Search results

Bottom line is that even when the book is not deceiving you (traders aren't backing away and painting the tape, or the book isn't being updated so slowly that it's useless), THE BOOK STILL CAN and WILL NEGATIVELY ALTER one's trading sometimes (usually more times than not) just by giving someone...

I've used it for months, so it can't be said I dismiss it without trying it. Yet, it is only a little better than useless. Many top traders (traders who will likely make $1 million plus this year) do not use it or hardly use it. As was said, in thicker stocks it is pretty useless. However...

Yes, and it is partly based on your performace. If you are not doing well, the rules are strict. If you are doing well, the rules are much more lax. But of course, if you are doing well, you would be doing even better in retail, and you don't have to worry about how much freedom you have till...

What were AB Watley and Onsite doing?

So true. As a matter of fact, salaries are out. Virtually no firm gives a salary. In fact, almost no firm gives a stipend or even a draw anymore. And many firms give even less vacation time than that now.

Exactly! If you have confidence, go retail!

I wish that's all I paid!! I'd kill to have 50% of my gross YTD.

How close is he now? How much has he improved?

Not all is bad with props, but ultimately you probably are better off in retail because you ARE risking your own money in prop firms (whether you put money down or whether you eventually make money which the prop turns into money at-risk) and the commissions are much higher (while you only get...

NAS stocks tend to have more movement and good scalping opportunities.

I saw Tony in NYC at the expo. He seems like an OK guy. However, while he is not big into self-promotion, he makes money through the others (like Real Tick) that promote him (and ultimately they make money promoting him). He even had admitted at the expo that there was a terrible trading video...

Or just maybe this system is the perect solution, and everyone is over analyzing it!

Some of my best trades have come when I was accidently short or long a stock that I thought I was no longer in (or I thought I was the opposite direction in). I have to wonder if the inventor of assbakwards didn't get word of my experience. I have even suggested this contrarian approach to...

True I guess.

Dustin, did that just earn you an extra .05 cents off your commission?

The everyday problems are on "their end" (with the software companies) even though everyone you know trading at home with the product is not having any problems.

As a prop trader, I can say that MVP's no.1, no.2 and maybe no.9 are so true! VOLUME'S no. 1 is also so very true. Funny and true thread!!

Anchor suggested that you look for a firm where you don't have to put money up but to avoid a long term contract. I think with virtually every firm you have to make a choice between these two. Either you sign a long term contract or you put money up. As far as firms that pay salaries or...

I don't know if Broadway was composed of "BS con artists" as Blackwood was, but there were definitely a lot of guys who made extremely good money with them between '97 and '00. I wonder if there book, Day Trader Secrets (about there successful traders), is still in book stores. That'd be a...

It was nice if you traded the heydays. It's rough now (as most know). But if Swifttrader has enough to keep him set for the next 20 + years, why bother fighting this market for the big gains he feels are necessary to make it worth his time, gains that are extraordinarily difficult to achieve?