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The stock rate isn't great, but it depends on how good the training is I would think. It might be better to pay .01 per share for a little while than to just drop $1000 on a class right off the bat. I imagine if it wasn't going well you could stop trading after the two week training and only...

Gene was an exceptional guy, one of the very few nice guys in this business. He will be greatly missed. :(

Far as I know, for capital to be counted as good capital it is the capital that must remain at the firm for at least a year, regardless if the trader has been with the firm for more than a year. For example, Joe joins Andover (Assent) and starts his account with 25K, then loses 15K over 6...

Scary stuff I think. Would make a good poll on elite, whether guys think we will go to war in the next few years with North Korea. And if there was a war, if it would be easier, somewhat harder or much much harder than was Iraq.

Wait until we have 24-hour markets and traders are dying from the same thing :D ... Here's the future news report: "A 34-year old daytrader was found dead after trading the global electronic markets for 45 straight hours. Other traders said he was on a roll and just couldn't stop. In his...

I can definitely say, I am glad I am not learning in this market, I'm sure it can be done but wow is it harder than it was. Best of luck, if you are determined to do it than my best advice is - DISCIPLINE, above all else. Good luck, let us know if you succeed or fail so we know what to tell...

A pair are two stocks that have a very high correlation to each other, say MWD and MER, so that when one rallies you would expect with good odds the other to follow. A spread consists of two stocks involved in a merger or with some other financial relationship, for example YHOO and OVER, where...

I'll bet you're now a Specialist.:)

Sorry, not in the know on that one... Most times I've seen guys switch in this industry it is due to rates. But Echo's rates are quite low so who knows? People switch all the time in this business.... But sounds like he also left before this software came out, maybe he'll come back now -- I...

HAHAHAHAHAHAHA! Wow do you sound like a salesman for another firm. Which firm do you represent? If anyone else has this, where is it? If any trader can go to your firm and use something like this, let's see it? Is that what you are saying, that any trader can go to your firm and use the...

I am a current Echo trader who has been with them for years using profitable strategies, and I can say that I have some secret ones that have not appeared in anyone's software yet. And I, like everyone at Echo by now I'm sure, am on the free demo of this and I can say that I don't think there...

I've got a trade in FNM I could use a bust on.... I'm going to try the finger slipped excuse also and see if the specialist will be as nice as the CME is... I'll let you know. :)

Wow... I think you're my long lost twin or something, some parts of your program sound very similar to mine :)

From that article, "CME remains committed to offering its world-renowned risk management products on two state-of-the-art trading platforms — open outcry and electronic ." We saw how good that world-renowned risk management was yesterday, didn't we, when one trader's mistake can send a...

I agree with you, I have been using automation for quite some time, and I know other traders that do also, it is one of those things that I would never dream of doing without now. In this market the amount I was able to make just trading a handful of stocks by hand kept getting smaller and...

Could just be that the employee making the mistake had a friend open an account with another firm and place a big buy order in the Dow Futures when it happened or maybe even a big buy order in the S&P big contracts in the pit, which may explain why the pit didn't trade near where the mini's did...

I have to say, I am amazed at how many guys here play him. He took me for a ride also, I didn't lose that much but I definitely wish I hadn't have traded him today.

Reading that whole thread should keep him busy for about a week.

You're right, haven't used it. Went to a pretty cool looking office in Chicago called Spike (an Andover sub-group or something) and watched guys trade on it, looked like a Watcher type clone when I saw it (this was two years ago at least, I'm sure it must have improved since then). At the time...

And it's some gooooooooood stuff too :p To clarify, if someone told me that I also would think they are smoking something. I was purely trying to make a point that if people have to be informed of the horror stories, then by the same logic they should also be allowed to be informed of the...