading experience prior to joining your firm? And what size was he throwing around? 5K-10K lots? just curious

I would tend to agree with Mecro. No way in hell is a newbie making 60K/month 10months into daytrading! It takes time and experience to be confident enough to put on size to make that kind of money. You can't make that kind of money trading 1000 shares lot. And not everyday will one find a DNA...

So, what are you guys trading that makes it so horrible? But if you look at the charts of a random sample of stocks there are still some movement. Maybe not a lot. Do you trade the same crappy stocks over and over? Even though it's in a tight trading range? Or do you trade different stocks...

AT&T to slash 4,600 jobs No. 1 long-distance company says it would save about $400 million by cutting 8 percent of workforce. February 25, 2004: 4:07 PM EST NEW YORK (Reuters) - AT&T Corp. Wednesday told analysts it was planning to cut 8 percent of its workforce, or about 4,600...

Maverick, Great call! However, I wouldn't totally discount EurexUS. It's not enough time. But it's great that Chicago can adapt and change. These changes end up helping the endusers out(lower fees,etc.) However, in the long run, EurexUS could still win or the cbot/cme could try to go all...

Multicultural Edge Diversity is another advantage the U.S. has over India. Take a stroll with Deepa through the leafy ITT campus, and practically everyone is Indian. Stephen's scene at CMU, by contrast, feels like the U.N. Classmates joke in Asian and European languages, and a strong smell of...

Seeking a Niche It's midday in the windowless basement labs at CMU's Wean Hall. Stephen, tall and lanky, wearing a white T-shirt tucked into jeans, leans back in his chair and ponders his future. He signed up for the master's program at CMU on the advice of a professor in Omaha who told him...

People Skills To thrive in that wacky world, programmers like Stephen must undergo the career equivalent of an extreme makeover. Traditionally, the profession has attracted brainy introverts who are content to code away in isolation. With so much of that work going overseas, though, the most...

For many of America's 3 million software programmers, it's paradise lost. Just a few years back, they held the keys to the Information Age. Their profession not only lavished many with stock options and six-figure salaries but also gave them the means to start companies that could change the...

BusinessWeek Online Software Friday February 20, 4:00 pm ET Stephen Haberman was one of a handful of folks in all of Chase County, Neb., who knew how to program a computer. In the spring of 1999, at the height of the Internet boom, the 17-year-old whiz wanted to strut his stuff outside...

bobcathy1, yep, you are right. the retail FX is a rip-off for now! i traded some yen (jpy) and if you are careful how you get in, you don't have much of spread issue. Maybe 1-2 tick ( a tick is $12.50). I guess if you were to do spot fx, try Oanda. I played on their sim. seems good. tight...

ertrader1, The spelling is "suit". Not "suite". No wonder they didn't think much. hehe. LOL. J/K. I know what ya mean. I'm trading now. I used to work in a corporate environment as well. But here's a kid who is asking an HONEST opinion. So, I tell it as I see it. Don't get all fussy cuz...

highlandercrew: yeah, there's nothing wrong with trying out an opportunity like trading. But here's the problem. If you FAILED at trading when you first got out of school, then what would you do??? At least if you worked for a company and learned some useful or employable skills, then when...

Does anyone know if prop firms let you trade with them if you have a full-time job? Just wondering.. Like some newbies or someone who is risk-adverse on the west coast(wouldn't work on the east coast i suppose), could trade from 6:30am to 8:30am. Then show up at work at 9am and just work and...

Eliot Spitzer is going after Bally's now? Geez, that guy doesn't stop huh? LOL :D ============================== Bally to Give Refunds, Reform Advertising Monday February 16, 8:10 pm ET NEW YORK (Reuters) - Bally Total Fitness Holding Corp. (NYSE:BFT - News) has agreed to provide...

I think CalTrader has a very good point here that's missed by a lot of people on this board. Independent trading, prop trading,etc. are mainly entrepeneurial activities. Working for a fund or a big ibank are usually employment opportunities. Sure, employment is more stable(for the most part...

Waggie, good point. We also had a lot of "bottom-pickers" too in 2002. Who was that guy again?

I think we all here applaud Cutten for his guts. I think it's admirable and very good of him to step up size. But the mathematics of risk mgmt will get to all of us in the end. Geometric growth of size with constant account size will result in some serious drawdowns. Why? Because every trade...

The type of thinking(we are better than others) is the BASIS of the entire financial trading/investment industry. But the sad, hard, cold facts is that the VAST majoity of people do WORST than average. That's why 80% of fund managers do NOT beat the index(which is just the averages). And...

nononsense, HAHA! This made my night!! Harry always have these serious pseudo science stuff to impress the unwashed mass... Fib is a big deal. It was discovered a few hundred years ago. Orthogonality. Ouu.. I'm scared now. Stuff you learn in algebra and geometry. Feynmann diagrams. Ouu...