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In the most simplest way: Futures go up, I buy. Go down I sell. Net profit per trade? like $2. (but I only get to keep a small draw, so no Mazzerati)

Easyrider, My take is it's the same as with cutting losses, but then in a broader timeframe. As a beginner, you think every trade has to be a winner and start messing things up when the trade happens to be a loser. You get more experienced and you find out losing trades are just part of...

"How do you feel about BRCD and EMLX as daytrading stocks?" Very interesting stocks. My edge is having very low commissions, so I play the stox where having low commissions makes a difference. BRCD and EMLX you can (have to) play with smaller shares and still make a tidy profit, so I take...

I think I fall in this category. I trade the highly liquid nasdaq stocks, 1000 times a day or so. It seems to me there are coming more and more prop traders to the game, look at SUNW, if you hit the soes key, you'll be lucky to get any shares as there are at least 100 traders before you...

That should explain it. Thanx

Primex average is 5.8 mln a day in the last month, that number isn't too large, if you spread it out over the market.

Nice post, DraXon. Especially the second alinea. Let me tell you what happened to me today, and before once and a while; Normally I am doing a pretty good job trading, but.. then something happens which makes me lose my confidence, or my right state of mind, and I start losing a lot of...

At nasdaqtrader.com you can view the stats for the most active marketparticipants for stocks for the month. Today the February stats came out. On several of the most active issues (I only look at them) -like CSCO, INTC- Island went from number 1 to somewhere lower in the top 5. What...

My only concern with supermontage is that how can I post my bid and offer? If I do this through a participating ecn, I will prolly get a fill AFTER all the mm's on the same price level have been filled, because the ecn will have to levy a fee, because they are not operating for free. All this...

At the opening I pay attention to the morninggaps in the eminis for gapplays. Which closing time should I look at for determining the gaps, 16:00 when the cash markets close, or 16:15 when the futures close? TIA, Bachelier

Does anybody use Radarstation? I have it on the shelf, don't use it anymore though. Just wondering if it's any good.

Another "naive" question from a rookie, allthough not that much of a rookie as nick. Do large sell side or buy side institutions hire people from humbler territories for responsible proprietary trader positions, if they have an excellent P&L track record?

almost definitely CSCO

Ever heard of Bill Lipschutz? Pm me please on some personal questions. Bachelier

In my day to day operations in a prop firm, I scalp one of the liquid large cap OTC stocks. Mostly trying to capture the spread. Making about $1000 net on average lately, of which i am to keep a small part, which is pretty decent compared to my peers at my firm. The top traders make between...

I've been scalping for about 5 months now. Before I momo-traded my own account for about the same time.

Thank you! Unfortunately, I don't and I get to keep only a small amount of my profits ;-)

I have been trading with IB some time ago and I wrote numerous emails to helpdesk and letters to management about this. They just don't seem to get it :-(

Good days for me are about 1000 trades or 500 roundturns. Lesser days about 200 roundturns. So anywhere between half a second and a few minutes per trade. Bachelier

he, i am afraid i am still just a little boy among the gs's and morgans