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Not all prop firms are strictly for day traders.

The real story of course is if GM's debt is downgraded to junk. I believe it's only one notch above right now. That is the event that would open the floodgates of pain on the whole market, not just GM. The automobile sector is the largest borrower in the corporate debt markets, and GM is the...

Besides myself, I know only a couple other traders who trade openings consistently. The ones who've had continuing success at it have been doing it for years, have the process down pat, know the stocks and are comfortable handling size on multiple positions that move very quickly. In other...

I am on a swing out to the west coast for a few weeks of trading, working on new projects and surfing. When I get back, I have a new Dell workstation to set up. 1 GB memory, whatever dual video card came with it, and I have a couple matrox G200's to add. I'm also going to add some accessories...

DOW was brutal today, not a single tick in my favor. Lost $1800 on that guy.

The monitors are mounted on an Ergotron Deskstand 100. 5 monitors is the most it can hold. The gaps come from the way I like to have the monitors angled. I also like them as low to the desk as possible so I don't have to turn my head up too much to look at the ones on top. The monitors...

Finally got the new office setup. A few more details to finish it off, mainly hiding all the cables. Also going to mount the lcd tv on the wall somewhere. This is pretty much the setup I've dreamed about for 3 years, so I'm pretty stoked on it.

Up until the stock is open for trading. However if your order is sent less than two minutes before the stock opens, then you cannot be guaranteed a fill. You can even send an OPG order for a stock that has been halted for trading and re-opens mid-day.

Yes, I sit through lots of shakeouts. How much depends on my familiarity trading the stock and the action on the tape. I averaged 5 or 6 fills a day for February, which I am quite comfortable handling. More than a dozen and things start to get tricky.

I'm done for February, since I'll be travelling Monday. Traded 17 out of 19 days $12,600 gross $8,300 net 83 fills. 42 long, 41 short 44 wins, 14 scratches for a 64% win rate Average fill rate 7.1% using a .7% envelope Average size about 4,000 shares Only two losing days, but...

Sometimes I will put in a 100 share order just so I'm involved and can watch it. If it looks good, then I will pile in, if not, no big deal. If I don't do that I'm often too busy with my regular fills and I forget.

It's more a journal on the strategy. Don started doing it a few years ago and I guess he thought he owned it. But some of us own Don now. :p Actually, he's been very generous in sharing and the regular posters on these threads are a helpful bunch.

Maybe you have to go to the advanced boot camp to learn about expectancy. Seriously, 4 cent wins & 10 cent losses just won't get you anywhere with openings. For one thing, you can't use rigid numbers like that. The liquidity and volatility of stocks varies too much. My lowest priced...

I started out swing trading, switched to day trading, now do both. I daytrade 50,000 shares in the first 20 minutes of the day, then enter swing positions on the close. In between I will do any kind of stock trade that pops up, from a 2 second cross-market arbitrage, to researching and working...

I have $29 million in buying power in an account that I keep between 25 and 35 thousand. Prop vs. retail is not really comparable for your question.

Shreddog was talking one-side (position size). My response to him was the same. For my own stats I use per share traded total (round trip), so divide the numbers I mentioned by 2.

Those are excellent results. Cents per share traded is a good measure of efficiency when taken in the context of how many positions you are managing and if you trade hands-on or are very automated. Your 4.4 is superb. Over the last two years I've averaged about 3.5 trading a similar number...

ECN's- yes, but only when I need to bail on a bad trade as fast as possible. It depends on your software, some packages make it too cumbersome to route specifically, quickly. When I need an immediate out, I spray orders to all the ecn's and nyse with a hotkey. Regarding PG-G- yes, you can...

Yes, I was just typing the same question. Over 3 1/2 million shares on, well over $100 million in exposure. Who lets you swing that line, and how many hundreds of g's do you have to be down before they boot you out? With that size, your P/l would be swinging by 10's of thousands of...

PG will continue to trade as it has in the past. G, however will now be pinned to PG's price. I have G and will be removing it from my list (too bad, he was a good performer). However if I get filled in PG, I'll immediately pull up G and watch him for a possible hedge if needed, or fire...