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If I'm not mistaken, don't poor managements and outright frauds blame short sellers for their crummy stock performance? If a company's fundamentals are sound and it's well operated, short sellers cannot hold the price down over longer periods of time. If the trade leans too much in one...

PDT does not apply to Cdn stocks. One difference is that IB requires maintenance margin of 50% for overnight positions whereas Cdn brokers (IDA rules) only require 30% for maintenance (maintenance and initial are the same). Not a big deal. If you've traded with a Cdn bank owned broker for...

A cruel bunch.:p :p :p

Thanks.

I'm looking for an intraday scan (real-time) which will display stocks trading unusual volume and price action for the beginning of the trading day (ie: first 30 minutes). Any suggestions for websites (free would be great). Thanks.

Wouldn't it be just as easy to contact one of the prop firms, put up your $5k - $10k, get 5 to 1, or 10 to 1 leverage, and go from there. If your system is really as good as you say, you'll be making money hand over fist and these guys will ramp you up with unlimited purchasing power. Sure...

"and I am afraid to up my trading amounts in fears that if I mess up with more than 100 shares, it would be expensive to cover from my pocket." Am I correct in understanding that you have to cover your own losses? Is the firm only cutting you 45% of profits and you're on the hook for losses...

I think the hardest part of trading like this is that you will get 'hit' when the market is moving against you, ie, your posted bid is hit as the market begins to move down. Makes it harder to stay onside. Trading in shaves all day can drive you crazy.

This is the model that Swifttrade is built on. Let's hear from some of them on how it's done.

It's a great risk reward tradeoff. You risk 1 cent to make 0.2 cents. I think you're in for a tough one on this but I'm sure there are people out there who do and are good at it. Good luck.

lescor, did you trade for Swifttrade in Saskatoon before going it alone?

"I, on the other hand, never lose. That is why I can open and close 100 winning trades straight in a row on EUR/USD." -Skalpz So I'm sitting around this morning having coffee with Walt Disney and Howard Hughes trying to figure out who we should include in our consortium to bid on the...

"I have a system that scalps 1000-points off of EUR/USD in 8 to 12 hours of straight trading. Resulting in no losses and ending flat" "I continue to trade this system from time to time in my private trading accounts, but I have other systems that I trade also that are not for sale."...

I sure wish I was as smart as some people think they are, and I'm not talking about Simons or his crew.

I do think we're on the same page. Different styles don't really matter as long as you're happy with your own. I guess that's what makes a market.

There's always the possibility of storms that even the best weather forecast doesn't catch and yes the captain does make mistakes. As for the boat, sometimes you don't see the rocks lurking beneath the surface waiting to rip a hold in the bottom. To each, their own. Not criticizing, just...

I'm going boating after work today. Anyone up for a ride. By the way, there won't be any life jackets on board and we'll stay a random distance from shore. That'll make it more interesting as we'll guess as to whether we'd be able to swim back.

Thanks DTK. Maybe my friend was having a bad 'glue' day. It happens.

Wait a minute, zman, are you suggesting I pull a 'Paul Martin'? Isn't that type of move reserved for wealthy politicians who register their shipping companies offshore? Sorry, couldn't resist a jab at good ole' Paul, the set up was there. Anyways, thanks for the suggestion.

Thanks to all who replied. Torontotrader, a couple questions for you if you don't mind. Do you currently prop trade through Quest? What kind of arrangement do you have (sorry if I'm nosing in your personal business too much)? If you are using Quest to prop, how do you like them? Thanks...