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The average Joe can become a pit trader in a couple ways. If you have your own capital you can set up your own firm ( b/d) and plunk your money down at a clearing firm, take the courses that whatever exchange you want to trade on makes you take, then either buy or lease a seat. The other way is...

Actually open outcry in the equity options world is pretty dead except for a very few pits. Most of the equity options business is done electronically. In the active pits, you need to understand that different month’s trade in different areas of the pit. So the guy all the way across the...

lol

I have offered to be helpful on several occasions in this thread and I ask the same question all the time. What size capital are you bringing to the table? It’s going to dictate what products you trade and in what ways you trade them. Do you have any experience in soft money deals, rebate...

What products are you looking to trade and what kind of trading capital are you going to be starting with. Those are the real keys, the budget for hard/software and physical plant are meaningless without knowing what products you plan on trading and what kind of size capital you're working with...

The ego fest here is hysterical. I am sure there are thousands of 10% arbs all around in OTC options, gimmie break. They're not mispricing stuff for more then a moment or three tops and they dont make the same mistakes twice.

It really depends on how much capital you have to put into this, what products you want to trade and whether you're going to go after order flow business or just be a straight prop shop.

Look at the real gdp you know that thing called "inflation" plays a part

Wow the DOW falls from 14k down to 11,900 and now all of a sudden you're calling for 11,500 woo hoo you're really stepping out on a limb with that call.

LOL here we go again. The guys who pop out of the tiles at the CME with those red white and blue trading smocks and who have give up Federal Reserve Bank as their clearing party and all have the same acronym on their badge (FED). The pop up and start bidding up the SnP futures then when they...

Brilliant close huh LOL

Again I will dissagree and ask where you got this information about what CEO's see as their "right"? How many CEO's are brought up through the ranks and how many are brought in from elsewhere? The public gets to hear about the outragous pay packages and things from a tiny % of CEO's. You...

THe recent fed cuts have resulted in no real help for the market why would they this time?

Anyone ??? Bueller?

I was kidding on the porn part, just picking up on an earlier poster. Most of the HUGE firms have their own trading floors, they're not exchanges but whole huge floors with rows of trades/sales people. ( institutional sales not retail brokers)

Where did you get those demographic from? Most CEO’s are crooks? There are 10’s of thousands of CEO’s how big was the sample size you used and what was the criteria? On the “Note: most mutual funds investors are middle-class working people.” Where did you get that info from...

I believe he's talking about a firm trading floor not an exchange floor LOL. But the PORNEX might fly if you can get rid of all the spyware and crap.

SnP has more downside to go before we get the oversold rally in a bear market.

Don one of our JBO's is with Goldman, I am sure you have your own people check their work, so this may be moot. I highly suggest you double check all they do. Same with any JBO you may have elsewhere too.

Sounds like you want to build out a desk. What products are you interested in trading? How much capital are you talking about? Sure it would be nice to start your own desk but are you only going to be a prop desk or do you plan on getting customer order flow? The biggest desks all have huge...