Search results

Nothing is wrong with making money on the side, but paying 5-10 times the published rate for a pass through ECn is bull. Say an big broker pays the published rates(which I doubt) and they take and add liquidity with a 50-50 avg rate, then their total cost is about .50 cents per thousand incas...

You are telling me that you havn't used INCA. No Inca is not proactive like redi or arca. Inca is a force that must be reckoned with in the market and scalpers will use a nice percentage of inca usually.

Go to sec.gov, type in "Fee Relief" in the search box top right corner, and it was the second thing that came up. Titled Mid year fee adjustment or such. It is on there and our whole group had twice as high SEC fees yesterday

It was at sec.gov

Noticed that my SEC fees were double yesterday so we checked the website and The SEC raised the rates back to what they were. I didn't remember it being a temporary rate cut when they announced it a few months ago but I is. Nice to see rates being raised when it is allready hard to make money in...

Looks like the Hold Brothers are tired of being ripped in the Broker Ratings section as I can not find the thread there anymore. That is really pathetic that their business is in such bad shape that they can't afford to let traders vent about the poor management of their firm anymore. Maybe they...

Andover is charging us 3 for lspd plus the 2 for soes. So 5 per thousand. I scalp and hardly ever get lspd, maybe a couple thousand a day. I see lspd all over anymore, but I don't seem to hit it much.

You live in New York. There is what, a million eligible women within a 30 mile radius of you. Your obsession with this "princess" is sounding pathetic as she is obviously treating you like a bitch. Get over her, find someone new, and concentrate on your trading. You don't need to hear this crap...

I started out prop at a big scalping shop at the time, I don't want to name names but the initials are HB. I understood what I was getting into and paid the higher rate while learning and still made good money scalping Nas in fractions. Then decimals came. Spreads went from teenies to pennies...

Contracts seem to always favor the company and hinder the freedom of the trader. If you can get in without one, take the chance. If you have to sign one, you an always get out with the right lawyer anyways if you don't like it.

If you really want to trade stocks, you should graduate so you have something to fall back on, then you can go to scottsdale and look into the firms there. There are many firms in the area that would cater to you. I am at Andover and we have a beginner program that is a good, competitive deal...

If you want info on scalping give us some info to back up your claims. What firm do you trade at? What type of volume does your firm and self trade? What are these great rates you are talking about? If you want info from people here, I have found you have better luck giving some first.

I don't know about the rebate but we now pay 3 per thousand for lspd and the soes fee. I don't like it, but that is what is happening for the time being

By the time ARCA decides what the hell to do in this scenerio, some scaper will have allready taken advantage of this situation by selling the crossed isld at 20.1 by offering on isld and getting price improvement and hitting your arca offer at 20.01 to get the hell out. easy 9 cents in a...

I have found that I would not get filled on the arca in the situation you described. If ARCA (and Redi) is posted forst, then the crossed order comes in, I woun't get it. you put in the ARCA after the isld crosses, you will get the island and the price improvement. Also, ARCAs preferencing...

and she said any guy who tries to be so poetic sounding is gay. no wonder you can't get your princess. Who is this princess anyways? Also, how could you sign a 7 year contract? Do you know how fast this business changes. 7 years is a long time to be someones bitch. Anyways, quit sounding...

Bachelier, How long have you scalped and where do you do so at? I have for about a year and a half and I trade in SoCal at Andover. I am like Bachlier above, I do about 200-300 roundtrips a day on average. On the low end of that currently. I scalp nasdaqs, therefore, my average trade lasts...

A bullet lets you sell on a downtick. It costs you a fee to have a bullet for a day. Nothing more.You are way overanalyzing this.

Andover is in north Scottsdale

Do you want to position trade or scalp? Do you want to trade Nasdaqs or NYSE? 1.8cents is rape, especially is you only have a 65% payout. If you have to pay 1.8 you should get 100% and that is still bad. Sounds to me like some idiot office manager trying to take advantage of some new grad who...