also, when it comes to switching to a bigger llc so you won't be noticed, probably doesn't make a difference.
if you haven't noticed yet, most 'fly by night' (whatever the @#$! that means) are scum. Scum or not, they seem to be the only ones I'm able to be net profitable at.
I mean how many damn times has your ecn rebate been off by just a hair. How many times has your sec fee stayed the same, even though you know it was just lowered. these fools will do ANYTHING to squeeze an extra 1/10 of a penny out of you. Just add it up. 300 traders, just screw around with the numbers, skim 1,2,3 bucks a day, and they either a. never know, b. don't care, c. care, but then forget to keep checking.
you'll always find a 'mistake'.
You know, i've always wondered about what don was talking about when he'd say you need a mill to make a decent living. might of been you need a mill because a) can't pick a direction b) scalping is dead c) other capital intensive strategies are just more profitable
and blah blah blah. it could of been anything. But i always wondered if there was D
d) if you're a uber short term grinder relying on an inefficiency, your llc will probably mess with the liquidity by getting involved.
i mean, you never know the man might know a little more about the business than some guy, hoping in front of big quotes, paying low offers, hitting hi bids, buying the his, selling the lows, watching an ecn come back a few times (whupty fucking do), looking for stupid dark prints, i mean it could just go on, and on, and on, and on....basically stuff that DOESN'T AMOUNT TO EVEN 300k a year.
yessss we've all seen blotters of folks with 4k updays for a month...but what you don't know is how the year turns out...i'll just put it this way, there are some fine scalpers out there doing just fine, having 2-3-4-even 10k up days and even having 30-60k months. BUT you ask them what they made at the end of the year....and its not that fantasy land projection based on a few months and a couple good weeks. no shame in that, all i'm saying is that when somebody with 20 years more experience than you says something, its not always a 'scam' because quite frankly, everything in this business is a scam from someone's point of view.
now is he gonna go out there and say crap like ,"hey you little shits, stop trying to scrape for pennies i've seen enough pnl's to last a lifetime and guess what nobody is pulling in crazy dough, why don't you come on over to my place where i'll charge you 7 times more but maybe that might force your retarded ass to learn something thats actually a trading strategy you don't have to equate to a videogame and one that actually has a shot at making 7 figures and won't be utterly destroyed should your llc, which is probably shady as hell because its not mine, decides to copy your gimmick.
yeah, he probably wouldn't say that.
