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a desk some leverage and reasonable commissions

what's your opinion on these firms.

what prop firms have offices in this area

good analogy. well said.

on a side note, books on how to be a great trader are so lame. these "successful" traders love to share their insight on how they made money trading; and, they are so ready to share this garbage with any fool willing to spend the $20 on their book.

i am not negative, i am realistic. equating a business venture with trading is flawed. no business has constant wild price swings in their products or inventory. having a positive attitude when your in a business venture will improve your odds of success (customers will want to do business...

saying that trading is futile is not pompous, but just an observation. it has nothing to do with me or arrogance.

to compare this with other fields is wrong. persistence and a competitive drive mean absolute crap. my evidence is in the fact that most people fail. so if the odds against making it are so significant, than why waste money and time. why are so many prop firms with such "great" traders...

breakout thank you for the post. definitely nothing personal. of course the random debate is not going to be well received on a trader's forum. however, there is not one person who trades that doesn't internally debate this issue at times. i can understand that the people who bash me are...

a stock is 20 to 20.05 trending up on good volume. youre a daytrader and you go long. Fidelity or one of a million other hedgies or institutions decides to unload their position. the stock falls out of bed by the time you get yourself out. What's a "great" trader going to do. My ass if...

you haven't a clue of what you speak. i did quite well as a market maker. i am sure your perceptions of that field are pure misinformation so please don't even go there. when my firm closed our office down here, i did not want to move. that business got hit hard due to the massive...

my daytrading definitely sucks. i am finding it extremely difficult to gain an edge. my entire point of why it is random is due to a lack of liquidity. because of the liquidity issues stocks are gapping all the time. to me there has been no predictability with these price moves.

poker is definitely more random in my eyes than the market; but, daytrading still sucks

people with large capital and more info such as the orders out there make cash. But for the rest of us, the time frame of one day or less is completely random. No need to get upset, but just accept it. One will not consistently making a living trading the secondary market with a less than 1...

no question about it; you know it's luck if you can predict short term order flow. IMPOSSIBLE; NO SHOT

I don't think trading is random; daytrading, on the other hand, is 100% random

No trends can really emerge in a daytrade. You need to be a sharpshooter which is not possible. To predict the movement of a stock in a 1 day period is not possible, that is why you see the percentages so high in failure.

well stated

metooxx what is a great trader. i highly doubt if anyone is consistently profitable in this market. it is impossible to make a good living in the equities markets b/c of the lack of liquidity. i don't care that the nasdaq posts over 1.5 billion a day when 1/3rd of that is in crap like sunw...

metooxx it doesn't take too long to learn about some of these firms. I will confidently maintain that schonfeld has produced more money than all of these firms mentioned combined. they trade a unique style which may or may not be impressive to you, but the past results sound quite...