Search results

This is nonsense. According to your "logic"... Anyone that "had the desire to put in the hours of hard work day in and day out"... Can be a world class musician... Or an Olympic athelete. Do you have any idea how many wannabe "day traders" I've met... That have ZERO talent for this...

Exactly how is the FACT... That the Securities Industry is controlled by a "bunch of crooks"... news. Didn't you see "Wall Street" 20 years ago?

Unless you're processing terrabytes of real time data... Which ** very few ** pro traders are... Trading platforms are NOT very CPU intensive. I do 500 trades/day running VB6 and Excel custom systems... And the ONLY bottleneck would be processing real-time quote data... Which is usually a...

You are rapidly losing all credibility with me... You seem to know very little about real life. Most people here are degenerate gamblers talking big. Even "traders" eking out making 10-20K/year... Are classified by sociologists as "subsistence level gamblers". Oh and btw... Women can...

I pretty much agree with you... But I would use different terminology. The key concept is "market efficiency"... Because the degree of "randomness"... Is more or less a FUNCTION of "market efficiency". Highly liquid securities are very efficiently traded... And are therefore...

I think Spec is MUCH closer to reality... then NYOBScalper. > they do it very seldom since they got audited > and fines are pretty big In reality... this is not a big factor. The NYSE "audits" itself... Buddies "audit" their buddies... Then they go out to lunch together with their...

Thank you for "getting my point". Note I do not use TA terms like "pattern"... But market structure terms like "inefficient"... Because TA is a false world much like astrology... That is heavily promoted by the Securities Industry... In order to entice semi-intelligent people to trade and...

There is a REASON experienced traders dismiss this type of character: This guy is the Ultimate Conformist. A Cog in a Wheel. Most successful traders are non-Conformists... They think independently and creatively and in a VERY contrarian manner. From the day they are born. As someone...

You could say the same about most operators in the Securities Industry... And, especially, subsistence level degenerate wannabes. It all comes down to a culture of EXPLOITATION in America nurtured by pop culture... As opposed to the WORK ETHIC that was dominant 50 years ago. No where is...

I have a degree in Computer Science (1982)... And 15 years as a full-time trader... Manage a 7 figure hedge fund... And do about 3,500,000 shares/month. So I have DUAL professional expertise... And might have a different perspective then someone with more narrow experience. There is no...

Canadians cannot avoid a 15% withholding on US dividends. But you get a dollar for dollar TAX CREDIT for all dividends withheld by the IRS... So if you have a competent accountant... it's a wash.

It happens all the time. http://www.google.com/search?hl=en&q=%22market+maker%22++criminal+nasd&btnG=Search Your trading strategy has to be robust enough... With wide enough profits margins... That you can easily ABSORB the "slippage" of people playing games with your orders.

Why do you make false assumptions? It's a BAD habit. I trade lower volume stocks... And I always get NBBO... if I want to... But not because IB gets it for me. TWS does not even provide an NBBO quote... BY DESIGN. The ONLY way to reliably get the NBBO through IB: (1) Need 3rd...

I always get NBBO... if I want to... But not because IB gets it for me. TWS does not even provide an NBBO quote. The ONLY way to reliably get the NBBO through IB: (1) Need 3rd party pro grade quote terminal with quality NBBO... I have Thomson. (2) Set limit order to NBBO... route...

I don't agree with the your first assertion... That orders "away from the NBBO" are in any way penalized. The regulation is "best execution"... NOT "best price". There is NO obligation for any broker to get you the NBBO... If they can make a case that, overall, your trades are getting...

I did not say anything about Paul... And I more or less support him. I commented on this kind of HYSTERICAL propaganda... That is not only inaccurate... but totally ineffective. It's Perma-Bear Porn. For most people in America... Life is good... And Ron Paul is booooooooring.

If you are a weatherman... And you say that it will rain every single day... Then you are a fraud. If you are a TV "pundit" and "market forcaster" like Tice... And you say that the market is gonna crash every single day... Then you are a fraud. Tice goes on TV to talk down his...

If you order fill to change ratio is > 50:1... Then you are: (1) Incompetent. or (2) You are spoofing and manipulating the market. Either way... you are hurting real traders. F*ck off and die.

"If you price the Dow in Canadian dollars... it went down 100 points". And then David Tice starts HARD SELLING his Perma-Bear Scam. As long as Ron Paul surrounds himself with self-serving crackpots... He will be stuck in low single digits.

You do not think logically... And have obviously not been TRAINED to think logically. PROOF? This entire thread is about logical fallacy... And there was some discussion about CERTAIN professions... Where people are TRAINED to think logically. Yet you just posted a 500 word speech...