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Well, some of us will anyhow. :D With 1% of your worth, I'd have enough to last a lifetime! Don, at least you aren't pretentious! :p

You stated that the specialist/open outcry system, which has been the basis of the NYSE for over 200 years, was crooked (and that the specs should reimburse everyone they've "ripped off"). You don't think that implies the NYSE system is evil? Meanwhile, you said nothing about the nasdaq or MMs...

it is VERY common. There was another thread that kept popping back up about what people tell others about their profession. Some of the posts were hilarious. Perhaps someone will dig it up and post the link. I really don't care what Joe Shmoe thinks, but it is ashame that many HR people will...

i'm very glad i went and that I studied what I did, but my college education has had no bearing on my trading whatsoever.

Yah, ok there stud. By the way stretch, I didn't say seven, I said "SEVERAL." Learn to read sport. Yah, you've been at it long enough to know that the NYSE is a gov't entity that robs the little investors, while Nazdaq is a benevolent, charitable institution. I'm doing fine trading...

can there be a worse name than....GENERIC

You're hilarious. You make stupid remarks, reflecting how dumb you are, and then you call me an idiot. I've been trading for several years buddy (which is probably longer than you), and the slippage is worse on average on Nazdaq. The spreads are bigger, and the volatility is greater. So even if...

I have traded news events, and the halt actually PROTECTS the small investor. Since the average investor is not steadily watching the market, and some who watch actively have slow quotes or news (not everyone has Bloomberg). If you were a small investor, or in some cases an active trader who...

I'd have to agree. It doesn't matter how well you do in prop daytrading, it gets no respect from nearly all HR people/companies. If you can take a good FA job, that will serve you well later, while trading will always be there.

This sums up the total ignorance of the system. First, the NYSE has gov't oversight, but it is not a gov't entity (so specialists aren't really state/gov't sanctioned). More importantly, studies have shown that investors have long gotten better prices on the NYSE, where spreads are smaller. The...

have they actually closed down their prop yet, or made an announcement, or is this speculation?

everyone knows that ETRADE is still open. The question is why they folded their prop business, if they've done so already.

true, this doesn't help the public at all.

How so did he mean this?

IS E-trade done with daytrading or not?

China to Relax Yuan Dollar Peg, People's Daily Says (Update1) May 11 (Bloomberg) -- China will loosen the yuan's fixed- exchange rate for the first time in a decade, according to the online edition of the People's Daily, a Communist Party-owned newspaper. The paper didn't say where it got...

but how can a hedge fund or two going down tank the whole market that much. I mean, we've seen billion dollar restatement have less of an impact, and this is supposed to be something like a $500 million loss, right? I'm sure I'm overlooking something.

if people can trade RYL, PHS and COF, I'll be really impressed! Those chop a lot of traders too, including me lately.

Why wouldn't they take a European Degree?? Aside from the prestige of Oxford and Cambridge, some of the best math and science comes out of European universities (as well as India).

Interesting! Thx for pasting the article!