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some pics of our company. thats me in bottom left picture. what a dork. at least i was having a good hair day. hehe jim http://www.chicagotrade.com/c5intro.html

pvtrader I feel like I am in the same boat as u. I have a real passion for trading. I love my job and i actually trade all day at my current job. I feel like it might be tough to duplicate my current salary trading for myself. Ay least for the first year or two. One of my concerns is the...

res..whats up. Thats a very interesting statistic and Im curious how you came up with that. I knew you had done some work in this area. I thought at one time you were tracking all the 50 lots? I think that was you? Anyway, just curious as to how you got your hands on this info. Unless its a...

I might be reading the CME stuff wrong but couldnt you just do alot of 1 lots to boost your trade to cancel ratio? If you buy 50 options and are ready to get out of em just sell em back 1 at a time. Wait, this would probably not be worth it due to commish. nevermind. jim

No one is going to keep track of that and it depends alot on how the order is executed. Actually where is almost as important. More than likely your order will be executed electronically where you will see the bid offer and know right away if you wanna play. I am referring more to a large order...

I think for the most part you are being paranoid. I work for a MM firm and i do the hedging for about 20 traders in the s&p indexes. Unless you are doing some real size they are not watching you that close. As someone said earlier the large orders are usually split up between a few locals. One...

I agree with you mcurto..its not manipulation. I stood behind the Morgan desk at the merc for about two years (S&P). They would constantly try and push the market through a major support or resistance. I was very good friends with the paper fillers and they saw the same shit. Its not...

Ive seen the oil # come out every wednesday @ 9:30 Chicago time. You should get an economic calendar. The one i get from Barrons (online) is free and it has the Oil # on there. Hope this helps.

today I put in a trailing stop on a nasdaq stock. i had a trailing stop of 1.00. the high of the day was 76.48. it traded up there then pulled back to a low of 73.90. Should my stop have been elected @ 75.48 ? My stop was never elected. Is this user error? if so can u tell what Ive done...

there was a huge rebalance today..net effect was buying of the spus and selling of the nads. seems like maybe this was at least part of it. jim

I know the first kid on the list. We started at the merc as runners about the same time. He is a good guy but I to am surprised to see him on the list. He is the blond headed kid playing basketball in the mag. I laughed my ass off when I saw him on there. Dont get me wrong, I wish him the best...

I hear ya Vulture. I do think certain markets could be "gamed" at times especially illiquid ones. I also think that as long as nothing illegal is going on then its fair game. If your working to sell 20 yms on a limit and you pumped in a quick 100 lot bid right below it to try to get your offer...

This is true Vulture. Do a search on 990 here and see what u come up with. there are lots of conspiracy theories and stories. The fact is, that whoever it is, has done nothing illegal. I really dont see why people would want to complain or have anything to complain about. Jim

Lessons From The Brain-Damaged Investor Unusual Study Explores Links Between Emotion and Results; 'Neuroeconomics' on Wall Street By JANE SPENCER Staff Reporter of THE WALL STREET JOURNAL July 21, 2005; Page D1 People with certain kinds of brain damage may make better investment...

Im wondering if there is anyone on Elite that is trading from the Keys. Let me start by saying that I am NOT. I live in Chicago but my dream is move or have a home down there where I can spend alot of time. Just curious about your setup as far as what Key you are in and how you feel about the...

When i took the Globex class at the merc. (this was like 4 years ago). They said that posting bids and offers more than 5 deep was bogging down the system to much. If that is still the case I dont know. It seems anything more wouldnt be of much use as even the 5 deep they are showing now is full...

AWWWWWWWWWW .....i like it thunderdog! Jim

Is this Long Capitol Term Management? Sorry j/k. :) i know nothing. Jim

I see your point here Ron. This is something Ive thought about alot. Taxes area constant for everyone so this really shouldnt be included.(IMO) However for Harry Homeowner there is no doubt its a straight 5% off the sale price. Which seems like alot. My mother sold one of her apartment buildings...

Nice. i didnt even think about that!.But the next time Im long a sh*tbox stock and I need to dump it Ill get on here and scream. Hows that sound. LOL Jim :)