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that guy was paying off FBI people for information regarding which companies they were investigating. He was then posting this information on his site, and other web chat sites. The interesting thing is that he was paying around $30,000 for the information, but they seized a Jag, a Hummer, a...

at least this battle will be more interesting than celebrity boxing. Although i would probably say that it would only be a tie with foxy boxing :D as far as the original post is concerned, i still can't believe people even listen to some of these guys. If you say that you can only make...

there's one thing i don't understand. In all of the problems that firms in our industry have encountered, and with knowledge that the go-go days of 20 point moves are over, why are firms allowing traders to get into such huge positions? What kind of risk management is there? Or should i say...

your views on L2 trading and the 0.05 cent print are quite sound. Another possibility in terms of large block trades is if you wanted to move a large order, you would more than likely get your full fill at a price outside the market by preferncing a MM. That would explain the 5 cent diff...

wanting to trade on your own has some good and bad things. like the above guys said, to be honest with you, it's not easy and only a small portion are profitable. that's the downside. the upside is that you depend on yourself entirely. That's why i like it. i was with a big firm doing fx...

i'm still amazed how Ben can do so much at once. He's calling the market, training new guys around him, taking phone calls...what can't he do? The best is when he takes a call and says "....yeah, this isn't a good time, call back later..." No kidding.....all the while still watching the...

100% Crap - Somebody had to say it. Okay DATT, 5 levels is enough, right? But why limit it at all? Is the system crashing because we see all of them now?? Don't you see, if we give them this, then what's next? Maybe I'm paranoid, but if there's money involved i know they wouldn't do...

DATT, that was a great story - sorry for my slow reply, i don't get out often enough ;) As for those bid/offer guys, it is the most boring thing in the world to do. And you know what? If it moves, as it does occassionally, a lot of these guys don't know how to trade, just bid/offer. I know...

Hey MACD, don't get me wrong, i love the credits, but I hate hitting them....i try to only hit MM and ISLD. I know it doesn't make sense for me to bitch when i'm profiting as well....ahh well.... cheers

"Hey Canuck, What do you mean since guys have started using LSPD. Do you use it ? Do you mean adding and removing liquidity via LSPD or what ? I understand that LSPD is providing credits for adding liquidity, if this is the case than I am sure that traders will use it especially if the credits...

Savage, Couple of points. In light of the educational crisitism, which is great, the only real way of finding out is by trading. Thing is with paper trading, you'll always outperform. Make sure to take into account the spread. With .75 stop, you'll really have a stop of 1.25 with the...

I think its too bad that we can't differentiate bewtween a MM and LSPD. To pay that much is crazy...is ISLD registering to move to the SOES executable system as well? THat would much better. I noticed that there is some less ISLD liquidity as guys are using LSPD more and more often..... cheers

great quote. funny how after all this technology is out here, and believe me I do love it, I was recently asked if a computer can trade like a human. how can you possibly code a program to trade off the tape like a true trader. there is so much a human can do, and so much that can be learned...

First of all, I would like to thank Don for his comments. Some of you guys are too willing to jump down his throat. Everything he has said is true, and no I don't work for him. I do trade, and have been involved in the financial industry (starting with F/X with a big brokerage house) and believe...

I too am a great believer of intuition. I started trading from a very rigid and formal background, not very “free flowing” and open to intuitive experiences. But my mechanical systems I worked on were always behind my own feelings for where prices were going. In fact I get so strong a...

hey voodoo, have you been eating too many "special" brownies? The more people that eat them and trade the better....for me :D like picking off stoned ducks, I mean sitting ducks cheers

why don't you open an offshore corporation, have an "office" in France and pay yourselve a "consultation" fee, while the corporation is effectively based out of the country? Not sure about your countries corporate laws, but I'm guess they aren't the best either....but you do have wine and women...

not sure of the author..... "find a job you love and you'll never work a day in your life"

BTW, this is a great thread :D on dealing with high pressure situations, there was a quote from a baseball pitcher in the early 80's, I can't remember who, but I'll look it up.... (not exact quotes, but close) a reporter asking the pitcher of a great world series performance how he was...

to each his own. I scalp and have swing traded. I like scalping myself. I don't just make the spread, but go for 8-12 cent moves. I was the guy in class who couldn't sit still, so it fits my style. There are guys who do this stuff, as it is fairly low risk. You can always get out, not take...