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Althoug I think books are excellent and a necessity for getting a good background, they will give you a false sense of security when you begin trading. It is important to understand the principles they discuss: money mgy, charting, risk/reward, etc, but the books are simplistic and the examples...

too bad CNBC is the last to announce it usually.. If I hear that TD Waterhourse old codger say "you have to learn before you earn" again I am going to postal.. Why does CNBC have to play the same ads every time?!!!

well, for lack of a better explanation, it seems too good to be true, and makes me wonder why everyone isnt trading them. I figured there was a catch somewhere, that's all.... after all, there always is..

Before I get blasted for a asking a basic question, I have done searches on this, and havent really found an answer, so any help would be greatly appreciated. From what everyone is saying, futures trading seems like a no brainer vs trading stocks in this environment. 1. no slippage due to...

I listen only for things to catch me off guard and go against any positions I currently have. Otherwise, the commentators drive me nuts with their "insight". The only useful people I listen to are traders on the floor (but by the tiime they are interviewed it is old news) or technicians...

can we end this please...... this is going back and forth and gettting nowhere...

I think the environment is different in a market maker such as SLK (who has been shut down for 3 months due to consolidation w/GS) b/c firms who pay you $$ or give you a draw have more to lose than a firm where you supply your own $$. Anyway, I heard that only places to offer salary is...

Echotrade is building a futures desk, check them out.

Id stay away from swing trading until we get the uncertainty out of the way regarding the war.. whther you are holding shorts or longs overnight, any news positive or negative can cause the market to swing alot causing a large loss..

I have always been under the impression that hedge funds were run by experienced wall street veterans with a long track record fo success for the most part. With all the layoffs on wallstreet in the last 1 1/2 years, and more to come, I have heard of a bunch of traders lately getting together...

The most frustuating thing for me is BEING right about where the stock is heading, but getting caught up w/all the intraday noise and buying/shorting at the wrong prices and gettting scared enought to flatten myslef out.... I havent done this yet, but I am going to start trading positions...

Thanks for your reply. I am adjusting to the "information overload" from trying to find opportunities in the NASDAQ universe. I have multiple Level II's set up, as well as multiple charts, and am trying a trial memebrship for a technical analysis morning e:mail that send me possible...

[. The rest of the time I look for relative strength or weakness out of a list of about 75 stocks which I follow closely. I go home flat every night. The most important thing to remember is that you only need 4-5 good days a month to make a living, as long as you stay out of trouble the rest...

I was told recently that trading listed stocks is much different than trading NASDAQ in that the strategies are different.. I come froma NASDAQ market making background, and never activily traded listed.. The reason I bring this up is that I am looking into prop firms and was told this by...

I doubt they were bad traders, it is just the trading environment these days.... ECN'S are replacing people (market makers) and why should a customer pay .05 /share vs. .01/share. It makes no sense. If market making is even around in 4 years, Id be very surprised. Even our top traders...

I can give a little insight b/c I worked at a mm (wholesaler) b/4 our main bank shut us down last summer... As far as training, it is very on-desk oriented. In the classroom (1/2 of the training 1/2 on desk ) they touch upon charting basics, the software used, the rules of order handling, and...