Search results

"The trained eye indicator" really - tape reading, watching order flow, looking for obvious vol in support or resistance levels, HOD and LOD breakouts esp around 9"45 - 10:30, and of course EXTRA attention to the TICK and S&P futures and the stocks intra-day relative strength or weakness...

top 'o the market ? I am in the area buying 50cents or less on the dollar. Know builders sitting on 7fig customs (well now in the mid-high 6's) trying not to be foreclosed on. Albeit some areas are holding value well. Denver didn't rocket up like CA, AZ, NV in recent years so we might not take...

Like hires like. It seems to be a subconscious thing but I have seen it over and over. Hiring and decision making staff seem to gravitate towards folks who are like themselves. Call it 'office culture'. If you do get hired into a 'opposite culture' you might find yourself very lonely. And I see...

my experience tells me once you get in as 'sales' it might be very hard to break out of that 'profile' into corporate trader. might be best to come in initially with strong desire to be a trader and let the company pick the entry level spot for you.

I've done both but trader as independent self directed. As a broker I was a salesman. Like a real estate agent or other professional sales position it was all about making sales and nothing else. I grew tired of it - not really my 'bag'. The corporate in-house traders I knew had very high stress...

I am married - grabbed the first woman that would put up with me :D But neighbors and other nosey types always ask the question I hate "so, what do you do ?". For those that I care enough about to answer without being a smart arse, I have been saying Asset Manager. I also invest in real estate...

Hey, considering a prop trader position w Assent (old Andover) now owned by Sungard. Anyone out there with any experience working with these folks ? Program sounds good, tape readers, 100% payout, work from home, training, etc. Anyone have experience with other firms ? I plan to shop around...

true tape readers (non chartist) do not analyze charts. Also a good training technique is to take a very small position on a random stock w/o looking a chart and manage the trade for a couple swing cycles - but staying in the stock. Switch long to short and so on using hard stops and price...

advances would be the new sophistication of institutional black box systems. these complex programmed systems can play with patterns. they can predict the probability of an emerging pattern and play it early with enough volume so patterns launch early in a big way or fails early or just runs...