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________________________________ Tice and Arnott are at odds with all 15 Wall Street strategists tracked by Bloomberg News, who stuck with their forecasts that the S&P 500 will advance in 2007 even after last week's tumble. The group includes advisers from Citigroup Inc., Goldman Sachs Group...

Most of the "once" best traders are now making nothing. The nyse has become a circus. Ask them if they are going to teach you scalping or intra-day position trading. If they try to teach you to scalp nyse for pennies, you're not gonna make money, only they will. Everyday, it's becoming harder...

Scalping is nice if you want money every day. But extremely stressful. But you will never ever get the big moves by scalping. I am sitting here watching ice with tears now. Every time I get into that crap, it fucks me and today I decided to stay away from it and look at the move... As a scalper...

Exactly. Don't go to finance if you are looking to be a trader. Learning to program and learning advanced mathematics is the best way to go. I had no one to guide me and I wasted 5 years for a finance degree... But you have our guidance. Use it wisely.

Extremely valuable comments above, Eventually I will have to learn c#, perl, etc... I want to get into game programming and for that I need c++. Do you guys think I can master all these on my own or would it be better if I found a paid professional who can work with me one on one? thx

Thanks for the reply guys. I am trying to make a career out of this. Some how, I don't feel that I am going to make it in trading... I had a very good thing going and now I am on the verge of giving up because I can't take the pressure. I am only 26 and my back and shoulders are in constant pain...

It's the same way I felt when I got hired. I thought I was getting into some "sky is the limit" business. But it's turned out to be sky is the limit for losses. Anyway, welcome to Scalpers' Community and tell us how you feel about the job 3 months down the road...

Hi friends, I have been looking into learning c++ and I started a week ago. I just wanna know if learning it on my own is worth my time. Or should I go to school? Personally, I think the education system is a scam. They just read out what's in the book and I feel that I can learn it on my...

Is there a futures contract that mirrors the moves in the steel index which contains nue, x, etc..? I looked all over on cbot, cme, and nymex. I only see silver and gold...Is there even such a thing?

Thanks a lot Spectra. I've been following your track record and it looks astounding.:)

Perfectly said. Good retail traders can crush former institutional traders who do not have access to order flow anymore. Once the nyse went hybrid, a lot of specialists were let go and then they joined prop firms. I hear they are no better than a beginning day trader... Order flow is what makes...

If your father is a trader at a big firm, then you can be too. It's all about who you know. Or You must have graduated from a top tier university with a super quantitative mind.

Hi Spectra, I'd like to ask a few questions regarding futures. 1. Does the ym move 1 point at a time? - How much is 1 point worth on one contract? 2. Does the es move .25 at a time? - How much is 1 point worth on one contract? For example, when I look at a es chart, I see the...

Have to strongly agree with heavy hitter. How can someone on a message board assume that the OP has no passion for trading:confused: :confused: I've been trading and watching the markets since I was 17, but from my posts can you tell that I have a passion for trading? Passion is not in...

This is the best advice anyone wanting to enter the financial industry can get. My finance degree is a piece of shit..

:eek: So they're not getting rid of the two tier system with the implementation of nms? I just don't understand these crooks. If nms is to protect best bids and offers, then how could the floor traders have the pivilege of trading beyond the best quotes? Even after nms, if there are still...

Ok, so let me try and understand this: Once nms starts, it means that there will be no more bullshit trades above and below the absolute best bid and offer. Now if that's correct, isn't that a good thing for active traders? I have become sick of trades that go on above and below my...

The whole securities industry is a scam. It's designed to transfer wealth from the middle class to the well informed upper class. I think we have a much fair footing in a casino than in trading. At a casino everything is chance and there is no one that has any inside tips or insider info crap...

I just heard from the news desk that the sec is probing into illegal trading ahead of txu buyout news. Can't find an article:mad:

Oh my god, that's some sick stuff. How can they get away with that?? They sold you 85 cents below the market price on a $56 stock and they're not gonna bust it? I know one of these days, this crap is gonna happen to me and when it does, that'll be the end..