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That attitude will not get you far in life, but it will certainly lead to a downfall in trading. If you cannot accept responsibility for the results of your actions, you are doomed before you start. As far as a steadily rising equity curve with minimal drawdown from daytrading, yes it's very...

sub llc of Generic trading

Some firms will take you with just a few thousand, some like echo and bright, you can get in with as little as $10k. The commissions you pay and the % of your profits you keep can vary depending on your contribution. For all intents and purposes, a prop firm acts the same as a broker. You...

It usually depends on how much capital you have in your account. Since the risk is greater with overnights, you need to provide the cusion against a bad gap, not the firm. Some firms don't allow it on the last day of the month for some kind of book keeping rule or something. The size of...

never heard of that one before. Does that mean you aren't allowed to use stops to enter positions either?

I've got two Planar 19" lcd's and they are fantastic. Top of the line specs in contrast ratio and brightness, which I think are the two most important to consider. Brighter and much easier on the eyes than the Dell trinitron crt's I also use. I have the CT1904. I would have prefered a...

Thanks for the link. As a Canadian trading with a US prop firm earning partnership income, I will have to file a US return. Has anyone used this outfit, and how were they? Any Canadians had to file a US return dealing with partnership income, did you have to pay much, and was it recoverable...

Keep in mind one advantage of declaring your trading as income if you still have a regular job. If your trading results in a loss, you can deduct all of it, plus all your expenses, against your salaried income. This could net a pretty big tax return for the people in this situation. Capital...

Tea, are you basing your info on comparisons between data feeds of these two products? Because if you are, you should know that the numbers going out to the data vendors that broadcast SP quotes are delayed by the length of time it takes the pit reporters to input the data. I listen to a...

I also use Sterling and think it's a pretty good product. I have a screen shot of it as well if anyone is interested. www.geocities.com/lescor_1

Newsflash! All kinds of trading strategies work, but not all traders can make money using all kinds of strategies. Scalping works, swing trading works, enveloping works, trading news works. There are traders making money using every one of those strategies. Just because you can't make...

Read the previous posts from earlier this year on it. This seems to be the norm now. Not counting that unreal s&p rebalancing this summer where gs, ups, rd, etc all moved several dollars.

You, me, and without exception, every other trader I talk to.

Just not single stock futures. I opened and funded a futures account to trade ssf's. But I eventually gave up waiting after the endless runaround and conflicting answers about when they will be available. And when they are available, cross margining and delivery of stock against a contract...

How many people caught the comment by Todd Harrison today at minyanville.com? "Would you really be THAT shocked if the S&P is at 300 in 7 years?" Along the lines of what I think the market has in store, but 300 seems pretty severe. But look at the attached chart showing the head and...

It's when you are selling a stock that you don't own or have a bullet on and it's not marked as a short sale and not executed on an uptick. Most professional software doesn't put any limitations on this and if you hit sell, it sells. Your fault if you don't own the stock or have a bullet.

My firm does the same thing. Used to be if it was a mistake, and you covered right away, they'd let it slide. Now any profits from an illegal short are automatically debited from my account and I'm charged the cost of the bullet. It happens occasionally when I try to sell a stock and it moves...

If you are a member of a prop trading firm, you should be able to take advantage of some kind of group insurance plan. Echotrade is offering this to all their traders.

You know, for a guy who puts himself out there as the head of a professional trading firm, you sure manage to come across as a boorish ignoramus. Some of your posts are written like they are from an obnoxious 15 year old. None of the other trading firm officials who post here are as...

I currently use FirstAlert delivered through my clearing firm over Citrix. Works great. I tried it out over the internet from Neovest, and it bogged down a lot when I pulled up new charts. That was enough for me and I went back to the citrix version. Full version, not the thin one.