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  1. M

    Clarifying Mortgage Mess

    They are going back to conforming loans because the is no bid for anything that can not be sold to Fannie or Freddie (which are gov. sponsored) With no bid it is hard to determine value of the mortgages lenders are holding. Large commercial and investment banks are requiring more...
  2. M

    p/l thread 2007 skeptics and detractors

    So you do not believe people can make mid 6 to 7 figures trading the markets? Stick to office work.
  3. M

    The Legal Dilemma with these prop firms

    These contracts are nothing compared to what you had to go through several years ago to get into the business in this capacity. You are right to pick through the details of the contract but you did not really expect the deck to be stacked in your favor did you? By the way the 3 firms that...
  4. M

    Trader P/L 2007

    Quote from Szeven: Believe it or dont believe it... i know im having trouble... I read this thread from time to time to compare my trading with others. apparently I am not doing enough! That is humbling.............. Good work! :cool:
  5. M

    Dumb question about selling short on ex-date

    If you are short you will owe the dividend. Your account will show a pending negative amount totaling the dividend amount. It will be debited on the payment date.
  6. M

    equity traders making over 100k

    1 to 3 days hold time.
  7. M

    What % of traders really make money?

    There is a very big reason you do not hear much from people that make money. In many cases a trading method that works for you will not work if 20 other people tried to do it at the same time (on a board of 80k members I doubt anyone is willing to share their hard earned tried and true...
  8. M

    Why Trading Should Not Be A Career Choice

    RE:"I look forward to Monday... how many people can say that?" I feel the same way. Sure beats the corporate rat race............. :cool:
  9. M

    Why Trading Should Not Be A Career Choice

    Michael you sound like you are a career salesman,,, stick to what you know. It is not appropriate to educate and lecture people in a field that you have not worked or spent much time in.
  10. M

    My Experience at a Prop Firm

    Frank, I know you directed the question to someone else but most forex brokers have simulators (game accounts) that let you paper trade. Try www.OANDA.com and set up a game account, it is free.
  11. M

    Any statistical arbitragers inda house?

    http://www.pairtrading.com/index.php Start here. Bright trading does alot with pairs. www.stocktrading.com
  12. M

    My Experience at a Prop Firm

    "I knew a lot of Bright traders moving to Worldco" That was before Worldco went belly up........
  13. M

    My Experience at a Prop Firm

    Maverick, With all due respect, Worldco's traders were probably no better (or worse) than any of the other big equity prop. firms in that period. When the dust settled at the end of the day Bright came out on top..............
  14. M

    My Experience at a Prop Firm

    I started my trading career at ETG in 2000 the last year they gave a salary (not a draw as previously stated; a salary plus 30% net profits) when you were ready you switched to a membership type deal. I did it because I was in my 20's without a significant bank roll. They paid for the...
  15. M

    Spread Trade Oil Futures-please help

    Check out the book The Encyclopedia of Commodity and Financial Spreads published by Moore Research Center Inc.
  16. M

    My Experience at a Prop Firm

    Sounds like sour grapes. By the way you have a better chance making it daytrading then land and keep a mid six or7 figure trading job at a large investment bank or hedge fund.............. This business is RUTHLESS whether you trade retail from a home office, levered up at a prop. firm...
  17. M

    Looking to leave equities trading, what new markets to trade?

    My trading started to slow in late 03. I started a business with my wife. This year I started to trade full time again while managing the business during slow periods. Making this move was difficult but did the following: Gave me a break from the business Established a solid monthly cash...
  18. M

    TIPS against notes via futures

    Check out TIP (ETF).
  19. M

    Pairs Trading

    Quote from gkishot: Does anyone know of a good free software for charting pair spreads? Free pair chart. The symbol should be entered with a : separating the 2 securities. Example BAC:C http://stockcharts.com/h-sc/ui I do not think this will give you intraday but it is a good...
  20. M

    providing liquidity

    Providing liquidity on Arca rebates the trader .002 cents per share and taking costs .003; from what I understand. Taking liquidity (hitting the bid offer) on NYSE does not cost the trader anything extra. My question is what does NYSE charge for providing liquidity through NYSE?
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