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    Tips for a new Proprietary Trader?

    Rearden Metal I will trade any stock but I think a new guy should learn with less choppiness. The name of the game your first 6 month is not to blow your capital away and do you think he is going to trade a MRK successfully? I think you see my point and when he understands more he can trade...
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    Refco Fallout

    True and false True to one individual account but maybe false on the accounts as a whole. If you have low margin requirements you have more traders and might have lower commissions and a lot more volume. You’re not adding into the mix the profit you make for taking that risk. Refco fucked up...
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    Refco Fallout

    You live in a perfect world I don’t. He is not wrong and a lot of traders have high leverage but I digress. So how does low margin requirements effect firms risk control department in a negative way. I thought in theory they sell you out when you’re close to going negative. So low margin if...
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    Tips for a new Proprietary Trader?

    The firm wants you to put down money because 95% of the people who start prop trading lose it in the first few months. It normally takes a good year to be profitable and a few years to learn how to make steady income. If you put up money you should get a 100% payout. Do not pay more then a penny...
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    Invasion of the Stock Hackers

    This guy had a thread on here I remember him. His name was etradevictim. http://www.elitetrader.com/vb/showthread.php?s=&threadid=50700&perpage=6&highlight=etrade%20wire%20wells&pagenumber=20
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    Best equity commissions?

    You’re building a system wow. I am sure there are not other people in the world doing that too. The point is your not paying a lot. I trade and my volume drops a lot in months so I understand how volume works. The problem is you’re only doing 3k volume a day so honestly if you were a...
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    Best equity commissions?

    You pay like 40 bucks a day in fees and you think you’re getting screwed. Where do you people come from? If you a 7 there are fees the firm pays on you. I am sure you have over 200 a month in exchange fees plus your charting and execution platform. If you have a lot of capital and have a...
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    Prop and odd lots

    I understand your logic but it sounds a little weird. Why don’t you just round to the nearest 100 or even 50? I don’t think I would want your business if I was a firm hearing a guy tell me he wants to trade 184 shares on one stocks and 231 of another. To start there is very little to make...
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    Trader P/L 2005

    I think you get heat because of how you post things. I believe you make what you do but your attitude offends people and it makes them feel like your pulling there leg. Like I know Dustin and Mschey do well but they don’t post it in away that will belittle other people’s hard work. I only...
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    Taking Profit Questions ...

    There is nothing wrong with taking target profits. Stocks go up and down. You will be right and wrong at times but taking profits is key. There will always be a new opportunity. The most important thing is a stop is selling you into weakness winners sell into strength. If you want to get married...
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    Anyone know of coupons for Dell Ultrasharp 17"?

    http://bensbargains.net/old/arc.shtml if you buy them message me and tell me if they are good when you use it.
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    Who would be your dream mentor?

    Hugh Hefner He flips bitches like its nothing and carries multi Blue Chips.
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    black friday

    I am going with an up day. I am not saying I see anything good in the economy but the more people think one way it goes the other way. I have a few 1000 shares on a overnights of a stock the held up well on the tank down today and closed up a buck. It got smacked before and after earnings but...
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    Platform fees...

    Some add it into the commissions. Some have cheaper fees because it’s non S7 traders using it. Some use outside vendors and some have there own technology which might be less. it could be a number of reasons why.
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    Schonfeld Opus Trillium

    They are a firm within a firm. They have a different deal then Opus. They have capital up with them and have a bulk commission deal.
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    where did u all learn how to trade?

    Where did I learn wow great question. I learned it on this first date with some girl along time ago. It was a first date like I said before so it seems be going well because I am sticking it to her hard. Well I finish and feel it would be uncomfortable for me to pretend this girl had any...
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    MOC Orders

    If a firm pays you with a K1 what does a S7 have to do with anything? If you are trading with or without it why does that matter at all with taxes?
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    Am i getting the best deal out there

    it might not include. i think h-dot is like 1/10 more but i could be wrong.
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    Am i getting the best deal out there

    Sounds good but don’t just focus on rates because a platform is important too.
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    GoodPunk6's Trading Journal

    HLV is about you making them volume safely. How much you trade a month in volume? There are firms you can put up 5000k and get buying power. Some you need a 7 and some you don’t. They might charge rates like 5 bucks on 1000 shares so it’s different then a per ticket cost deal.
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