Search results

Jake, if you're still in High School - clearly you should study especially in math and finance, get into a good college and study there. Trade your own acct if you like, but never put up more than you can confortably afford to lose. Then go for a job with one of the big Wall St. firms...

I think you're being tough on yourself illiquid. What you may want to ask yourself is What are you getting out of trading? It really doesn't matter what others think of it because how can you make judgements on how someone chooses to live their life. I think many times the real reasons...

I came to the conclusion of the memory mapped file/linear database. Prefer to roll my own for several reasons, mainly because it's more fun. I've gotten records written out at a rate of a couple million/per sec. to disk as I start to prototype this, although not piped in from the network...

You could play the highly correlated pairs like this too. Nice low bar if you can shoot for just gross positive. I imagine places like tradebot, their concern is not "how do we get a more profitable system", but instead "how can we do more and more volume". Like a casino they just need...

True. I think about where the money comes from though - maybe more from the ECN liquidity take fee than from other traders' accounts. The fact they have their own ECN is sick, becuase they can pocket the .002 they would have to pay out for liquidity. They are essentially up .003 on every...

Think they are pairing the QQQs against a basket of Nas stocks? This would account for the large Q volume on their ECN, and the one stock mentioned where they did alot of volume is MSFT. Another thing about their "edge" or "secret". There really is nothing new under the sun and alot of...

If you're buying at the bid or selling at the ask, you take on the risk of not getting the trade. If you get the trade in that situation consider that the mkt is moving against your position, so you may be better off just buying at the ask/selling at bid - if you feel good about the price...

Yes Nasdaq has seen them come and go, not cause they beat them - they bought them.. BRUT for $190 million INET (with Brokerage grp) $1.9 billion INCA bought ISLD for $500 million NYSE/ARCA and the other consolidation. The end game is not to topple Nasdaq (very unlikely), but get some...

Modulus, can you elaborate on "triangulate", when working on what is essentially a large byte array.

I believe one has to get registered as a broker-dealer and find a firm to clear their trades. I think approval by NASD and compliance with their ATS regulations is required as well. The attraction to BATS or other ECNs - prices. An additional .001/share for adding liq can amount to hundreds...

The idea that trading is somehow not gambling is insane. No certain outcome = gambling. Are you risking? Then you are gambling. Some would deny this - only because it makes a trading career less socially acceptable. OK, so you have a + expectancy system, you are gambling with an edge...

they keep the shills on this board employed :) oh, wait that's a reason to stop daytrading

I must agree, Echo is very fair and good people. Despite Bright's opinion, your money probably as safe at Echo as with any prop firm.

For the firm taking people off the street, more insane. The firms you speak of I think have something extra, for instance the big players, they can push markets around, have inside info sometimes, they have enough capital to shake the smaller players out, some cases trade customer flow...

College loan, credit cards, parents, friends, sell items.. Anybody enrolled in college can get a loan for 5-10k. Geez, so you wanna be trader? So you spend $20,000-100,000 on a college education that is worthless to a trader, and you won't come up with $5k to start your little...

Who has been doing that? \

and you guys bragging on your "60k$ months" who the F*** do you think you are.. Joe Kennedy? Better to quit trading and run the SEC!

The whole system is set up for SEC to take away any "unfair manipulation" by traders. You guys who depend on bullets/conversions/shorts, etc.. too much are fighting a losing battle.

Clearly the prop that doesn't require a deposit is the failure waiting to happen. The idea that companies will bring in guys, give them money to trade, and train them into winners is insane! (Not to mention an insult to traders - an underestimation of the skill and years of experience required...

You will probably see a little better base rate (.001-.002) for NYSE as opposed to Nas. I suspect since props do mostly NYSE they are getting better volume deals for the clearing. Any generalizations like "NYSE trading is more profitable than NAS" or "all inclusive ECN rates are better...