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Ok...here we go again....I bid 350 FOK....FOK! I hope your trading is going well!

If you are going to plug into a system, ensure you plug into one who has traders that are getting consistent results and those results are or can be duplicated by other traders. No one wants to reinvent the wheel, but you should kick the tires a few times to make sure it works. Doing a little...

My commissions can run 20 to 40% of my business costs. However, I am focusing on maximizing my volume because what I make is tied directly to the amount of volume I trade. The more volume I trade, the more money I make and I have seen this pattern in my numbers for several years. Focus on...

Where is the future in trading then? Inquiring minds want to know! :)

I agree with you on the exam....certainly one giant waste of time. The best route to take, IMO, is to treat trading as a business. That means, do some research, get some education, find a mentor, develop an edge, and create a business plan. While this won't guarantee success, it will...

Someone who just started trading this summer might think that the market recently has been chopping around quite nicely. For those of us who had the good fortune of trading a 50 vol market, we think this is a dead market. What it comes down to: Perception is reality. The reality...

I faced a similar situation a few years ago. I was unable to make money because I lost my confidence, and my edge was gone. I found that Tony Robbins Get the Edge helped me get back into the game. I am sure you can pick it up on Ebay. My results? I am a better trader today than I ever...

That's the right attidtude to have. Once you know how to trade, no one can take that away form you. Work hard, Build your stake, and then you can negotiate a better deal. Everyone pays their dues in life, trading is no different. Congrats on being one of the few who made it. Continued...

You can't make a living trading 10-1 on a 5k account. You are better off getting a stake together, have another source of revenue to support you while building your account, and get into the game that way. Please don't fall for these "bucket" shop type deals. 5k is no where near enough...

I have been screwed over by too many hand shakes and someone's word before, at least with a document, you can raise some hell, and cost the other guy some money! In this case, Arbitration proceedings offer quick resolution, and that's why you need to have your deal documented. With a...

I think it is safe to say get your deal in writing when dealing with any firm. My econ 101 teacher said it best, (He was one of the few who actually became a millionaire first, then decided to teach second!) "IF IT AIN'T WRITTEN, IT AIN'T REAL, IF IT AIN'T SIGNED IT AIN'T A DEAL!" I think...

I was lucky today....I did have JCP...JCP is a bastard when you're wrong. +4743 this AM, I risked at least that much to get there. I knew I wanted to short the open today, I even sold the S&P futures on the open, so why did I even bother buying equities? Sometimes I think we get so locked...

"Effective Oct. 1, 2005, or 30 days after the date on which the Commission receives its fiscal year 2006 regular appropriation, whichever date comes later, the Section 31 fee rate applicable to securities transactions on the exchanges and certain over-the-counter markets will decrease to $30.70...

I say they cut by 100 BP!

I didn't buy the open, but was long within an hour or so. Nice trade, TheKin and all else who joined. Good trading! Mike

I would love to see that trade....catch a 30% down move with a .10 stop. I just don't see it happening, but good luck.

Crude has an impact on my trading. Oil stocks are moving on crude, and the S&P moves as well. IMO, this should effect nearly every trader out there.

Today, I had an error and couldn't send orders. Usually this is bad, but, it seems the trading gods have shown favor on me this day. As for the specialist not showing their hands on the imbalances, I don't see it as a big deal. We will just have to adapt and change our strategy! Does...

Electric trades, he might not trade frequently, he still trades. He is a big picture guy, while most are focused on the next quarter, he's looking at the next quarter century. Never underestimate the power of compound interest and time. I figure he will be doing quite well a few years down...

That might have been one of the most valuable posts put on ET in a long time. You did your homework, gamed the trade, and made some nice cash. Nice trade! There are not many on here worthy of respect, but I must give credit when credit is due. Continued Success! Mike