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"other" I have multiple systems with a positive expectancy. If they don't have a positive expectancy during a certain period I don't trade. Seeing my P&L get effected was enough to see that. Different systems work in different conditions Robert

The put is written/purchased from the bullet firm. Where else can you find one day expiration on options? ' Conversions involve the options floor. A few years ago when interest rates were higher the option traders would do anything to get a conversion, including giving it out on a credit...

Bullets = long stock with a deep in the money put that expires at end of day done completely electronicaly with no slippage Conversion = long stock plus an short at the money call and long an at the money put -done with floor, usually some slippage, used to be given credits--now cost...

yep and how about the ability to buy bullets on 300 stocks all at the same time Next time something major happens guess who is short within milliseconds an entire basket of stocks. :D

This can be a two edged sword. I can talk about the benefits and it could even bring a few traders into the firm ..... but at the same time that would allow my competition to add some of the features to their software which could eventually hurt me so I'm going to not say too much...

Hey just for an update got the automation I needed for some of my strategies. They are now "greyboxed"-which is helping me out a lot. It was done purely in house, thanks to everyone who PMed me/emailed me about this--but there was no way I was going to share my strategies with somebody outside...

Interactive Brokers isn't a Prop firm ...hence not much info on site about this Futures has increased leverage already so not many prop firms around. There are few firms that will train you, sponsor you but you will be on the floor in the pits, not upstairs. Robert

Each case is different I agree. I work on a different model for training traders. Protecting capital is key, getting consistent is 2nd and than after consistent winners is time to start to step up the size. I don't agree with large drawdowns. Again best advice I know is <b> Talk...

I would SERIOUSLY look at your training the firm is providing if you even lose $1500 and question everything being taught if you are in this situation. That's a pretty serious drawdown for being trained. Is that the norm for the rest of the new guys you are being trained around. Or are you...

Alphie does your post above have more meaning with you now looking at this quote? "When you trade your monitor will do a funny thing. It will become a mirror. A special type of mirror. A mirror that reflects your self-confidence, your self-esteem, your self-worth. The numbers and lines...

Alphie There has been some good advice here, majority is worth your time to digest and make a part of you. Your worst loss is always around the corner, stick to a defined trading plan, and strict money mangement otherwise you might as well just have gone to Vegas and stop posting...

A wide spread is usually like that for a reason. Robert

murder for one person is heaven for another. Robert

NYSE charges an additional $50 per month per user so doubt you will be able to find a free trial Robert

http://www.daytradersusa.com/tharp.html I'll get the article edited/updated soon but this should answer your questions about Prop firms Robert

are you active or passive? When I swing traded Ameritrade, E-Trade or any of the online brokers would be fine as I'm not too concerned about quote speed and pennies on my fills. If you are trading actively forget it and move to direct access Robert

trade whatever you want. There is no magic thing to trade. I trade listed because I've learned a lot from successful listed traders and can do well in listed stocks. If you want to trade Nasdaq feel free to. Different game with very different rules. Robert

it works for EVERYTHING except the S&P. Not sure why? I haven't studied it too much. Robert

always faster...............but not better The rules of price improvement don't apply and no real size on the ECNs. Hard to trade 2000 shares when I can only get 132 shares on Island I prefer my daily gifts of price improvement over faster fills any day. Robert

easy I join him if he takes a position. also Remember a Specialist is only 30% of the volume in a stock.