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There are cheaper ways to learn than plucking down $3k for a system. Learn from books, create a simulatior using Excel coupled with TOs risk software. Buy add-ins in Excel to enhance your simulator into a full blown scanner using IB feed. Here is a start. Google Hoadley and buy his add-in...

just to keep in mind that corrections can take 2 forms-price (which in my opinion are highly probable in spec areas like NV, FL, AZ ) and TIME , which is the least discussed and of a higher probability in established areas like NYC, Grennwich CT, Summit NJ where there does not seem to...

I saw Borat for the first time on Leno and was funny in the forst 3 min but that smile w/ thumbs up got old really quickly. Kinda like Gilbert Gotfried type where you always think "That can't be him all the time" . Anyway can't wait to see his movie though

not only should u be concerned about the number of charts open but the amount of studies in each chart. I've had diff charting systems past couple of years and in most of them it recalcs the values every time a tick arrives. So if you have one chart open that calculates 50 day MA, every time...

You are not using Excel DDE link to IB are you? That can cause a lot of CPU backups.

In this discussion of leverage extension given by prop firms to traders, it might help to keep in mind that these leverage extensions over Reg T's 4:1 were not the prop firms making but were in fact, created by the SEC in the 70's or 80's in response to requests by exchanges to enable their...

I am suprised about all this talk about interest rates rising. Since I am in the mkt actively trying to do the NNJ CT home buying /selling spread, I was suprised to get a quote today for 30yr fixed at 5.8. During the housing boom of 2000-2006, I refinanced my 30yr from 6.5 I think to 5.75...

Trendsailor, thanks for your points. It is quite refreshing to see counterpoints made with cogent arguments unlike the usual and customary counterpoints that starts or ends with expletives. I agree with your points about buyer's brokers earning whatever they make, they really work for it and...

Trendsailor, appreciate your insights but unfortunately, realtors nowadays are about as useful as specialists are in maintainging orderly markets. I don't want to diminish the importance of buyer's brokers and the 2% they would be getting from the trade. I will meet with one who will show me...

I thought Swittrade had /has 2 offices there.

IF the link of the previous poster is accurate, then the firm in question is a hedge fund and does not operate in the same mileau as the Brights, Echos,etc. I don't quite understand the association.

This is what I don't understand about this "controversy" . I am a licensed s7/55 trader for a prop firm. If I change my structure from an individual to a company called "XYZ hedge fund" , deposit capital in a JBO, take 100% profits and losses, how in the world could the SEC say I am doing...

to the firms if SEC cracks down hard ? They will morph into a Schonfeld and ETg business model. This is what Bob Kanter of ETG has been railing about for years since 1992. ETG trained and paid their traders a draw, no deposit in return for expensive commish, desk fees but they took no...

EricP I agreew your points regarding the owners of the firm trying to do damage control here. The 3 points you mentioned are not insurmountable for the firms. 1. Getting as7/55 -no big deal. 2. Requiring a deposit is where it gets interesting. What if Prop firm does not take a deposit in...

The silence of the pro firms here is deafening....

This is what I got out of the conf call sponsored by Greentrader ( I was 10 min late so please correct me if I an way off. The SEC is looking to crackdown on prop firms. The principals in the conf call then tried to distinguish between JBO firms whose members are licensed , members of an...

DB good point. When I was there they have SAI's on really thick stocks like GM, WMT. To each his own I guess.

Their commish rates are competitive , but wait until you want to naturally short a stock. If it is in their SAI inventory, prepare to pay $20-$30/1000 . In this hybrid environment, that is a big vig to overcome.

OC, This subject interests me profoundly(IOW..I gotta get a life coz I got nothing better to do on a Sunday than bang out XL simulations) . I relize you trade ES but a real life simulation of SPy would illustrate the point I am trying to make. SPY at $135. 1st trade S 10 SPY Oct 136 call /...

I fully understand your point about using it to exit. I've done it many times myself. But in that scenario you described wherein you are using it to exit a credit OTM call spread that went ITM, you will find that if you plug in realistic prices you would be buying strike A and C for and selling...