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As far as your point of never letting a profitable trade become a loser I guess this is true up to a point. For the intraday swing trades I can be up .75 in a trade have it come back to where I am down .5 in a blink of an eye. However at that point the trade can still produce a big winner of 5...

Why the use of such large stops? It seems you are risking 1:1 or slightly better. I am not attacking, just trying to understand why you do what you do.

I am new with futures but have traded stocks for awhile. I have been experimenting with initial stops and trailing stop for trading ES futures because I have found them to be a different beast then stocks. With stocks I am able to read the specialist to help determine exits or initial stops...

I think the big advantage with Worldco was the prop deal, but it sounds like they are taking that away now for the most part. It also seems that they do not feel the real prop model is all the low of risk right now since they are changing their focus of bringing people on with no money to...

I was told they bought Broadway a while back. Why would they want to fork over an cash for that place. From what I heard Heartland still does OK so that would make more sense, but Broadway did not seem to make much sense.

Is it really worth speaking to management? Openbook should be part of the tools to do your job not a privilege to be earned. Why would they pull your software from you -- that is weird in itself. So basically every reason to be at Worldco is gone. The only way I would have every gone over...

I know someone who teaches some of their "advanced classes" and based on his real trading I would save your money. Over the last year or more I have never seen him make money. I have also heard stories about some of the other traders there thru him. I am guessing though that it is the same...

That is my definition of prop too. That is why when I first posted I asked what the definition of prop was being used because people throw around offering leveraged capital and zero risk to the company as prop when it really seems to be a highly leveraged retail acct. Then if that is the case...

As Silk already pointed out, there is not much aggressive buying and selling going on right now. I have a friend whose dad is an owner/partner of a specialist firm in NY. Over the short run they are not making any money either. For the last 3 months they have been flat to down on the month...

By prop do you mean that you put no money up to trade? Regardless if it is $8 per side and $16 a round trip for futures then that is crazy. I just talked to a friend in chicago that is at a prop firm and I think he said they pay $1.22 roundtrip. Of course they give up a good percentage when...

What happened to DE Shaw?

Mine is not working either.

So are you just big on trading for rebates or are you hoping traders contact you to start rebate trading for you? I have noticed most all your posts end up talking about all the money in rebate trading. I started a thread awhile ago asking about rebate traders and where they were at with the...

I just read from an article the following about supermontage volume. The article was from Jan 22, 2003. I am surprised they lost more volume after supermontage. "The system has not yet produced a big bang in market share for Nasdaq. While Nasdaq's share of trading in its own stocks...

Why is Nasdaq on the OTC BB? What happened to their IPO. I have not really followed this issue.

Thanks for the site. I have been looking around for a little bit and could not find anything.

I am looking for a website that will let me chart intraday futures for the Eurex. It does not matter if it is delayed or not. I just want it to be free so I can get an idea of how they move intraday before I go and pay for an extra data feed with my charting package. I would like to see 5 min...

I was wondering that myself recently. He was a little cocky but at least had some interesting calls and looked like he really traded.

Just getting it back to the top. Where are all the Bright traders out there who trade this way?

I wanted to see where some others stand who trade the NYSE market stocks based on the theory that you are trying to find stocks that are liquid and follow the futures. I guess it is kind of like the theory that Bright trading has of trading the same few stocks everyday that are liquid and...