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  1. H

    Foreign Exchange Trader Bonuses?

    Well, when I was 18 I worked for JP Morgan for $25 a hour, and a garbage man can also work on a trading floor, and a 22 year old making barely 70K a year can be a "trading group manager / head trader". The title/location/position means nothing until you have real substance to back it up, it...
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    Calculating the correlation....

    I already updated my macro. That said if you have a link without dividend it will be helpful.
  3. H

    December Trading Journals

    A solid open turned sour as I could not buy a shot on a choppy choppy afternoon. I thought there would be some sort of follow through but I was dead wrong. Still since I struggle on most Monday's, I can live with a game like this to open up the week/pay period. 19000 shares on 9 of 19...
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    Foreign Exchange Trader Bonuses?

    Let's put it this way, at bigger houses you get paid more, at smaller houses you get paid less, and everything is also performance oriented. And there are always legends who make obscene amount of money compared to their peers. Why are you even worried about this? Follow your heart and stop...
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    Calculating the correlation....

    Sorry, they don't allow direct link: http://hitmantb.tripod.com/extras.htm
  6. H

    Calculating the correlation....

    Updated: http://hitmantb.tripod.com/files/correlation.xls
  7. H

    Calculating the correlation....

    Can you give me the link for historical quotes? I will update my macro. Also I need to take out the damn dividend crap.
  8. H

    Calculating the correlation....

    It was me who uploaded that macro, and it is discontinued because Yahoo removed historical quotes from their web site. In the mean time the next best thing is http://www.market-topology.com.
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    Purchase of Home or Trading Biz?

    My understanding is that you will be hard pressed to get a mortgage for anything more than 2.5 x your pre-tax income. A 80K income will entitle you to a 200K loan, correct me on this as I may be wrong.
  10. H

    December Trading Journals

    As I said, the experience from Nasdaq is carrying you in NYSE. If you can trade one market, eventually you will be able to trade them all. What you described is the typical "big game syndome", a trader is most vulnerable after a big blown out or a big record day, in that order. The former...
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    December Trading Journals

    I need to get my financials together for tax time. After I send IRS my cut (fortunately and unfortunately I have 20K's worth of capital loss from 2000, the good old Datek days), I will see exactly where I am. Being single with no one else to lean on I need to have 100K cash before I start...
  12. H

    December Trading Journals

    That was more like a gimmick, the filter itself only spots a quick sell-off, and I saw him go down like that quickly and I bought in when I thought the selling was done. No magic here, to put it plainly, it is bottom picking, and your tape skill has to be top notch for it to work, jumping in...
  13. H

    December Trading Journals

    A brutal shakeout killed my only chance to make today a good game, but it is still good to finish the day up as I survived poor shooting. 10600 shares on 6 of 15 shooting, +408 before commissions, +164 after, no bullets. Had two guys on board to watch me trade and it was a lot of pressure as...
  14. H

    December Trading Journals

    Sent: 12/13/2001 5:43 PM A solid game but it could have been a little better with just a little more size, as I had hot shooting. 10600 shares on 10 of 13 shooting, +1157 before commissions, +782 after, 2 bullets. This is turning out to be a respectable pay period with $3700, and...
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    December Trading Journals

    No one else comes close.
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    December Trading Journals

    Finally a good day as I really stepped up my game. With the big cap news release all over the place, I was able to benefit greatly from playing stocks in sympathy. 7200 shares on 5 of 5 shooting, +1298 before commissions, +946 after, 3 bullets. Psychologically, had I been on a winning...
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    December Trading Journals

    I expected it to pullback, and then I bought more on the pullback because I was expecting a buy on the pull back situation. Both SPX and DOW were FAR off their Monday's high's, and when Dow broke 10K for a second time I really thought it looked good, let's just say if it wasn't for the MRK...
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    December Trading Journals

    Let's put it this way, the speed and momentum of that sell-off, especially given the way market actually broke and held around 10K, caught me off guard. If you look hard enough you can find some sort of resistance level for every single sell-off, I should have bulleted DRG stuff with the MRK...
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    scalp or hold on?

    For every trader, leaving money on the table is a very common experience, personally I don't consider it money on the table if: 1) I captured 70% of the move 2) The position did a very very painful pullback that I wouldn't have been able to held on to begin with. 3) The position did...
  20. H

    December Trading Journals

    Biweek (1-15 and 16-30)
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