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  1. M

    Don's Openings, Part 6 2003

    It seems like many here are running the opening orders regardless of where the SPU's are trading. I usuallu run it only when they are +/- 3-10 pts from the close... today I believe they were only 1 or 1/2 points away (wasnt in my parameters so didnt really remmeber).. Can anyone add any...
  2. M

    Don's Openings, Part 6 2003

    I know of a few who have any it usually backfires in their face. I have never tried... (One time I did by mistake, when I tried to cover..) As a general rule, I find anytime you have a loss right off the bat, it usually ends up being a loss I have found. You have to reasonable with wiggel...
  3. M

    Grasso Resigns.....WorldCo Folds?

    There were many NASDAQ firms making a ton of $$$$$.. The only difference is they didnt havethe lobbying or the histroy of the NYSE... If this lobbying gets weakened (people already have it in their sights) expect the NYSE to go automated....
  4. M

    EchoTrade Reliability

    I saw this too. I cam back to the room from the kitchen and my profits had tripled... I had a couple fo shorts going against me so I ALMOST started to cover in panic.. Luckily my manger PM'd me and let me know....
  5. M

    Do you tell people you're a trader?

    Bingo.. You shouldnt have to tip-toe your way around the conversation to avoid eye rolling.. If you are that embarrassed about what you do you should find a new line of work... If you really want to stretch it couldalways give 'em the : I work for a firm based in NYC or wherever ( prop...
  6. M

    transitioning into an institutional career from prop

    honestly, besides hedge funds, trading for a mutual fund (basically an order clerk handling larger size, or being a programmer/tradaer, I think the "old" school salestrading and marketmaking jobs are being computerized.. NASDAQ marketmaking is done as far as we know it (I know, my firm shut...
  7. M

    Don's Openings, Part 6 2003

    From what I heard, any odd lots get an auto-execution from the specialist on the inside b/o... You can only do one trade at a time (to avoid sending a bunch of 99 share orders at once getting forcing the spec. to give prints..)or it is illegal and if you persist, they will probably bust the...
  8. M

    Don's Openings, Part 6 2003

    thanks guys.. all great advice. I really havent even looked at the stocsk, since I am getting so many fills on diff ones each day. I am playing more of an "averages" game with sto plosses, etc...
  9. M

    Don's Openings, Part 6 2003

    strange.. yesterday I had about 10 fills on 500 share lots (using my parameters that have given me consistantly good profits for a month now) and I got my arse handed to me big time.. -$500 is a decnet loss for me on opening orders... other guys at my firm got hurt also. It turns out, the...
  10. M

    using 2 video cards for 3 monitors?

    I am tempted just to buy another cheap dual matrox card that way I can up it to 4 monitors if need be in the future.. Is there any speical thing I have to do to link the matrox cards together or have them communicate with each other...? or is it as simple as inserting the cards, drivers...
  11. M

    would you do her?

    thats an ld picture I am guessing. She looksd at least 15 lbs heavier these days....
  12. M

    would you do her?

    I'd hit it.. She isnt that bad.
  13. M

    market makers

    speaking as an X-NASDAQ MM, I have made the jump (due in part to our parent Bank closing our firms doors) to a prop firm. I did very well as a market maker, worked as one for 2 years, and once decimlization and ECNS became a mainstay we got killed. As far as making the transition, it is...
  14. M

    Do you pay Health Insurance out of your profits?

    umm.... does anyone ever plan on getting sick/hurt/accident, etc?
  15. M

    using 2 video cards for 3 monitors?

    thanks guys.. I actually just found the other threads regarding this issue, but thanks for ther responses.. MODS feel free to close this thread!
  16. M

    using 2 video cards for 3 monitors?

    MODERATORS: I just realised I posted this in software, please move to hardware when you have a chance.. thanks.
  17. M

    using 2 video cards for 3 monitors?

    Is this possible? I have a dual monitor MATROX card that I just purchased that is set up with 2 LCDs... I got my hands on an extra monitor that I would like to use also. If I hgave an extra port or PCI slot (terminology?) can I use my current matrox card with an older single monitor card...
  18. M

    PDT (pattern day trading) rule is UNAMERICAN

    the whole point of the rule Itihnk was to reduce the number of people who blow themselves up. With the E-mini leverage, this instument allows them to trade anyway, a much more volatile instrument and blow themselves up quicker.... it makes no sense... Besides, things are only "American"...
  19. M

    PDT (pattern day trading) rule is UNAMERICAN

    not quite. It all depends on how smart your competition is!!!!! Less competition more edge, more DUMB competition evern MORE edge!!! :)
  20. M

    transitioning into an institutional career from prop

    I think your goal is pretty much the same as 90% on the board (almost all would love to work at a hedge fund), and from my expereince, you either know someone, get lucky randomly, or have an IVY league degree that is heavy in some sort fo quant work.. I am trying to do the same, if you have a...
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