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just incase you guys were wondering.. Remember, the multiply that amount by roughly 1.3 to get US Dollars. It's not equities but just a breakdown. http://www.gtnews.com/articles_se/4367.html ________________- 2002 FX Salary Survey TITLE AVERAGE SALARY PACKAGE (in GBP)...

Single-stock futures regulation just days away, says Newsome 18 June - The US Commodity Futures Trading Commission (CFTC) is keen to hammer out regulatory issues related to the trading of single-stock futures in the US in "a matter of days", CFTC chairman James Newsome said this morning...

Hehe. I knew that was the kind of response I would be getting. I was just sayin' it y'all. Obviously, I haven't changed my styles though I have done that briefly in the past to my dismay. I guess it was just to see how people would react. good trading to all trader99

Yeah, I knew you were going to say that. Except I'm NOT Trader 88. I'm trader99! There is someone on here that's called Trader88, but that's not me. Anyhow, I totally agreed. It's hard enough to master one style and do that consistently. But I guess what I'm trying to say is if all you do is...

Yeah, I think we had previous "encounters" with the way I present/write things. Seems like people can be easily defensive when there's no need to be. But it's an interesting question , nevertheless. Because finding that out could mean that one needs to adjust your "core" styles for certain...

NO! I'm trying to figure out something. Obviously, I wasn't as aggressive as I could have been. Just trying to see/understand what styles work or don't work in certain market conditions X,Y,Z,etc. trader99

That's really interesting the responses to that question. I suppose it's "style dependent" but it would seem that everything was going up and up ... I'm talking about Monday June 17,2002. I guess it's all about being able to pull the trigger when it's right... good luck trader99

so, how did we all did yesterday raging up move? Pretty good ride huh? Did you guys scalp on the way up? Or did you ride it all thall day? Or at least more than 20 seconds? hehe just wondering.. trader99

Here are the books that I've read of Michael Lewis: 1) Liars Poker(everyone should read that) 2) Money Culture 3) tons of interesting articles His newer books: 1) The New New Thing(only parts of it. didn't bother to buy it) 2) Next: The Future Just Happened I heard both of them are...

Well... maybe, but not exactly. Because a lot of "prop trading" on the Street involves more than just equities. Some of them do fixed income arb(treasuries, or CMOs, MBS), others do options arb, futures arb, swaps arb, volatility arb, and a host of other strategies. So, only a portion of the...

Goldman doesn't have a bunch of prop traders ANYMORE! haha. They have totally downsized their operations since they became a public company and has to be responsive to shareholders. The same thing happend to Solly prop trading group which was huge in the 80s to mid 90s. Solly shut down the...

I guess in theory you could earn infinity. But practically as Hitman once posted the stat for Worldco, a prop trading firm I'm not totally familiar with, was that a very small percentage even make it to just basic 6 figures. The rest are making like McD's salaries or just a little more. I...

Maybe. But just to correct your English. It should read "blue BLOOD arrogance". Because blue collar is working class. White collar is more professional. Blue blood denotes noblity. just makin' sure we are using the right terms.. Yeah, elitism really sucks! I feel pretty common.

Yeah, I would agree totally. The concept of "blueblood" arrogance is totally wrong. I went to an Ivy League school and my parents were dirt poor immigrants. So, did many of my colleagues. I mean most of them are either just middle class or even low class. But they work their asses off in high...

This is an interesting article from the NYTIMES written by one of my favorite columnist Michael Lewis(who wrote the hilarious Liar's Poker). Young at the Wrong Time By MICHAEL LEWIS Until very recently, one of the most striking things about our economy was how common it was for young...

i'm not too familiar with this first sec. new york or whatever. I'm sure they are a solid operation with good traders,etc. but like i said before, fsny, worldco,bright,etc. are not the same proprietary trading business model as most institutional prop trading. and yes, ltcm was a disaster...

What you wrote is NOT exactly all correct. Top ibanks/prop desks do NOT(I repeat DO NOT) have "thousands of prop traders"!! Most prop trading desk on Wall St are really smart. For example, at Bear Stearns , the group is only 15 people! The tons of other "traders" you talked about that has...

huh? What do you mean? Most institutional places offer such deal but the barriers to entry are rather high(top school grads, phds even, great credentials,etc.). Though as I said repeatedly, those are NOT necessarily the skills that make a good trader. but that's how the game is played. i know...

Gene, I would tend to agree totally. Having come from the institutional funds world, I think it doesn't even make sense to run a hedge fund unless you can raise at minimum - $20M And you can't be "comfortable" until you read probably $50-$100M. That's your management fees can barely cover...

do you guys know if TS 6 does backtesting over a group of stocks(i.e. like all the stocks in the SP500)?? It seems to only test over a SINGLE stock at a time.. hmm.. trader99