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Uptick: Don't get me wrong, that was a legit set-up but I am merely discussing my experience with not individual trades but the set-up themselve. Channel or not it really is the same thing. People tend to be very strict with their set-ups but in reality a bull flag is basically a move to...

I use 5 minute charts. Longer term trend mean nothing until we are actually out of this trading range. And that QQQ trade The problem I have with flags right now, is that more often than not they actually mark the end of an uptrend. The specialists got a lot smarter and will often print...

Well, I can't tell you how many times I got burnt trading those flags last 7 games or so. Instead of getting a second leg most of the times the market just fell on my face. And this is WITH me ANTICIPATING flag breakout's instead of buying the actual breakout, if I bought the actual...

Fake, I bought 1000 AMD as I thought Bin Laden got caught, as soon as I saw that S&P futures wasn't following it up I dumped it for a 5 cents loss.

From the firm's perspective, NYSE is less risky than Nasdaq, easier for them to do risk management. From the firm's perspective, NYSE requires higher volume (5000 shares for a quarter on GE instead of say 2000 shares for a half on say MSFT) to make equivalent money of someone on Nasdaq...

My point was that it has been very hard to play a reactionary game, as most breakout's and breakdown's fail. Of course nothing is absolute in this market, but the traders that have done best are the ones holding on to stuff with half a point or greater stops (that why I said you have to be...

Grind it out, that is the way to play when you just can't score. 17900 shares on 7 of 12 shooting, +663 before commissions, +220 after. Last six games have been very, very tough. The market stuck in a very tight range and slowly bleeded but it was difficult to get any decent winners. It is...

Aeries: That was a better review, while we all have our opinions, of course. As I said, we can not run the second largest firm in the U.S. without a solid execution system. Think about it, we are not stupid, you can come to us with nothing and build experience/capital, the only...

Don: We do not "hire" traders, I mean, salary make people lazy and those that need steady income to support their family shouldn't be starting out in this business to begin with. It really CAN ruin your life. It is just too much risk to eat the initial losses AND give out a...

Dave: SK confused you with Dottom, who I believe is a newbie trader working for a competing firm but talked very big on our threads, asked a lot of high horse questions. Frankly, unless your friend trades something like a hedge fund, 8 out of 12 months positive in a year is...

You get the whole thing minus 5-10% (rule of thumb is the larger the size you do closer you get to that 10%, all they want is a little bit extra cushion just in case you pull a six figures down day) withheld six months at a time.

Pay checks are distributed every two weeks, like most other jobs. If you score 10K in January and have a 80% payout, assuming your account had less than 30K, you will get 4K as a check, the other 4K goes into your account. Everything is flexible however, if your family has some sort of...

Can you use TS without their brokerage service? I looked all over their site and can't find any information.

It is funny how sharks all take a bite when they smell blood. Jesus, in a business as personal and intense as this, how can you possibly please everyone? The Bloomberg news, even if you take the article for face value, OMG, PTJP played IPO's in 1999, let's face it, everybody who had access...

As I said, we have seven digit performers, and we have our share of haters and flamers, if even half of the above poster said is true do you really believe we can run the second largest operation in this country and hold on to our profitable traders?

AT Financial was bought out by ILX, those that have worked with both overwhelmingly favor AT. If you have never used either one you will definitely get ILX as we now have a very limited number of AT Financial logins left. As for the guy who said we had outages on a daily basis, I hate to say...

Had someone gave you this piece of advice, I don't know if you would have made it if it was your only source of income. I mean, what if you go through an entire year and end up flat early in your career? You got bills to pay and bam, game over, gotta find a real job. Right now, while I...

Keep in mind however, by the time you actually wrote the book you were extremely skilled by then. Not to mention in that very market environment big swing moves were plentiful, as well as gaps. You forgot the fact that I find it literally impossible to be down before commissions, IF and ONLY...

This I can not agree with, at least based on what I have seen at my firm. I personally believe traders with a profit to commission ratio of 1 to 1 (what I did last year) is typically playing it safer than those going for 5 to 1 because you sacrifice a lot of commissions with churning which is...

No problem, I never took it personally, but SK is like a brother to me nowadays and he defends me very seriously. In fact during this minor losing streak he definitely gave me a vote of confidence here and there. On the contrary, I find the specialist in larger caps a lot harder to read, as...