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I'm one of those that doesn't skew envelopes, irregardless of how big the market is gapping in the morning. I figure it's essentially an arb trade. Too low I buy it, too high I sell it. I don't know nor care what the specialist is doing in the stock, or why it's up or down a certain amount...

If your trading gains are classed as income, not capital gains, and you make a decent amount from trading (at least equivalent to a healthy salaried job) then it might be worth it. CCRA recently gave a ruling that daytrading is a business like any other, removing some grey areas when it comes...

I'm running Excel 2007 on a new windows Vista Ultimate os (32 bit). I have a spreadsheet that pulls dde data from esignal. When I open the sheet and update the links, it works fine. But after I've closed it and try to re-open it, it crashes when I try to update the links. Seems I can only...

This is why traditional tape reading is just not what it used to be. You were probably watching bots trade with bots, except a lot of the bots could have been routing to and sitting on one of over half a dozen dark books. There could have been a million shares to sell there and you would never...

37 y/o here. First trade was in 1994, got hooked on Canadian junior mining exploration co's. Never made any money at it. Been full time for 6 years now. I'm more interested in trying to qualify for the Hawaii Ironman now though. Age is what you make it. When I'm 60 I expect to still be...

http://telechart.com/ Been a subscriber for 10 years. Great product for a very reasonable cost.

I don't know anything about Chimera, and not much about Bright, so I'm not commenting on the original post, but the topic of choosing where to trade. I still think that most traders give too much weight to commissions. Yes, commissions are important, and if you trade a lot of shares, they...

I guess with enough traders if people are asking for wires and checks daily it starts to take up a big chunk of the support staff's time. I'm sure it's just to make the process more efficient for them.

You can trade options if you are on the Sterling platform. They also offer HydraTrade and Lightspeed, but no options on them (as of yet anyway).

Monthly

Yes. I did a strategy similar to this when interest rates were very low. Higher rates now though, when combined with the haircut fee most firms will charge you, will make the cost to carry your positions quite expensive. You'd likely have a double digit vig to overcome.

Tuco Trading. I've been with them for years.

This topic has been discussed here quite a bit, lots of people operate with a $ goal in mind and quite when they hit it. I personally think it's a bad idea. The reason is that you are trading with dollars in mind, your trading is driven by p/l. To get to be a great trader, you have to trade...

http://www.elitetrader.com/vb/showthread.php?s=&postid=1307983&#post1307983 This is a post I put up a while back with some basics of this strategy. Decent open today, good on fnm gs ibm. kss & ma were so-so. mrk sucked big. about +$1800

Great witching today, about +$30,000 on a lot of fills. One of my programs that sends my orders crashed as they were streaming in and I didn't have time to get it up again in time, missed some nice fills, probably another 5-7k worth.

I'll have to agree with Mike here. There are a lot of guys at prop shops earning good livings on a modest capital base. six figures+ on a 25 or 50k account is more common than you think. I'll guarantee that almost all of them hate losing more than they love winning. The solid, consistent...

I'll agree with you here. If you have a small account and want to make your sole living from it using only retail margin, then you are battling a fierce headwind and at some point are going to have to give up or swing big and hope for the best. However this really begs the question of why...

Which country's fed hiked by 50bp? I missed that headline. I'd like to trade my $USD for their currency.

Wrong, wrong, wrong. Taking large risks is the only way you'll make it? Where'd you pick up that nugget of market wisdom? The 3 goals of trading in order of importance, are: 1. Preserve your capital 2. Earn consistent returns 3. Earn large returns. These rules apply to anyone...

The best of both worlds, trade from home but with a network of solid traders that I'm always in contact with by IM, phone or squawk.