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Does the thirty second limitation apply per firm or trader? Thx.

I have seen it repeatedly written that one cannot cancel an electronically placed order. Does that mean that an order that does not get filled and gets placed on the book can not be cancelled? And surely this does not apply to limit orders. Im confused. (not surprising). Also, my friend at a...

1) If a position is held overnight with a stop put in, is there a way that your firm (prop firm) can "wipe out" the stop after the market closes? I came in one day to find my stops were no longer in place and was told that they needed to be replaced. In thinking about it now, I can not imagine...

Mr. Bright wrote: "Sometimes I wish we could take the "other side" of our new traders trades....but of course, we don't. Of course, we don't self clear either. The old idea of a "bucket shop" always comes to mind when I hear about this." Should I read this to mean that where a firm self...

It is my experience that most prop traders assume that their trades are going straight from their computers to a specialist post, market maker or ECN. I have noticed things and believe I have evidence showing that this is not true. Further, this leads me to believe if there are day trading firms...

Where your message seemed well intentioned, although it did not address one specific claim I made against Mr. Bright, no matter how many boards he on, I decided I would respond to you. are you here to trade?, improve in your trading by becoming aware of other brave individuals who bear...

"You are correct, but the deposit money is still yours, and allows you to save a considerable amount in commissions every month. Just a different business model. Good Luck!!" When a nerw trader comes to your firm and losed a few thousand dollars adn decides to leave, how much of that money...

Dear Mr. Bright, When I first saw of the bashing you took on these boards, I did believe you were inappropriately using these boards to solicit business, but I figuredif it worked for you, how stupid can you be. Indeed, none of this should be a surprise to anyone. After all, how many CEOs...

After reading your last months activityt, which I came to enjoy and appreciatee I made certain observations that I felt compelled to state. First, I am not going to call you a loser for being emotiona. In fact, I wonder what it s about those who resorted to name vcalling resorting to same I...

1) If someone desired to associate themself, as an assistant perhaps, on the floor of the NYSE, could anyone advise how they thought would be a good idea to find out about such availabilities, if they exist. I know people who started out that way in the commodities pit, but none on the exchange...

I believe that the main reason I have not achieved the success I believe I am capable of is that trading in todays environment makes it very difficult to trade and be able to follow proper risk/reward guidelines. I trade NYSE stocks 1) Especially now with decimals, it is hard to put a stop in...

I felt compelled to add my two cents here. I was most taken back by the comments of those, regardless of other feelings they may have toward a particular firm, who seemed to believe that opening up a business -- any business -- is a walk in the park. From dealing with support staff, the...

I always look forward to Hitman's posts because I am able to learn valuable information and am, to a fault, reluctant to ask questions sometimes. I like to listen to those around me and learn by getting my hands in there. That, of course, has nothing to do with this post. What was my point...

First, I have annexed these posts here because I made thready in wrong area. Second, I would like to make clear that my comments regarding the insurance industry were meant to be examples, not indications of what I will be doing on Monday. For me at least, and I need to get over this, I feel...

I am a new trader (one month) and I am having a hard time figuring out how to use news. (I trade NYSE stocks). There are a number of issues I would appreciate opinions on. 1) With news that is widely disseminated, it will be factored into the opening price. From there, how does one know if...

I felt compelled to add my two cents to this chat. First, if anyone is considering trading on their own, I can say from experience that this is a mistake. I decided to day trade Nasdaq stocks from my office, overestimating my abilities. Suffice to say, I lost a significant amount of money...