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and 300 pts then is more the like 500 pts today

Yea, After 15 yrs of sitting in front of the screen for 7 hours a day my eyes are shot. My eye Dr. gave me some eye exercises to do a few times a day. Walk out into the hall and focus on the end of the hall, then back up close. Do it a couple of times in a row. Do it several times a day...

If you had a different job, keep the mortgage. With this job there is much to be said for the peace of mind knowing you dont "need" to make a check to cover your expenses every month. I think a clear head will make you more money than you are "saving" by not paying off your mortgage...

They are holding them. Deutsche Bank currently owns 63 homes in my county, Palm Beach county, FL, most were foreclosed on in the last few months...

I agree. I bought my home about 7 yrs ago, and bought the nicest home I could afford to buy with no mortgage. I dont see much reason to have a mortgage in this business If you dont need one. Ever since I have been saving for a bigger home, again only to buy when I could pay cash for it...

yep

That reminds me of back in '97 or around there, i think it was MOT, It was trading down almost 15 preopen. The stock opened +1/8 at 9:30:01. Caught most everyone off guard, the next print was down 5, then quickly dropped another 5. Gave all new meaning to "you snooze you lose". I always...

Yea, they say florida is good b/c no income tax, but property taxes, especially in South Florida are out of control. I am looking to sell my 4/2.5 house for another house roughly the same price. After moving you lose your homestead exemption and the taxes on the new house will be about 16k a...

Are there any big words left he didn't use?

You seem to know about everything, including how many shares I trade. Well after this comment last night I went back to review my activity since the early 90's. Since my first trade in '93 I have traded just under 900 Million shares on the NYSE, so I think I know what I am talking about as far...

I am not going to waste any more time on this, its apparent you do a lot of posting and not much trading or you would know exactly what is happening

Rule 1000 Rule 1000 states the basic operative principles providing for automatic execution of limit orders of 1099 shares or less against the Exchange’s published quotation. The Rule lists six instances in which the automatic feature would not be available due to market situations, lack of...

Not the case. First of all its only 30 seconds, it was 60 origianlly, but has been 30 for about 2 years now. There are several reasons within the rules to allow the specialists to not AutoEx the order. This gives them just enough room to get out of filling any order they want.

Maverick, I must agree with AC on this. The specialist, especially on thinner stocks, often hold a 1000 shares or less order that you try to Auto Execute. There are several reasons they are allowed to hold an AutoEx order, mainly for a price improvement, which is good, but there are others who...

my daily was 117 days, back in 2000. monthly was 96 months from Nov '96 - Oct '04

Most of you are missing the bigger picture than 65% net or 29% gross. The buying power needs to be considered. Although it takes a while to get large buying power, I would choose even 29% of the gross with $10,000,000 buying power, than 100% of the profits with $1,000,000 bp.

about 30% of gross or 65% of P/L which ever is more

I dread telling people what I do, especially neighbors, my kids friends parents, etc. Most are doctors, lawers, etc. They can be so clueless about what a trader really does its amazing. I go to work in shorts and a t-shirt, sometimes dont shave for weeks at a time, and admittedly look like a...

I agree with you in principle, however for the right trainee looking for a long term arrangement, the "compensation" is sticking around as a skilled trader. I have 2 traders who I sit with who started 10+ years ago, as 100 share traders and now have 10 million+ buying power. The long term...

33 yrs old ,been trading for 13yrs, South Florida in the winter, Jersey Shore in the summer