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    Is making a $100,000 a month prop/retail trading

    Is it: Possible... Yes, of course Likely... No, of course
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    Genesis PM Spamming

    Anyone else getting this stupid Genesis Spam in their PM box on ET: ----------------------- From user: noisebasement Subject: genesis retail hello have you heard of genesis securities? we are currently growing our retail prop hybrid base. With only a 5K account, you can get 10:1...
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    Scottrade streaming data off?

    You still use Scottrade? Thats your real problem.
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    ECN Rebates

    It all depends if you add or remove liquidity. If you remove often, then an all inclusive deal is better.
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    ISLAND/INET down?

    Yup, they're down with everybody. They're having major problems at INET today.
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    Why Trade, if you can buy mutual funds?

    No load funds still charge management fees, 12b-1 fees, and other fee expenses. There is no such thing as a no fee mutual fund. they may not charge a sales fee (load), but there is always other fees.
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    What posts make the true old pros laugh?

    Easily it is the overall negative jerk attitude that many have. Especially when someone tries to explain what is working for them. 20 jerks will immediately come out of the woodwork telling him how hes wrong and its not possible. I think the negativity comes from their own personal failures...
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    Direct ECN Order Routing (which brokerage should I choose)

    You can use any broker that allows you to route out on INET and ARCA. Most so called "Smart order routers" just use those routes anyway, since they will route to any ecn or market maker if they cant fill you.
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    800k to lose jobs next year due to housing

    These estimates are always so amusing to me, where the hell do they come up with a number like 800k?
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    Direct ECN Order Routing (which brokerage should I choose)

    How many shares do you usually trade per order? That will come into play whether a per share or per trade deal is better for you.
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    Pinksheet, OTC, OTC.BB

    Pink sheets and OTC-BB are different. They are not the same thing.
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    What tax forms do prop firms send to IRS for non-US customers?

    US companies do not report to foreign governments. Why would you possibly rock the boat on that? Your gov't will not know about any gains you make. If you filed for a US tax ID because you want to pay taxes, you would have to be pretty dumb.
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    This gets me so angry....

    CNBC is fine to watch, I watch it everyday all day, but if you're trying to trade off it, you're probably clueless. The bashing of CNBC in this thread is silly. CNBC is news and its entertainment, take it for that and that alone. It makes no difference what their tone is regarding the current...
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    MB Trading Question

    The answer the way I understand it is yes. Regardless of long or short, you should pay margin interest on any amount of stock you are holding in excess of your equity. It should be based on total market value held. Ex. You have $10k in equity (your money). You hold $10k long and $5k short...
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    Pattern Day trader rule

    I'm still here. From time to time I still throw my 2 cents in (which is worth only about 1 cent). lol
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    Pattern Day trader rule

    This site explains that rule: www.patterndaytraderrule.com The rule applies to stock and option trading.
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    DMI/ADX consistently works

    I see this thread popped up again and I have been getting some PMs about this. The answer is yes, I do still use the DMI/ADX indicator for intraday trading. I still use it pretty much the same way I described at the beginning of this thread.
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    Can others see my stop loss prices?

    If you have a good software, they will not see your stops. For example I use the DAS Trader Pro software and all the stops are server held, so nobody sees it until its ready to be executed.
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    DMI/ADX consistently works

    Yes, through the course of the thread it was determined that the way I use it is somehow differnet in how my software plots the ADX (DX) line. It's the software offered through www.Realfasttrader.com . If you try the free demo on their site, it may make more sense if you follow my orginial...
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    Can bad ticks trip stops?

    Only in a crappy software. Any good software should check the time & sales AND cross reference the bid or ask. This double check should virtually eliminate and bad stop triggers.
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