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As far as I know, the daytrading rules apply to margin accounts only and daytrading is only allowed in a margin accounts. I haven't read the article in active trader magazine yet. Another interesting note on the pattern daytrader rule is that the rule applies to the account only, not the...

Prop firms aren't maintaining remote traders. Intermittent connection problems and system down time will cost you $$$. Posted by Xtrader Xtrader, We are maintaining remote traders and we have specialized in the business of remote trading for over five years . Remote trading...

Lieber & Weissman Sec., LLC has an office in Berwyn, Pa. If anyone is interested in trading there , call Anthony Minisalle at 610-725-9800. Glutton , be aware that $10,000 is a very minimal amount to trade with. Gene Weissman...

tradeoes, I hope they do make good markets. Some smaller AMEX specialists were taken over by big firms like Van Der Moolen, Spear, Leeds & Kellogg & LETCO. If the AMEX wants to be a player in OTC stocks, I'm sure they could. However, most MM's do not like pick off order flow, so for 1000...

Another route for OTC orders won't be bad. The Chicago Stock Exchange trades many OTC stocks and our experience there has not been that impressive. Be aware a Market Maker is not a charity and MM do not like to trade with day traders or professional traders. Word to the wise, trade OTC stocks...

redzuk, We are looking into many other areas including risk arb, stat arb, matched pairs, intra-market spreads, Long Gamma option strategies(when the Vol. is low) etc. Times are tough, but I hope they will improve-have a good weekend!! Gene Weissman...

Now as far as your statement regarding being long gamma as a bad strategy. I really don't know how you can say that. Most traders that work on the floor who have any kind of lengthy career have done so by staying long as much gamma as they can afford. Every trader that has gotten escorted off...

Option trading is very similiar to counting cards in black jack. If you can quantify your edge, you can put the odds in your favor. Just ask Blair Hull. I guess after he did just that in Vegas he started Hull Trading. Originally posted by Maverick74 My point exactly! When Blair Hull...

Maverick74, I think you make some good points . However, there are times that it is best to sell premium in options and you can't do it as a customer unless you have a solid six figure account. Now is a good example , Though there is some risk , I would rather sell a strangle in the OEX...

There is plenty of edge off the floor. Maybe not in earning the spread, but it's there. Where is the edge in your stock trading? Are you trading on inside information, looking at squigly lines on a chart, or maybe your a investor. Either way, there is no edge in stocks. But I appreciate you...

:-) Don Gene PS We all know I love and respect Don-Gene

echo , REDI tech support told me to only use MS NT 4.0 or higher, MS 2000 or ME may work. We have never used XP at our office and I don't want to have problems when trading. Gene Weissman Lieber & Weissman Sec., LLC...

eddie_stanford, The statement I made was of a general nature and of course not directed at any firm. REDI+ is very RAM intensive especially if you use a charting package in addition to REDI+. I suggest using an IBM AT compatible computer with 400MHZ + CPU 256 Megs RAM and Windows 2000...

bungrider, If you lock in REDI on REDI+ for OTC, you will get an immediate excution on a market order 99% of the time(REDI is proactive). Come by our office and try it. REDI+ has many features that are very good when set up properly and used with well maintained tradestations. As...

theShadow, REDI+ will definitely work with NASDAQ. How can you make a statement like that? If I lock the REDI ECN on REDI plus, I will get an execution in less than 250 ms< on a REDI ECN match and the proactive feature will hit other ECNs or MM's in a 1/2 second. If you have hot keys...

dafugginman, I'm sure your option strategies with no money down are limited with ETG. I know Bob Kantor(head of ETG)very well and I know he would not let inexperienced traders trade options in a prop account except in a very limited way. Bob was a very successful option MM on the AMEX...

nylord1, I think you make some valid points about REDI support, but I think the problem may be your introducing broker. You really need in house techs & support for REDI. REDI is not really set up for the individual trader to call them . REDI comes out with a new version every couple...

metooxx, Spreads have narrowed and systems have improved, but for the average option trader off floor , there is no edge. I'm of course not speaking of the sophisticated players off floor . I think you know what I mean and I'm not talking about you...

Justy a note. Since there is no spread to scalp and the REDI ECN is proactive & we have Supersoes , hot keys for different ECN's are not much of a help anymore. The speed of execution is more network & hardware than "platform" related most of the time. REDI+ works good for most NASDAQ & NYSE...

Generally options trading is discouraged at pro frims because of the risk(greeks) and support needed for option trading at the pro level. Don, myself and others who have been option MM's or worked at hedge funds know that there is no edge trading options off floor. If you trade options and...