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    MB Trading Down

    Up all day here.
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    List of Market Makers

    You're not going to glean much from watching market makers. These days you'll see most volume trading through the ECN's. But if you want to see who makes a market in what stock and the volume go to nasdaqtrader.com and plug in a MM or stock below...
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    The Best Music To Trade To Is.......

    Alvin Lee (& Ten Years After) at Woodstock doing I'm Going Home ... some great guitar in there ... and if you mention Black Sabbath (War Pigs, Paranoid, Iton Man) then you gotta mention Deep Purple (Machine Head, Fireball & In Rock, Live in Japan) Blind Faith, Traffic, Canned Heat, Santana...
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    Why Did Bright Close It's Dallas Office?

    My point is that a "serious" trader will likely come to an office, at least for a while. But .. over time he/she may not see the incremental benefit of coming to the office. Thus, the decision (for some) to go remote. Just as in 1998, 1999, there are still today plenty of people with Ameritrade...
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    Why Did Bright Close It's Dallas Office?

    Okay ... then you're comparing apples to oranges. Not too many "Uncle Fester's" come to the office each day I bet!! If you count all retail wanna-be traders versus guys in an office then you tilt the numbers a lot more in favor of the office guys being successful. But .. if you did an apples...
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    Why Did Bright Close It's Dallas Office?

    Actually some of the guys I traded with liked the "structure" and going to an office each day .. no different than going to a 9-5 job I think. I think some guys may be less disciplined if they trade at home. Being in a more "formal" (trading) environment was perhaps what they needed and helped...
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    Why Did Bright Close It's Dallas Office?

    I'd disagree with the term "babysitter" .. when I traded in an office we were free to do our thing for the most part. The guys who ran the office were supportive and helpful. They truly wanted us to be profitable since they knew if we washed out they had to recruit a replacement "body". No big...
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    Why Did Bright Close It's Dallas Office?

    Okay, you wanted a quote .... Your 2% (of remote being profitable) seems to be pulled out of the air. No stats to substantiate it. Just a guesstimate. And your 50% of profitable traders in an office environment is based on what? Your office? A sample size of 1? Funny that you suggest...
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    Why Did Bright Close It's Dallas Office?

    Agree 100%. But ... it all depends on the trader. I think younger guys have more of a desire and need (i.e. lesser experienced and more to learn) to be in an office. I think that as one gets older the desire for a quieter trading "room" becomes more prevalant. I hear you about the young guys...
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    Why Did Bright Close It's Dallas Office?

    I think a number of people are missing the fact that once a trader is profitable, and making decent money, then he may not want to go to the office any more. I don't know many people who actually enjoy their daily commute, whether it be in NYC, Chicago, Dallas, Detroit, etc. The opportunity to...
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    Why Did Bright Close It's Dallas Office?

    I might agree that a higher percent of profitable show up at an office. "Losers" can more easily not face the reality at home. And losing at an office isn't easy when you're with guys who ARE making $$$. That said, I think the percent of profitable remote traders is well above 2% (assuming we're...
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    Why Did Bright Close It's Dallas Office?

    Well, I too have traded at an office and at home and prefer home. Sure there's a social atmosphere at an office. So what? Successful traders that make money don't need to be at an office to continue to make money. And synergies? Good for some people. But if you have a system that's working then...
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    The Best Music To Trade To Is.......

    More 70's ... Steely Dan, Doobie Brothers, Allman Brothers, Lynyrd Skynyrd, Marshall Tucker, Brewer & Shipley, Cream, John Lee Hooker, BB King, Little Feat, New Riders of the Purple Sage, Lou Reed, Spirit, Ten Years After, Hendrix, Neil Young, Warren Zevon, (early) ZZ Top, Led Zeppelin
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    How much does a prop shop make ?

    1 - If you're thinking of possibly opening an office one does their homework by calling the firm and finding out what fixed (base) costs there are, what variable costs are and then assesses the potential. And you do that perhaps a number of times until you find a scenario that may be worth your...
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    Afraid of getting in....please comment

    "you could lose on any given trade" Hello???? Losing is PART of trading. No trader has 100% winning percentage. Some traders who make a living have 50% wins. If you're afraid of a loss then you're in the wrong business. Trading with fear is almost like trading and hoping (for a profit)...
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    Afraid of getting in....please comment

    Better to rid yourself of emotions when trading. If you have fear then you'll never reach your potential. Think about it .. when a professional baseball player steps up to the plate does he have "fear" of being hit by the pitcher? No, he's confident that he'll get a hit. It's he versus the...
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    (Why) do most traders lose?

    I started full time 10 years ago and back then many new aspiring traders felt they could throw darts and make money. They thought the market was an ATM machine. They all got their rude awakening when they started losing big $$$ trying to trade YHOO, DELL, INTC back in those days. Like deer in...
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    Trading and Dating

    Tell them you manage private money. My fiance has no problems with me being a trader. We've been together 4 1/2 years now. Then again, she was a broker for 10 years (the same number of year I've been trading full time) at Paine Webber and Merrill.
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    Survivor Winner Heads To Prison

    Hard earned money? The fat guy was on a REALITY TV show!! He LIED in court per the judge. He chose to NOT pay taxes. I hope you don't support tax evasion. Gotta laugh (again) at the "hard earned money" comment.
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    the hardest thing about trading...

    Hindsight is 20-20. When you took profits you didn't know if they'd go higher (for longs) or lower (shorts) and thus you had no way to know if you left money on the table. And one can't go broke taking profits. I typically set my exit when I enter a trade. And if I leave money on the table I...
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