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it's funny.. every month i tell myself it's time to learn both technical and fundamental analysis, but end up just brushing it off. i was weened on and spoiled by late 90's volatility and fractions, and only needed to know a rudimentary amount of level II knowledge. although i know it'll be...

'sup, Turok.. thanks for the feedback. A: You say you scalp "illiquid" stocks. From this I will assume that you won't be moving much size (not a critisism, I trade small size as well). Are you able to scalp even a 500 share lot in these "illiquid" stocks? i usually open my trades with...

i still scalp illiquid, wide spread stocks, and use Lev II religiously. if you study the trading patterns, speed of climbs and drops, market maker fakeouts, computerized ECN pennying, and practice ISLD hiding on just a handful of stocks, you'll be suprised at how easy it'll be to predict how...

Yup, futures too. I haven't used it for futures yet, but guys in our office do, and said it's top notch. http://www.etradeprofessional.com/news/mstNews2003_10_08.asp

The system allows for trading listed stocks just as efficiently as the naz. I've been scalping NYSE stocks quite a bit lately.

Yea, it is. They're doing it for cost cutting. Midtown is just too expensive. Ever since free-spending Cotsakos left, they've done some pretty effective belt tightening.

They also show us which stocks made us the most money that day. It doesn't get me as juiced as seeing two guys make 60 grand a piece, but it does give me a few ideas on what stocks to track, and might still be in play tomorrow.

Sure, I agree that it's not the most important thing to know, but I've always found it kinda interesting to see how the best of the best at our firm did on a given day. Most of the prop guys are using 10:1 intra-day leverage, but are only allowed 2:1 overnight.. so they don't do much swinging...

It only tracks the current day's marked profit or loss. If I bought some OSIP yesterday, held it last night, and closed it this afternoon, it wouldn't count on today's mp&l because the stock has to be bought and sold on the same day to be included. I take home penny stocks almost every...

I'm not 100% sure, but I think it is. I can find out tomorrow.

oops..

E*Trade tracks the profits of each of the traders that log into it's network, and posts the top 10 at the end of the day. The numbers aren't late 90's-esque, but some guys are putting up pretty impressive #'s. On that day last week that TASR ran from 75 to 90 in 2 hours, there was a guy that...

Tradescape bought out Momentum, then E*Trade bought out Tradescape, and kept the most profitable offices. We're renting out space down at the merc right now, and are in the process of setting up more space for the E57th street trader's arrival this summer. I moved to Jersey so I wouldn't get...

I'm at e*trade. You might not like the NYC offices because of how crowded they are. There's about 400 traders at their midtown spot, and eventually they're all going down to the merc to join the traders down there. I'm not into all that rah-rah yelling, and cursing at the screen every tick...

These aren't all the brokers, but you'll get a pretty idea of who's offering what from a quick yahoo search. http://search.yahoo.com/search?p=%2Becn+%2Brebates+%2Barca&ei=UTF-8&fr=fp-tab-web-t&n=20&fl=0&x=wrt

Yup, those are our rates at e*trade pro. I didn't even notice we got marked down on the rebate until I read this thread. :mad: I showed my manager the ARCA post, and he confirmed that we'll continue getting the $1.50/per 1,000 shares, indefinitely. I guess etrade pockets that last 50¢...

ARCA - $.0035 per share to remove liquidity, -$.0015 to add ATTN - $.01 to remove (which is obscene), -$.00 to add (also obscene) BRTD - $.006 remove, -$.0005 add BRUT - $.0035, -$.0015 GNET - $.02 (practically a commission), -$.00 INCA - $.0035, -$.0015 ISLD - $.0035, -$.0015 NRTD -...

"His profit after commissions is $4,700 -- not a great performance, but it’s not bad considering that the Dow closes down and the Nasdaq is barely in the black." Did I read that right? $4,700 with razor thin, 1 penny spreads, and 2004ish volatility is "not a great performance?" How many...