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is tight risk management a bad thing??

No probs here either.

With some firms paying out 90%-99% of profits, how else do you expect them to make money. You have to assume that they expect some level of commissions (unless they make 1% on $1mm in profits a month)

Actually, I was just messing around. The previous thread about the NYSE hours was doing the same thing so I just joined in.

Wow, can't believe it.

Well, I prefaced it by saying guys in that particular office did low volume. I did not make any comments that they were poor traders. There are different definitions to every word. This is bullshit that this thread has turned into this. For example, you can say a "good" trader does 20k...

To me, it doesn't matter if you're a churner or trader according to your terminology as long as you make money. But, I still see churners as traders. You have to make decisions when to buy and sell - just on a shorter time frame. I made one comment about an office that I didn't specify about...

A piker is someone who does low volume in case you didn't know. I am not a piker. And I make money so you have no idea what you're talking about. Under 40k shares a day is low volume. That's a statement. If you are a good trader and make money, good for you but under 40k shares a day is...

Maybe I was strong in saying illegal but wasn't that what you were implying? Why even bring up the SEC investigations of funny accounting if its not illegal? Why would the SEC be wasting their time?

Do you work for Assent/Andover?? And I think you should get your facts straight before you accuse firms of illegal activities.

i don't work for a firm since i trade my own account - meaning not prop. i do not like people holding my money. i've made my money and want to control it. a worldco situation will never happen to me. i use a broker/dealer of course for my executions but i do not work for them. you're right...

i said "doesn't do more than 200k". and i can assure you that he wasn't making 30k a day or even close to it. hmm, i think 50k a day is less than 200k shares a day the last time i checked.

you make no sense. of course, firms want traders to make money. you're an idiot for saying that i disagreed with that. and i said that i wouldn't argue about the 100% payout. i think its great that all prop traders get 100% payouts. anyone who doesn't have it should get it. you don't sound...

1) I don't know any firms that give 100% payout but I won't argue that. Let's everyone that trades prop go out and get 100% payouts. In response to your 1 and 2, why would a firm bring in traders that they can't pay the rent with? You can have all the best traders in the world and maybe...

Anyone can take 20,000 shares of a stock and sell it on the close and either make or lose 30k every day. I was referring to daytraders who scalp. Andover's commission schedule doesn't allow them to make shit off 40k shares a day. If they had an office of guys like that, they'd be out of...

In my experience, CRTs is more crisp than LCDs and I've done so many comparisons. You can see the pixels(if that's the correct terminology) in the LCDs but in CRTs, they seem nonexistent. I use high res and can't use the LCDs. That said, the space issue would drive me to the LCDs if they made...

i thought that andover was founded by mike and not vinny. 6 years ago, everyone dealt with mike. vinny wasn't even a partner to my knowledge. or am i wrong, don? you might be more of an authority on this. but i thought vinny came around when andover started to self clear?? in any case...

If you are trading for a fund for a buyside shop, no license is required as for stocks. If you are for a sellside shop, you would need a series 3.

Baron is right. He can delete whatever he wants. I think he has lessened the value of this site but that's his choice. Poorer business decisions have been made. Good luck to the new accounting firm. They'll need it. And, some advice to them. Keep feeding the meters. You know NOW...

A lot of traders come to this site and make it well known that they are with a firm. Are you saying that they shouldn't be able to answer questions intelligently about comms/software/mgmt/etc? I think that traders should know who he is so that they can have some feeling that its from a legit...