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    Need Advice on career change into trading

    Do a search, this question seems to be asked every day lately. Just another sign of an oversaturated, played out industry. Anything is possible, like winning the big jackpot in NY lotto. Reality is that you have expectations that have a very very low chance of being fulfilled. Like you...
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    Greenspan to French finmin:US lost deficit control

    How recent is your info? US is slightly over 70% debt of GDP, Germany & France are in the 60-65% mark. Eurozone overall is at 70% but that's due to counties like Greece & Italy who are heavy in the hole, over 100% debt to GDP. Key difference is that Europe is not growing and hence is not...
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    Middle class revolt

    Ok I wasnt clear at all but in response to your ideal of "entrepeneurship" you should recognize that the target consumer market is USA. USA is the consumer nation of the world, the problem is that this country's consumers are losing wage growth & jobs, hence losing their buying power. Of...
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    Middle class revolt

    All of this means nothing when your consumer base is having its buying power outsourced.
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    Middle class revolt

    Hehe, you're missing the point. It's simple labor & currency arbitrage. They will work for less in your eyes, but in reality they are getting a better living than the American co-part. The higher ups in the US corporates do not care about the skill-sets, they look at hypothetical numbers. If...
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    Middle class revolt

    And most of them end up working dead end jobs and stuck in the rat race. People come here under the illussion that money grows on trees and everyone is rich. [B] I wasnt born here, I know exactly how it is. What I do notice is the tremendous opportunities that 3rd world countries offer...
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    Middle class revolt

    Dude, you are completely missing the whole concept. It's about the cost of living, not the skill set. The US corporates will not even offer these same jobs to US residents at the same rates because the workforce would not be able to survive. Then add in the government regulations and...
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    Middle class revolt

    Along with record Gov debt, consumer debt & corporate debt. Reaganomics started it all, but note the M3 money supply explosion. The Fed's tactic of lowering interest rates and easing money supply did not do the trick this time. In the past it stimulated capital expenditure, wage growth &...
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    HLV Trading

    Ok I do not work there, I did about a year ago. My current group does have a clearing arrangement through HLV and I chose to use OmniPro so I do have an account there. I'm just being honest and the amount of crap about this firm on this website is just shocking. I have not been wronged by...
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    HLV Trading

    Dude, you do not know what you're talking about. HLV either funds traders which is a separate deal or you put up ur own 5k and negotiate a competitive deal. Only idiots would agree to give up 10% of their profits if they put money down. But when you put zero money down with no experience...
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    not another scalping thread......!

    Find a gimmick, milk it and get out. Or find an easy bull market/bubble, milk it, get out. Unless you're in it for the challenge.
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    trading nyse specialists

    A dying edge, just like Htrader said. The NYSE change toward an electronic platform is inevitable no matter how much you want to deny it. There are way too many signs, the Hybrid system, the Arca merger, the recent SEC decision about Imbalances. How much longer it may take, who knows, but...
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    watch out for the scammers

    Hey dude, good job on exposing that scumbag. I gave him the benefit of the doubt and did the free trial. I made one trade on which I made money but I noticed that the signals were late when it came to the entries & exits. I did my own trading, so I ignored some of his calls and was selective...
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    Tape Reading Techniques??

    I'll give it a try Watch the Open Book in this case. Most short squeezes are traders covering through the OB and causing a blow off spike. If the specialist is backing off the quotes and filling on the offer side only what is shown in the OB, he is squeezing and pushing the price. Often...
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    Different in day trading SPY & ES?

    When SPY moves, you can have a 5-10 cent spread. SPY does give the innefficiences of crossed markets though and at times you can get great, in the money prices. Also the price "improvement" on NYSE, but most of the vol is on ECNs.
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    Biggest day ever

    I know a guy who does 20-50k days in equities this year. If you think that it is consistency, you're very wrong. High risk, high size, big overnight positions. You have to do so in this market, there is only so much capturable range after slippage and only so many realistic opportunities...
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    Lyo

    I thought this stock moved points in a day or smth, but LYO is thick and chops like crap. Did you short heavy size?
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    To new traders

    My guesses, A) You're secretely a homosexual and needed to replace the hot chicks with hot men, but just did not realize it at the time. B) You've always had it good in regards to money, have little idea of money troubles and basically have no idea of the value of money. Just like all the...
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    Does Cramer move the market?

    I heard it's mostly odd lots moving these stocks afterhours. What I'm more curious about is how some of these stocks gap up the next day on volume and trade in a tight choppy range. Seems like way too many faders, sometimes they keep chopping up for days to come and sometimes they actually...
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    What's happening to the industry

    Steve, I will have to slightly disagree. In regards to the speculators, or to be more specific, prop traders, the effect of computer programs/technology has been detrimental. This is mostly due to the fact that the trader/investor ratio is out of whack but it is also due to the fact that a...
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