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Two relatively busy days to start the year, both nicely green. As far as betas, they make a very small difference most days, a couple pennies. Since the beta is multiplied by the size of the gap, they become more significant on big gap days. I calculate my own beta #'s over a 6 month time...

Tough for me to post screenshots of everything as I trade from as many as 6 accounts. Great start to the year though, +8100, traded about 230,000 shares, which is a lot for me. Hope this is a good sign for the new year.

non-marketable orders for nyse stocks, does ib's smart routing just auto cancel and replace every 4:50?

767 longs 851 shorts

I'll start off 2006 with a review of my 2005 trading of this strategy. I've posted my annual results the last few years in the spirit of the thread. 2004 results are here: http://www.elitetrader.com/vb/showthread.php?s=&postid=658387&#post658387 I trade the strategy 100% manually aside...

http://www.nyse.com/marketinfo/hybmarket/1127349068564.html

I could use that vba code too if you guys are passing it out. I want to do the same thing Don is asking. Thanks.

There are deals out there with half a cent per share or better, virtually unlimited buying power and 100% payout. The only way I can see that the firms you are describing could possibly stay in business is by relying on their traders never finding out what else is out there.

Are you saying you don't find it that hard to average 5 points a day in the ES contract?

Most, if not all, prop traders let their account grow to the size they need for the strategies they trade, then sweep excess profits regularly, like every month end. That's one of the big advantages of prop, you can put excess capital to work elsewhere and still trade without the limitations...

I have sat next to some seriously good scalpers. Fast fingers, lots of trades, not much thinking. Ask yourself this. Would you rather take 5 trades a day to make 50 cents/share, or 100 trades/day to make .05 cents/share? Not saying your way may not work better for you, but don't assume...

Financial trader is what I say. If I don't want the usual follow up questions I say "I buy and sell stuff on the internet"

Ok, so what's the % return of someone who made $500, but has put up no money of their own? Many prop traders start with zero and trade the companies money. Some put up a token amount. Either way, the buying power is available to trade much much more than their equity balance would indicate...

I try to be at my desk at least an hour before the open. Lots of times I just wake up early and am in an hour or more before that. From 30 minutes before to about an hour after the open I'm very busy. Then the rest of the day I'll get up every hour or two for a snack or to pester my wife. I...

Spunky, how do you feel about landlords who rent space to businesses? What about a place that sells tools to contractors, or people who sell advertising? Do you find it upsetting that these people are making profits off the back of other business people? Professional traders are running a...

Can you sign up for multiples of $20k? A 9% vig isn't that hard to overcome. Put me down for a 25 lot!

You're going about it the right way. Good organization, record keeping and goal setting are under appreciated, especially by newer traders. I'm working on my 2006 strategic plan now as well. cheers

Arbitrage just means you are playing the relative valuation of two or more instruments. Pairs trading is a type of arbitrage.

You're just doing that stuff now? Where ya been the last two years? ;) Just kidding (kinda). Hope your program kicks some butt in '06 and you finally take more than a nickel on all those winning trades.

If you're doing it right, it's kinda boring.