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I actually have had great success with smart routing. I have been getting excellant fills from TMBR when I know that I wouldn't have gotten the same filles from the NYSE specialists. They have been easy trades. Thanks TMBR.

On days like friday you have to avoid using market orders.

How silly. Risk management should be your #1 concern. I dont care if a trader takes himself out of the game very quickly, I just dont want another trader to take me out of the game period. That is why "risk management is such a big concern."

http://www.elitetrader.com/vb/showthread.php?s=&threadid=5851&highlight=hedge+fund

The prop firm has poor risk management and one or a few traders blow out the firm. Then you being a member of the LLC will lose your capital contribution.

Don, You seem to have a response to everything. Dont you have a response to his?????

My mistake. I meant to say 200k shares/day or 4 million shares/month.

If you are a super active trader (trading well over a 100k shares per month) i think the lack of SIPC protection is worth the risk. I trade at a prop trading firm (which will remain nameless, not trying to promtote here) and my volume is about 200k shares per month. Because of my high...

Good point. I agree that capital reserves/trader and risk control are key when evaluating prop. firms.

The sec fees are about $33 for every 1 million dollars in sales.

wow - arent you glad you didn't get that fill on liquidating those sox puts a couple of weeks ago. What a break! Good Trading!

They had a conference call and denied that they have any liquidity problems.

This thead is getting pretty long. Maybe it would be a good idea to start a new thread: MAY Intraday/Swing Plays. Just an idea.

I think the echo guys used to trade at bright. Bright clears thru slk; echo pax/peace clearing (i think) Bright uses redi plus ; echo - a choise of a couple different ones Retail firms (IB) generally don't allow bullets.

My good man - specialists can only take offers to liquidate positions not INITIATE positions. This does not mean that once a stock is trading at the offer price the specialist can take an offer, unless he is liquidating a position. Rule 104 - Dealings by Specialists (A) The specialist may...

Today (not the first time) i get logged off for 10 or 15 seconds and then re-connected. This happens every about every ten minutes. Very annoying. Does this happen to any one else??

for now

anyone else having a problem with IB today - my ISP is working fine but IB is not?????

Nice, you caught a break not getting executed yesterday! Thats a few more grand in your pocket. Good for you!!

My quotes seemed to be a bit delayed (1-2 seconds) today compared to my other data provider. Anyone else having a delay????