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Good post, Steven. Like I've always said, SMB is a very professional outfit. They are light years ahead of the churn and burn offices that give prop trading a bad name. Just because they are looking to make money from training fees and commissions doesn't make them bad guys. Aren't we all...

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After I realized that the style stopped working and I lost about $15K. Then I hooked up with a group of veteran traders at another firm and finally saw the light.

Lots of posts on WTS. Do a search.

SMB is a very professional outfit but the style of trading that they teach is not a profitable way to trade today's volatile markets. It's a quick way to churn your account to zero. I find that the best, most consistent traders shy away from volatile stocks that are "in play" because the...

If Susan Boyle was young and attractive, she would just be an above average Broadway singer. The original cast member from Les Miserables sang that song better. All the media attention comes from the cleverly edited underdog video and the fact that no one expected an amazing voice to come...

Hmm...no prop firm will hire you so you want to start your own firm? Kid's got balls. Gotta give you that. $49,350 should get you started. Good luck!

Thanks for the input. I know some guys who've done OPG on the big names but they find that when they get filled, a lot of times the stocks just blow right by their entry points and they get creamed because of market exposure. I'd like to develop a basket of stocks that aren't super liquid...

Do all of you use large cap, high volume stocks for your OPG strategy? What has been your experience using less liquid small caps that are not volatile and therefore its easier to manage multiple positions without getting too stressed out?

The morning OPG basket orders is the only reversion to the mean strategy that I've seen work.

Stocks that are in play (earnings, news) that are very liquid and have a multi point intraday range (except GOOG). These stocks tend to change from day to day but most stocks in play will be good for a few days or so.

They were absorbed into World Trade Securities. The "dude" is the manager of the WTS trading floor in New York.

That's a keen observation. I am bullish Hormel stock because everyone will start hoarding cans of Spam during the depression. It's pretty tasty with mayo and bread!

Send a PM to smbcapital He's one of the partners there.

So the unlucky schmucks who are unable to pay their mortgages because they were laid off due to the sheer incompetence of their employers and a struggling economy shouldn't be assisted? And who says this? A bunch of white collar types who had the good fortune NOT to be laid off? What a bunch...

Hey, it pays the bills for many people. The bank doesn't discriminate where the funds came from!:D

You don't get rebates from the dark pools, but there are special ECN routing algorithms that enable you to piggy back off the dark pools and make fractions of a cent better than the inside market. ECN rebates make your transaction costs next to nothing so you can benefit from this type of low...

The $1500 training fee is optional but highly recommended. Experienced traders don't have to go through the training. The training really focuses on their style of trading that involves dark liquidity pool rebate trading.

Most day traders lose because they are unable and unwilling to cut their losses quickly when they are wrong. They hold onto losers or average down into them and hope for the market to bail them out. This doomed strategy results in a negative expectancy if thousands of trades are made. The...

ROFLMAO!!:D