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I couldn't agree more. This topic came up repeatedly while I was active on this site, requesting Baron to do something about all of the abusive posters that would attack those merely trying to help others on his site. Many options were proposed, including OP self-moderation of threads that...

I've never traded options, so can't help you with that. However, for a some detailed thoughts on how to become profitable, I'd suggest you read the following thread: http://www.elitetrader.com/vb/showthread.php?t=147883

I know exactly what you mean, and agree completely. Too much snake oil being pushed on unsuspecting novice traders for many years. The result is a dying Expo. (the boring market doesn't help much either) I attended the first seven consecutive Expos (in New York City and Ontario, CA). They...

Baron, Any guess on when the elitetrader.com/vb view might be back to showing 3-5 thread titles per section? Seems like I recall that this was on the 'fix it list', and I just wanted to make sure I wasn't already missing how to find it. For me, the current setup that requires the user to...

No offense taken whatsoever, and I am certain Lescor feels the same way. I should, however, point out that complacency is not a primary factor in my declining trading performance (and I suspect that Lescor would say the same). There are two issues at play here. First, there is the market...

Personally, the low volatility has made this my worst trading year in a decade. I've had four losing months YTD, versus only 7 losing months in the prior 7 years. While my worst month has only been a loss of 0.5%, my best month was little better, with a gain of only about 2.8%. The vast...

The goal is to make the government shutdown look as impactful as possible. They are hoping to avoid the repeat of the sequester, where government spending was cut by xx% and nobody really noticed (despite their attempts to make the cuts as visible as possible). With any luck, the shutdown...

Hard to deny the flip-flopper charge. Here's another supporting point. Baron promised self-moderation of threads six months ago, then apparently dropped the idea. http://www.elitetrader.com/vb/showthread.php?s=&postid=3741307#post3741307 The ET community has been begging for its...

I think this is the right decision, Baron, and hope that you follow through to make it a reality. I disagree, however, with your comment that the only reason why it wasn't done earlier was due to upgrade headaches. As you recall, this exact feature was extensively discussed over four years...

Couldn't have said it better myself. Well done. Baron must decide if he wants to maximize this week's page views (bring on the flamers), or maximize long term value to his audience and as a result, increase long term page views. This issue has been highlighted repeatedly, however, so I...

Echoing what 1245 said, your comparison really seems to be prop firms versus traditional online discount brokerage firms (i.e. E*Trade, Ameritrade, etc). That's not a reasonable comparison as traditional online brokerage firms are not suitable (IMO) for daytrading. The appropriate...

Perhaps you could point out where I made my 'false claim' that retail accounts are "not at risk". Instead, I made the following statement: "Prop enables better leverage, but at a cost of greater risk to your account security." Do you disagree with this? Do you think that a prop account...

I'll try one more time. Forget E-Trade and IB for a moment. There are daytrading firms that cater to retail traders exactly the same as prop firms. Same software, same active trading, same costs for marketing, personal, rent and keeping the lights on. Same thing, okay? The difference is...

Regarding leverage => Yes, you are correct. Regarding everything else, you are way out in left field. I have been daytrading a retail account for many years. It's probably safe to say that I trade more volume and have higher P&L's than a majority of 'prop traders' here on ET. Don't...

I have little doubt that the stats in the opening post are likely correct. It's been 25 years since I graduated from the University of Maryland, but during my student years I recall the student newspaper publishing the SAT scores of students based upon their chosen field of study (grouped by...

My assumption was that if you are trading 2M shares per day, that they would be spread over many stocks. I can't imagine trading 2M shares per day in a single stock and averaging anything close to two cents per share, at least not without an extremely volatile and extreme active trading...

I really don't. My stuff is all custom programmed, so I can backtest and live test on the same platform, including recording and analyzing desired statistics as needed. I'm not familiar with what is available "off the shelf". Years ago, I know that TradeStation had an option (I suspect they...

Certainly, the price of the stock makes a big difference. It is much easier to average 3 cents per share while trading a $600 stock, rather than a $10 stock. For what it's worth, historically I think the average stock price of the stocks that I have traded have been around $40 (in case that...

The photos were not conclusive, or if anything, seems to show that the drop was appropriate. Note that those photos were from over 100 yards away. However, Tiger very clearly described the shot after the round, saying (in essense) that he "wanted the ball to land four yards shorter on the...

I'll have to disagree. Rule 33-7 seems to directly suggest that a waiving a DQ in this situation would be incorrect: <i>"A Committee would not be justified under Rule 33-7 in waiving or modifying the disqualification penalty prescribed in Rule 6-6d if the player’s failure to include the...