Search results

What margin? If you work at a prop firm, you dont have to put up any of your own capital and, if you are as good as you say you are, you can trade up to as much as you want! You will not be limited by any $$$ amounts intrad day (except when you're doing MOC's at end of each quarter). At my...

I would be interested in knowing how many active traders there are at Lion's...and when they started the firm...Who they clear through. Since they use REDI+ and are somewhat connected to Generic, I assume they clear through SLK?

How do you calculate your annual ROI (performance) if you dont have a set $$ amount you are starting with as it is at most propr firms that does not require your own capital? I have just the minimum $25K at my firm but my buying power is much greater than that.....over $1M if I wanted. My only...

How can you say trading ...day trading or otehrwise, is random? You and I both know there are some people who conisstently make money, month after month, year after year. That's not luck or coincidence. Take a look at Steve A Cohen's daytrading hedge fund. SAC runs over $1B in assets and...

I for one, can not stand NX. It has cost me thousands of dollars since it's inception. Here is why. Let's say Im short 5,000 of XYZ. ANd there is a 50,000 ahsre on the offer stepping down. A market short, even. I will put my buy stop at the offer...where the szie is. Used to be, before NX...

Actually, I think he had less than 5 days of down days in 2001. No kidding. Just wanted to be on the sfae side, I said 10 days...lol...But this guy is a "freak of nature" as one of his traders said.

I do have a follow-up on money management...ie, setting max losses/gains. I believe that, ultimately, if you are to be a successful professional trader, you should NOT set maximum losses/gains. You should have the strength to ALWAYS make only those "positively expected" trades. You should...

I have been trading for 3 years full time and if there is one thing that I noticed from the analysis of my P&L, it is that the main thing that ruins my weekly, monthly, quarterly and yearly P&L are those few huge down days. I believe that if you can elminate those major blowout days, we can be...

I use First Alert. Ive been on it since 7/1999. It's cumbersome (no more than others, Im sure) but very flexible....it does not do historical back testing. Our firm also uses something called Insight. I have never used it but it can do same things First Alert can do. Since I have not used...

Im sure they are not over-charging you. I keep my own Excel worksheet for all my trading activites and fees. I input my daily data at the close every single day and compare it with my firm's report the next day. The numbers are usually correct to within $1...most of the time, within $0.50...

Mid 6-figures? Are you nuts? Do yu know how many % of daytraders make that kind of money? Out of 700 at my firm, I would guess about 15 to 20 might make that kind of money. About 5 to 8 makes over $1M and the rest ( 650 +) are just getting by, if not blowing up. I once asked an I-banker...

I dont know exactly what the cost of "clearing" is...but, I do know for a fact that people can get "free" commission to trade if they have some amount of cash in deposited in that firm. What this means is that the cost of execution is virtually nil for those firms and those firms make their...

Im at Worldco.

Goldenarm.... What's bullshit? Making $500,000 a year from daytrading? If you think that making $500,000 a yewar from daytrading....you must be working at Alltech and giving away all your pforfits to Harry. Trust me: $500,000 a year from daytrading is very possible.... even today. Top guys at...

If you don't hold overnight positions, I think your maximum profit potential is at around $3M. I say this only because I have seen the numbers for top traders at my firm and the highest was at about $2.5M. Leverage is not a problem.... and I think they are about maxed out at what they do...

Says you will be asked for some trader info when you install the program...so unless you're a bright remote tradre, guess not available.

I noticed the Any Speed and Ping Plotter on Bright's webpage. This is something I would like to have....Do you know if this can be had for free by anyone? If not, does anyone know of any kind of shareare that I can install to monitor realtime my internet "Bandwidth usage" and "Connection...

Is anyone familiar with a tax shelter called Disability Trust? A buddy of mine who is a doctor uses 4 tax shelters: (1) Pension Plan (similar to Keogh or 401K I guess...contribute up to $30,000 per year (2) Malpractice Trust - which we wont qualify for, (3) VEBA/ Sec 419 Death Benefit Plan -...

What is a Ping plotter for bright remote traders?

Perfect environment for trading. Nothing more" Well.....there is one thing more: They have to make a profit - just like any other firms out there. Pick your poison.