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  1. M

    Self Taught or Mentored?

    Not true.! I have some of my best trades not looking at my trades.. set your stop, dont overanalyze, let the trade play itself out, and surf away!!!! Anyway, back on topic.. I have yet to be profitable, but feel like I am learning alot as I explore different ideas, strategies, etc...
  2. M

    Self Taught or Mentored?

    I am in the process of trying different strategies and opening my mind to different "pro's" ways of thinking. I dont expcect to make $$$ using their systems, but I try to take and learn something from their methodologies.. For example, Larry Connors window strategies do work sometimes, but...
  3. M

    How many trend followers here?

    9 PAGES! And no one has MENTIONED SCALPING = HIGH COMMISSIONS!! The main thing for me is scalping consistantly eats away at your capital simply b/c of costs.. Hopping in and out of stocks, will churn you raccount, unless you can maintain a high win/loss ratio consistantly, which is hard to...
  4. M

    Anyone ever heard of Steven Cohen????

    very interesting. Puts a whole new perspective on the term "smart money."
  5. M

    Anyone ever heard of Steven Cohen????

    Do you mean to tell me that they started off cold calling and pitching stocks to joe public? You can probably learn the ins and outs without doing this.. I am not saying you are wron, jus that it is totally the opposite of what I thought...
  6. M

    Anyone ever heard of Steven Cohen????

    count me in as one of those who thought hedge funds traded a "holy grail" technical setups, or coupled with rumors.. This sheds an entire new light on how these things operate... The basic premise is the edge= getting info first. This is what gives you the "meat and potatoes" of your...
  7. M

    Limited life of the market maker

    Order flow has diminshed. Over 3/4 of it (since 2 year ago) has gone to ECN's , and the order flow you DO get is purely relationship based, or in return for research.. Since ECN's are so cheap, you can only make .01-.04 /share usually. Any more, and the client gets in trouble from there...
  8. M

    Limited life of the market maker

    Bingo. Black Box systems are currently being developed, and I believe they will be perfected soon.
  9. M

    The Ultimate DAX Scalping Discussion Thread!

    interesting. I was on the LBR website today. I also read an article about her in the Traders magazine. Has anyone heard about her success, or heard about her training, or chat room calls?
  10. M

    Limited life of the market maker

    I work for a competitor of NITE, and I have to agree. The profits margins are WAY down, and expenses are up (due to more per ticket charges (decimals).. Plus customers penny you on prints. instead of making .05 when deciamlization first took place, customers now let you make .02-.04, sometimes...
  11. M

    Echotrade Los Angeles office now open!

    First of all, The platforms really arent that complex, so not much training is necessary. I worked out of the NY office, and Nick (manager) trained mye on the platform, and was always went out of his way to help. He was also helpful with the Predator software. Dan (tech guy for remote...
  12. M

    Trading as a career.

    to the inital poster: One thing no one has mentioned: YOU CAN ALWAYS GO BACK TO TRADING. If I were you, dont trade unless you have a backup plan. The odds are you will fail. try to buck the odds, but know them. Dont listen to the bravado types on these boards who think anyone making...
  13. M

    Effectiveness of Paul Taglia's method

    I am big "contrarian" when it comes to this. The fact that you have had 140 viewings and no responses probabyl sows that his methods work to some extent. If they didnt work, everyone would be bashing him.. for what it is worth..
  14. M

    Are Analysts of any Use ?

    I think the traditional "IB analyst" idea is a bit dated. I think the whole idea of the boutique firms (ie biotech.medical research) adds more value. Rather than have an MBA crunching nubers, and interviewing ceo's, these boutiques focus on that, PLUS have medical industry contacts in...
  15. M

    How I earn a living trading the QQQs

    what is KwikPop, never heard of it? The interactive Cd I used was obtained from a friend (If I actually paid $$, I would have been REAL pissed) and myabe was a bit dated... Perhaps he has fine tuned it a bit, which he should... The biggest problem was dealing with gaps b/c the MA's are...
  16. M

    How I earn a living trading the QQQs

    I trade his e-minis course and dropped $$$$ like a bad habit. It is basically a crossover system with a momentum oscillator for confirmation... I found it works great in trending markets (which rarely happend when I was trading it, or I would use too tight of a stop and get stopped out...
  17. M

    How do you get a job as a Trader with a bank or investment firm?

    I always hear this as teh downside, but dont get it. You can make very good $ (200K+ isnt unusual) and there is very little risk. Trading your own $$ it is easy to blow up when your system hits slump.. Plus HOW MANY people actually make it on their own???
  18. M

    How do you get a job as a Trader with a bank or investment firm?

    23 years old? maybe 2 or 3 kids on wall street. This is def. not the norm... You make it sound like that is "expected."
  19. M

    T-REX Journal - "Scalping 101"

    I am enjoying this thread and appreciate your input. I have no intention of learning yourt proprietary info, or the calls. You mentioned the MACD and Stochastics. How are these incorporated into the above? Specific signals, etc?
  20. M

    Florida: Palm Beach or Miami Beach

    a good number of MILF's?
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