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Hello everyone, I have 3 career related questions: 1. I 've been trading for about a year now and although I have been fairly successful, I feel that this job is extremely stressful. I'm giving it everything I got to make it, but if I don't, I need to have a back up plan to fall back on...

+1100 Finally...

Hydro, I am on your side. I think there's a lot of truth to what you are saying. Maybe there is a way to prove it to the nay sayers. Is there any way to see how much gs made in their trading operations for a particular year? If we can get that data, then we can prove the conspiracey. I...

-930 Dead meat. Now, I am officially entering into commission generation mode to get my buffer back. Can't make net profits. Wanna see a pure nose dive? Here is my career Gross equity chart:

Thank You insider and brownsfan. I'll check out those websites too.

I am completely new to futures and I have a few questions: 1. Completely stupid question, please bear with me: Do the moves in the futures contracts mirror the indexes or do the indexes mirror the futures? In other words, which moves first, for example: the ES or the actual s&p 500? 2...

This happens to me a lot. The only difference is that I don't place my limit out. I place it when the price nears my target. Because of this I miss the prints that go off on nyse above the best offer. For ex. I am in at 90.50 and I am waiting for the inside quote to get to 91. Instead, there is...

Hi Fractal, There are some threads that are already active for hybrid questions. For example this one: http://elitetrader.com/vb/showthread.php?s=&threadid=82394&perpage=6&pagenumber=1 If you want, post your question there and you'll get a thorough answer.

No way buddy. "Easy to make money?" Please, don't even ask that question. People are going to get mad at you.:D There might have been a time when NY was better than nasdaq. But not anymore. NY is going thru a lot of changes. The rhythm in NY stocks are gone and the prices are all over the place...

"Live Today, Fight Tomorrow" This quote has done wonders for me. But lately, Ive been ignoring this quote which will ultimately result in my demise...

-1350 -1000 yesterday Thats over 3500 in the hole in 3 days. Things have become harder for me. I can't understand whats happening.

Hey Trader1626, I feel your pain man. I've been going thru the same thing. I thought that hybrid would be just like nasdaq. But it is not and we have to accept that fact. The sad part is that they took away all the good things about the nyse and replaced it with totally chaotic stuff that is...

Thank You MC, thats what I was looking for. My gosh, lrp for MA is 25 cents and for COO is 35 cents...What the heck...This is insane. MA is $90+ and it moves 25 cents in a blink of an eye. Edit: I beleive the LRP numbers change depending on volatility, otherwise it doesn't make much sense..

Ah ha...That's probably what was going on. This is the first time I traded a $40 hybrid stock, so I forgot that the LRPs must be low. Thanks for pointing this out. Good job bitstream. I don't know what time you traded it, but when I traded between 9:30 and 9:45, I just got wacked around with...

What's the one good thing about hybrid? INSTANT FILLS. How come I couldn't get that today in COO? COO is a hybrid stock. And the specialist is still holding my market orders just like in the old system. Did anyone else see this nonsense? The stock opens up at 43.25 and I send a market order out...

-1375 Done for the day. Averaged down on cal to hell hoping for a bounce. Then oil data came out and got killed. The way I have been averaging into losers lately, I knew this day was coming...

When a similar situation happened to me in fdx once, my mentor said that the specialist CAN do that to me because the price of the stock is too high and screwing me for 40 cents is not that big of a deal and that they wouldn't cancel the order unless the trade was off by 2% of the market value...

+545 I could have easily been up 1k, but I let one bad trade(bby) ruin me. It' s really sad that I make money on 30 trades but lose half of what I made on one trade just because I could not admit I was wrong. When you're wrong, admit it and move on!

LOL:D Thats what it seems like. I placed a market order for a mere 500 shares for agn once and he spread up and filled me immediately 40 cents above what he was showing initially and then comes back down as if nothing happened. And I'm sitting here going thru time & sales unsuccessfully...

Hi JG Based on what I have seen, I think the specialist does have control over price even at normal times. Today, I saw the guy showing an offer on MA and he kept on refreshing it on level 2, which means he is either selling or shorting for his own account. And the stock was pretty calm and...