Search results

  1. E

    Becoming a pit trader

    Most of you are correct, many left the floor to trade equities on computer because there was money. Well, that game is over and many are coming back to the floor. Huge influx of Member applications, flow has picked up and there is money being made. Now, not 9 zeros but good money. I believe...
  2. E

    Becoming a pit trader

    First, there are people making money in the pits. Second, even though i stated Smoke and mirrors, i did not say you cant make money when they take this baby back down. Second, how are you making money with the commissions you pay off the floor for all you pit traders gone computer. LOL, I...
  3. E

    Reminiscences?

    Read Jessy Livermore, the follow up on Stock opt. This is a great read as well.
  4. E

    New Elite Trader Wishlist

    I look at charts and post, so somtimes im doing eight things at once, thus lies the reasons for simple spelling errors and improper grammer, besides, its a chat site, not a Thesis
  5. E

    New Elite Trader Wishlist

    I see one member gets upset on topics that are not "serious" about trading. Well, I see no talk on trading, I see alot of talk on softwear, i see some traders posting their journal.....however, I dont read much about trading. REASON, many traders dont discuss what they do. Why should...
  6. E

    Blackwood Alert

    Look, I was a trader with Schonfeld, Now im on the floor. Blackwood and the rest are starting to come to the reality that "daytrading" as we knew it is dead. Of course you will always have the casino's selling you the dream. Charging outrages commissions, like 5 to 6 dollars round trip for...
  7. E

    Off Topic Thread

    Respond anyways Hardrock.......of course the ball has been droped and now every political head out there is now telling us to watch out this weekend. Even local Chicago political heads are calling for 24 hour patrols around highrise buildings. I wonder how this will effect consumer spending...
  8. E

    Off Topic Thread

    so i forgot the a ....... sue me, besides, u know as well as i the game of daytrading is over, bright, schonfeld, and all the other advertiser you have on here know it. The eight page rant on Arabs is a little excessive, i do agree.
  9. E

    Life after Proprietary Trading?

    not bullshit, i was in that play my man, I sat next to a guy making 4/5 million....its not bullshit. Sorry u missed it, but hey, dont hate what you dont have,,,,not good.
  10. E

    Life after Proprietary Trading?

    here is a joke before I head off for the midday chop. There are three guys with their dogs at the park, A lawyer, a builder, a trader. The lawyer says, "hey you wanna see a cool trick?" he throws a stick and yells " Magnacarter fetch". The lawyers dog runs gets the stick, brings it back...
  11. E

    Life after Proprietary Trading?

    I it takes an MBA to make connections for you guys than that is what you do. I droped out of one of the best programs in the country......why, because I ran into someone who was a trader. MBA's are good to flash around at cocktail parties and try to pick up girls because you went to XXXX...
  12. E

    If NYC is 'incapacitated ... ???

    it isnt the first initial shock of such an attack that would kill the market. Sure there are back up systems, etc. Its the overall psyc of the investor, the "johnny payck", the sheep who spend and keep this economy a float. They would sink this market, fear, the feeling of uncertainy...
  13. E

    Life after Proprietary Trading?

    Personnally, I think the "daytrading"game is over. I traded off the floor and the penny spreads killed it. There is no momentum, and the edge, the dumb money, is not there. I have been pulling my hair out, cking out off floor operations and i made the decisicion to go to the Futures pit. The...
  14. E

    Off Topic Thread

    you still dont get it. It is not a "rant about a certain group". It is a descussion on the geo-political situation that does effect the market. From positioning yourself to go long oil futures in the event of a Attack on Iraq, to the shock the system would take, ie market, if the Feds cant...
  15. E

    stupid "worldco recruiting process"

    GO for it, find yourself. I did the daytrading thing for 4 years....i made good money the first half, and very little the second. The markets are far more efficent now. The dumb money is not flowing, its pros against institutions. It will not be easy, and making small amounts of money will be...
  16. E

    Becoming a pit trader

    I have made my next move after schonfeld. I will be going to the Naz pit at the CME in chicag. I will let you guys know how it goes and what crazy things happen. I will a arb clerk for this rollover, starting tuesday, for the biggest local in the back months. I will do this to learn the...
  17. E

    stupid "worldco recruiting process"

    man, you got a good deal for the fact that they are going to give you capital in this market. The fact you have to pay for losses makes sense. Look the daytrading of yesterday is over, In fact i made the decision to go to the floor, trading futures and Arbing the back and front months. Of...
  18. E

    If NYC is 'incapacitated ... ???

    of course, one has to be careful, you have to understand who is arab and who is not. Many of my friends are Hindi, christians from Iran, etc. They have a middle eastern look, so do my friends from Israel. So, be informend, learn, read, and do not mistake what i am saying. I dont agree with...
  19. E

    If NYC is 'incapacitated ... ???

    I understand what you are saying. When such an event happens, just think about where you would put 10% of your wealth. I can careless about the statis of individuals on this site. I know the smart ones have at least 5% if not 10% in gold right now. Not gold stock but 1 ounce gold bars....and...
  20. E

    Is it all smoke and Mirrors?

    There are more factors involved than scumbag Arab terrorist. CLimite, look at the futures in corn, beans, cattle, etc. Looks like many are expecting a change in weather patterns, not scene in 100 years. This could effect much of the commodities, which could direct consumer stocks, which...
Back
Top