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There seems to be lot of good consistently profitable traders out there, but it doesn't seem like any of them are interested in training new traders. I was just wondering why that is? Any opinions?

How much of your profit do you get to keep? Remember, every trade you make costs the firm money. They're clearing firm, or even if they're self clearing, they get charged per share that gets traded. Every ECN order is charged back to the firm. Running systems costs money. Plus all other...

Is this Tom Daschle??!?! Give me a break. The world sat around and watched Hitler and Milosivich amass huge armies, and then both wreaked havic on the world, and in Milosivich's case on his people. I don't think we need to wait for Iraq to get a nuke, unleash it on Israel or the US, and...

It wasn't because they wanted to f**k the traders, financially it didn't make sense anymore. New traders lose money. Even the commissions you generate in this slow market aren't enough to cover the losses and pay the salary. In the past traders were trading alot more volume, and made money...

Unfortunately a firm that will give you a salary, will give you a low payout ratio and lock you into a long term contract, which will take all bargaining power from you. Once you become a profitable trader, you're gonna be miserable cause the firm will keep most of your profits. You'll pay...

Jim, I agree with you. The reaction will be swift and volatile. Most traders are better off standing off to the side. Defense stocks will rally, the rest of the market may actually do the opposite of what we think. Markets love war, but short a decisive one's. If the war drags on with no...

I work for Caliber financial.

This is extremely poor information to give to a new trader. Training is very important, you just have to make sure it's hands on training, and not lectures, videos, books, courses etc... Hands on training is the key. This where they work with you everyday. There are several firms out there...

I lose money net, about once, but no more then twice a month. I used to take the hits you were talking about, but I did several things to change that. 1. I use stops on every order, no exception. 2. Every trade I enter, I know exactly where the loss cut level is, and I use a stop to...

The reason firms began requiring capital from new traders is to make sure that traders had something at stake to lose. Otherwise, traders that came in with no capital tended to be more lax. They took longer to become profitable. They used prop firms as stop overs to see if they can make it in...

You have what I call information overload. I think you're inability to make money lies in the fact that no one was able to organize your thoughts. You can read all the books in the world, but they spell everything out in simple form. Just because someone says buy the bid, sell the offer...

Actually Susq has recently adjusted their pricing. Their minimum now is 500 shares, and their pricing is closer to Essex. Essex has gotten alot better too, you can now post bullets on a minus offer, and their minimum is only 100 shares.

That's the unfortunate part. You have to use the bullet provider that the firm uses. But if you're like me, keep approaching the management and give them the reason's they should switch. They do listen, sometimes.

Another interesting fact: The same people, who refused to get into the market before the 1999 - 2000 runup and then jumped in, and couldn't stop talking about how they will quit their jobs and do this for a living, are now talking about how they should liquidate their stocks, mutual funds and...

AT financial is a great program if you want to monitor alot of positions with TOS, charts, news for all the stocks you're in. But you'll need about 3 monitors, depending on how small you can handle the charts, TOS, and news to be. But I would only use it for listed stocks. I haven't used...

They have Time of sales that dynamicall updates. You can link charts, news, and time of sales together. And you can do this for I belive for 12 different sets. Charts can be changed for different views, 5 minute, tick, daily weekly, with one click on the keyboard. You can drag from the quote...

If you're a day trader and you use bullets, they are the best company to use. They offer immediate execution. Just letting you know that at least that part of their business isn't going anywhere. So if you get a job in that area, you'll be there for awhile. Of course, someone could come out...

I've done this in the past, but the win/loss ration is very low. If you can keep your losses minimized, and all other factors like the futures, the sector, and others come into play, you can make good money on it. But the key is the loss minimization.

Here, here!!! I can watch 60 stocks, and trade about 10 positions actively, but it took sometime to build up to both of these thresholds. Take it slow, and eventually, without even noticing, you're quote page, and the number of positions you will take, will increase. Just don't rush, or you...

They provide the fastest bullet executions!!!!