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I wouldn't recommend the pits as a long term place. I know people been saying it will be all electronics for a while and the pit is still there. THe pit might be there for another 10-15yrs? Or less depending on how fast technology evolve and other regulatory issues,etc.

yeah. I think a lot of people are confused a little bit about the institutional world and how it actually works. Having came from that world- both sell & buy-side of things, it's NOT as glamorous as you think. Yes, you do get a nice salary and bonus at the end of the year if all goes well...

It's probably still possible to make a $1M doing prop trading/daytrading, but it's like probably 20x harder. In 1999-2000, when you had ton of stocks that regularly move 10-20pts a day it was much easier to get a big move. But in the end, I think it's up to the trader. Just as many daytraders...

Sounds good. But I was wondering if it's possible to download the historical inraday data for equities into ASCII? B/c in addition to TS, I use other offline tools for analysis,etc. thanks. 99

eSignal Support: I'm thinking of getting eSignal b/c it looks like a cool product. But before I do that I want to make sure if it has historical intraday data??? And how far back does it goes? Let's say all the stocks in sp500,naz100,djia,russell2000,etc. all the popular indices going...

Read the current issue of Active Trader's Magazine(Sept 2002). They also mentioned AB Watley . Blackwood Trading, and something about ProTrader shutting offices down. Here's another article titled: Blackwood Files For Chapter 11, Looks for Re-Birth in the Software Business...

Swift, Yeah, I know what you mean. We all have been there or ARE there. Though, I don't do 125K shares a day like you, I still consider myself overtrading for my particular style. There are only about 2 ways to solve this problem: 1) Stay a scalper and try to be net positive scalper...

I know! I always wanted to get broadband. But can't justified it yet until prices come down a little bit. Anyhow, where's your ftp site? Is it one big 100M file? Or is it broken down by stocks? or Months/weekly chunks? thanks! -99

Here's a quote from Edwin Lefevre's Rem. of a Stock Operator: "It was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It's not trick at all to be right on the market." Maybe that's the deepest truth in daytrading, but it's so hard to...

Yeah, I've noticed that and have been on occassion able to get .40-.50 cents and the occassional $1+ moves in the OTC. But I think the vast majority of "hardcore" scalpers would NOT consider .20-.30 a small scalp, since I think they are going for the .05-.10 moves. I think if you can get...

hey bondtrader, I think the VOLATILITY that people on CNBC hates so much is actually GOOD for prop trading. In fact, it's probably here to stay for a while, because of the prevalences: 1) active hedge funds 2) active quant funds 3) active prop trading desks 4) more active mutual funds...

London2002, if you are really doing some prop trading then great. I applaud you for your initiative and achievement. But I think Bondtrader thinks it's odd that someone your age w/o no formal education is given all that responsiblity so quickly whereas in the US there are so many hoops to...

654MB?? That will take days on my slow dialup to dl all that data. Do you have a cd-rw? Burn a cd and send it to me. I' can pay for the postal and the cost of the CD(which is under $1 now). how does that sound? thanks! -99

because i only mention it when it comes to recruiting which this london20002 kid wants to know. and like i said before, it doesn't correlate with trading. merely a filter for selection...

vulture: There you go again! fuck that! This is thread is about london and his recruiting process at major American ibanks. That's why I bought up the ivy league point. But this is really old stuff. i have long outgrown the whole ivy league/ib mentality bullshit. i have worked at many other...

I'm not sure who Jim Beem is. But anyhow, it's hard to say if they actually want the Tiger Woods. For example, when they were recruiting on campus, I had offers from GS and MER, but no offers from LEH or MWD. So, it's hard to say what the criteria is after a certain point right? Because...

DON'T EVEN look down on 5% a month compounded return!! That's like INCREDIBLE!! Humans don't understand about exponential growth and thus UNDERESTIMATES the effects of compounding!!! 5% compounded return per month is insanely good. But that's like 79.5% a year! Uncompounded, linear return of...

pjtomtai: cool! So you have 1min intraday for naz100 til the beginning of the year? Great! It would be better if it's in CSV format or plain ASCII. Now how do I get a hold of that?! Let's see... Do you belong to any Yahoo Groups forums? I think they might have spaces there for you to post...

Hmm... It might be that simple. But I think in trading as in life, it's actual execution that counts not some technical indicators. Are you able to hold onto your winners when you do? I think any number of technical indicators/systems will work fine as long as in real life you are able to hold...

Do you guys know of any where that has free or relatively cheap intraday dad(minutely or tick) of hundreds of stocks going back months or preferably years to do a real backtesting? I know tickdata.com has it, but it's NOT cheap. anyone else has it? -99