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Hitman- I'm not sure what you are paying for commissions but it sure seems like trading at Bright or Echo would help your bottomline. Fletch

I use qcharts and it basically sucks. I just don't understand how they can have such a flaky data feed. Almost everyday when the market opens my data is lagged. I just watch NYSE stocks so it's not like there are millions of trades going through like on NASDAQ stocks. So... you may ask why...

ALOG is a very thin stock... only averaging 15000 shares a day. You could try and make money by stepping inside the bid and ask and playing market maker. But then you are taking the risk of carrying shares you can't get rid of. If there's not a market maker willing to take that risk... I...

Bright and Echo use the term "haircut" to describe the "risk charge" you have to pay for borrowing more money than you have in your account. In some situations the haircut charge isn't applied until you reach the amount of your capital * X. All haircut means is they "take a little off the top"...

There are no guarantees at an LLC, but for me, the extra leverage of a pro firm greatly outweighs the security of trading at a retail broker (assuming you make your profits before a firm blows up). The GE/HON deal was one that "couldn't go wrong". The market always loves to ruin a sure thing...

Gene- Does your company have ticket charges? Have you considered a price structure like Bright or Echo? Fletch

Here's how you monitor ALL your traders... whether at Echo or Bright: you have a list of all your traders sorted buy % of P&L lost. This is constantly updated. All you have to do is see who's at the top of the list. Both companys have multiple people watching these lists. There are also other...

Yes, Bright is still anti-NASDAQ and requires higher capital requirements (unless you can convince them to let you trade smaller shares with less capital) At least they now offer you L2 (for an additional fee) but I think they only give you access to REDI and ISLD routes. REDI will technically...

If you are referring to the Trading Expo in Anahiem then I would say there is value in visiting some of the vendors (assuming you don't have to spend a lot of money flying there). I like seeing what the current stuff is that the quote providors have and what new deals some of the brokers are...

Here are some other things to be aware of at Bright... On the negative side: I know a few people at bright that recently had to quadruple their minimum account balance because they had a trading style that some other people let get outta hand. They had been trading the same way for almost two...

Bright only keeps 25% of your profits (over your initial deposit). So if you don't make much money it's not a big deal. If you make a lot of money then you might want to stick around anyway. The other side is... Echo doesn't keep any of your money... and that's the best deal of all. At some...

I heard the guy that started Echo came from Bright and that the financial backing was from someone in real estate. You can call Rob at 866.700.ECHO x107 and he will be able to answer most questions that you have. Your income is taxed as "ordinary income" and not subject to self employment tax...

Just to give a little perspective... I failed the first time i took the the test and I know a bunch of guys that failed, too. I had studied about a week and had a deadline to take the test. If you can pass the sample tests you should be able to pass the exam. I figure I studied between 90-110...

yent88- Pretty much everything available in print on reading the tape can be found on this thread: http://www.elitetrader.com/vb/showthread.php?threadid=1633 There are 2 books on tape reading, both from the 1930s, i believe. For the most part... people that can make money reading the...

There was 25000 shares on the offer... the stock was trading a lot of shares and the offer was slowly being lowered. Then people started hitting the offer and it was quickly disappearing so I covered my short and decided to go long 500 for the bounce. The bounce quickly dropped so I decided to...

genebort- I trade from home for a pro firm. What you miss is the interaction with the other traders. This includes someone noticing a stock that starts to move, a sudden gapper, maybe some advice on how you blew that last trade or just general chit-chat. These are very important things and...

ok... I'll bring this thread back to life: How about we look at DE on Monday the 30th. and break down what was happening. For me, I traded it short on the opening... the stock was fairly heavy. As soon as the offer was getting hit I went long (at 42.31) and scalped a few more cents out of...

ok... i'll share my system. For me it's a very nice tight system... I used to have a slightly larger system but this seems to work best for me now. Nothing is really state of the art but what is critical is the redundancy. For trading I mainly use four computers as follows: 1 quotes/custom...

SLK has an API for Redi+. I don't think there are any minimums or fees... just has to be approved by your broker. It's not the best API in the world... but it works.

I'm not so sure about #The_Final_Frontier... very very strict in there... Agent99 likes to kick people... and it hurts ;) Just beware... no spinning, twirling, gurgling or saying LOCK, Gore, Elian or Hillary. If you are looking for a little fun... there is always Sonjii, the bot. And as...