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  1. M

    Day Trading Stocks Nas & Nyse

    I think you are answering your own questions...... If trading ES was an easy endeavour....the market would crush the opportunity for free money... What you are thinking about doing is the equivalent of moving from paper trading into live trading. When you scale up your capital...
  2. M

    Characteristics of cheap stocks vs expensive stocks

    Citrus..... the outline of the post shows that it doesnt matter the value of the stock but everything is related to the capital involved..... I can own more shares of a small stock but it wont move as much .....simple as that.... The % a stock moves tied to the number of shares...
  3. M

    Successful Traders, How Long Did it Take You?

    hey scalping nickel.... relax a bit.....do you think big traders have time to troll these posts looking for someone to flame on? Answer is no..... So logic follows that you are no good....or in your words you are clearly not a: " 'real' successful trader" Ouch the...
  4. M

    How do you pay yourself?

    You have to get the wife trading....... haha
  5. M

    Trader P/L 2006

    Good move on the gold stocks.....couldnt make anything good come through though... BP is 50k slow and steady gets it going...... my take on this is the overall P&L..... - fees of roughly 24 round trip trades *$1.60 = 38.40 - ecn fees of around 3 or 4 bucks Then I...
  6. M

    Goal Checklist for Struggling Trader

    Swift.... sink or swim...they take full classes of 15 or so every 2-3 months...out of that they hope for 0-5 to stick it.... They charge you a 20 cent ticket charge and give you nothing BP and tell you to scalp...when you dont go 100 trades in a day they pull you aside and ask you...
  7. M

    Goal Checklist for Struggling Trader

    Swifttrade uses a similar setup Starting traders are asked to make 25 bucks three days in a row....then 50 bucks 3 days in a row. Then a bump in buying power Then positive days or some combination of continuous positive days....It teaches true discipline and forces you to cut when...
  8. M

    Trader P/L 2006

    NEM made some crazy reversals today on huge downward pressure from -$12 gold. I thought only one sharp reversal was possible on such massive tankage on gold......Annoying to only get 300 shares short for 65 cents then to step into a trade and lose 700 shares for 50 cents.....kind of like...
  9. M

    Hedging for Intraday Traders???

    You would be blown away at how quickly levels drop away when material information is released. You dont stand a chance and you cant see it happening until your stock has moved more than you can imagine... you dont want to be around when stops are going off....... The one bad...
  10. M

    Hedging for Intraday Traders???

    Gaps...being seen in the future....With a crystal ball and some medication I can see anything No way to tell they are coming....... Sure on market open you can play with it but during the trading day. No way.... When I do see a gap its all about the play after.....I use...
  11. M

    Hedging for Intraday Traders???

    Yep...not possible to guard against gaps that hammer through my stops..... When i set stops i generally put my stop price at a level then my limit price is effectively a good chunk INTO the money... If im long.......my stop may be 10 cents below the current price.....if the stock gaps...
  12. M

    Hedging for Intraday Traders???

    I was trading at a firm that set us up with the option package tied to its software. The software would flash how many shares your options were in or out of the money and tie this to the number of shares you were holding with the options.... Accordingly you could exercise your options as...
  13. M

    Characteristics of cheap stocks vs expensive stocks

    I have to disagree about share price being dictated by volume......Shares such as LU or NT carry huge volume but are both under 5 bucks. Here is an example ......have a look at 2 stocks from today Feb 6th Newmont mining.....vs Kinross Gold NEM vs. KGC from 10:30 - 12:30...
  14. M

    Are there any honest, reliable prop firms out there?

    Answer the bloody question....unreal.....everyone is a more than willing to offer their trading advice.....ANSWER THE QUESTION.... I put out a post last month trying to get similar answers.....ecn rebates ....monthly fees...structure.....and the same gibberish comments appeared.... The...
  15. M

    Cramer Supeonaed In Gradiant Probe

    wow..... First off, public disclosure is one of the foundations of these markets...without it the market runs the risk of falling into disrepute. As naive as this sounds the markets need to push fairness as their number one priority. Second, there are rules associated with...
  16. M

    a question about crazy NYSE prints

    I was trading nem today (March 1st) and there were time and sales cracking through 80 cents higher than the NYSE price. 100 shares went through...then over the course of the next 5 mins 1000 shares had passed through 80 cents above the best bid/offer....(I have no way of capturing the actual...
  17. M

    Cramer Supeonaed In Gradiant Probe

    Just brutal.... (NEM) Newmont mining is weak all day on weak gold......slowly some buying pressure comes back as the ceo of NEM is on CNBC for an interview. He makes some comments about having a better 2006 after mucking up 2005 and the first quarter of 2006..... (with gold...
  18. M

    Vice President Cheney Accidentally Shoots Fellow Hunter

    The poor bastard must have been a democrat....haha
  19. M

    Canadian Traders

    Is Titan securities not infinium capital? Melody markets? The website links to the same address ... Was the name changed or is it just another level of sub-ownership?
  20. M

    remote prop firms

    Always go directly to the source prop house once someone asks you to PM them. They take a cut off your top acting as bounty hunters trying to troll in traders.... 5-10% cuts off the top and some of your ticket charges go into their account..... Use them for research then contact...
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