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"A silver spoon Ivy Leaguer (her prince), and a hungry college dropout with nothing to lose (me), I would (well I hope I am right in this specific match-up) put the money on the farmer boy over the prince every time. If you can control your losses, it comes down to who wants it more." I know...

Hitman (or any of you guys): How do you identify sector breakouts (ie. XBD)? Usually when I see these guys move (MER, MWD, GS, LEH, etc), it's usually way too late to take a position as they already either gap up at least 20 cents or the offer just disappears. Is it that you take a...

i'm sorry to have burst your bubble there. you are an aberration from the norm. however, the truth is in the numbers. on average, traders with advanced degrees tend to be better traders. this is a time tested recipe proven to be successful by the most prestigious firms on wall street (gs...

That's my point. Too many "common folk" entering the trading arena only to get smoked and then bad mouth the industry. Oh well, I have no problem taking other people's dumb money. It's just a shame how the profession of "trader" has been so bastardized.

It seems as though everyone's a trader these days. What are some of the recruiting methods used by the top prop firms these days? Seems like most of these firms hire anyone with money to burn regardless of experience or educational background. And from the countless advertisements I see on...

...for being a bit harsh on you stockk. just a bit amazed by your firm's ability to let new traders go in with so many shares for MOC. which firm do you work for? (sorry if you already answered this)

When you say 6300 shares traded, do you mean each side or total? What is your average trading volume per day?

I highly suggest you cut down on your size untill you know what you're doing. I've seen way too many rookies with big balls lose size in the beginning only to struggle for months trying to make it all back. Doesn't your firm have a risk management team (you're not at the andover subsidiary...

I believe the $12 ticket are for married puts. Not standard listed share ticket. He pays less than a buck.

Hey Hitman, Do you work under a senior trader/desk manager? If so, do you know how commissions/deals work? Does the head person split your commission revenue with the firm? Which floor do you work on?

Hey Hitman, Fellow Worldco trader here. Just stumbled over your journals/posts. Been at the firm for about a year and 3 months now. Just wanted to tell you your journals are definitely insightful.