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Point taken.

I don't know why this is inspirational, but it is.

Scary.

Good point. I'm not disagreeing with you, btw.

Nice analysis, but if they weren't wasting time on facebook, they'd be wasting time playing freecell, or getting candy and soda out of the dispensers in the break room. If you are talking about the work at home types, simply replace kitchen for dispensers. It's not about social media...

Kinda sounds like it would be based on the honor system, but I like the idea. And I like the rest of your post. As I make the transition back to manual trading, I know it would be impossible to teach how comfortable I am when I take some of my trades. And it would also be impossible to...

It's the way it should be across the board. I can't believe what our firm use to let us get away with. Thank God they cut us off before the flash crash. I'm slowly learning that there is plenty of opportunity out there for a traditional manual day trader. It's a hell of an adjustment from...

Let a daytrade turn into an investment, and wait for it to come back? How'd that work out for folks in Bear Stearns? They may be waiting a while for that one to come back, and that was truly "Investment Grade" material. This is not trading advice. OP, please don't listen to this shit. He...

It's a very common response, but also a very legitimate question. Why not answer it? Our group has been running a news/earnings based algo for a few years, and it has absolutely sucked over the last 8 months. If you have some secret formula that others don't have, why the hell would...

Similar. "Playing Market Maker". You've touched on this before, but I'm not sure how much more info you can give without revealing too much.

Some insights on this/market making could be interesting.

Dentist - 1 Badger - 0 Out at 32.82

We'll see. The dentist may win this one, but I'm following through with the original gameplan.

After FB found a base today at 33, I bought 100 for fun at 34.04 on the pullback. See attached for time and price. My blotter says my average price is 3.61 because of FIFO, but I consider it to be 34.04, since the other trades were intended to be quick scalps. But here is the experiment: I...

No lightspeed for me. I use Green Mountain through Echotrade. Good luck with the sprinkler discussion. Hopefully it rains soon so you can hold her off for a while. :cool:

So much for the consolidation and the subsequent move higher. :D Just a couple of buyers here at 38. Yes it should be nice. Need some rain though. I drove through your neck of the woods yesterday. The dust coming off of the farm fields was ridiculous.

Nope. The only way I'll do anything is if it consolidates and then breaks higher. But I don't see that happening. EDIT: The consolidation part, that is.

Trading is far from dead. There are always a few names going crazy every single day, even in the summer. The folks who think it is dead watch the same things every day. I'll never understand why. FB indicated 44.

I love it when people believe this.

Have you ever sat down with a pencil and paper and figured what a series 7 license and the leverage of a prop firm can do with good risk management? Someone who is brand new to the business can get 30:1 intraday. Right now I have 10 stocks on my screen, each of which having well over a...