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Mizer, Cooweb is a very motivated, aspiring trader like you are, but he hasnt made any real $$$ yet so take his advice with a grain of salt. Here is my advice and its worked well for me so far: Work hard, always be learning, never get too high or too low, never get complacent, understand...

Why does working at a prop firm destroy a resume? What is the reasoning behind that statement?

-73, the up streak ends at 41 days.

+140 and heading lower....how awful is this day???

+457, What a godawgful trading day. Hope tomorrow there's more action.

A conversion is a synthetic long position, I believe done by marrying puts, which allows you to sell on downticks (thus avoiding the uptick rule). I have a couple 1000 share conversions in a couple stocks and this has made trading the short side 100X easier. It costs a certain amount ( I believe...

Sometimes, when you are experienced enough to really understand the situation, sending a market order will get you price improvement. Also, there are situatins where you cant nx out of and you immediately know that you are wrong so going market just gets you out.

Do you want to be a successful trader or not? If you do, stop surfing the web and focus. Once you are no longer distracted and dedicate yourself fully, then its a matter of slowly changing your own natural tendencies that lead to self destruction. This usually takes quite a bit of time, but...

I've had 13 losing days this year, and I trade everyday for a firm in Jersey City. Currently working on a 41 day winning streak, hoping to keep the streak alive for the rest of the year.

"New to trading" and "trading the homebuilders" is a recipe for disaster. Learn by trading the less insane stocks first and, once consistent, venture off and trade the more volitile stocks.

I only post net profit, I agree it wouldnt make sense to just post a gross # without the shares #.

+668.....really tough day I thought. Very few good entries for my style of trading.

Still thinking of a story to make up explaining how a successful guy like you has CC debt?

With all the money you claim to have, you shouldnt have any debt on credit cards. Who carries finance charges when they have plenty of cash to pay the balance off??? Can you answer me that?

I still am trash talking your skills, you havent proven anything yet. I thought you had $100,000's in the bank, and now I see you are borrowing off your credit card. Hmmm.....seems to me you have tangled a web of lies, which is precisely why I doubt most everything you say. Are you ever...

I hear what you are saying but its actually not like that at all. No one ever is down more than 5k for a month (thats actually the worst month I have heard of recently). This month is a little slower, the top guy is up 20k, I'm at 18k and there are about 8-10 guys up 5k-15k. Nothing spectacular...

Yes trading listed, some scalp for small moves many times a day, some trade for bigger moves with bigger size. It all depends on your personality, but we all trade based on a lot of the same criteria.

I didnt say all of them were, but I said a bunch are. As a matter of fact, last month (Oct), we had 13 guys make 25K or more, 5 of them were over 30k, and 3 were over 45k. Just because the traders you may have talked to arent performing up to this level doesnt mean that there arent guys out...

+1152, internet down all afternoon, Esignal charts hardly worked

Prop guys in my group (myself included) are making between 20k-50k a month lately so I dont see the same things you are. Sure, the market could be a lot better but there is certainly good money to be made.