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I have a great broker offshore. No online trading. Great personal service and he knows how to make money in the market. Great for option strategies. Great for shorting stocks under $5 and for shorting Bulletin Board stocks. He specializes in shorting BB scams. You will have to pay .25%...

What i've noticed about the vix is on days when it is making a crazy move, like last tuesday it was up like 5 points, stay with the down trend as there won't likely be a reversal that day. Just one more thing to keep in the back of your mind.

And yes Daniel, i'm a trader. I think the way i'm going to incorporate the opening strategy into my game, is to attempt to get fills only in the direction that i think the trend is going to be after the open. I don't want to get filled on a short even if it opens way above fair value if i...

i've seen the threads, and can't find a post that spells out the strategy. Some one save me some time. LOL. Thanks.

What is the concept? Are we trying to buy stocks that open "too low" and short stocks that open "too high"? Can someone please sumarize the basic strategy, i may already understand it but not sure. Forexample, Friday we had futures +10. So we put in a ton of orders trying to catch stocks...

SP500 is down about 30% from last year. A good day trader can make a few hundred percent a year. Buy and hold or short and hold won't make you much in the long run.

Won't be much buying ahead of Sept 11th. That is why futures are tanking.

A very very complex video game. A coach may be able to give you some pointers in playing Asteroids or Ms. Pacman, but you still won't be any good until you have played a 100 games. Trading is the same way. In my opinion the only way to become a good trader is to watch and trade the market...

For sector traders and for talented traders who aren't just scalping, there is much more opportunity on the NYSE. You have many more sectors on the NYSE with low correlation to one another, so you can more easily find whats hot or not. While on the Nasdaq, you may have 20 different sectors...

After a little time they will drop the ticket charges and you will be at 1.0 cents/share. I think i started at 1.5 cents and $5 ticket charge. Within about a month i was at 1.05 cents and no ticket charges. I wouldn't be concerned with the commission rate, worldco is about as good as...

It took me about 6 weeks to get to 1k shares, 4 months to get to 5k shares, and 6 months to get to 10k shares. If you are making money there will be no resistance in you increasing your shares.

I sold 30 contracts of the sept $20 puts and calls for $8 premium. Not bad for 4 1/2 weeks till expiration. Anybody else working these options? I understand that they have news coming out next month. HOpe it doesn't move the stock more than 8 points in either direction.

Where a stock price is headed in the long run is random. But how it will get there is not random. I can't tell you where CTX homes will be trading in 12 months. But if i trade it every day for the next 12 months i will have made a ton of money.

Let me add this to the quote, there are many successful traders who are up 9 out of every 10 days....And their largest up days are bigger than their worst down days.

While longer term prices appear random, short term prices are not random. Successful day traders can pull huge sums out of the market by learning the mechanism of the market. Many traders have 9 up days for every down day. I'm up around 81% of the days for 2002. Thus clearly everything...

The dow will have to retest dow 7500. NOT. Did the Nasdaq retest resistance at 5000. Nope. This is the same thing. The market was clearly at disequilibrium at 7500, thats why it spent a whopping day at those levels and has risen nearly every day since. In any event, this...

Good chance it will be several years before we see the SP500 under 800 again. The market fell to 1997 levels. If you plan on waiting for a retest......you will likely be waiting a long long time.

Sounds like they are going from 2 offices to 8 offices. Commissions are very low.

You should expect it to take a year to get good at trading. I've made 7 figures in my first year of prop trading, but i came in with 4 years experience of watching the market every day and actively investing in my online accounts. I've done little but ponder the markets for the last 5 years...

What are you people smokin. Why do you want another job after prop trading? Make a few million, and then enjoy your life. If you havn't made a million yet, train harder, it is possible.