welcome to the boards, this thread was started by some honest traders that have gained real respect from us other traders because we're seeing one of the few rules that I too am aware of, talk about everything other than actual money, being broken but broken to the upside. too often frauds, including most of these propritary trading operations (that require significant monetary and time investment in getting licensed and paying rediculous fees, like $500 Chicago Stock Exch annual fees and $4 paper check fees) cheat honest traders by not really teaching them anything other than how to rack up commissions.... you also mentioned that this thread seemed like those posted by runners of fraud, scam, boiler rooms..... those guys NEVER EVER show facts, details or true losses let alone gains, just bull@#$@# stories.... clearly you have a problem with some of the posters on this thread. out of respect to the rest of us, could you kindly..... ok? thanks!
what I can't understand is your buy and sell prices are exact, so where is the profit, whether through reduced comms or free BRUT, but you said you were on ARCA, so, how can you show a profit?
what I HATE about OPG's are the gambler's factor... trusting these specialists has lead too many traders to ruin, as you guys have testified to. Being down -$4,800 from the outset would compromise most traders, no matter prop or retail....save for some of the huge balance traders.... trusting the specialists to allow you to enter with them has worked in the past but consistently is not worth the risk vs. just position trading from one side or another... every now and then the payoff attracks back more traders, but are we now discussing slot machines, bacarrat or other gaming table games? or trading strategies.. there's a firm that trains its traders to get started each morning with the FV (fair value) and other S&P data, and their Excel spreadsheets and last closing prices, and all that just to preload in OPG orders on both sides of the underlying upon the hopes of getting filled in the direction of the specialist... too many guys met their early term fate that way and never got to learn about making money during the normal trading days....
actually, that's how most of the heavy hitters I knew personally on Wall Street and on the AMEX Options Floor were.... in a way, traders who handle this level of stress and responsibility have to balance it out through other activities. here's one of the training mental sessions they used to run on us: 1) imagine you're having the best trading day of your career, and you're up $100,000 on your $2.5mil portfolio... What will you do? a) continue to trade? b) go to Disney World? c) stop for the day to get it on the books? d) pair out of your trades and go flat for the day and take a rest? e) boast to others and have them against you? f) keep it to yourself? ------ the answer doesn't matter (Hint), what does matter is getting one's mindset ready for success better than expected before. try this exercise.... (no jokes please)
Yes True!!!! The internet changes everything... by searching and going direct to some of the better lenders: Wells Fargo Bank One IndyMac Bank and a few other key players, and taking the time to question them to death on their underwriting reqs you too can become an internet real estate millionaire.... yeah, these loans are available, and those that can't don't
limit, don't see the connection of your comments in quoting me. I never even mentioned anything close in suggesting this thread being frequented by runners and frauds. you are puting words in my mouth. you are clearly referring to a diffrent poster.
ARCA pays a .002 cents per share rebate on added liquidity, thus the trading at the same price with no improvement. The profit comes from just adding liquidity to the market. I have posted on that subject before on a previous post.
software how about this, I bet you 10,000 dollars all my blotters are in fact true. I will have my mastertrader account rep show them to you at the NYC show. you can bring me cash or a certified check. you can study them until your heart is content but I get to take them home with me. I dont want someone like you learning anything from me, you seem like a jerk and a real ass. accept this bet now and we can meet up at the nyc show and specifically the elitetrader party if you would like.