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Does the trader also have to pay ecns, data, etc?

LBO chatter floating around

Scalper007, I don't like the idea of someone getting cut off for the day. There were a few times when I was down in the am from a string of losing trades and the small losses piled up and I made it all back and by the end of the day it turned out to be a nice up day. Had I been "cut off" I...

1.) I don't know what my loss limit is set at. Around my 2nd month of trading I was still trading in 100 share lots and I lost a little over 500 gross during the morning session and I was still able to continue trading in the afternoon. A few other times I lost a few hundred bucks while trading...

So you're saying that you gave up day trading and took a day job, but continued to trade longer time frames?

http://lehman.com/careers/applytolehman/resume_tips.htm

Were I live (Northeast) Im seeing existing homes sitting on the market for the last year and they have slashed the prices roughly 4 times (ex. start 340k, 310k, 280k, now at 250 ) and still no bidders. There are so many new homes on the market that they're scared to list them all because it will...

When I first started, I was given three earnings, up/downgrades that I would watch and trade throughout the day and did that for like 8 months while I gradually built up my lot size from 100, 300, 600, up through about 2k depending on the stock,etc. Then I started trading only one oil/nat gas...

See what I mean I feel like such a turd, its saturday night I should be out with some honeyz wit big tata's and onion azzes Ok I'm taking my last 100 bucks and going out for a night on the town with some friends. Have a good night guys :)

Oldschool, In the beginning I traded very conservatively with small lots. I've displayed my patientance and discipline in my trading so my mentor doesn't give me restrictions on what I can trade. I wouldn't say I'm an "adrenaline junkie" I currently dont hold overnights (my mentor and...

Bitstream, In the begining, by the way he would reply to my questions I thought I was irritating him with my newbie questions, so I figured I would earn his respect by proving that I had what it took to be a trader and I wasn't going to fade away like alot of others he mentored. I have some...

Steve, I feel like I need to stop overthinking my trades so much. I was trading NYX, ICE, NMX, and X on friday and in my mind I know what trades to take, but I can't get over my hesitation.

Bitstream, I have a mentor that is a very consistently profitable and great trader that has been trading for over ten years, but he isn't the easiest person to talk to. When I first started I used to ask him simple questions and he would always seem edgy, I never had a really good...

I've been trading prop full time for a little over a year now ( currently about net even )and I feel like I've made great progress and most days I feel like I'm just about to turn the corner and start making a nice living from trading and then I have a few days in between that I feel like...

You're such a dork:cool:

Its not the stock market where you have people shorting and having to bid the prices higher to cover

I would get an MBA first, that would help you get in the door with a good firm and while you're in business school apply to programs like this one http://www.blackstone.com/careers/campus-recruting.html

1.) That could be said about many things in life. CFA is a well respected credential in the investment management community 2.) In order to continually perform as they have, they need to have a great team of investment professionals with the brain capacity to know where to allocate capital...

If you're somewhere in your mid twenties and can afford and get into a good MBA program I would definitely choose that over trading at a non salaried prop shop especially if your just scalping nasdaq or listed stocks. Later down the road you can always go and trade prop again (when the vix...

Alot of the answers you will get from ET members fit in one of these categories A.) Prop shop owners/group mentors that try to persuade young guys into thinking that the only way is to flip shares around until you become consistent B.) Traders that are envious that they dont have the...