Analytical skills and intelligence is highly overrated with regard to being a successful day trader. Why do you think actively managed mutual...
I was being facetious. These stats sound reasonable so in the absence of contradictory information, they are assumed to be correct. Anyway, I...
Who's the genius who came up with the stat that 9 out of 10 new businesses fail in their first 2 years? Or that 9 out of 10 restaurants fail in...
Pretty arrogant for a newbie in the biz aren't you? I suppose you're only interested in multi-million dollar accounts? Jeez...
Epic epiphany. Move over Stevie Cohen, I have a new hedge fund hero!
What a hot GILF!
You guys should dump your PCs and use Macs. No problems here!:p
Correct. Paper trading doesn't work. It just doesn't replicate real life when emotions like fear and greed and bad fills come into play.
I guess being broke for him would be if his net worth dips below $10 billion.
0.8 cent/share, 45% payout and no desk fees. But hey, we got paid a draw, had health insurance and learned how to trade with $500K accounts!...
When I traded with Momentum Securities/Tradescape in 1999, we had a trader's lounge that had a big screen TV, video games and a pool table. We...
http://www.nypost.com/seven/10172008/business/barakett_bros__lose_hedge_magic_134015.htm
Price action is an all-inclusive term that includes tape reading and technical analysis.
Tape reading as it applies to stocks refers to analyzing the prints on Time and Sales to discern clues as to which market makers are accumulating...
Hope you're an experienced trader or they won't be your friends for long.
Option b is better but I don't feel like doing the math.
Shit, it took me three years. I'm such a slow learner.:confused:
Get your priorities straight. College degree first, prop trading second not vice versa. Don't screw up your life.:cool:
They will stagger their way into their shorts and longs using various brokers, ECNs, liquidnet, etc. so they don't tip their hand to the market.
Steve Cohen, along with a fellow alumnus David Tepper, are my trading heroes!
Separate names with a comma.