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I agree with this statement, but it depends on your trading style. If you were a very short term scalper, the hybrid probably will force you out of the business, to be honest (or at least force you to find a different style). If you're more of a directional trader, it shouldn't have much of an...

TXN is a "Pilot A" stock, so there's no uptick rule. You can short anytime you'd like.

The source is the volatility and the hybrid, although they're hesitant to admit there are issues.

Those are some pretty tight parameters. They could all be hit within the same second with hybrid! :eek:

Agreed. These threads come up all of the time. The decrease was already priced in, what wasn't priced in was the less than expected decrease and/or the guidance.

Seriously, if they only give you $100K-$200K to work with and you can generate those returns with that amount of money, why wouldn't you just trade your own money and keep 100%?

ROTFL! :D

I hope that the close to 30% who have voted for "No" so far voted that way because they think that you shouldn't celebrate a good day, not because they really think $5K is either "nothing at all" or "just an average good day". While I believe you shouldn't be celebrating a good day, I also...

Wow, just wow. Does $4,964.80 + 7= $4,971.80 or $1,302 + 7= $1,309? You pay for each trade, and you made 2 trades. The $62.06 and $65.10 are the gross prices you paid, the $62.1475 and $65.45 include commissions (per share). It's just total costs/number of shares to get the average.

Sorry, but it's not going to happen. They came out with hybrid because they were pretty much forced to. They didn't do it to please the daytraders, scalpers, tape readers, etc. By the way, I agree, it's horrible. Our best hope is that they make adjustments to it to improve it, but it's not...

By "we" I'm assuming you're a specialist or on the floor in some capacity? Just curious as to how you guys have been doing with the Hybrid. I assume it's much more difficult since you don't control things nearly as much as before?

Guys, do you really not get this yet? It's plain English, the rate rose TO 48%. Take out the word "to", and it would have a whole different meaning, but that's not what they wrote. Simple enough?

Thanks for sharing that. Yes, I would call that a "hot streak" :D

I didn't ask you for advice, so keep it to yourself. I was asking him a question, because I'm curious if this is normal for him or it's a hot streak. I've been trading quite a while, I'm certainly not going to go out and try to make $60K tomorrow because he did, don't worry about me :) .

Chauncey, if you don't mind, how much did you make in '05 and '06? I'm seeing you up over $225K over the last 8 trading days you've posted, which is on pace for a cool $6MM year. Oil was very volatile in '05 and '06, that's why I'm curious if this is normal for you or not.

It tells me you don't know many very successful traders. How many millionaires do you know or have you heard of that don't own a house, regardless of profession? Obviously, if the cost would preclude you from being able to trade successfully, then you shouldn't own, but then I wouldn't call...

The only people that a stagnant housing market will hurt are flippers or people who bit off more than they could chew (granted, there are a lot of them). Anybody with 1/2 a brain knows about these expenses of home ownership and should plan for them when deciding how much to spend on their home...

Were you the friend he told in Syracuse? Here's hoping NYS will pony up and give him a lump sum. I'd imagine they will, it's a nice PR story for them, but they might not want to set the precedent.

This just doesn't add up in many respects. First, you said you pay .001/sh, then you said .01/sh- which is it? Also, why on earth would you need a $5K draw in those 3 months you haven't been profitable in the last 60 if you pull in $50-$100K per month on your good months? Do you not have any...

Definitely a good firm. What type of job is it?