I'm a bit lost on this subject.. I thought that Schoni had 3 offices in Florida. Hold Bros had one and so did Van Buren. Are you guys saying that all these offices have closed or cut back on traders? The Boca office of Schoni had a couple hundred traders in 2 offices.
Yes, I agree with you...the chop factor makes it more practical both financially and mentally to at least partial out most of the position when you have a winner...Overnight moves at this point are pure gambles...The indicies are starting to look more and more like pork belly futures
Ahhh i See bigbrother. We were not trashing schoni. Nor did we state falsehoods. I respect Steven and what he did. So, hotshot, you know who I am, look me up when you get into chi-town and we will have a beer. Things change and so do seasons, I could care less about Schoni now. I've already moved on. Good luck and I hope you make coin.... er
I will say I have learned a lot from you guys this past week, on and off this site, and everywhere else I go. Now I just have to figure out the difference between the good and the bad ... However, you guys do have balls; and most of all I am sure it is not all bullshit.
I have no beef with million dollar producers at Schoni. I know what it was like in 2000 also. For 6 months straight I was netting $30-60K my end (my gross was around $100K-$275K) but my payout percentage sucked. I knew what it felt like loading up on PDLI, YHOO, and CHKP when they were rocketing! Alas, those days are a faint memory. I'm absolutely ecstatic to be netting $3K a month in this market, but I'll tell you one thing...I can load the boat like the best of them in a strong market. I also know that I'll be trading profitably for a long, long time.