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Correct. Commissions need no longer be a factor in determining your decisions in regards to portfolio construction.

If you can't make a living with 2 mill BP then you suck as a trader. Hell you can make a living with 250k BP. 2000 shares of $125 stock, catch a 25 cent move every day and that's $125k per annum.

Jackpot?

Uh you're 3 pennies out of the money and down 2k? So each penny ABK moves is $666? You have the cajones to buy 66k shares of this thing and then need to come on elite and ask if you should take a 3 penny loss? LOL! Something makes me think those 66K shares are on the sim account.

LRPs don't really keep any daytrading strategies from working. if anything, they encourage more add-liquidity mean reversion bots, bots which inevitably leave free money on the table for savvy daytraders when there is real panic and the extreme move isn't a fade. It also makes it easier to get...

Don't you think you're being a little too hard on the guy?

It sounds like they're cracking down on the firms employing the hybrid-retail no license required structure. Is Tuco doing anything that a million Assent, Genesis, Schonfeld, etc. LLCs don't do?

No. What happens is every 30 seconds, the LRPs are calculated 20 cents away from the inside market, on both sides. If within those next 30 seconds, the market trades to either LRP, then the specialist will temporarily take over and "match any imbalances." He gives himself a good fill. If...

Fed Fund Futures

Sounds like you are on the right path... but also sounds like the market's going to give you a smack down pretty soon. 5 weeks you just can't possibly know shit. It's good you made strides but in this business you always have to change strategies and things can stop working very very suddenly...

You really think it encourages more shorting? I think the only effect it has is it gives shorts better fills on their large orders and it keeps long sellers and daytraders from front running their orders.

What's wrong, used too much leverage on your "hedge fund"?

Wtf kind of crappy firm is that you're trading it? I always bail with a few cents loss, but how many cents "a few" is depends on the stock. Different programs make it harder to manage risk than others. With some of them, yes, if you miss the out you're fucked. In thin stocks, the programs...

I look for inefficiencies in an all-computerized market stemming from two programs not having an awareness of each other. Example, there's program A - a buy program - which, when it comes in, will sit on the bid for 30 seconds, then cross the market through 10 cents, sit on the bid 10 cents...

Your logic is backwards. You should assume IB is guilty until proven innocent. IB is a broker/market maker. They will do anything they can to take money. If you are stuck with 100k of stock in a thin name and you get a margin call, you think IB won't short in front of you and then have you...

youre not supposed to be posting in this thread.

Beat Jan by a little... happy... still fell short of goal by 1500. What a disastrous start to the month!

Why let the fact that a theory which you had about how price action works is not valid bother you emotionally when you didn't spend real money to learn that it doesn't work? Not a winning attitude my friend! If I were you I would be grateful I didn't lose money and eagerly absorb all I...

If we don't incarcerate the drug dealers harshly, the black market illegal drugs don't have high prices and the government can't get its steady flow of cash money from the war on drugs. I'll bet at least half of those prisoners are in there for drug related offenses. Prison is a business.

What you're talking about is called reading the tape.