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Yep. Maybe you should. Not to say anything, but I went to a top Ivy League school. And even then, GS, MER, MWD, etc. all had like 3 rounds of interviews before they give an offer. So, they are trying to get the cream of the cream from an already good pool of students. But, of course, like I...

pjtomtai, that sounds great. Can you give us HISTORICAL tick or minutely data going back a few months for hundreds of stocks? Is that possible? Maybe you can post it on your homepage or somethign and we can dl the data. thanks in advance!! -99

If you are truly getting hired by a bulge bracker firm at 18 to take prop positions in the billions, then it's GREAT for you! Go for it! But I'm not sure what country you are in. Here, in the US, the recruiting process is rather competitive and very selective. A bachelors is just the bare...

I think you misunderstood my comments. It's usually 15-20 prop traders PER asset class. So, for example , at Bear Stearns there are like 20 prop traders in equity. I don't know how many are in fixed income. So, for each asset class there aren't that many "true" prop traders. The vast majority of...

I highly doubt that. Most people in IT are just IT people. They don't trade. And even then they MUST have a minimum of a compsci bs and even ms if it's at a big i-bank like GS,MER,etc. Traders on the other hand can come from any background, but quantitative background are looked upon a little...

Saxon, I think this is my sentiments exactly. I feel like I have what looks like great trading rules and it works great when I actually FOLLOW them. But sometimes, my "intuition" works in UNCANNY fashion. So, there's a conflict here? I'm trying to force myself to follow my strict...

I think Faulkner's quote get to the VERY HEART of the matter in trading. It almost doesn't matter what indicators/technical chart patterns/T&S/L2, etc. technique you used as long as it helps you interpret price actions and get an intuition about things. That's why traders who just buy...

Yeah, a few people have mentioned revenge trading. I don't think that's my most pressing problem now. I mean do revenge trade but that's not that often or it's not really the root of my vices. It might be a side-effect of something more subtle and deeper... I think for me; it's just that I...

I think that's EASIER said than DONE! There are plenty of good trading rules I wish I can obey every day, but still can't. It's easy to put down on paper 20 rules or so to follow, but when you are trading in real-time with $ on the line and emotions running high then it's not so easy... The...

hey guys! Do you guys ever noticed that sometimes you have these ugly self-destructive BAD BAD trading habits rear its head up? You know you shouldn't do it but you do it anyways and keep on losing $ until you quit in frustration but by then you are already down a lot on the day? It should...

There's NO conspiracy on Wall St. Geez. Can people just stop believing there's this grand conspiracy and that only a few are in it to screw everyone? No such thing. Program trading is nothing more than a way to buy,sell,short a basket of stocks(15 or more) worth at least $1M. That's the...

Huh? What are you saying? I don't get it. Are you saying scalpers are good or bad traders? I said it doesn't matter as long as you can make $ consistently...

Hmm... Yeah, it's a TOUGH and FRUSTRATING market nowadays bro. I hear ya. If you are asking for advice, may I suggest you ANALYZE your trades everyday. Do you do that? Print out your trades at the end of day and analyze them. But since it seems like you are scalping(??) it might not be...

Yeah, t hat's the thing about calling the bottom - you might run out of capital before you are "right". He has been calling for the bottom for 4-5 weeks. In terms of short-term trading, that's a long time to keep buying on lows thinking it's a bottom. Even if you had $100M you can still be...

Yep. Brokers are so ignorant about trading and the markets that they will NEVER be able to figure out anything NOR do they even have the intentions/desires or the BALLS to risk anything. They just want to be the middle man and earning that stupid commission each time a customer trades. So...

Yep. It's amazing how misinformed the general public is. Even my siblings and friends who are well educated engineers, MDs, etc. don't have a single clue about what real trading is about. They think daytrading is risky when in fact it can be the safest thing around if you are DISCIPLINED. The...

Yep. I was borned in the 70s so I wouldn't know personally what the markets were then . haha. But from history and my professioanl background in the institutional world, I can say this: Today's market are a lot bigger than ever before. Perhaps in the 60s and 70s, a $100M was a lot and $1B...

Dude, thanks for the links. But I was reading it http://lowrisk.com/nikkei.htm about the Nikkei and I quote: "The Nikkei peaked on December 29,1989 at 38,915. The devastating bear market that ensued dropped the average by 63.5% to 14,194 by August, 1992. The Nikkei has recently had...

Yep! That's what this whole thread is about. That is my POINT EXACTLY! I was merely pointing out that Lundy's call for the bottom for an entire month has been wrong and POINTLESS. Because that's NOT the role of traders. You just trade what you see. good trading

Nitro, I don't offer anger. It's just funny that the Dow has been going down for 9 weeks. NINE WEEKS STRAIGHT if you count when it first starts to drop. I mean no one knows where the bottom is. And that's not even the point of trading/investing. It's pointless. If you going to be a "guru"...