how did Szeven go from making 0/day to 5k/day in just 3 years?

Quote from Szeven:



After that, i scalped EWZ 1k shares at a time. It was easy to buy ECN's size up on NYSE a few levels down, and exploit the spread and flip out. Rinse repeat for 40 bucks 50 times a day.
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The mark of a pro scalper with a clear edge.
 
"I can't ask the guy that did it, but I can ask the guy that the guy told it to."

Reminds me of Ferris Bueller's Day Off

http://www.eventsounds.com/wav/batter.wav

Teacher: (taking attendance) Bueller?....... Bueller?.......Bueller?
Girl: Um, he's sick. My best friend's sister's boyfriend's brother's girlfriend heard from this guy who knows this kid who's going with a girl who saw Ferris pass out at 31 Flavors last night. I guess it's pretty serious.

http://sounds.stoutman.com/sounds4c3/bueller.wav
 
the other funny thing has got to be the fact that at least 4 traders who get 0 attention on this board and are much longer term and better than I am have already posted on this thread. They are the guys to ask, im just some hack who has a history of great discipline and is continually blessed with being in the right place at the right time. Lets revisit the subject in another 3 years and see who still standing.
 
Quote from Szeven:

the other funny thing has got to be the fact that at least 4 traders who get 0 attention on this board and are much longer term and better than I am have already posted on this thread. They are the guys to ask, im just some hack who has a history of great discipline and is continually blessed with being in the right place at the right time. Lets revisit the subject in another 3 years and see who still standing.
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Mr. NBBO is certainly 1 of the 4.

Anybody know who the others are so we can go back and read all their posts.:D
 
Quote from CoralReef:

Mr. NBBO is certainly 1 of the 4.

Anybody know who the others are so we can go back and read all their posts.:D
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I suggest you go back and read *all* of Mr "Keep Don Bright Honest", aka EricP.
 
Quote from Szeven:

the other funny thing has got to be the fact that at least 4 traders who get 0 attention on this board and are much longer term and better than I am have already posted on this thread. They are the guys to ask, im just some hack who has a history of great discipline and is continually blessed with being in the right place at the right time. Lets revisit the subject in another 3 years and see who still standing.
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... :) my money would be on you
 
Quote from Szeven:

haha people are funny.

How I went from 0-2k a day at swift was simple. I was lucky enough to start at branch that stole mnx's strategy for millenium ATS arbitrage. I fagged out pennies for about 6 months like a complete monkey. When it started to die i had to quit.

After that, i scalped EWZ 1k shares at a time. It was easy to buy ECN's size up on NYSE a few levels down, and exploit the spread and flip out. Rinse repeat for 40 bucks 50 times a day.

How do i do it now? I have no idea... buy and hope it goes up, sell and hope it goes down. When in doubt, get out. Then once a week dont get out and lose your last 4 days of profit. Great stategy eh!
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but i thought good traders were supposed to be guarded about their "edge".....bwahahaha! anyhow...nice work it's nice making decent money after trudging thru crap.

:::rant warning:::

if i hear another retard on elitetrader talk about "edge" my freaking head is going to explode.


here is my "edge"...know what the hell is going on with the market and be ready to act. it's common sense and critical analysis skills. figure out what people are thinking and react. it's not hard. there is no magical money making "edge" formula.
 
Quote from traderpro:

The mark of a pro scalper with a clear edge.
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no its just looking to get hit on the bid/offer when someone markets. its called market making and it's a solid way to get your feet under you and make money if you are quick.

so i guess if by edge you mean he is faster than you then yes i would agree.
 
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