Hey Elitetrader, First time poster. I have been browsing through these forums and have found the information excellent. A little about myself. I just graduated school and found a job as a day trader on Craiglist. I was called up, went for an interview, took the position and am currently trading. I had to put down a capital contribution and receive no salary (seems like a fairly standard deal). Our strategy is scalping the specialist on the NYSE. With the advent of the hybrid system, the desk has dramatically dropped in number. I have been told by the manager that this always happens whenever something new happens in the market. The weaker players get weeded out. However, the manager seems more concerned with recruiting new people than helping those who are left. I saw several posters mention in earlier threads about managers who scalp/churn their traders and blow them up and then just find new ones to repeat the process. I was hoping posters could share whatever experiences/stories/advice they would be willing to. I wish I had found these forums before I took the job. Thank you.