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  1. R

    "Bullets"

    The options have a one day time premimum written by the bullet firms. We pay .025 per share for bullets at my firm Rober
  2. R

    Don's openings Part 3

    Liquidity isn't around today. It really sucks when you are up over $850 from your opens you hit the close all at market button and end up just $100 :( Well still positive so I 'll take it Robert
  3. R

    Average holding time for winning trades

    Usually when someone takes a guess of what is inside........ there is a lot of truth in there. You said it. Now believe it and determine why you typed/thought it. Robert
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    Don's openings Part 3

    Unforunately I slept in this morning. I woke up and looked around in shock to see daylight (I'm in CA) walked into the office right at the bell. I need 30 minutes to do research for my opens...check news, charts, and so forth so today was nothing. The 2 traders I've been...
  5. R

    TonySanDiego TRIES to trade

    Tony FDX was recommended by All start Analysts Arthur Hatfield on Monday. You could have avoided this loss by making sure there was no news. Remember that checklist Robert
  6. R

    Remote ECHO Traders

    I'm not a partner in the firm, I have no financial interest in the firm. I am a class B member just as I imagine you are. I joined ECHO about a year and a half ago. For almost 2 years I've watched them grow and prosper. The first year I was with them I can recall about 3 times total...
  7. R

    Remote ECHO Traders

    Majority of traders in this office are doing VERY well. Would I want everyone to come into my office and see people doing poorly? The invite was to see how well they are doing. I'm not posting #'s up as some traders have asked me not to. They have a right to their privacy. Robert
  8. R

    Remote ECHO Traders

    That is one of the software programs used by our firm. It actually is proprietary software as we have had features added to it that no other firm has. There are other platforms that the firm uses. My entire office is on another platform known as Sterling Robert
  9. R

    Don's openings Part 3

    Nice day but not too many fills compared to normal and my buy envelope is set .8% Had two shorts RTN and STM covered them fast and canceled all short orders when futures kept making new highs Had only 5 longs but did well with them.. Net over a point Robert
  10. R

    Don's openings Part 3

    I do agree with DON on one part NO STOPS It's the specialist job to clean out his book. He will clean out limit orders and stops. Stops are guaranteed losers for me while limit orders are guaranteed winners. Robert
  11. R

    Don's openings Part 3

    I trade the Opens VERY differently than Don Bright does. I've been in over 35 stocks at one time. Usually though I average 15-25. I trade off of P&L and reading futures... Perfer not to give out more details than that. Robert
  12. R

    Prop Trader Workstation setups

    We run 4 monitors off one CPU and all on Windows 2000 Professional. If you are running tradestation that should be on a seperate computer/CPU same with email and other applications. My trading computer is for trading only. No other programs are installed. A seperate computer is used...
  13. R

    Don's openings Part 3

    Yep when I had 12 other winners I really don't care about one stock. I trade a basket of Longs /shorts with the futures. Futures started to move lower and when you calculate fair value on HON wasn't anywhere near what it was. HON is a VERY SLOW MOVER. HON has a beta slightly over 1...
  14. R

    Prop Trader Workstation setups

    http://www.echotradeonline.com/locations/index.htm Here are pictures of Phoenix. Robert
  15. R

    Prop Trader Workstation setups

    the firm has provided nice/expensive equipment for our office Digital 17 inch flat panels(which are 19 inch CRT size) , Dell Computers Pentimum 4's with boatloads of Memory. Robert
  16. R

    Remote ECHO Traders

    VVV You have a personal invite to come into my office and meet the 18 guys in here to see there daily P&L, see what they do and so forth. It isn't very ethical for me to post _______ _____ made $20,000 today. Some guys don't want their P&L posted daily and/or wish to be unknown...
  17. R

    Starting Out

    Usually when things are bleak.....if your time frame is 20 plus years is the best time to invest. Investing during 99 would have killed you. Now for Long Term investing is much better. I would recommend opening up the phone book and calling a financial planner. They can show you the...
  18. R

    state income tax

    Las Vegas isn't a state..... Nevada is though. No state income tax and really low property tax. The gambling taxes pay for a lot of things. The one really nice area of Nevada is a small area off of Tahoe called Incline Village. Hope you like snow... Robert
  19. R

    Don's openings Part 3

    No Tony I left my envelope/shorts alone.... HON took forever and I had to hold on for awhile. Glad futures started to drop. Netted .60 total today. Robert
  20. R

    Best places to live for starting traders:

    or San Diego........ for different reasons.... Yeah we have a higher cost of living, taxes , bad morning hours and so forth. .......But we have the beach, nice weather, incredible scenery ( that walks around the neighborhood) , we are finished by 1 pm and an office full of...
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