Good discussion, and thanks for the question. We are not "anti Nasdaq" as many think, but we are "pro" helping traders make money...and we do a great job of (despite the 1 in 100 who we (or anyone else) cannot get through to). We like doing the Opening only orders, we like trading "with" the Specialist, and we like doing MOC orders and other "high probability" plays...especially for the first $100K or so with new people.
We simply have not seen consistent Nasdaq profits with any of our people over the last 10 years....some are doing ok now, but they still trade some listed. The "proof is in the pudding"...and if you're makine big money trading nasdaq, then by all means go ahead...we have nothing against profits....and if anyone ever wants to help change our minds, simply show us tax returns ... I really mean that....so many have lost so much chasing Naz stocks in the past, and yet we have continued to grow with profitable listed traders.....
We lowered prices on nasdaq to help with our Naz traders, and Redi has added features to help with some of the ECn AND and MM trading....we simply want profitable traders....simple as that.
Some people mis interpret what I say about the Naz, and I'm sorry for that....but remember, we have been in this business a long time, and I know many MM's, and all of what we have tried to show people about the downside has proven to be true (Check Knight Trimark for example, and their "practices").
I know the Specialists may appear to be "after you" or doing things "wrong' (it's usually just against ME), but we understand the game a lot better than most...and we know when we are getting screwed vs. simply complaining about not making money.
Please, everyone, trade whatever you like as long as you're making good money....if not, consider a change...that's all....
Good Trading...
Don
__________________
Don Bright (not an alias)
http://www.stocktrading.com
I heard a rumor that you have to pay a fee each time you post here at Elite, just like an advertiser has to pay a fee for an ad on the radio.
Is that true?
If so, are you subject to the truth in advertising laws that the SEC has when it comes to your posts?
Aren't you required to put disclaimers each time you say how well your traders are doing, that past performance is no guarantee of future results, when you are soliciting new traders?
We simply have not seen consistent Nasdaq profits with any of our people over the last 10 years....some are doing ok now, but they still trade some listed. The "proof is in the pudding"...and if you're makine big money trading nasdaq, then by all means go ahead...we have nothing against profits....and if anyone ever wants to help change our minds, simply show us tax returns ... I really mean that....so many have lost so much chasing Naz stocks in the past, and yet we have continued to grow with profitable listed traders.....
We lowered prices on nasdaq to help with our Naz traders, and Redi has added features to help with some of the ECn AND and MM trading....we simply want profitable traders....simple as that.
Some people mis interpret what I say about the Naz, and I'm sorry for that....but remember, we have been in this business a long time, and I know many MM's, and all of what we have tried to show people about the downside has proven to be true (Check Knight Trimark for example, and their "practices").
I know the Specialists may appear to be "after you" or doing things "wrong' (it's usually just against ME), but we understand the game a lot better than most...and we know when we are getting screwed vs. simply complaining about not making money.
Please, everyone, trade whatever you like as long as you're making good money....if not, consider a change...that's all....
Good Trading...
Don
__________________
Don Bright (not an alias)
http://www.stocktrading.com
I heard a rumor that you have to pay a fee each time you post here at Elite, just like an advertiser has to pay a fee for an ad on the radio.
Is that true?
If so, are you subject to the truth in advertising laws that the SEC has when it comes to your posts?
Aren't you required to put disclaimers each time you say how well your traders are doing, that past performance is no guarantee of future results, when you are soliciting new traders?
