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They were saying the pits would be gone in a few years 20 years ago.

To what extent are firms still employing prop traders in the pits of the CME and CBOT? I spoke to a former CBOE trader who said there were quite a few prop guys down there in the 80s. Are any firms still offering prop deals to trade in the pits? What firms? ...I don't care for a debate on...

I can't believe I'm replying to this thread - it's stupid beyond belief. Anyway I'll make a quick point here: You could flip a coin 100 times and each time land on heads. Your expectation is still 50% in the long run.

Your strategies are definitely not safe from your broker. I clerked for a brokerage firm and could look at anybody's statement I wanted to. I thougt I could learn some interesting strategies by tracking their accounts. I found that I couldn't begin to fully understand the best...

Open E-cry doesn't appear to list their commission structure...maybe I just can't find it?

Any recommendations as to the best broker for pit traded grains? I'm looking to trade 1-5 lots in Beans, Corn, Wheat futures and options. I'd also want to be able to put in orders during the overnight ECBOT sessions. I'm currently using IB to trade various index futures and options, but it...

IB's commission on Forex really doesn't make trading small size feasible. (in my opinion at least) I think most small traders would prefer to see commissions elimitated before lowering minimums on size. I don't trade forex, but I have put on positions in currency futures options.

One of the smartest (and successful) options traders I knew loved horse racing. He'd carry around a pamphlet with statistics and spend 2-3 nights per week at the track during race season. He was convinced that he could win at it - but always admitted to me that he was a net loser.

When I'm at my desk going over my EOD charts I can either have Cramer or Gilligan's Island on in the background. Both are entertainment, it's just that Cramer's entertainment is on a subject that interests me.

"Goog - Bloodbath in the making?"

I'll short when Goldman says it's going to 105/barrel.

Rats are jumping off a burning ship and onto a sinking ship.

Brandon - Your videos are great. A very nice "technofundamentalist" approach to the market. Your midwestern accent reminds me of home. Cheers

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Why does everybody think they even need a prop shop to become a trader? I have a "real job" during and very successfully trade options spreads and forex (usually only 1-2 trades per month) and have done very well with my account over the last couple of years. I get home from work knowing I...

When the lines cross in wizetrade. It's easy - just buy when it says buy and sell when it says sell!

Many great posts, but I really agree with futurestrader. I was in the same position as the original poster until only a few weeks ago. I decided to accept a job with a large firm doing analytical work and assisting traders who deal with a very particular cash commodity. I passed up the...

Running spreads between international futures markets... For example, spreading cbot soy futures and Brazil Merc & Futures exchange soy futures. Inefficiencies exist in both floor traded contracts and the markets in general, combine this with macroeconomic and basis info and I'd think...

Within a few years, the netflix business model may not even be viable. Digital content delivery is the future. In ten years you'll be able to instantaneously order any film you want via your set-top box/dvr. We'll scoff at the fact that people actually waited for discs to be delivered in the...