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These days, prop firms make about .0025-.0035 per share traded. With firms like EGM and Andover offering sub-1/2 cent rates, prop firm revenues have come down dramatically in the past 12-18 months.

I was kinda skeptical too, but they got it right. Just saw the Nasdaq's complaint to the SEC here. http://www.traderbulletin.com/discuss/msgReader$699?mode=day

Just read on http://www.traderbulletin.com/ that there is no short sale rule on ArcaEx. Is this true??? Is this legit??? If so, I've been wasting money on Nasdaq bullets way too long.

Neovest is the best thing I've found for real-time screening. It isn't cheap but I have yet to find a substitute that can screen the types of set-ups Neovest can.

I've tried countless alternatives to First Alert (Insight, StockWatchPro, Radarscreen, Linnsoft, and others) and the result is always the same. Despite its bugginess there really isn't anything (yet) that can compare to First Alert overall. I wish there were. I've got to know several people...

They call Watcher "Windows based" because the program resides in a window. Apart from that, the interface is anything but Windows based. It's the most barebones, tedious, and uncustomizable trading platform I've ever seen...and if you like mice, fuggggetaboutit.

Rebate trading is only one of countless ways to make money in the market--and at a 30% payout it's far from the most profitable method. Unfortunately, by rebate trading being publicized its effectiveness is slowly being eroded. Once this happens, Swifts undiversified business model may go down...

curious...why andover?

At first glance this idea sounds appealing. Problem is, there's a LOT more to consider when choosing a broker than price. Poor software, hardware, communications infrastructure, continuing education and service can cost you way more than what you may save in commissions. Brokers with...

Sadly, if these boards are any indication, these "tools" don't seem to be worth the wait...

I've used both extensively. Here's my take: RELIABILITY First Alert: Aweful Insight: Oustanding EASE OF USE First Alert: Easy Insight: Difficult FILTERING CAPABILITY First Alert: So-so...Very limited chart criteria Insight: Best in the business--BY FAR CHARTING...

My lord. Instiquote is even WORSE than VTS (in charting, features, aestethics, and order-entry). The only thing better about it is that Instiquotes quotes are a bit faster. And ESignal is pure retail garbage. It seems like these guys are using low-end front-ends to skimp on costs. Pay for...

I've heard some absolutely frightening things about CCS's financials, and having met them face-to-face at the Trading Expo, I can't say I'm too impressed. To call them rinky-dink may be kind. I definitely got the impression that they were struggling to survive and my opinion (for what it's...

It's looking like this parade needs a little rain. I could be mistaken but the end result of this merger won't be as earth-shattering as the Echo people would like you to believe. Bright and IB already offer all-in commissions and this "tool," well, this tool hasn't made a name for Van Buren...

MJT, My hat is off to you for calling Don on this one. I know he's a big advertiser on this board but it's nice to know EliteTrader doesn't have to cave to his sometimes questionable comments. More on point, a negative comment is not necessarily spurious or "silly." If Bright Trading...

Too true. You moderators are caving to your sacred advertisers and it's hurting the credibility of this forum.

Prudent broker-dealers generally don't allow their traders over 20-1 margin intraday. On $25K this is $500K in buying power. Risk can be fully controlled in an automated fashion depending on the trading styles allowed (overnight styles are obviously riskier). If the risk parameters are sound...

Seems you never miss an opportunity to run a Bright Trading commercial Don. And it's funny how every opinion that challenges yours is "sour grapes" or "bias." Everyone has a motive but you huh? You know there's lots of reasons people post on these boards including: (1) A genuine interest...

The cap is practically dead. Only a handful of guys do 10,000 share blocks these days. Direct+ and decimalization have sliced order sizes dramatically and executions today are much more piecemeal. ECN infiltration into the listed market will only further this trend. Don, your trader's mean...

Hitman. You are 100% right. Try hitting a bid one level down that is 8 seconds old in a falling stock. Now you see it...now you don't. What a waste of development time. You may actually have an advantage if you don't use OpenBook. At least then you won't be susceptible to spoofing (i.e...