Search results

Try this: http://www.elitetrader.com/vb/showthread.php?s=&postid=1307983&highlight=#post1307983

Read through some of the older Trader P/L threads where guys posted actual screen shots of their blotters. I personally know about 10 traders, all of whom I've met here on ET and converse with daily, who have consistently made mid 6 figure to high 7 figure incomes from trading for years...

And if a global event causes a flight to safety response whereby everyone wants to own dollars again, the unwinding of that trade will create havoc in the markets and an explosion of volatility that will rain profits like the fall of '08 on those who are ready.

It boils down to what are you trying to accomplish with your trading? Are you embarking on a career, is it a glorified hobby or do you need a job? If you want to be an engineer, you know you are going to go through many lean years where you might have to live at home and work part time jobs...

Each stock opens on the nyse when the specialist is ready to open it. The exchange opens at 9:30, but individual stocks can take up to 10 minutes to open after that. It's quite common for me to have dozens of symbols not open yet 3 or 4 minutes into the day.

Don't be so quick to assume it's a free money strategy. I have yet to see Don post the details of a trade where he's short on the first print and down a couple thousand bucks on the next one, but trust me, that happens. If you think you'll just control your losses with stop orders, think...

What you are referring to is not a job, not even remotely close. They aren't offering you a 'position', they are inviting you to open an account. That would be your own account, with your own money on the line, taking all the risk yourself, making your own decisions and responsible for all...

PG earnings this morning, KMB is related. Know your stocks, lots of potential for land mines during earnings season.

Ok, yer cherry picking quotes there, but the old school way of trading openings still works. I still trade a smaller list of big liquid stocks manually each day to earn some pocket change and get warmed up for the day. I don't read the tape, don't care about the specialist, just trade what...

Echo charges you for more than one login on more than one computer. But you can have multiple accounts tied to one login for no extra charge. They also charge for accidental illegal short trades, but it's more like a couple dollars (has been for me at least). I've never paid anywhere near...

Forget about where your position used to be, what your average price is, where you think it 'should be', etc. It's worth what it's trading at right now. The market doesn't care what you paid for it. Mark your positions to the market every day, don't focus on getting back to break even...

Really? Which pros are these? I know several pros making way more than a couple hundred bucks a day and none of them trade futures. What are you basing your statement on?

Read the fine print of any broker agreement. No one will explicitly guarantee anything. If anything goes wrong, it is always the trader's responsibility. Their software and system may be designed to do what you want, and it may work almost all the time. But if something screws up, it's a...

Nationalized does not mean bankrupt. Even if the common stock is wiped out, you'd have the government now backing the assets of the company. As a depositor at BAC you'd be completely safe. As an equity holder you would probably be none too happy.

No, but the cdo contracts that would be triggered by an AIG bankruptcy might.

Please explain...

Isn't that book almost 20 years old? The markets have changed a bit since then.

It tends to do particularly well when volatility spikes higher. I don't care what the specialist is doing or if he's involved. I've never attached much importance to reading the tape or figuring out why a stock is moving or who's moving it. To me it's just a gap that has a tendency to...

For me, openings go through cycles of really good and frustratingly treading water. I'd say business as usual for me right now. Nothing special, but still profitable.

I paid $5,000/ quarter for institutional research from a guy at MS Howells. He was awesome and his work included daily information that both made me money and was very educational. Being an individual trader, they gave me a deal, most firms were paying $10,000/mo. It is targeted to...