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Nobody knows exactly how it's going to be with the new rules in place, all you can do is wait and see. For the type of trading you're describing, my guess is that it's not a good development, but you'll find out soon enough. As for the ECN behavior, that's just other traders like you putting...

Don't bother learning all of these rules, they'll all be obsolete very soon with the hybrid market.

Of course there's a difference, but I wouldn't say averaging $5K a day means nothing, that's for sure. For most prop traders, percentages mean a lot less than absolute dollar amounts because they don't need to have a lot of capital of their own. So, percentages can be just as misleading as...

Dude, would you stop bumping this? How about you call their support line and ask them what you want to know? :confused:

I've got news for you, they're not going to sit there and let you lose $10K, $15K, $25K+. Once you get close to the $5K, they'll shut you down. It's hard to evaluate the deal without knowing your commission structure. As for the payout, it seems good enough. The key is the training, but...

It's not a no-brainer due to some of the things you mentioned, but for most, the savings from the tax-deduction of the contribution more than outweighs the additional taxes due for SE. Plus, you're contributing towards your retirement, and grow those funds tax-deferred. Check out your...

Well said. How many of these anti-Bright threads do we really need? Don's admitted over and over again that they're not right for everybody- no firm is. If they're not right for you Bighitter (all things considered), then trade somewhere else. I don't see what starting yet another...

And he said he usually does 500 share lots. So he made more money in the last 2 days than the "average Joe" does all year trading 500 share lots, paying $.01/sh with $100K in BP? And his proof is one random entry and exit he made up for a $.77 winner? That's about $375 on 500 shares. Better...

I think he said he doesn't want to go to NYC. Personally, if you can make good money trading on your own, I'd stick with that for now. Why deal with all of the headaches you've been dealing with in the past? From the sounds of it (and your other posts), you know what you're doing. Trade...

Some of you guys and gals are out of your mind. Of course money CAN buy happiness. Maybe it's only superficial and maybe it's only temporary, but it's happiness none-the-less. It doesn't buy happiness for everybody of course, maybe not even the majority. Give a miserable person money and...

Me too. Yet, he makes more in an average day then most will in a lifetime. Pretty pointless thread...

Honestly, it sounds like you have some decent contacts and friends who have given you good advice. I'd listen to them- if they're telling you not to bother with floor trading, I'd skip that. I'd also skip prop trading (at least the type of prop trading that most people consider prop, putting...

I noticed the trade-through rule is in effect for most of these stocks. If there's 100 shares on the offer at xx.50, and 500 on INET at xx.51, you can't hit the xx.51 until/unless it becomes the best offer.

I noticed that last week, a few thousand more stocks were added to the hybrid system. Does anyone know if these stocks now follow all of the hybrid rules (no maximum NX+ order size, no 30 seconds between NX+ fills, etc.)?

Now that I've spent the last hour or so reading through this, I feel the need to respond. Perseus, you need to separate the futures market from the underlying. View the corn futures, for example, in a vacuum. For every person who makes $1 on a corn futures contract, someone loses $1 on...

Oh, if you say so, it must be true. Why does he have to show you anything? Where's your tax return, highroller? It makes zero sense for anyone to post a tax return on this site. I agree that you have to take whatever anyone says on here with a grain of salt, but Don does a lot to try and...

Thanks for all the great responses. Is there any difference at all between using a wired router vs. using a wireless router (but wired)? I don't plan on ever running my trading pc wireless, but it would be convenient to have in case I want to connect a laptop to it at some point (when I'm not...

I'm setting up a basic network at home (basic meaning just hooking up a 2nd pc to share my cable modem feed). I plan on having one pc dedicated just for trading, the other for surfing, etc. Is a wired router more reliable than a wireless one? It seems that most of them are wireless these...

Cramer, is that you????????