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Most of the prop firms do not offer adequate software to trade Nasdaq stocks! The handicapping factor for traders is not their ability as much as lack of good software and training on order routing. Here comes another one ... I would not recommend anyone to ever open an account with a prop...

Amen to that! Well said Brandon :)

Just to make sure that no one makes a mistake about it. Prop firm does not take the hit. You do. It comes out of your future earnings. And with outrageous commissions and not being able to freely trade any market you want, you definitely pay for it. In fact, you pay a lot more than it looks...

"And if you are a profitable trader," you will make more money paying $9.95 for 10,000 shares from the comfort of your home and keep 100% of your money :)

I remember once when I asked a put to marry me, I had so many butterflies in my stomach. I choked and had no hedge. Now, she has a contract on my head :) As you can see, I am running out of options. And my future is certainly the question. Will I live to exchange ideas on this board, or...

The advantage in trading NYSE stocks is for the house. i.e. Broker. Small moves = more commissions. Open orders = more commissions. Pair Trading = more commissions. Buying 10,000 shares of Nasdaq stock for a total commission of $9.95 +$25.00 (ISLD - if removing liquidity) and sitting...

Bought 1000 at 39.79. 1/3 position is on. Let's see where it takes me next :) Edit: Check out the block trades afterhours ....

I wanted to see some profit taking and consolidation. I want to look both at the options and stock. If no apeal for 18 months, not too much risk to justify high cost of put hedges. Maximum position for me would be 3000 shares. Thinking of buying in 5 to 10 phases and cost average into it...

Have not bought it yet. I don't like the market, so I'm sitting and waiting :) Have not traded once since the IGEN trade I posted here. Anyhow, this came out today: http://biz.yahoo.com/prnews/020115/phtu036_1.html 80-100 price target ... hmmm ... Maybe a good buy around 35-37...

Here is another investment idea for 2002. "In pre-market note, Gruntal & Co saidit believes IGEN shares could trade up to around $74-$78 following favorable court ruling. Firm does not believe that Roche will be successful on any appeal, particularly since the monetary award was more than...

Yes it does! But believe me once you get there it is as easy as you want it to be. This is the higher level of trading. When you will look at your trading screen and say, "hmmm I would have made this trade and fallen in the trap a year ago, but you won't get me now" you are on your way...

Cash is a position! Go back to the book the Stock Trader. I only traded 16 out of the 20 trading days (in other words I sat out 1/5 of the time). A flat day beats a losing day anytime! This luxury that you think you do not have is what your broker wants you to believe. You will only be able...

No No No. The one with the 5 to 1 is simply more selective than the one with one to one! That is what I was referring to. True, I do a lot of intraday trading and am very active, but the big money I make is on swing trades. But then again I belong in the second category and most of the...

I didn't know that they were regulated. I thought they (their attorneys) make the rules which they follow. I don't run a chat room, so I don't really know. Good Luck Tony

From my experience working with MANY trtaders, you are very wrong! Here is a question for you. You might have posted it somewhere and I missed it, but anyhow, how much money have you paid in commissions last year and how much money have you made? Remeber that evey gross dollar you take...

Pej, I enjoyed the original posts on this thread and our back and forth on the potential trades. I was hoping to do more of that in the future as you said you will give full trade parameters in future posts. Looks like some of your potential trades had very good potential returns, too bad...

Shortee, Read my post again (the PSS section) Sally, I work with dollars and cents because percentages do not hold true for me. You see I can only buy a certain number of shares of a particular stock no matter how much money I have in my account (fully disclosed in my book). Anyhow...

The killer of course is the commission $2.50 a contract ouch! But the fills were lightning fast.

Not a big option trader here, but I traded SEBL JAN 03 Leaps on 1/9/02 lifting offers on both ISE and ASE and posting bids on both as well. Volume 328 contracts (at $13 a pop not too cheap ..) I did about 90% of the daily volume. My report: No ISE backing away and did 75% of my orders...

I don't know about care free, but I know that I am not afraid to lose. For instance, I will be hosting two live trading sessions in NYC http://www.realtick.com/news/signup.asp (Disclosure: I'm not getting paid for it). Although I cannot predict the outcome of these sessions, and I will be...