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I can't help but feel like I'm shooting darts with a blindfold on. I buy strong short weak stocks, but I dont' feel like I have any greater understanding of the market. i've gotten better @ self control etc, but still...how do you guys start to form a strategy? I'm not sure i get it...

Martingale is by definition a losing trade. What you should do is kelly bet. THe larger your edge, the more money of yours you should risk. The math is very simple...finding how large your edge is or even finding an edge is the hard part. Going heavy when the market will move your way is...

My boss lost $10k today. It was a self imposed "Stop trading the day" limit. He said he's not trading tomorrow either, he's sleeping in

You don't know poker. The best bluffer is not the best player. How do you assume that everyone knows how to extract maximum value from their hands? Mike Matasaw is one of the best bluffers and he's hte biggest loser, else your definition of a bluffer is different. Trust me when I say the best...

lol there will be rallies and selloffs today. Go long and short, pick wisely get out wisely.

hmm what timezone is this thing using...

what are the ciket charges/coms?

Nothing, it's really my curiosity. I like to get my facts straight...they don't affect me at this point in time becuase i have to get the 7 regardless but I'd like to know the proper info.

Thank you, that is definitely the answer. Sorry i couldn't be more clear about what i was asking, but if someone else ever had the same problem... basically many retail firms disguise themselves and prop firms and they were confusing me. Now I understand that all prop firms must have a...

Wow, this is exactly the answer I was looking for. It still doesn't clear up with Nexis Traders don't have their 7 though...

That's my point. If you read the other thread, someone says "Is the series 7 required for Bright Trading?" Then don Bright responds "yes, we like to keep our record squeaky clean" This implies that while all bright traders require the series 7, the series 7 itself is not required for all...

hmm i've been led to believe that what you said isn't true. Nexis Capital traders do not have any series licenses... Don Bright's responses seem to imply the series license is not required either as he stated "Yes, the series 7 is required for us because we need to keep our squeaky clean...

I donno how true that is...many firms allow you to trade without a series 7, so how could what you are saying possibly be true? Larger companies like GE, AIG etc...who have equity traders working for them also DO NOT require a series 7 license...so again how could what you are saying be true?

Why is a series 7 required by firms for prop traders who are only dealing with equities? I just took it as a sign of good faith...like thy wanted to make sure you'd put in the work to take the test.

they currently give 65% net and 29% gross...but how long is hte actual non-compete contract? Also it's 1 cent per share in commission, does that increase? If I start with their training program, are tehy going to hook me up with better rates assuming I'm a big winner? If not, how long will...