Search results

Ugly day. A fitting end to my worst month of 2006. -$3214 on 474k shares

Good day here today, after grinding away for nothing recently. +$9417 on 425k shares

Worthless day here. -$591 on 492k shares

Save up to $380 on select Dell desktops and servers. I got two of these: KP?LWLR94JR725 and CSR1M8?MSP$GCT

This is my first post to this thread. I'll try to keep posting for the next several weeks. +$3932 on 422k shares

I would suggest always increasing size by small percentages. Don't double size all at once. Instead, increase size by 15-30% at a time. Wait until you have accumulated net profits at each new size level before you increase size further. In this way, you never risk too much of your 'profit...

Typically, the higher the average daily volume, the lower the slippage. (More active stocks tend to have smaller bid/ask spreads and more size available at each level) There is no way to predict slippage mathematically, you have to see how the stock typically trades, especially details like...

For a Nasdaq100 stock, a slippage of one penny per share is more than enough (assuming you are trading modest size, as you suggest). To get more fine-tuned that this requires more information on how you are doing your backtesting. For example, assuming that you are backtesting with 5 min...

Sounds to me like a lot of brokers are trying to keep the anxiety level of their own traders down by telling them that 'everything will be ok.' This makes sense to me, and I'd probably try to do the same thing in their shoes. However, after reading a copy of the letter from one brokerage...

It's more than just a press release by Green. It basically confirms rumors that I've been hearing for over a month, and also matches the changes that one major firm made for their prop trading operation just last week (that firm was in the midst of their annual NASD audit last week, also...

I'm surprised that more traders here are not worried and concerned about these developments. This link was posted on another (since closed) thread, so I'll repost it here: http://www.greencompany.com/PropTraders/PropTradersIndustryNews.shtml It appears that these changes could be a huge...

I think you misunderstood Don's post. He said that Bright does relatively little Nasdaq trading, and therefore does not have the volume to earn the 'extra' rebates that you refer to. They pass along the regular 0.2 cps rebate that everyone else does, as I understood it.

I think their quality is starting to suffer, as well. Earlier this week, I had a video card die on a ~6 month old Precision Workstation ($4k machine). About 9 months ago I had a power supply die on another Dell Precision Workstation that was less than a year old. Both times, the machine...

Yes, you are correct. In the U.S., if trading a non-IRA account, you will pay taxes on your net gains. This is your gains minus your losses (minus your commissions and fees, if not already deducted from your gains and losses). Another way to look at it, is that you pay taxes on the amount...

No need to explain. You did NOT say you liked the platform, what you said was "Apart from these (big) problems, Laser isn't too bad a platform." "Isn't too bad" => nice back handed 'compliment'. Trashing a firms platform on your firm ET post on a nick apparently created for the purpose...

Maybe we could take your thoughts a teeny bit seriously if you didn't feel the need to create a new ET nick for the purpose of this post. Sounds like the beginning of another Genesis bashing nick coming from the principle of another competing trading firm. Give it up.

I disagree. The most successful traders I know despise risk and realize that they can make excellent returns while maintaining tight risk control. Non-risk-adverse traders are blowouts waiting to happen.

Amen!

As others have said, it doesn't seem like a great deal either way. However, to answer your question, it's a simple math problem: x = gross profits in cents per share 0.29x = 0.65 (x - 0.75) => x = 1.354 cents per share => If your system makes a profit of 1.354 cents per share...

The good news is that in October, the SEC fee is expected to be dropped by 50%. That should be a huge savings for those that do heavy stock trading volume. -Eric