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My understanding is that Bright focuses on primarily pairs trading. I am a more directional news-oriented trader. Are there traders like that at Bright? And again, any remote traders not with Bright that follow a similar type strategy, or other successful strategy? Send me PM.

Any successful remote traders in the Las Vegas area want to meet up and discuss trading strategies, platforms, and/or trading firms? Maybe down the road we can start up an office or executive suite, and leverage our group to get better rates. I have been trading remote out here for the last...

bot 500 BPT at 66 sold them 74.75, shorted 800 at 77, covered 300 at 69 and the rest at 70... all before the opening bell even rang... what a beautiful morning!

Anybody hear of them, or have an opinion on them? I believe they are affiliated with Schonfeld, and took some of the good WorldCo guys when the ship went down. Any feedback would be appreciated.

I would love to know... I pretty much gave up

I guess my question is, how would regulators become aware of this? It would only be if the client reports you right? or would the broker/dealer do something? I know paperwork would be signed by the client indicating that he understands this is day-trading, it is risky, and commissions will be...

Discretionary Day-Trading a client account and charging a commission? I know it used to be done a bit more back in the roaring late 90's, but I never see it posted around here. Let's say someone gives you $100k because he knows you have been a pretty good trader over the years. You then trade...

Just so someone can give you a response to the original question, I have averaged over $200k/year the last 5 years, and have traded nasdaq almost exclusively (hate the specialist system). And rarely do I ever use over $150k of buying power. I trade at a prop firm and at times may have...

On an un-related note for you Naz traders, do you know if the SIZE function is proactive?? i.e takes out bids and offers and then posts the rest?

Thank you all for your helpful responses. I didn't realize the accounting expenses would be so high. I think you can minimize start-up costs through certain firms, like Green Trader Tax. Does anyone have experience with them? Also, Don, I do understand your point, and I trade prop right...

I would put my own money in the fund, but I would rather leave the money in and grow it, as opposed to taking out periodically for regular expenses. By trading separate account, perhaps prop with only 5-10k, I can generate an income separately to suffice, while I let the fund grow (hopefully).

Let's say I have some investors that want to give me a small amount, say $500k, to trade for them under a typical hedge fund format, 1-2% mgmt fee and 20% of profits. Obviously, that does not translate into big earnings potential for me, unless I return an astronomical number. But I am...

Just moved to the Las Vegas area from New York City. Can anyone tell me what prop firms are out here? I know Bright seems to have the biggest presence, but I am curious if there were others. Thanks for any info.

Has anyone ever used a plasma tv as their monitor for trading? 42" Gateway is available now at around $2,400. I was thinking of getting 3 19" flat screens, but the cost of those with the video card works out to be about the same if not more ($700+ a pop). And the plasma gives you a lot more...

You are probably right. It's not that much at this point anyway. I wonder when the K-1's will be sent out, so we can see the final damage.

Good question. I am going to net out the difference until I hear otherwise.

Anybody heard anything about the remaining 33% of our money they held on to? Is it a lost cause to think we might see that cash?

You guys are right. We devised the whole scheme to shamelessly promote our firm. It is amazing how quick everyone picked up on it. Sorry about that, and happy posting...

why is there such animosity? I just don't get it.

Thanks for the reply. Do you know if you are able to hide size on ecn's? i.e. show 200 shares on level 2 but order is for 1000 shares. And does it have depth of book for all the ecn's with the ability to put orders on each? If you could let me know, I would really appreciate it.