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Thanks grimer but we're making very good money on the NYSE.

That must be specific to direct plus because it certainly isn't an NYSE rule. Perhaps grimer11 thinks it is.

Is that supposed to help?

Could you please explain what this "5 cent rule" is? I've yet to speak with someone who knows what you're refering to.

Thanks guys for all of your responses. I've received some great PMs from some people definately worth keeping in touch with. My intention with this thread was not to throw out questions and not provide any feedback, it is just obviously in my best interest to respond via PM. I believe that...

Thanks reid, I'm actually netting significantly more than that, but wanted to hear from traders doing 10+. I have been increasing my size each month as my account grows (only been tradin 16 months) but am just looking to add some new strategies to diversify. You are indeed right that sizing up...

NYOB, not NYSE

The NYSE is an absolute must! Say for example you have a large bid on the inside market. There can be an order coming through the book selling the whole thing five seconds before it gets printed. The stock on the bid is GONE, but without the book you have no idea, you just sit there leaning...

I do not expect that at all. There is a lot that can be discussed without revealing too much. I help many traders without compromising what I'm doing. I trade in a higly productive office where myself and others share as much information as we can. Those who segregate themselves for worry of...

For that reason PM is likely the best option. People can call myself and others liars if they want to, the money still makes it into our accounts.

LOL, I hope that's not the case :)

I've started this thread to try to find some currently profitable traders to have an ongoing dialogue with about what's working in our current market conditions. By profitable I mean at least $10,000 per month or more on a consistent basis. Feel free to message me or post on this thread so we...

Has anyone heard any more good debates about the NYSE going to nickles and dimes rather than pennies? Having $100+ stocks trading on pennies is a bit absurd. I've heard the arguments that this would not lead to increased profits for traders, but for arb-style traders it would absolutely lead...

Just as a side note what trading style are you trying to test with this? If you are going for good moves then a simulator may work well for you, but if you are scalping small increments these simulators often have extremely unrealistic results. I remember using a Cyber Trader simulator 2 years...

This money that you plan on using for living expenses, do you plan on having it in your trading account? Any money in your account cannot be relied upon for paying bills. I started out with one year's worth of living expenses outside of my trading account and zero commitments to anybody as a...

Daryn did an excellent job of explaining how leverage can be used without excessive risk. JPM/ONE is a great example, I also trade this along with other mergers from the long side. Trading from the long side doesn't mean that I expect the deal to fall through, it just means that I have a...

Leverage is a non-issue at Bright. If you're trading risk-arbitrage you will not make good money with 10:1 leverage. I've gone as high as 50:1 without any problems, just keep in mind that these positions are subject to haircut charges. I would not make a good living with any retail firm with...

Looks like it's a done deal. Nice to see easy positive numbers today, makes it marginally safer to really put size on.

What are you doing with the REITs? Thanks

There are also sponsorship opportunities in the Langley office for traders with less then $25,000.