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Addressing the 1 cent per share thing......You guys out there that trade their own accounts trade differently than the style many prop traders do. The Math lesson I gave refers to very high volume extremenly short term trading (i.e. 500k to 3 million shares a day via 200-600 trades). I am...

The special island passthrough rates werte only effective for one month. They are back to normal, and traders are doing as well as ever. ST doesnt want retail clients anymore, BTW, but will serve their existing ones. "Those type of things"that ST is doing....I cannot go into this at all, but...

RS7, were all waiting!....

Alright Babak,. lets clear some things up here.... Yeah you're right, Ive never heard of something called 'remote trading' .......... considering I did it for some time. No I didnt know about Bright, but then again, they are not in toronto and have only 1 Cdn branch. The 1 cent...

I am a prop trader, and I find that my focus often wanders during the day due to those around me.....I can get into my zone, but its harder with other distractions around me (other traders) Have any of you experimented with listening to a discman or wearing earplugs while trading? I guess you...

I have also heard about ST's execution system problems....crashes, etc. THis must be a huge pain in the ass. BUt their prop traders dont pay commissions, so you must be referring to the few remaining client traders. I actually was there myself last winter (Toronto office) briefly and, yes it...

Many of their traders are not interested in moving to the US to join another prop firm. THere are numerous prop firms in the US from which they may decide to investigate. It is very unrealistic to believe that ST will be shut down.....if anything the hedge fund may be, since this is the...

One more thing, prop traders pay zero commissions (just ECN pass throughs), and put up zero capital, and gave buying power up to 300k each.

Babak....just to clear things up here... ST has resorted to a new business model in the past 6 months...in addition to the hedge fund, they have hired and trained hundreds of prop. traders since theit client based has dwindled susbstantially. Their offices are jammed now with prop traders...

Yeah I completely agree with you.....so..... if one watched the time and sales prints and noticed a number of 'out of the market' fills near a key resistance line after an uptrend....could this be an indicator of a potential reversal?

Kilgore or Lobster..... By bad prints you mean out of the market fills? Let me get this straight: When there are a number of bad fills on a stock like SUNW, it often signals a reversal because this is where many believe it would reverse, and then decide to either break or not break the...

I'd like to comment on this as I know some things about it that arent in the press..... First of all, Swift Trade denies doing any thing wrong, and Island agrees that Swift Trade did not do anything wrong or illegal, it is just the NASD who is pursuing this. NASD offered Swift Trade a deal...

The left covers up their idioticness by hoping to use formerly legitimate causes as a scapegoat...the green movement, etc. THey politicized certain things in order to take attention away from their own uslessnesses (?) and celebrities do it to appear more 'correct' and to justify their $ created...

Yeah its potentially free money....but if someone offered you a lot of free $ as opposed to a little, which is better?

Lundy, thats a stupid remark.... Can anyone PROVE to me that I am a carbon based creature? Just like the moon thing...of course they can, they just need a spectrometer or an ion telescope or whatever other scientific gadget they use. Yes, people have PROVED these things, the moon and sun one...

Yeah, true prop DAY trading can involve positions of a few seconds......many at my firm have made over 10 grand a day this way, and its just what Im used to. 300-500 trades includes partial fills as well, although I have seen some trade 500-700 times a day and move over 4 million shares (both...

Im 23

A Bullet is a offsetting long position....usually a far out of the money call, hence cheaper.......held in a traded stock while trading to allow a trader to short on a downtick at a price other than the current level 1 ask.

Ive broken enough keyboards over my knee

I want to know from some of you very experienced traders how much TA you would use in day trading......with a very short time horizon, no overnight positions....Im talking in a day maybe 300-500 trades (counting in and out). Are indicators like stochastics, DMI, etc usable over an intraday...