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The most dangerous time to trade is when you have been losing, after previously experiencing winning. You must reduce size to protect yourself from your own emotional state, which during this disappointed period will put you in some very bad trades.

What does an MBA have to do with trading? Why would anyone who wanted to trade for a living waste time getting an MBA? Why would someone with an MBA be any less risk to the firm and justify no contribution? Why would a trading firm be even remotely interested in someone who had an MBA?

For some of these guys, getting the trade for size done quickly is more important that trying to skim a few pennies.

I think the computers are increasing the momentum, especially now that things are more active. You may want to catch those reversals cause the computer drove things way too far in one direction. Usually take profits when you get back inside the bollenger band, but sometimes you'll see MLCO...

Who would have though some truth talking from, of all companies, Intel. I like their products and technology but always seemed like a good stock to short.. Those jobs are going overseas for only two reasons. 1. It's cheaper 2. People have no sense of patriotism when it comes to killing...

Here's how it could go.. Alot of attention and legal stuff goes on, attracts attention and the SEC or congress decides that professional daytrading firms is the problem, so they ban the LLC trading structure (or highly regulate it), and as a result we all lose out. I'm sorry but some guy...

Opens and closes are both sweet, except only play momentum. That sell at ask/buy at bid crap will get you in big trouble, save that stuff for the midday.

Highbid3 is obviously a shill probably with a competing firm. You won't be out of job, because YOU DON'T HAVE A JOB! You are not their employee. As such, there is no job to lose. You trade with them, even if Sungard dropped them (or worst case they went belly up) what's the big deal you...

Lawsuit talk has to be the most worthless pursuit on the planet. You gotta protect yourself - getting your $ back from a prop firm - don't even depend on it in the least. Even if you have a legit legal case, it might be delayed so long you still lose out. So, only two things to remember -...

Market making is still alive, just now being done by direct access daytraders as opposed to firms. Seems like the firms stepped out when the profits became less guaranteed and daytraders came in to fill the void. No reward without risk. In addition, the professional daytrader works...

Due to be reduced from 46.80 per million$ sold to 39.00. Thirty days after SEC gets its FY2004 appropriation, I think this date varies (don't remember when it came thru last yr.). It's adjusted every year based on SEC requirements, in short, lower volume and stock prices = higher fees, and...

WCOM - Don't fret about Don. They don't trade that style over there so obviously view it as "inferior". Now I don't do 10k shares at a time usually (maybe 5k). You would think that so much size on one trade makes you more nervous, but having the lower comms kills some of that nervousness I...

on that .55/fill. Are partial fills on an order counted as one, or multiple fills?

Please, let's rule out internship and non-paid jobs too. I know it's alot of people's "foot in the door" opportunity, but people need money! This is the real world - not MTV's "The Real World"!

Unfortunately, I find myself in the position of changing careers. No longer able to be a daytrader full-time, I actually gotta go find a job! Like many others on this board, I am looking at the inst/hedge funds. Of course, these jobs are tough to get (especially in this job market!). So my...

I read that on the site too. Kind of sad to hear that, they just can't catch up. The MMs are getting beat to the punch by the ECNs to provide liq. SEC needs to just go ahead and mandate .01 for everyone. They are making it tough to earn the spread nowadays.

C++ and/or Java. No question about it. The current and future high transactions systems (including trading) will use these. UNIX too. You need real-world (business) experience too, not just education. Programming on a daily basis, for a company. There is two ways to go: 1) Get a BS...

I believe their quotes come in a package from Hyperfeed. Maybe the problem is with them. I once heard Hyperfeed runs their ticker plants on Microsoft servers - disturbing if you are used to the issues involving MS vs. Unix performance and reliability. In any case, you can expect slow quotes...

1 - Licenses: Are there any firms in the NY/CT area that not only will sponsor you for the 7/55/63/3, etc... but pay for them as well? Possibly it might be a condition in the "Non-compete" agreement?? I have checked out ETG, Echotrade & Lynx Capital, wasn't overly impressed with any of them...

You guys bashing rebate trading - GET OVER IT! Trading is trading, if you are taking risk in the market (rebate traders included), you are a trader. Calling those guys, "not real traders", is immature and rather arrogant. They are bidding and offering for stock, it's called market making...