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Game Theory huh... You might wanna look into the Bertrand Equilibrium, not the Nash Equilibrium. Since Nas assumes that all competitors will work like a team, or collude. While Bertrand assumes that the competitors will cut each other´s throats at the first chance... If you look at the...

that sounds very good.what kind of method do they teach, scalp, position, technical?

utility = income - costs.

Good point Man. In economic terms its the law of decreasing marginal utilities that catches up to the scalper quite quickly, entering part 5 of the utility curve where he starts losing money as he adds more volume. It doesnt take too much volume per trade for the scalper to affect the...

I usually start getting nervous once I´ve moved over 10% of a stock´s volume during the day... on low volume stocks of course, not on bue chips...

Hedge Funds need to move huge volumes, it takes them several days to step in and out of positions. The only way it could work is if you ran it like a prop shop where you have hundredths of traders scalping different instruments simultaneously... but then your operation costs might significantly...

Hmm... so the specialists are now free to trade as they please... it´s a good thing we still have ECN´s to excecute. On high volume stocks where the hibrid market ecns and/or direct+ manage most of the volume this wont be a problem. But it might be on lower volume stocks where most trades...

Granted however, if the Office owner was a greedy bastard and told the trader his 10-15% was the most he was gonna get... Now you´re getting the picture. The big problem here is that the trader cant move to Canada, since Canada wont let him in. And they keep traders on a low enough pay...

Quite an interesting thread fellas... speaking of Wikipedia here´s an article on the subject. Enjoy. http://en.wikipedia.org/wiki/Scalping_%28trading%29

Quite an interesting thread fellas... speaking of Wikipedia here´s an article on the subject. Enjoy. http://en.wikipedia.org/wiki/Scalping_%28trading%29

What I dont understand is why are the other prop firms looking at this and not doing something about it? I like swift and all, but I really think that they need competition in the international arena... for the traders' sake.

Yeah I did some research on the guy last year... he´s got quite a story...

By Stephen Fay, same guy who wrote "The collapse of Barrings"

What MM do you work for?

branches outside canada pay 12% to traders 6% to students.

Where are you at again?

$400?! Where at?

You should never underestimate the stupidity of the masses.

Wise advice Don. That line of thought could end up in a 3-5 years federal vacation...

true. I wonder if they could pull something like that on the Natural Gas market, now that they are a leade producer...