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Of course Nitro, you have to gage your risk. Its not win/win all the time. If the play does not work, cut your loss and move on. Daytrading is not what it was, this is actually a normal market now. Daytrading came about during the Casino run of 99/00. Trading longerterm has better point...

I dont think schoni is "going under" in the way you think. Schoni is redefining itself. Basically, intraday trading is on its way out. Take for example this past earnings season. These stocks would gap up day of earnings, and trade not much higher. Weeks before they wouldn't move. I...

Incorrect. Schoni is not expanding their shortterm> scalping> program. In fact, the only two scalpers at the chicago office were fired. Net/gross negitive was the result of their scalping style. Most of the traders on this form are not informed correctly. Schoni has not expanded anything. They...

i agree to a point. there were many traders that made great $$$ in 99/00. Its not the money that made them great, its the fact they had balls when push came to shove. Of course, the true traders have adapted to trying to hit base hits and not home runs. The adaption process took me a few...

Our Critique of Niederhoffer TurtleTrader comments in red. The Speculator Why the trend is not your friend Many technical traders stake their futures on following the crowd. But every trend can turn on you, because what goes up usually comes back down -- and vice versa. By Victor...

The key is "has produced". Based on simple logic, such a statment contains a "history" refrence. In other words, Schoni use to produce big numbers. I am a trader who was taught by two of Schoni's best and biggest. There is no argument with the statment that Schoni use to produce serious...

i must agree with Metooxx, aka MTX. MTX is correct stating that 1.5 billion is done in the Nasdaq due to Firms, hedgefunds, funds, mutual and 401k, dumping sunw, csco, beas, etc. Nasdaq is soon to be a Otcbb market, just take a look at the NAZ 100, any firms left like Msft, Intc, Klac, Amat...

a great trader is one who can come back from his/her losses. A great trader is one who knows when to go heavy, when to go light and when to sit on the sidelines. A great trader is one that is willing, as I, to say, I'm wise enough to know that I know nothing at all.

W/ Nitro and with the post that stated "traders need to evolve"

Most of their best traders left, you been watching and beliving the video conf. calls way to much. The best has his own Hedgefund in chicago, which schoni is key investor. However, there are still some good traders left, but many have gone on to trade their own capital or join LLCs . I can't say...

Ok Ryan, I was trained by some of schonis best. This post has not been lying, spreading false rumors. The truth hurts my man. And the fact is that Schoni is going to go down to 300 traders. They will keep the partners and scale down to what they deam to be lean until the market turns. lol, I...

Of course, I know many scalpers that put up great numbers. But the market has changed. Super Soes and the penny spreads have put a dent into the game. Both styles were working well in 99/00/and some of 02. Momentum, Holds Brother, Spike, Bright, lost almost all their scalpers....they blew out...

Schoni, guys, that is what we called our firm

Take care, have a good dinner

remeber we are talking with in the relm of the last two years. during 99/00 we had guys making 75 million 25million, 7million, etc But those numbers are not true as of today, Most of us cut back on capital, the bigger traders really dont trade much now. I still didnt get the name of you firm...

what is this company, where are located?, how many traders you have, what do you trade, etc

I agree, to get a bunch of yahoos togethor to churn, that is not a good business model. Obvisouly you know nothing about Schoni, we were not scalpers, we took positions over night, held the winners for a few days, traded for points and trade entire sectors,. We were not some leveII junkies...

who do you trade for?

You have to understand schoni, sure some guys blew out..however, the money schoni had, IE all the investments that he did for the firm, hedgefunds, bonds, etc to secure the captial when it was not being traded or to try and increase the line was hit. So, the traders are the fall guys.......bro...

gee i guess the market is so good, and so many people are making serious $$$ that Hold brothers droped thier prop office. That momentum, bright, etc dont have prop, and that schoni is now the dying prop house??????? Humm, maby you guys should ask Lou Borsalino, go to techtrade.com and see if the...