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Perhaps I should look into that....I wish I had a straight jacket on the last few weeks so I couldnt have hit the send button... Actually the firm I traded for yrs ago had some people trading who I am sure are now residing in a mental hospital....

Hey...was reading your journal here. Most of these journals on here are bs...but yours I find very good. Unfortuneatly you are tackling the toughest beast out there in trading....the SP. I have been trading them for yrs along with bond, currency , and gold futures. They are by far the most...

Good point...there are plenty of other things to do instead of watching P/L..........betting on the dating game...playing horse..... sorry I lost touch....been busy as hell.....hope all is well

hey..if guys can find a way to make a killing scalping then god bless em....I am more of a swing/position trader. I tried scalping for a tick or 2...not for me....dont see how anyone can make decent money doing it ..unless you are scalping huge size in slower moving mkts...I used to watch guys...

If I did? Fred I worked at the biggest in Chicago at one time..they are no longer standing...not sure what you are getting at. While they had a few traders who were doing well, a majority of them who tried to scalp went absolutely nowhere. And even the ones who were somewhat profitable werent...

No problem....look at todays/yesterday action....big moves in Euro....why take 1-3 ticks when you can pull 30-40 if you get in good...if I was gonna scalp something, would be something thick that doesnt have much vol..maybe eurodollars,5 yrs, 2 yrs....

I never traded spreads so I cant really comment. I know some guys who are spread traders and do very well, are very very consistent. I am a true believer of "position trading", even if it only lasts as little as an hour or so. Waiting for good entry points (using whatever method works for...

Sorry man...dont wanna mention names....but was a big one in Chicago...

Honestly, you seem like a nice enough guy.....but trying to scalp the Euro FX for a few ticks is a losers game. At best you will break even (like you did today). Trying to scalp a volaitle mkt is jsut plain dumb....you will get stopped out way too many times and in the end will show no...

Wanna have fun...trade Mini Natural Gas futures.....

Really...makes sense...when I was at Schonfeld we had futures, but the commissions were insane. I guess it matters how your firm is set up. I traded at a small prop group in Chicago that were members and set up as an LLC. But we got the same rates passed to us. Was like 40-50 cents...

I hear ya....cant firms like yours buy a seat / become a member of the Merc? I traded stocks for Schonfeld for about 10 yrs. I left after the powers to be decided to kill the volatility and go penny increments. Now am trading futures for a hedge fund. I just feel there is a ton more...

How come you guys dont trade futures?

I never understood why most prop groups (outside of chicago) didnt offer futures. Personally, I feel there is a ton more opportunity in futures trading. I know these equity trading shops clean up with equity commissions....maybe they dont see the same profit potential they can make off their...

No problemo...just make sure the check is in the mail

I had the honor to work with MR RM for yrs.....a hell of a trader....a good man....but we used to play "HORSE" with a nerf ball/hoop during down times....and not for anything...but RM had a very troubling time dunking the nerf ball in a hoop that was maybe a foot higher than him...he had the...

You arent an asshole RM .......just an easy mark for guys like me to pick you off..... ** see dating game bet...lol I totally forgot about that Bulls bet.....how much did you take off me ..I do remember it was a miserable bet I remember back when we were at the same firm and got a...

Like others have said, tone it down. All these fancy words really wont get you too far...in fact..like RM said, kind of sounds like you are bullshitting. Your first thing means nothing to me. "Actively managed and executed futures and ETF trades on behalf of option risk management desk"...

Great post. I think the problem is, people are unwilling to adapt to changing market conditions. Guys who lived and died by trading econ numbers are now left with nothing. Guys who lined the book and looked for that one tick are left with nothing when that game ends. Firms who require guys...

Hey man....if my memory serves me correct, the mkt was dead, we were all bored, we were all sick of playing HORSE ,somehow the dating game ended up on the TV and you said "I will take action on which dude she chooses". Its not your fault that the rest of the desk was extremely knowledgeable on...