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Retail or cap markets?

I Agree Samson the money is to be made helping other instis hedge international exposure. Having said that, the worst way to make money in my opinion is for firms to do their own prop trading, a recipe for uneven earnings and fat paychecks Hear about those bank mergers? they're on the...

Trading desks at banks are notoriously unprofitable from a shareholder standpoint. Goldman, the trader's trader, has wild swings in profitability and its stock has gone nowhere in the past few years. So why do it? Because all banks needs another source of revenue, and maybe another way to...

I am hesitant to say price/volume is much better. Not to say that tick/trin is great, but it does give you a sense of what the underlying is doing and not focusing so much on the derivatives alone. However, saying price/volume is perfect is in my opinion like saying technical indicators such as...

I'm glad you stress the word assume, since any type of statistical modelling has a bunch of rules put in place before going forward. The one assumption I love is the one that "all consumers are rational." NOw we all know that's a farce, but let's make the same assumption about investors "all...

In the pages of the Globe and Mail today, my fav newspaper! TORONTO -- It's 6:15 a.m. on the first Friday of the month. In a few hours, U.S. non-farm payrolls will be released, the single most influential event in global currency markets each month. On Canada's largest trading floor...

I have a lot of respect for anybody who can make one point consistently a day. Most systems are only geared for certain types of markets, either trendy or sideways. So to design a stystem that spills the same profit in any market is great. My systems tend to make a large profit once a month...

I once tried to do this with company earnings/sales, and because it was non-linear, I got weird numbers, for example, it would go 1,2,3,4--->6*10^4000 Or something like that. It fit the existing data points fine but extrapolating was almost impossible. In the end, I just sucked it up and...

It's definitely a rally lead by the few, and by the smaller. SPX is leading the OEX, smaller caps are leading the way, and certain sectors including energy and housing are pulling the market (SPX is more heavily weighted in these so it is outperforming DJI). It's probably not a bad idea to look...

I think you are sitting on a gold mine waiting to be tapped. You basically have financial backing right at the firm, people would kill to know a rich dentist, you've done one better and actually WORK for some of Wall street's elite. If you are bored, get off your feet and ask your boss if you...

Yes, what you sometimes will see on AMEX vs. Globex is the specialist finishing a big order and printing the average price that is way outside the market. The print will usually be huge, and way outside the market, but don't think you can get in at a low price or anything, the next quote would...

If their "style" of trading matches yours, I would definitely do it. If you want to scalp a couple contracts a few hundred times a day, Swift is for you. If you want to swing overnite, forget it. And if you want to learn without risk or pay, why not paper trade?

I guess the same reason paper buys/sells in the pits, there are locals to make a market for large orders. A 1000 car order would not work terribly well on globex if you bought/sold all at once, but would work on the AMEX, NYSE and pits since there is a middle man to fill it almost at market...

hahahahhaa, i love it!! Yes you get to work in your PJs, but the opposite side is drinking at swanky bars with hot chicks after work. Staying up till one in the morning, hooking up, and one upping the other traders by bragging how much size you did during the day. The daytrader in his basement...

By the way, if you think a "real" front office job is much better than what you have it, think again. MOst analysts are really just lackies who run the paperwork, granted still getting paid more than you. But after a couple years they shove you out the door to get an mba with no guarantee of...

My advise, and I hope this helps, would be to first get your temp status extended to full-time. Then, try to get into the front office but still in an assistant type of role, since the decision makers will then at least get to interact and see your face. CFA used to get people somewhere, but...

I agree, the afternoons have been where clear rallies have been taking place the past couple weeks. I wouldn't necessarily call these people smart, since according to news sources the latest afternoon rally was "short covering." Honestly unless they are really really good there wasn't much...

Absolutely agree, how hard can it be to push B for buy and S for sell... the only thing you really have to worry about technically is timing (market hours while catering to the client's wants), client takes most if not all the risk...

And to think I once wrote to one of the guys asking for a job... Anybody who gets caught forging tickets should never work on the street again.

sell on the news, or at least that's what I'm trying to use as a justification :)