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Just because real money is involved makes it no less of a video game. At least,it's a video game if you're scalping the orders where your edge is just being the first mofo to hit the button to lift the lined up offers that are sitting in the book yet unable to drive the price down in front of...

Don't know if it's true but it's definitely interesting and very creative.

1500 traders or 1500 accounts. There is a big difference. Between all the prop houses you might have 5k+ accounts. But how many active traders?

Obviously no one knows the answer to this, but I'll throw it out there anyway. I understand why the FED would never do this as they are controlled by the interests of the banking elite, but what if the FED had said from the get-go of this whole liquidity crisis "it is not our job to bail out...

I lost 10 points on 200 shares. Long 200 43.12 I exited at 32.90. I've never seen anything like that happen. Congrats to those who traded it properly.

esignal always lags. no matter what time of day or stock you're trading there is always some lag. obviously wtih something like BSC the lag can be expected to be hueg. The solution is not to rely on esignal as anything other than a worst case backup or as a program to draw pretty charts.

Charging .004-.01/share is a straight shooter? "But wait I get access to huge sums of capital" - yeah for spread plays. Charging a high rate is one thing, fine, but going around and saying that directional trading isn't an efficient way to make money (I guess it isn't... for him, compared to...

Call the firms and ask yourself. The LLCs are earning more than .001 on the trader in most cases, and while you can't get the rate they have from the firms directly since the LLC is doing 20 million and you're doing 1, you can get a lot better.

Let's say a trader does a million shares per month, uses 250,000 BP and gets rate X from a competitive LLC of whatever firm he is under. Let's say just going to the firm directly and not using an LLC will get that trader a rate of X-.001. To go retail, the guy needs $65,000 to get the same...

To the OP, familiarize yourself with the difference between a covered call and a short put.

If you're the best risk manager you can be and not the ballsiest risk taker you won't ever be "the best" but you may the best chance of lasting long term. The journey isn't boring at all, wtf are you talking about. It's interesting to learn how to trade. If you find the journey boring...

yah okay buddy.

Anyone who does this profitably won't tell you anything. ANYTHING.

Isn't "averaging winners" the opposite of "averaging losers", which is the terminology for increasing the size of a trade when it moves against you. So averaging a winner is just adding to a winning trade as it goes in your favor - a very advanced technique. Semantics aside, as far as...

I trade in a skype group with other short-term scalpers who trade similarly to me. We all help increase each other's profitability. When tough times come, or I'm not seeing it that day, having someone else show me where the easy money's at can be an extremely valuable resource.

Um. So if I buy a house, and then later on decide to sell it, I should be jailed? One of the stupidest ideas I've seen on ET ever.

These clowns are so ridiculous. No way anyone with a tradeable and scalable edge in futures is going to share it with the masses. How stupid are people?

Sounds like LRPs weren't triggered, or when they were, you just saw the ECN prints going haywire and didn't pay attention to NYSE. If you had an idea of what was going on it might have been possible to have quickly submitted orders to the specialist where you would be joining him in matching...

Yes you can just trade on ECNs, but the specialist is still matching orders on New York... there are opportunities there, algos can over react and then panic... craziness... gotta watch that NYS print from the specialist, too, it gives information.

Remember though, if halfway through that period the LRPs are re-calibrated, the move won't trigger an LRP. The move must occur during an arbitrary thirty second interval, not "any" thirty second interval.