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Andre, I'm not saying one style is superior to another. Whatever floats your boat dude. And if you taking 1.5cents out of each trade for 2000-5000shares lot floats your boat and you get 5-8K NET income at the end of each month while generating another 10K in commissions then fine. All is...

Yeah, sure. I know what you mean. But if you have really learned to trade, then you can still hold 500-2000 shars for 30-40cents move or more. Why do you have to get out at 1.5cents or 7cents? Trade your strategy. Do not trade money as they say!

Actually even if the prop firm allowed you to hold that long(which none of them would), you should NOT be leverage 10x to 25x on ONE position. Geez. That's just poor money management. You shouldn't bet more than 1-5% of your total account. One false move and you are more than wiped out 25x...

Yeah!! But that's the PROBLEM with the PROP TRADING MODEL!! They RUINED US ALL WITH this penny here and penny there scalp attitude! Luckily, I'm slowly UNDOING ALL OF MY BAD SCALPING HABITS!! If I had the same mentality/correct attitudes that I have now as of a few weeks ago, I would have been...

I think it's actually HIGHER! It's probably over 100%. It all depends on how and when you count failures. Look at some of the Market Wizards. They blew their accounts NOT once, NOT twice, sometimes as many as THREE OR FOUR TIMES before they succeeded. So, how do you count failure then? And...

SoCal Trader, Pretty nice setup. How fast is the scan given its all web-based? No other fees besides the $45/month. Is there a free trial offer? And how many symbols can you scan over? 5000? If it only scans over 100 symbols then it might not be enough. Just wondering... thanks,

vhehn, In another post, I gave the example of PURE INTRADAY trades. So, I'm NOT even talking about OVERNITE position risks. It's about cutting losers and riding winners! And even in a pure intraday basis, I've seen repeatedly that many traders just get out too soon. So, their winners...

Actually I went long 2000 shares of AMR around 1.95 or something. Too bad I got out too soon. I'm still bummed about it!! And it's because of this ultra-short term mentality that makes it hard to hold longer term positions. It ruined me. Luckily, I'm getting back and holding onto winners as long...

OK. True. But long term horizon might not necessarily mean that much more risk. Let's just keep it to PURE INTRADAY trades. If a trader loses $X amount, then stop for the day. Or a position loses $Y amount then automatically get stop out. BUT, here lies the SECRET TO ALL GREAT TRADERS, IF...

way to go mike! ever since i started focusing longer term intraday, my profit per share has gotten up from a few pennies to 20-40cents and as high as over $1(rare but still happens). Trade your strategy! Do Not trade money!

Hey ETers, I don't understand why prop trading firms don't allow longer horizon time of trading rather pure scalping. I think it has to do with just wanting to generate commissions. So, each trader generating 1M+ shares/month at half a penny to 7/10th penny and it adds up to a steady stream...

Oh yeah baby!!! Cha Chingo!! Only if i bought more. MORE! LOAD IT UP!!! BABY!! but I'm OK for now...

toby, do you look over your trades and really really analyzed what went wrong? What could go right? If you don't learn from your mistakes then you are doomed to repeat them over and over and over again. Hey, I know this. I've repeated some of my bad habits for the LONGEST time! It got to the...

Oh my GOD!! Not only that, I flipped and went long! And got out too soon too! SUPERDOh!

prox, pretty FUNNY shiet! LOL! But i think its kinda incorrect analogy in a detailed sense. The equity market is very very very CRAPPY for ultra-short term scalping as evidence by anyone here who trades. Just read all the complains on here. But it's still OK to trade if you are willing to...

http://www.nytimes.com/2003/05/01/business/01CND-SEC.html S.E.C. Chastises Morgan Stanley Chief By FLOYD NORRIS he chairman of the Securities and Exchange Commission has chastised the chief executive of Morgan Stanley and warned that Morgan Stanley could face further legal action if it...

Jesse da man! I should have kept my dow emini future short in the morning. I would have gotten over 110pts/contract!! I covered too soon!! DOH!!!!!!!!!!!

Maybe the CME wanted to SAVE the trading floor so they created this technical problems on the Globex so people would stop migrating over to the electronic platform and depend on the floor? At this pace(volume in eminis rocketing up year after year), in a few years, everyone will trade...

If the CME keeps this technical bs up, then the Eurex/Liffe will come over they will kick CME's ass! The competition will try to point out that they have fewer technical problems and they are up all the time, etc. as the selling point. Blah. Blah. Go free market competition!

mdl060374, That's what makes trading so difficult. It's EASIER to know what to do than actually DO IT! If you read Market Wizards many of the great traders said even if they print their trading rules/strategy on the front page of the Wall St Journal, people would still NOT make any $. Because...