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datstrader I am a trader in chicago and would be happy to help you. I know floor guys had a huge edge with all the transparency down there but things have changed. Its definitely possible to make great money on the screen but like previously said in this thread, its a different ball game...

The market is always right and fairly valued at the time. At every moment there is a last trade which a buyer and seller agreed to so that is the fair market at that point in time. We as traders make a decision based on past trades as to which way the market is going to go next and where the...

haha im glad you understood what I was trying to get across. This is a very tough environment we play in. And to think that you can compete in this arena without any stress you are sadly mistaken. Im glad you decided to trade live though, vs with a demo. There is absolutely no value in...

I just feel sorry for the prom KING (considering he was straight) now that would blow! :D

Come on you guys don't give me this "you should never be worried about your position otherwise you are in a bad trade" bullshit. Everything we do is a risk in this business.........nothing is for certain and the trade could just as easily go against us than go with us. Its natural to...

locals are individual traders and I know quite a few of them. Most come with no college degree. They are great traders. Also I know a lot of prop traders that come with no ivy league education or none at all. I find that the guys that trade their own capital are by far the toughest and...

don't trade grain options on the screen simple as that! All the liquidity and volume is in the pit. So if you want to make a trade get with a firm that fills orders on the floor.

At first I didn't want to post on this thread as it makes me doubt my own faith (lots of good arguements here). All I can say is I grew up in a catholic family with extremely strong faith. My family has seen more than there share of heartaches in the past and through all this time they...

member commision and margin rates as well as profesional front end software

gont trade ags............in depth fundamental knowledge is a must (you can't just look at a chart with a million indicators and make money unless you are using the fundamentals as well.......you will get owned if you do that) Plus volatility will eat you alive.........limit ups, limit downs...

motocross-a good friend of mine who races motocross and we always go partying so I think of beer and good times chess-I know of nobody who plays chess so I think of either rich people or nerds

open outcry is far more transparent imo and I know im gonna get shit for saying that but I don't care. Sure the retail customer gets the shaft on the deal but the players that truly matter (funds, commercials, locals) benifit and can truly read the supply/demand of the market, who is...

not for sure (im not from the floor) but I would imagine just somebody who found another taker for the other side of his trade. However I do know that locals almost entirely trade with paper as paper is a price taker and locals are price makers. Paper needs to get some business done and locals...

scalp the bid/offer spread on the market. Hardly ever will a local trade with another local. They usually always trade with paper.

Just wondering how many of you profesional traders out there would trade for a living if you could do it all over again. I left my family, my friends and everything I have ever known to trade profesionally. I have become more self centered, less forgiving, emotionally angry all the time...

Chewed tobacco since I was in 8th grade and don't plan on quitting anytime soon. Where I come from its kind of a cultural thing. It just comes with the territory. We chew, we hunt, we fish, we drive down gravel roads drinking beer. Its who we are and im proud of who I am and where I came...

PAPA Would like to learn more about the delivery process on energy. How does it work? Is it like grain where there are exchange warehouses and receipts? Do you know where I can get that information? Am interested in energies as a side trade along with grains (roll every month, delivery...

Yes from what I have gathered the milk market is highly seasonal but your crazy if you think im going to base my whole trade off of a seasonal (especially in this anti seasonal environment the commodity sector is experiencing)

anybody seriously trade milk? I mean somebody that really knows their shit on this market, not somebody who has traded milk a few times before. I knew there used to be a milk options local on ET but haven't seen him post lately. Im interested in this market but know literally nothing about...

Hey Omar can you compete with this ghetto ass talk? Thought you might enjoy! Night Befo' Crizzmus Wus da night afo' Crizzmus, and all thru da hood, everybody be sleepin' and da sleepin' be good. We hunged up our stockins, an hoped like all heck, That brother Obama gunna brang us our...