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    Anyone know anything about ETG?

    it's not technically a retail account, but when you go there you put down 5k. you get 90% payout, but you're responsible for 100% of the losses. they determine your buying power by what's in your capital account. it's basically a way to trade with 20:1 leverage (that's your buying power)...
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    Anyone know anything about ETG?

    ETG has 300 traders, spread out in over 20 offices. not the biggest, but surely not the smallest (i believe worldco and andover are in the 700-800 range, not sure about anybody else). if you want to risk your own capital, you can get a higher payout elsewhere. open a brokerage account at andover...
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    Gr8trade vs. REDI+

    i work at ETG and still use redi+.....no one in the NYC office has switched yet, and from what i understand, some are using gr8trade for charting, but very few, if any, are using it's platform for trading. so, i don't know where you are getting your information from (not that it isn't true, but...
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    Prop firms and position trades?

    true. if you do in fact keep money in your capital account, which i do.
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    Prop firms and position trades?

    like i said, it took them so long because their costs are higher than self clearing firms (andover and worldco and hold to name a few). bright had lower rates on the same system, but you have to plunk down 25k. it is the same reason generic's are high - SLK's clearing costs are high. the...
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    Prop firms and position trades?

    i'm still here. i imagine ETG still holds their reserve accounts. however, management is finally adopting a different strategy to keep and attract traders. they switched clearing firms, away from SLK and Susquehanna (bullets), who have among, if not the highest clearing charges in the industry...
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    Prop firms and position trades?

    i work at ETG, and if you make money, you can do whatever you want. options, overnights, etc. if you have any questions, feel free to ask. i know worldco discourages it, while i can't see why firms like echo and bright, which require a deposit, would have a problem with it. so, you may want to...
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    auto ISLD and PSE orders based on NYSE quote

    anybody know who makes this software. you can tell people are using something like that.
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    Look out 2003, here I come...

    go with the BMW M5...400 horsepower. you'll beat porsche carrera's. best car in the world for the money. review: http://www.edmunds.com/new/2003/bmw/m5/4drsedan49l8cyl6m/overview.html?id=lin0006#overview i'm thinking around july. ;-).....of course, now that i'm getting cocky, i'll...
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    Poll: % Total Return % 2002

    prop traders don't fund their accounts, so there is no % return.
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    NYSE rule changes

    if they do this, they'll lose more and more of the day trader volume to ECNs
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    Etg

    while other offices have switched, ours has not. supposably february.
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    Don's Openings, Part 5

    i stand corrected. others want this thread shut down as well for whatever reason. it's obviously used very profitably by some, and no one else on this entire board, especially those criticizing bright and the OO strategy, have bothered to give anybody a working strategy, so until you do, you...
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    Don's Openings, Part 5

    you've gone from simply being a nuissance, to ruining the tone of a thread, to potentially single handedly bringing to an end a thread that numerous others find useful for a strategy that they choose to employ. if you care about anybody or anything other than gaining attention for yourself, then...
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    Credit Spreads

    my first options trade.....sold 10 DEC 40 puts for 1.45...bought 10 DEC 37.50 puts for .55. RJR is around 40.60 currently. RJR has a nice chart following yesterday's breakout, and is demonstrating nice relative strength today. plus, defensive money will help mitigate damage from the...
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    Etg

    trader jimbo.... i pm'd you more specific information.
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    Etg

    you can trade options, though not naked positions, and obviously you have to prove yourself first. however, this is through redi+, but i assume we'll still have the capability to trade options post-switch.
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    Etg

    they are supposably adding the indications to the software as well as open book, neither of which are there yet. february is the date that we are being told, though these things tend to take longer than anticipated. i've read on this board that SLK (equities) and Susquehanna (bullets) have...
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    Don's Openings, Part 5

    bloomberg and dow jones have them also.
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    Winning percentage

    i'm fully aware of the difference between scapling and intraday-trend trading. i scalp, have a 60% winning percentage with winners over 2 times the size of my losers before commissinos, 1.5 after. my average holding time is probably between 5-10 minutes. i assure you i am not breaking even...
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