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That a great trader can trade a simple system. This applies to pairs, arb, cabbage patch kids, etc. Nitro hits it on the head, in my opinion. In my opinion also, the more you need to hide behind more stats, the less you trust yourself as a trader, generally speaking. You are looking to...

Well I have to really agree with this one, but perhaps your (Proptr8tr) perspective is also a good one. I have been trading, yes, professionally (I mean that in this context to say in a true proprietary sense) for most of my career. And most of that was with a small "boutique" firm. We had...

I was hoping that this was the case. Not for the sake of NOT learning anything, but the original Series 7 test itself, as far as I think, didn't lend too much to my trading skills specifically. So I am glad to know the continuing ed won't require that kind of preparation. Thank you for your...

I have to take the Continuing Ed thing for my series 7. Can anyone comment on the difficulty or any prep needed for this thing? I appreciate all inputs. Thank you

The best education a web browser can buy.

I think I got it Bubba, but can you elaborate a little?

I got sidetracked on your exercise example and missed the post entirely. But that being said, you need beliefs that support the kind of changes you want to make in your trading. I am excited today because later on I am going to read "Trading in the Zone" and I am looking forward to some more...

You need more beliefs that support a physical fitness habit. Some of mine are: Exercise feels good (do a little cardio for at least 15 minutes and you can feel it), I know exercise recharges me for the second session of trading each day, It doesn't matter what everyone "says" I should do as...

Beyond the question of why would you want to go institutional if you are already successful at prop, as I am sure you have many value based reasons for wanting to do so. The consensus I have read here is that those big firms will tend to discount your abilities because the assertion is that...

im in the wrong thread.....

I was a member of this organization for my first few years of trading. It served a two fold purpose of education and self-promotion. The guru of the week would speak at each meeting, and then people would rush to take lessons from this person or group. After the internet boom, the owner sold...

I do not agree in most cases. But.....Lets say this is true, that there is pressure to trade and generate commms. When the firm is giving you all the money to trade, then as long as you break even, you are still doing great as a new trader (since most new traders lose money). This is the...

I forgot we get a K-1 verses I don't know what retail traders get. Ordinary income, profits and losses, offset by your deductions, which are vast. However, one thing I did mention that say you are a Series 7 registered trader, or with a 55 too. If you do retail, remote wouldn't they make...

Would you rather make 1% of a billion, or 50% of 100,000? Its very simple. If you are a retail trader, unless you are loaded, good luck doing more than one real arb position. Its all about capital. And then as long as you are holding your own, its all about more capital. If you have a ton...

If you have enough buying power, then you can make what you made before. If you use enough brain power, you can as well. I guess we can abbreviate both BP, huh? To me, arb is an evolving process like stock trading is. If you are doing anything that is "classically defined", like "classic...

Rock on. This is great stuff.

to have a lot of capital in arb trading, mergers or otherwise. Thats the main reason why I am with a prop firm. Can have a core position in many spreads and then actively trade around that position. If you don't have as much capital, you can find some pairs to trade that may be more volatile...

I am doing that this summer and its a wonderful time to take a break, its vacation time anyway for my family and most of my friends. This provides a good opportunity for me to relax apart from the times I do during the day. I take a few weeks, in a row, off from the gym and my normal routine...

It DOES exist: www.acmetrader.com Very close relation to Acme Capital. Cheers!

Mr. Roboto.