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Again my fat fingers are the cause for the caps sorry. I am very happy with every response I've heard, they are much appreciated. I dont know what the ansewer is but i know I can be succesful in trading, thats how i made the money I have now its been good to me. I think part of my problem is...

MOST OF MY EXPENSES ARE REAL MORTAGE, TAXES PHONE BILL GAS ELECTRIC ETCi DOWNGRADED MY CELL PHONE AND CABLE SERVICE BUT STILL HAVE HIGH OVERHEAD

I APPRECIATE YOUR INPUT THANKYOU. UNFORTANATLY MY BILLS ARE $6000 A MONTH THAT INCLUDES MY MORTGAGE AND TAXES, SO A PART TIME JOB WONT REALLY HELP.

I'll try to ansewer all those questions.. Iceman1 I was a mm in N.J.Yes my wife is on board and will always be. Its hard for her to work because she takes care of my daughter who is only 2 years old,and relatives all live out of state.I HAVE SAVINGS WHICH IS HOW i FEED MY FAMILY NOW BUT THAT...

BSAM.... excuse my fat fingers, I've been a MM for 8 years, Im not sure why you say I dont understand price action. Ask me any question you want and I'll ansewer it to the best of my ability.

Thanks, everyone of you has a great point. I guess the hard part here is that I beleive i can do well , which is why Im still doing it, but the immediate need to get a check is clouding my trading ability, so i guess until I get past that Im going to suffer.

I have some money as a back up to live on but I have'nt taken a check in months and as the saying goes even a rock will crumble if you chip at it night and day. The problem is I dont see light at the end of the tunnel yet, and the firm I trade at does not really offer training

I was wondering if anyone can shed light on the subject of fear in trading. I'veworked in the business for 15 years the last 87 as a marketmaker, I've done well, but like the rest of the trading world I was a victim of downsizing.I've been day/swing trading for the last 5 months and hav'nt made...

I've been a mm for many years, until 2003. The MM as we know it is dead. Yes there wil always be a need for a human to provide liquidity and stand ready to buy and sell, but the head count will go way down (where there was 200 traders there will be 5). The black box method will prevail and firms...

highlandercrew , understand that everyones situation is diffrent. I think if in your heart you want to trade then go for it and dont look back. I also came from the corporate world as a market maker for the last 15 years and beleive me they dont care about you. I dont think at this time your...

I think market makers are a dying breed, I was laidoff for schwab capitial markets 1 1/2 years ago, most traders i worked with are gone too

I dont think it will matter since you have industry exp. I would just state that you were daytrading to sharpen your trading skills, since you were a MM you wanted to trade from the other side, it can only make you a more experienced traded

Before I became a prop trader i worked for major brokerage house as market maker. First step is you must be registered series 7, 55. If you have those and a proven track record I beleive you will do well in interviewes.Also most firms like when a person makes it on their own first like yourself.

Do you mean a job with a company, or on your own? It would depend on those two questions.

Swish, good public service message .thanks

NO way. Its nice to have money but without my family to enjoy it with its useless.

to ERTRADER1's response. I stated I was in the business 15 years not a mm for all those years. I made 7 figures as a mm I think that i was a LITTLE succesful? I"ve been in that business long enought to know mm and daytrading are very diffrent.

I trade just equities mostly nasdaq, I was a nasdaq mm

I trade with some of my money and some of prop firms money.

thanks for the feedback, many good points made. I was successful at maketmaking but its diffrent than daytrading.I know how to trade but that added pressure makes some diffrence.