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  1. M

    Number of New York traders at all time low

    Ugh......perhaps... Dodd Frank? Err...maybe...like...I don't know.
  2. M

    Number of New York traders at all time low

    Austin, look man, you are acting like we are Catholic nuns and when we traded 10 years ago we were feeding the poor after the market closed and helping raise orphan children. We were not. My firm in particular destroyed stocks, absolutely destroyed them. In fact, we did so much damage that...
  3. M

    Why Do People Buy At A Top?

    The OP was grounded. Something about not taking out the trash.
  4. M

    Avatar, Chimera, T3, or Bright

    Bright is going to want 50k. I don't think T3 is going to let you hold overnights. Same with Avatar.
  5. M

    Topsteptrader

    Would you agree with the statement that trading the sim combines at TST is more stressful yet also more productive then doing say a free sim using Ninja?
  6. M

    Number of New York traders at all time low

    That's all true... and exactly where did all of this peak "efficiency" come from? Technology HFTs and the free reign to front-run orders, manipulate price moves (endless flash-crash events happening all the time) and drain true liquidity from thinner markets (no fills unless you chase price)...
  7. M

    Number of New York traders at all time low

    All questions that can be answered through basic economics. I've discussed this endlessly on this forum. The markets, like all markets, are becoming more and more efficient. Most traders, not all, but most make their money in some shape or form by exploiting inefficiencies. All...
  8. M

    Number of New York traders at all time low

    "They" know. "They" always know. You know who "they" are right? I can't tell you if you don't know because "they" might be reading this. :)
  9. M

    Number of New York traders at all time low

    Go to market......filled......end of story. Go cry me a river. Oh wait, I forgot, your margins are a fraction of a penny so if some HFT shaves off a fifth of copper, your businesses is rendered useless. Nice dude. I think regulations are the least of your worries. I'm more worried...
  10. M

    Number of New York traders at all time low

    Yeah dude, that's pair trading. And your struggles to trade pairs has nothing to do regulations. Your struggles might just be tied to the fact that stat correlation is just a teensy bit played out bud. Yeah, the day Grandma can run a fully integrated pairs program is usually a good sign...
  11. M

    Topsteptrader

    You seem to be arguing with ScalperJoe, not with me. I'm suggesting guys NOT take the funding. They should use TST as a training tool. And the 1099 issue, that's a pretty easy workaround. Back when I had a 1099 I set up an S-Corp and that mitigated most of the tax liability. I don't...
  12. M

    Number of New York traders at all time low

    Yeah, ugh, bullets were not from the 1980's, they only went away around 2002. And if you are struggling as a market neutral trader with the VIX at 6 I'm not sure what to tell you. Don't get mad that all the bullshit gimmicks are gone from the market. That was never trading to begin with.
  13. M

    The ACD Method

    Well, we confirmed a monthly A up this month. Number line is flat. I see no reason to be short. I wouldn't be long either though as my monthly number line does not confirm the monthly A up.
  14. M

    Number of New York traders at all time low

    Dude, you are living in dreamland. Public friendly? Commissions were 200% higher, spreads were 50% wider, I had to actually pay for real time quotes. And oh lord, the holding of orders so others could jump ahead of you. Shit man, the trading firm I worked for robbed you...
  15. M

    Topsteptrader

    Well, I made reference to him being a Greek 3 headed God. Some on this board seem to feel that anyone that can pass the combine must be some mythical creature that is only rumored to exist with no actual sightings. So yeah, there is a similarity to big foot I guess. Of course I think 100's...
  16. M

    Topsteptrader

    Crispy, don't let him get to you. He is just angry at you because your existence pretty much renders all of his arguments useless.
  17. M

    Topsteptrader

    See dude, you keep moving the goal posts. You make a statement, someone refutes it, you move the goal posts. This is getting tiresome. Your argument is of course nonsensical. Because even if he wasn't at TST and trading his own money by your own definition he wouldn't be making jack...
  18. M

    Number of New York traders at all time low

    Here's the other side of the coin': http://go.bloomberg.com/market-now/2014/05/16/as-wall-street-banks-retreat-on-pay-buy-side-rises/ Meet the new boss, same as the old boss...
  19. M

    The ACD Method

    A bias does not create an inefficiency. Inefficiencies are usually structural. Just because everyone is bullish does not mean the market is not efficient. Value is discovered by measuring what people are willing to give up to purchase what they want. As the old floor traders use to say...
  20. M

    Topsteptrader

    That part is actually not true. The T4 sim time stamps your order in the que which means you do NOT get an immediate fill. It was actually one of the gripes I had at the time. There was even slippage on market orders and stop orders. In fact, if you go back and read the thread, there were...
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