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I have no idea what type of leverage will be allowed/given. The benefit for professional firms will be arbitrage being able to short the stocks without upticks using bullets to help bring prices in line. Not sure how much they will get out of line. I also have no idea how much liquidity they...

It is currently being redone.

used to be a great filter in 99 but not enough momentum anymore. Robert Tharp

Stops are placed on the NYSE Specialist book--unless your broker has them put on his server. I'd call to find out but 99% of stops go to the NYSE and not the broker. This is the key question I'd have for you. Where are your stops placed for the NYSE? Stops will receive priority...

This is the difference between the good traders with size and the bad traders. The good ones are comfortable with their size. If you are shaking and nervous than you need to get out of the trade immediately. You are not thinking clearly and won't handle the situation as well as you need...

Brandonf Has hit the nail on the head. There is a trader in my office who only trades LU. His minimum order is 5700 and he will go up to 25,000 shares if he can pull it off. His cost is extremely low as he pays less than .0025 per share. He only needs to make a penny to make...

The discipline is a huge one. I loved trading remote. But the difference of driving 3 blocks to an office is huge. By having an office seperate from my condo I can seperate my personal and business life much more easily. When I enter the office I am there to trade. First no...

Hitman was right Proprietary usually don't allow trading remote. WOuld you give someone $500,000 and have very little watch on them ......and you are responsible for the losses? Professional firms such as Echo and Bright allow traders to trade remote.

Ok so let's say you have $200,000. One of the benefits of LLC's is you can take $150,000 and put it somewhere else maybe some real estate , CD's or such. Trade with just $50,000 with the exact same kind of mindset and more buying power than the $800,000 you would normally have...

Some of the ones who didn't are no longer around. All of the firms allow trading NYSE or NASDAQ. They are VERY different vehicles --traders tend to specialize with one or the other.

The other thing to check is are you looking at volume from the AMEX website or your trading software? A huge % of the volume is done on Island which won't be listed on the AMEX website. Robert Tharp

Why Proprietary Well for someone new to the game, why not lose a firm's capital instead of your own? There are also professional firms, such as Bright, Liber and Weissman and my firm Echo that allow you to keep 100% of your profits/losses. They allow use of higher leverage/bullets...

www.tradertax.com was already recommended but also visit the opposite www.taxtrader.com for more info. Study both of these sites and send them emails about your situation. Robert Tharp

Listen to who your dad wants you to hear. Then listen to an CPA who works with a lot of traders. Different CPA's can give very different advice. What you want is to hear advice from someone who works with a lot of traders. For your situation I would want MTM. I can't think of a...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=3122 This was the original thread that was getting off topic. It was started about NASDAQ stocks and why most pro firms tend to go after NYSE instead. DEEMAN great posts. I'll add to this later on in the week when I get some...

Pej I tend to stay away from the general market opinions for a few reasons. First I do arbitrage so I am unaffected by the markets general direction. 2nd when the arbitrage opportunities aren't around (which they usually are) then I trade a heavily overbought/oversold system (which...

Everyone seems to think we are going one way. Notice what happens when the majority seem to feel that way....The Week after SEPT 11th was a great example with all of the posts here saying don't short. Well long term traders who shorted got their heads handed to them if they didn't cover...

Don't forget the .01 a share for listed with one software program or 0.015 for the other platform Robert

Major companies never install a new OS until a SE CD is released. There are bugs in a new system. Don't be the beta testers trying to find them all. Especially if you are trading with that OS. Robert Tharp

Pre I've seen you trade and know how frequently you are. It isn't a question that you qualify. You do NEED to talk with a professional CPA that has worked with a lot of traders. You definitely want to be MTM with your style. Robert Tharp