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Is IB still good for these asset classes? Or it is better to go with higher fee brokers like Fidelity for better execution and cusip selection?

A very short story about myself. I had a 3 year trading career with a prop firm that eventually closed its doors in late 2003. I recorded 31 out of 36 profitable months in this span. However I had a very hard time in 2003, made very little money month-to-month before losing 1/4 of the year's...

Well, I moved back home AFTER I decided that I wanted to do this. And I am very close to buying something soon thanks to that temporary compromise, I would say it was a solid strategic move.

Baron: I totally understand the need to generate revenue tho, I just need you to be a little slower on the trigger finger. If you give me like 8 hours before deleting my posts, I have no problem with that. Go ahead and delete all those Worldco versus Bright related posts like...

There is no way Don is going to give out the real stats, Bright's bread and butter is about sucker people in with their 25K's and if he is telling the truth then there wouldn't be a business. Then again, Worldco recruiters are no matter when it comes to this, it is all business. This is why...

We went over the Bright versus Worldco thing many times, risk management is a joke when your trader has capital in their accounts, and I would love to suggest some high churn strategies too if my guys all started with 25K in their piggy banks. My goal as a team leader has never been about...

I will be at a team management meeting next week, by then I will have more answers. I am not surprised that we are finally doing some serious clean-ups, I am sure everyone who trade for a living know how tough this market is. It seems like someone hit the panic button yesterday after our...

Were the guys down gross? If for every dollar of commissions you generate, you lose 3 dollars in gross, you are probably going to get canned.

Execution errors galore as I really lucked out on this one. Spoke with her last night and while she is busy over the weekend, just her voice gave me a much needed lift as there is no better music to my ears. 21300 shares each way on 14 of 26 shooting, +872 before commissions, +396 after, 2...

Baron: Please do not delete this, Don should be very happy that I actually reported a bad day for Worldco. >how long are traders given to prove themselves before they are let go? There are two reasons we let go of people: 1) Guys who take 1 point or more hits in stocks...

A sea of red ink drowned me today as I had my worst day in more than two months, 13100 shares each way on 4 of 17 shooting, -594 before commissions, -818 after, no bullets. Even worse, including myself, my entire team did not have a single net positive trader today, as we combined for 4K loss...

Because Don Bright is advertising on this board and he cries to mommy all the times. Because the kind of rate ET charges is IMHO absurd for a site of this quality, and our owner is not willing to waste his money here advertising. If you are ACTUALLY providing capital and eating losses for...

It is moments of brilliance like this that gives you hope that you will make it someday, even if it is also days like this that make me truly miss her as the weather is as pleasant as my P&L and I would rather give it all back just for a night out in the city with her. 13400 shares each way...

Don: A combination. I have a watch list of a dozen sectors and components. I also look for high volume movers at the end of every day for daily set-ups. (Lately reversals seem to work MUCH MUCH better than follow-throughs).

Never in my career I was called by risk management lol. But to reach higher tier I have to loose up a little.

Yes, you can trade anything you want. And yes, my average position size nowadays is 500, with occassional 1000's when I think it is a sure bet. And yes, I need to be more aggressive now that I am getting consistent results.

Slow day as I could not blow the game open. 9100 shares each way on 8 of 12 shooting, +669 before commissions, +512 after, no bullets. Pre-Market: Declined oil price. 9:30: Got 23 cents from the lone MER fill, still a solid start. 9:35: Tried GPT all day as I churned 3700 shares...

Not a bad start for the week although it was a slow one, 8800 shares each way on 8 of 11 shooting, +750 before commissions, +599 after, no bullets. Pre-Market: IBM warned hence the dramatic gap-down. Rising energy price . . . 9:30: Lost 10 cents on TXN long, made 35 cents on ABT short...

First of all I would like to say I have never seen anyone doing what Praetorian2 does. The guy is without a doubt the best bottompicker I have ever seen, as no one else I know trades what many consider to be a suicidal set-up (or at least nothing more than a once in a while thing) and does...

***now for a stock trader trading thousand lots you need a full point move to make $1000 which would equate to volatility of 5 - 7 points in a day for a stock!*** You forgot there are dozens of different stocks that can make you money in a day, and you don't have to on the front line of every...