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  1. L

    Sodomy, anyone?

    This reminds me of a hilarious phone-in on a Calgary radio station. It was a couples contest on valentines day for a trip to Hawaii. They got the husband on the phone and asked him where him and his wife last had sex. Then they called the wife, and if she matched his answer, they won the...
  2. L

    Specialists scrapping for every penny

    Hey fucknuts, I said I tried it to see if it worked, not that I made a habit of abusing the system.
  3. L

    Specialists scrapping for every penny

    That odd lot rule was a massive loop hole for someone who knew how to exploit it and wanted to take the risk of getting their pee-pee slapped. Picture this. News hits a stock and the specialist freezes the book 1x1. Meanwhile ecn bids are stacking up and are crossed 50 cents higher than the...
  4. L

    Looking For My Computerized Ecn Arb Competitors

    Do you really think there's only one?
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    Start-Up Hedge Fund Question

    I guess first of all, we should be clear on how we're defining prop firms in this discussion, because it's a common source of confusion. There are two models. In the first, the firm rigorously screens potential candidates and hires them as employees, trains them in the house's specific methods...
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    Start-Up Hedge Fund Question

    Yes, you pay interest on the leveraged money you are holding overnight. But the interest is peanuts compared to the haircut fee, which is what the firm charges you as a "risk fee" or something like that. It usually kicks in when you get leveraged greater than 6:1, and I think Bright charges...
  7. L

    Trading versus other businesses

    I don't call that increased productivity, I call that churning and poor money management. I was thinking of situations where you'd hire an assistant or have an automated program created to trade certain proven strategies so that you can move on to other ideas.
  8. L

    Trading versus other businesses

    Was there an implied question in your post, or are you just making an announcement that you'll be trading full time soon? I ran a business for several years before trading fulltime, and it definitely helps to have a business attitude to trade successfully. You analyze your trading like any...
  9. L

    trading damage

    Milkman rubs poop on my cloud. Smootch green puppy last wednesday? 94 apples in my shoe. GOATS! I swear you get more insane by the week.
  10. L

    CNBC's Bartiromo Leaving Morning Show

    Still the best babe ever on CNBC http://www.everybodylovesemma.com/Images.htm
  11. L

    Day Trading under $25k...

    No. I keep my daytrading prop account at $15k and pull $6-10k a month out of it consistently. But my buying power is well into the millions of dollars and I use that wisely. Making a living on $15k with 4 or even 10 to one bp would be tough, for me at least.
  12. L

    Day Trading under $25k...

    Why do you traders running into problems with the $25k pdt rule not just open an account at a prop trading firm? Most of them will let you start with only $5-10k and give you way more than the 4:1 buying power the sec limits you to. All you have to do is pass an exam or three, and they're not...
  13. L

    SSF: What would it take for single stock

    Make them fully fungible between the contract and the common stock, and make them more widely available. I'd love to try arbing them against the stock, but I haven't found anywhere that will let you short the ssf and deliver common stock to settle the position. When they were introduced...
  14. L

    Assent LLC

    I believe that there aren't any more "sub-LLC's" under Assent since shortly after the Sungard merger. There are still seperate offices and groups, but they are all directly under Assent/Sungard now.
  15. L

    Why trade stocks , when you can trade currencies

    Sorry pal, but you are WAY out in left field on this one. I personally know several guys netting over $10k a month day trading stocks and even a few in the mid 5 figure range. Your comments indicate that you are either a) ignorant or b) fishing for washed out loser traders and hooking them...
  16. L

    Canadian stocks-where to find them??

    What kind of stocks? If it's junior exploration stocks and other small venture exchange traded type stuff, try kaiserbottomfish.com
  17. L

    Nyse Open Book ?

    It's vital if you trade very thin stocks, because the size shown in those issues is usually real. For large stocks, agreed, mostly useless.
  18. L

    the Fed's constant maturity rates

    Is there a symbol to get the 10 year constant maturity rate? From what I can see, it's calculated daily by the treasury. On the web all I can find is historical monthly numbers. Is there a web site that publishes it daily? I can't find a symbol in Esignal. I assume Bloomberg would supply...
  19. L

    19" laptop

    They're going for 1900 to 2100 on ebay, where I got mine. Retail is about 2800. I got the 3.0ghz chip with 1Gb ram, 80G hd, 800 front side bus.
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