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I agree with the last statement. As I stated, while I was there Hammer was only being rolled, so it had stability problems. But I clearly stated further, that they may have fixed the stability issue by now. You would know better since you clear through them.

If more of us speak up, we might be able to put an end to hecklers on this site!! Cause all they do is ruin things. Good post.

Nothing wrong with the software, it's a good key stroke based system. Could be a bit more stable, but they could've improved it by now since I left.

You're absolutely correct, my choice of wording was poor. I definately do not recommend not reporting the options, I was trying to be funny, guess that's why I'm a trader not a comedian, poor delivery!!!!:eek:

Most firms will let you use their capital once you deplete your initial contribuion, unless you're a total putz.

No, technically you should be getting interest cause you're getting money for selling the stock short. But most brokerage don't pay interest.

I put my stops in 90% of the time.

If the position is going your way, using proper risk management, don't hesitate to size into the position, even with an extra 100 shares. That's how you make good money. But never size into positions if it stalls or goes against you, That's how you lose your shirt.

Prop firms make money on the spread between the commissions they charge you and the commissions they are charged by their clearing firm. So even if your losing money, they can still profit. If you lose too much, they will lose on you.

I'm not a big fan of daily goals, I'd rather hit a monthly target. The reason for this is you never know how the rest of the day will go. There could be news that will provide a substantial profiting opportunity which can help offset some of those losing days. Ifyou get to a point in the...

It's very simple, GET OUT and eat the loss. You've obvously seen it happen over and over again where a 500 - 700 loss turns into over 1000+. So which way is better take the $500, and make it back in a day or two or take 5K loss andspend a month making it back. Next time your in the situation...

You maybe onto something, LOL.

They don't beat us to it, they just prevent us from making more money. I almost never NX to get out, I'm usually stopped out or just go market. Before NX, stocks moved alot more, cause if the specialist wasn't ready to hit the bid or offer, market buys or sells would not hit the bids or...

It could be a jokester, but someone actually replied NO on the poll. Now there's an honest person.

I didn't say I didn't know it, I was surprised by how many didn't know the rule. So I figured this would be a good thread for those who didn't know the rule but would never admit to it.

To add to my comment, as much as the NX rule has helped in entering trades on the NYSE, newbies tend to over use it getting out. They tend to try to time an out strategy rather then letting the stock move, and allow the specialist to end the move after he's moved where he wants it to go. This...

Newbies that aren't taught or are taught the wrong way ruin the market. They tend to uptick or downtick stocks before a move is over and trigger stops unnecessarily. This has created the choppiness of getting stopped out quickly the last couple of months, excluding July and parts of August...

True, but I call that part of the efficient Theory BS. Even though it's supposed, the price still moves and the stock could still be up, in reality, i still consider it an expense. If efficient theory were true, then it wouldn't be a problem.

It is simple to understand, but I was surprised by how many didn't.

I recently had a discussion with several traders, and none of them knew, that if you're short a stock, and the stock pays a dividend, part of your costs to be in the short position is to pay the dividend to the person you shorted the stock too. So the dividend payments, get subtracted from your...