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murray t turtle, I have exchanged some e-mails with Darryl Guppy and I know he is a respected Aussie trader & trainer. He knows the the far east markets, systems & firms. I can't comment on any of his trading or techniques. He does give seminars & lectures from time to time. The...

Just a note. If you are a trader, you should use a tax professional who is familiar with schedule C deductions for traders, derivatives, market to the market positions and wash sale rules. Ask a fellow trader you know who they use locally. Keep at least three years of your sheets(P&L...

Just an unbiased note. The only true auto-execution on listed stocks is available on ECN's ISLD or REDI. NYSE NX Direct is NYSE version of an auto-ex and it is pretty quick and you have the potential for price improvement. I use NYSE direct for listed stocks most of the time. There are rules...

Robert said it right. Both Commission & Service are important. Why would any firm offer .005 per 1000 share rates(above 1000 shares), unless they could monitor or trade against the order flow. There are no free rides on Wall Street. Our top trader in 1998 made a seven figure income (and paid...

Don, I believe REDI+(software) has links to ECN's ARCA,REDI,ISLD & INCA. On NASDAQ you should be able to Bid-Offer on all these ECN's during market hours and your order will show as a ECN Bid-Offer on NASDAQ Level II. INCA,ISLD & REDI are available pre-market from 7:30 am . After 4:02pm...

Just a note. Lieber & Weissman Sec., L.L.C. has an office in Berwyn,Pa. about 25 miles from Philadelphia. Bright has an Office in Cherry Hill, NJ. If you would like to tour our Lieber & Weissman branch office, Call Anthony Minisalle,MBA our office manager at 610-725-9800. Go to...

Slave2Market, I have no problem giving traders who trade low rates, but in the current environment it's getting silly. Many firms in the NYC area have rates so low, that they don't make enough money to maintain their firm infrastructure. Our volume traders pay .01 per share have...

crazy_trader, I'm a yank, and I am not familiar with tax laws in NZ or Austrailia. Ask Daryl Guppy at http://www.guppytraders.com/ He's a trader and he's familiar with tax laws in NZ and Australia .If he doesn't know, he will send you in the right direction. Tell him Gene Weissman...

Just a note. The next time the Ultimate Fighting Championship is in Las Vegas, I am going to have Jeff Dewitt(ECHOTRADE) and Don Bright(Bright Trading) fight it out to see who has the lowest rates. On the serious side, splitting pennies is getting a little silly. I try to concentrate more...

There is a very good site run by author & trader Daryl Guppy at www.guppytraders.com . Daryl gives workshops and courses all over Asia & Austraila. Hope this helps. Gene Weissman Lieber & Weissman Sec., L.L.C...

KTM, I found the discussion on hedge funds interesting , not just because this topic can be complex, but because many traders & firm owners have very defined views on this topic. There are several web sites that might give those interested in starting a hedge fund information. Hedge...

I don't usually don't post share volume or rates on boards.If you are serious about trading with us, give us a call or e-mail. Our rates are from .025 per share down to .0075 per share depending on volume. We have always given breaks to traders who trade volume , while not "forcing" position...

Stayed with Broadway Trading. .008 all inclusive if you average around 2 million per month. Their highest rate is now .01 all inclusive, and if you negotiate and do around 5 million per month you can probably get .007 all inclusive. They are merging with Schonfeld and will now be self clearing...

trade555, This a tough trading environment, but our firm and others still have talented traders making money. Not the same percentage as a "bull " market, but the tough market environment comes along every couple of years. If no one made a living trading there would be no...

MarkCohen, You make some great points. I just want to clarify one thing I said and I think it applies especially to trading. I have great respect for doctors and other professionals who have studied and mentored many years to be successful. In my personal experience, many doctors...

Just a note. In general Authors write books, Speakers with a gift of gab give seminars and traders trade. There are of course some traders who occasionally give seminars , but this is not their main business. Doctors as an example, may be gifted in one line of work , but may not be able to...

Blue Star, Think of it this way, A day trader will make between .020 and .08, if he is a skilled trader. The difference between making & losing is very small. The best day trader I have ever seen , made almost .20 per trade, in a very good year(He can't make this today). If...

Bond Trader, There's nothing wrong with a hedge fund if that's what you want to do. Our clearing firm has hundreds of Hedge Funds and I would be glad to help anyone set up a fund providing they have the capital, experience fund docs set up properly. If anyone wants to start a hedge...

I can only speak for myself, but I have no problems with anyone opening up a hedge fund or trading other products if the trader understands what they are trading and the risks associated with that product. Sure professional traders at Banks & Hedge funds can make a very good living trading...

Thanks for the kind words. I try to be honest in my posts and I talk from 20 years experience. There are some traders who like the .01 spreads for their trading(some NYSE specialists for example), but not many. I think 2001 & the beginning of 2002 is a challenging environment for any trader. I...