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  1. M

    Traders having ADD?

    well you dont really do much writing when you are trading and the reading you do is probably speed reading of headlines. trading is a monkey's job. we look at numbers and charts all day and push buttons. your brain is certainly not being stimulated like it was in college or high school. as...
  2. M

    Series 7 and a Financial Mindset

    the series 7 is not a hard test to pass any means. people who fail simply did not study and/or take the practice tests. if ibanking analysts have 1 week to prepare for the Series 7, it can't be that hard. i read the STC study guide and i failed my first 2 practice tests. the real and...
  3. M

    Traders having ADD?

    my memory has turned to crap after trading. i am a NYSE scalper, which probably rots your memory even faster as opposed to holding stuff longer. you have to keep in mind, trading is pretty much a monkey's job unless you do heavy quant analysis. since i scalp, it is not uncommon for me to put...
  4. M

    The China Bubble

    so it is china's fault that crappy american tabloid journalism has nothing better to report about other than china and the missing girl in aruba?
  5. M

    Genesis Securities

    CONS: - No Conversions - Low leverage compared to other firms (I think 10:1)
  6. M

    What are good rates?

    if you trade 1 million shares and up per month, you should get at least 0.5 cent rates at any prop shop.
  7. M

    bullets for LU

    my apologies for being a jackass. i try to keep my thread crap inside but sometimes it leaks out. bullets for anything are gone. now there are SLPs and conversions. a 1K share conversion for most stocks costs between $250-$350 per month. if a stock is hard to borrow, forget about it cuz the...
  8. M

    What's Your Worst Months

    how is july the 2nd worst month for trading? for daytraders, the latter much of july is earnings season. i admit that the liquidity is not as high as in the past but there are many opportunities to make money in July.
  9. M

    90% traders don't make it???

    i dont know what shop you trade at but in my office, almost everyone that i know has at least an undergrad degree. in fact, they dont even consider any newbie traders into the training program that do not have a college degree. maybe in the 1998-2000 era trading shops would pluck high...
  10. M

    NYSE trade through

    if my trading platform didnt have a specified cent limit for ECN orders, i would have mistakenly hit bids/offers that were $1 out of the market plenty of times. i hate those scum bags who purposely trail their ECN orders about $1 in front/behind the NYSE bid/ask so that ppl will accidentally...
  11. M

    90% traders don't make it???

    your shop sounds like worldco. get out before it blows! at my day trading shop, out of all the newbie traders that have joined within the past 2 years, only 45% are still trading and only like 20% are regularly breaking even.
  12. M

    NYSE Open Book questions

    PFE and LU trade tons of stock everyday but what percentage of daytraders make their money off PFE and LU? if you want some specialist loving, try playing the following on a quiet Friday afternoon (on 1K lots or more): DNA BZH HOV UNP X let us know how it goes!
  13. M

    Greenie questioning

    alan greenspan should be allowed to revoke talking privileges from dumbass senators. the american government doesnt care about it's citizens in case you haven't noticed. they start a war in iraq and only 1 congressman has a kid in the military. and why am i still paying social security taxes...
  14. M

    How do you buy Chinese YUAN?

    the easiest way would be to goto china and smuggle it out. i dont think US banks are stocked with yuan yet.
  15. M

    Madison trading (NY)

    they dont have the best rates out there. that is all i can say.
  16. M

    To the experts: Follow-up questions for NYSE trading

    #3: if you have a limit. it is first come first serve. there could be other limits ahead of you or market orders. if you have a market order, the specialist can take his sweet time to fill your order. i have had market orders that took over 3 minutes to fill before. but the simple...
  17. M

    Good Scans

    how much is it total for the radar and real tick? thanks. trade-ideas aint bad but it has a ton of crappy alerts.
  18. M

    NYSE Open Book questions

    in thin markets, the open book is pretty much useless. you will also have to take the time to learn which specialists are the jerks who fuck with their books all the time.
  19. M

    CNOOC a threat?

    real traders dont worry about a UCL buyout being a threat to national security. UCL produces less than 1% of our oil. it aint like it is CVX or XOM. i for one, would like a freakin end to the whole melodrama. everyday, all i hear on CNBC is UCL this and china attacking our national security...
  20. M

    Is Cramer Just a Moron, his calls on INTC

    freakin cramer made me lose 2 cents of CAT. i shorted it pre-market at $52.48 and stopped it against the $52.50 fig. i was like, there is no way it is going through that fig size and there is no way CAT is going to open up $1.70, and if it does it will come straight back to earth. well CAT...
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