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Yes. Although I wouldn't call it daytrading, more like intraday trading. 2 guys in our group take on enough 5-10k position of various stock to push the BP to the levels you speak of.

Hahahaha, So true. Too much doom & gloom, way too much. Follow the money and see who is getting rich. It's definitely not the average Joe Shmoe but it's even more definitely not everyone else but the US. Get on the right side and everything will be all right. Also, wouldn't a crash...

Hahahaha I LOVE IT

MTLK, bought around 31, got out 36 3/4 a week later. I had smth like 27 shares. :D

Bro why don't you learn what you are talking about before you start postring retorts to someone that actually knows his material.. Try actually interracting with the industry instead of reading some BS rah rah book. It's not retiring at 50 but at 40 or even 35. Very very very few people in...

He said "operation analyst" which is most likely in regards to Operations not Investment Banking. In that case, what Copernicus said is right. Great answer although a little glamourizing. LOL, aint that the truth. You're giving him too much credit. Pikers actually trade.

Hahaha This thread is hilarious. It's so similiar to the worldco threads, it's too funny. Let's see if the company follows the same fate. I'm betting yes. Wish I could short their stock.

Best post in this thread. Most realistic advice. I've went through the exact situation described back in October 2004. I buckled up, got a job on the side, flexible hours & great hourly rate. I still have it, it's my safety net against this crappy market which can turn great traders inside...

This pretty much explains your inability to differentiate between trading & gambling. Get your head out of your a$$, you might figure out why day traders are making money in the market while the average joe shmoe investors like you are losing it. The fact that you need to type so many...

I very rarely mention what firm I am at and I never come here to pump it. But since you asked, I am at Carlin/Generic. I get insane leverage, much more than I need. I trade at an office, have a good all-in rate (plus SEC fees and extra .001 for ARCA), get Thompson financial & whisper, no...

You called this back in the day. I remember reading the Swift thread like almost a year ago and it was sooo reminiscent of WorldoCo's fiascos.

LOL it was a protective measure by myself to make sure I did not overtrade the last Friday of the May, you know the one that everyone leaves early to start the Memorial day weekend. It worked out well, I traded very little, made 800 bucks and left by 12pm. It was kinda fun, first time I tried...

You're right cause it is absolutely illogical to be upset with ANY firm in this industry. If you have the slightest problem with prop/retail firm it can only be because you are a losing trader or you are pumping competition. I'm going by what I saw and what I was relayed to by my friend. I...

It's May 2005, should have been expected. Get ready for more like this in June. Although last May was about 10 times better than this. The last week of May 2004, I made like 5k, and the last day I came in stoned. I did good for the time I put in. Traded a little over half the days. I try...

Ha, If you think that's an attack you definitely should not find out how penny/rebate "trading" is considered on the Street. That's why I find it funny, especially after getting the details, particularly the rock bottom commissions on which you depend on.

For 2 mil shares a month? That's insane. These rate wars will not have a good end for the industry, if anything they promote the penny fighting in stocks. I don't care what all the Genesis pumpers say, but stop trying to make it out like Genesis is a top firm. Seeing the downtown office...

Whats an "operation analyst"? Back office or the standard IB analyst? The rule of thumb is that you either go IB or sales desk on Wall Street. Very hard to switch unless you find good friends in high places.

Hilarious. 0005 per share? I do not see how these rates can be sustainable over the long run by any prop firm. But then, where would LU, NT, RAD and CPN be without the rebate trading monkeys. I wonder where would you be if you had to pay .002 a share, which is still a very very low rate.

If you're not trolling, then: A) You got seriously burned in the market and have a HUGE grudge against traders or anyone involved professionally with the market B) You are mentally handicapped I'm going to attempt to answer your idiotic "argument", well if you ever fix your selective...

Who says you have to throw away all your disposable income on rent? You can rent out some nice places for a relatively cheap price and have a lot of disposable income that can be invested all over, all while having the opportunity to be mobile and switch areas whenever the opportunities arise...