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A firm is lying to you if they tell you their quote system is 100% reliable. Problems do occur and for the most part it is fixed quickly, the problem is when you are in a losing streak and you desperately need a win, sometimes a problem can happen at the worst possible time, and it may be a...

A much needed victory as I finally hit the .500 mark after a 2 and 4 start. It is also my first meaningful victory of the new year as I overcame very choppy market conditions. 8600 shares each way on 6 of 10 shooting, +866 before commissions, +613 after,1 bullet which won the entire game for...

I am referring to swing traders with Datek accounts trying to switch to intraday day trading. There are a lot more newbie swing traders than day traders simply because they don't have to do it full time. I have NEVER defended scalping as the best style, I take a scalp when I don't see an...

AAA: I think you are underestimating the tier 2 and 3 stocks. I firmly believe that unless you do say 2000-5000 shares regularly, tier 2 and 3 stocks absolutely destroy tier 1's in literally every way. And a lot of the tier 2 and 3 stocks generate more than enough volume for you do all...

When you are cold, even if you have the best of the best calls, you still struggle. Quite honestly, this is not funny anymore the way I am blowing lay-ups like crazy. Psychologically, I am shot. Friday's blow-out on what was a great trading day left a serious impact on my trading, and at...

Uptick: I was watching S and TGT. TGT was trading near the figure and then poped to .35 cent, I had this feeling that I "missed" something and I was in the mood to get it back. When RLX went up I took S from consolidation at .30, and that is the kind of trade I would take every single...

S1929: All I can say is, any time I ask my boss the firm/trader capital split, he says "don't even worry about it". Let's put it this way, I have seen with my own eyes, a trader who traded 400K shares round trip TODAY (to do so you have to take a LOT of shares at a time), with just 30K...

First of all, we are not talking about a huge change here. It is merely, a warm up routine for the open. Chances are by 9:45 I will be out of those positions and I will go into whatever strategy I have. Secondly, it is a huge mistake to not look for new strategies, you never know when your...

I haven't gave back profit like this in a long time. Almost any time I am up I can just hold on to it and lock it in. Today was the exception as I lost 4 out of 7 games to start 2002 and in serious danger of missing that all important pay day (getting a $100 check at this point will be a huge...

Well as I said, it will be either cash or trash, and now I have the actual certificate in my hand, along with the time stamp I think it is a little bit closer to reality than 1998. I mean, it is not like I paid anything for it. Look, I am not expecting the next CSCO here, if I can get...

>If I put up money at Worldco, do I get interest on that money and any other money I leave up? Yes. >Do I need to leave it there for a year to meet the subloan requirements? No, last time I checked it is 90 days, I need to look it up again. >What percentage of the LLC's capital is...

In the opening month of the year, you can not afford to make monumental mistakes, 01/02 and 01/04 were super size opportunities, and instead of converting on easy day's, I lost a combined $1700. Now, with 5 games left in the pay period I may be facing my first check-less pay period since...

If you trade Nasdaq, I recommend another firm, simply because we do not self-clear for Nasdaq and you have to put up some serious capital to trade any Nasdaq at all here. Your payout will be at least a double of what you currently have, but if you start with no capital your commission will be...

Fact: They were paying more than twice the commission, getting half the payout of what our firm offered them. None of them were net positive. And as of now two out of three traders who have been trading actively ARE net positive. (We will see how the other two perform once they get...

Try 2001, enough said. I don't care what they did in 1999/2000, 2001 was the true test, and 2002 won't be any easier.

Let's put it this way, do you really think someone making seven figures a year gives a crap about a newbie trader? Even if you are on his team, it is highly unlikely you will get any real education simply because whatever little commission you generate for him in a year is hardly his P&L for a...

At our firm you can start with little to no capital, enough said, case closed. Number one killer of newbie traders is the lack of capital. And 30% is not a Don Bright guarantee, it is the actual percentage of traders who made it at our firm.

All I am saying is, if there is any possibility to have a good trader trading at Worldco, I will do whatever it takes to make it reality. And price IS the single most important piece of the puzzle, and all I am saying is if you are interested in joining a firm and happen to be in the New York...

Currently I am only interested in New York area candidates. Please e-mail me if you have any questions and keep this thread clean!

If you are breaking even after two and half months, assuming you take at least 5 shots a day, you have to be doing SOMETHING right. You are already ahead of most when it comes to the learning curve and all it takes is to cut down on the number of mistakes and you will be ok. Nobody should...