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Well you are at least correct in your statement of what you describe as being "similar to just having a retail account". Aside from that what you have described is absolutely NOT PROP ! It escapes me as to why there is still so much confusion on this website about this topic. The PROP in prop...

You are asking a question that can not reasonably be answered without more detail. You need to consider things such as ; 1. how many shares a day do you trade? 2. Does your style / strategy permit you to increase your trade costs by a factor of 5 to gain an additional 25%? 3. Is it...

BGP AS ???????

If we are not talking 100s per day we are not talking high frequency by today's standards. Good luck with things 2cents! As I am sure you have already realized from your testing, signals are easy to generate, it's avoiding the chop and not giving it all back in commissions and slippage. Keep...

The platform I trade on now prohibits odd lot order entry except to close out an existing position. Odd lot orders to the specialist are absolutely prohibited under any circumstances so can only get out of odd and mixed lot trades on ECNs. These guys are serious about it too (the specialist that...

No more open book in Hydra, what gives? Hmmmmm................ sounds ominous. Auto

Yes have been dealing with this for a few weeks now. All of the sudden it seems like the Specialist is getting all pissy about odd lots. Personally I hate them and they are a pain in the ass, unfortunately in a days worth of trading I get them all the time. Don't know what the catalyst for the...

Where's Don Bright on this subject? You would think if anyone would have something to add to thid discussion it would be him since it would impact opening order strategies I would think. Auto

No, as long as you are not trading with yourself and/or trading strictly to try and 'paint the tape'. If you are actively engaged in attempting to profit by trading back and forth on a stock, such as a market maker would do, then you are not wash trading. Many execution platforms will stricly...

WTF are we talking about here? This sounds like nothing more than some kind of 'Turtle' experiment or simply just setting up a defacto 'prop' operation. Funny enough, it actually sounds like you are talking about a true prop scenario where traders would not risk any of their own capital and...

If you join an ACTUAL prop firm they will not require any risk deposit.

There are fads and there are trends. I think devices such as the I-Phone are the trend , but I think the I-Phone itself is a fad (granted I'm know technical wizard). Apple had great success with the I-Pod, but they were not the first to mkt with a portable digital music player, they just...

Snoop, Just so you are aware, this is not 'prop' trading as defined by regulatory standards. This has been discussed on other threads as well. If they are taking your money as a deposit and there is any discussion of leverage, then it is not prop, just what is politely referred to as...

LOL, nice! I would only respond by pointing out two important points; Mr. Lamborghini was both "wealthy", and already a "manufacturer". These two factors meant that he had both experience in the world of manufacturing, and the money he needed to approach it in whatever manner he chose. I dare...

Mav, This guy has no clue. I started to respond to his original post a while ago but stopped part way through and asked myself why the hell am I wasting my time responding to this asinine post. The guy has no clue about the 'trading business'. No idea what his background is, maybe a trader who...

Axer, your not from Montreal, where are you from?............... never mind I know where your from , do the world a favor and crawl back under that rock you came out from under, and stop talking shit about things you know absolutely nothing about! P.S. learning how to spell might be a better...

Your platform should be defaulted , or allow you to set your stop orders to observe the inside bid/ask to trigger your orders. Out of market prints aqre not uncommom and they render stops useless if your stops are triggered by the prints. Of course bid/ask activated stops are problematic as well...

I for one think that the removal of the uptick will create more volume in the market. It will be interesting to see what it does to volatility, and liquidity. It will certainly make it tougher for guys to post big size on the bid and push shit up by hiding behind the uptick. If you put yourself...

Dude.................. are you drunk?!!! You are confusing the shit out of this thing. I feel like I am drunk reading your posts. It works like this, BIDS on the LEFT side OFFERS on the RIGHT. You cannot 'post on offer on the BID'. The only thing remotely possible to what I think you are...

I for one will not miss it, good riddance!