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What would happen if mean home prices returned to where they were just 18 months ago? That would be a very small retracement of the last 8 years move. The average family that bought a home in 2004 with a low downpayment would be insolvent. The average middle class household is wiped out on...

Based on about 31 months of daytrading results. I am confident that i can make at least a 5-30% annual return on 3 million in buying power. So the answer to the thread's question is yes. But only if you have sufficient buying power. As I said before, 100k is not enough and you need to...

You want maximum leverage for day trading. Very little leverage for overnights or mkt will take all your money.

You can't really expect to pull more than 30-100% out of the market in a year on your buying power day trading year in and year out. So in my opinion you are wasting your time if you are trading less than 250k. 100k buying power is certainly unacceptable. If you don't have this much money...

Average order size has dropped to around 500 shares from over 2k shares. Market orders over 5k shares on mid cap stocks (where there is more of an "edge") are non existent. Because of the small order sizes stocks rarely ever over shoot and are arbed to the penny by the market place. Thus no...

Seems like specialist is content to keep the price the same all day. What is this ****. No wonder specialists can't make any money. This is crazy. Hey, any specialists ever come to elite trader? If so. Could you please tell us what the crap is going on.

Maybe don bright can answer this. Is anyone talking to the SEC on our behalf to get rid of these silly short selling rules for daytraders. Day traders provide liquidity (which is lacking badly right now) so we should be able to trade at will. I see no reason for day traders at prop firms to...

At least in its previous form. It used to be that you could be in a trade for 5 minutes and make money. like 30 or 40 cents on 5k shares. Now most stocks are in a 5 cent range for 5 minutes. So you really have to sit in a stock for 30 minutes or even the whole day. So basically day...

I was at worldco and now at generic. how about you.

seems like trading is hitting new lows again. Homebuilders were one of the last sectors left with decent volatility. And not counting the afternoon today they have been flat line for 8 sessions. I'm pretty bummed tonight that i can't make anything. And worried i will lose if i keep...

Why not just enjoy the summer and play with your friends.

How much can you make day trading with 150k?? If you make 100% after commissions (which is near impossible in this mkt) that is only 150k income. I stand by my comment that you are wasting your time if you are trading 150k in capital.

If you want to be a day trader and have under 500k dollars you need to go to prop trading. How else will you be able to get a million plus in buying power which you need in order to make a living. You will find very few prop traders with 5+ years of experience because this has only been...

Just read this very interesting article by bill gross. http://www.pimcofunds.com/commentary/mgr_billGross02012004.jsp Supports the view that this is a "fake" economy and recovery. If this plays out badly you will want to start hoarding those Saltines.

Thanks to all who participated in last nights Vigil. We created the biggest selloff of the year!! Good work.

at 9pm ET lets all think in unisone "trading come back" "trading come back" "trading come back" Sacrifice an animal or 2 if you think it will help. Just do something. This is getting ridiculous. i sat in BRCM for 4 hours today hoping to make 15 cents. But I was too greedy...

greenie knows only thing holding up the house of cards is 1% fed funds. And he wants to retire on top. Thats why there is every incentive to fudge the numbers for as long as possible. There is crazy inflation out there. Probably running on the order of 3-4%. If they released the real...

Will the vix futures trade at a big premium? I would love to put all my networth into the VIX at 14. And just sit back and wait till it hits 20+ and then push the sell button. Would beat day trading thats for sure. Must be some catch. How exactly will this thing trade. Can you park...

Also, something changed bigtime over the last 18 months. Instead of an institution placing an order to buy 7k shares of a stock. They are placing 10 orders to buy 700 shares over say a 20 minute period. Its this type of "program" thats killed trading. Individual orders are no longer a...

Because of the lower volatility. Tape reading still works, but its only worth an extra 5 cents now on a $80 stock instead of an extra 40 cents. And the market is so thin that only 1 person on the planet can get the good fill versus 10 traders.