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Don, I am again going to direct this one to you. I appreciate you responding to my questions and hope you are not tired of it yet. You are the only IB that seems to want to weigh in on the subject and as most of the members know you have a lot of industry knowledge. The prop. firm I traded at...

On the contrary the model I described seems to be working quite well for some firms and is well suited to the current market environment. Don't no what you mean about cutting back BP and leaving traders stranded. As I stated the firm is supplying the capital, and BP increases are available...

I think I am brain dead, should have read the list more carefully. Too much trading and time in front of the computer. Better take a break and go out and enjoy the day. Cheers!!!

Should be interesting to see the results. Where are you going to post the results, on this thread? Are you going to show the results as they come in?

I guess nobody has anything to say :(

This thread is very quiet. I doubted that there would be many out there with any real insight into clearing costs who would actually post the info. As for Don Bright's post..... Don was careful enough to make sure that his hypothetical self clearing firm had an unreasonably high clearing...

Ahh, the million dollar question.......what does it really cost? This is for sure an interesting discussion topic as I am sure we would all like to really know the answer to the burning question of how much our IBs are making from our trading efforts. The answers should be interesting and...

You may have been daytrading full-time since '99 but it must have been baseball cards because it sure wasn't stocks. Either that or you are stuck in a time warp brother and you think it is still 1999. 20k into 1 Million by June...... buddy, if you can do that, you are not a Jesus fan(attic)...

Canuck, Have you seen how often LSPD is out there now? It's everywhere now and from what I understand from guys who use it, posting and getting credits via LSPD has been a nice way of reducing their daily pass-thrus. Credit thing is working big time for LSPD, pull up Nasdaqtrader.com web site...

I'm not sure if this has yet been mentioned but background color is a big factor. The less real estate you have covered by bright colors the better. Charting backgrounds should be black, and I find that good contrasting but darker colors on level II box help. Don't know how true it is but...

DATTrader, you nailed it thanks buddy, it was driving me crazy.

I do not know what it is like at other firms but at the firm I traded at previously it was incredibly noisy. Constant banter and shouting about what guys were seeing. It was a great team atmosphere and a lot of us were trading the same stocks so it was helpful to know when guys were having there...

Asteroids, Misslecommand......?? Whoa... showing your age there brother! Although I have to admit, I am in the exact same boat. You forgot to mention the classics like Space Invaders, Centipede, and...... oh I'm having a brain fart I can't remeber the other one, used to be my favorite. You...

Shortee, Well, seems like your an expert, doesn't look like you have much to gain reading this thread...... why the f@#%k are you wasting your time. Your absolutely right that trading off of level II is just like playing a video game. A video game for money! For some individuals quite a bit...

Motas, Ooouuch!! Sorry to hear that your education has been so expensive so far. I am sure that you'll get some good constructive comments from this thread and I'll try and give you the first..... GET RID OF T.D. WATERHOUSE!!!! These guys will suck the life out of you!!! Besides having...

Can anyone confirm what Thug was saying earlier about Super Montage requiring a T-3 connection or a Nasdaq workstation. I have actually heard some stories similar to this previously and it is starting to concern me somewhat. Is this going to leave remote traders shit out of luck?:eek:

MG & Thug, Ahhh yes....., I now see the error of my protests. How right you gentlemen are! How foolish of me, (a mere pedestrian) to think that an SEC rule could be anything but shear genius and of course beneficial to me.In retrospect I am glad that the SEC fee has been raised back. I mean...

Hey Don, What is the interface for Super Montage going to look like anyways? Is the level II going to retain the same look and how is S.M. going to impact the functionality of current levleII trading platforms? Just curious.

Thanks Vinny1, Seems as though you are right about the pro-activity. I have used INCA more times then I have cared to in the past while scalping ( usually try to avoid it if I can). Have always accessed INCA through a direct connection vs. through select-net but have never had orders go...