this is true, particularly, when a number of traders in the office are all tuned into one stock, or one stock within the basket/sector. Having other eyes, as it were, analyzing the immediate movements of the L2's or the T&S also helps train all those other eyes who weren't fast enough to see/spot that particular event/situation. Nonetheless, that's the essential reason, for those rare times, that you associate with an office, instead of going it alone in your own HO (home office).
now, advise that confirms something useful, particularly in this environment, is the most valuable thing participation on these chat boards provides.... good comment,, need to hear more like these....
man you ought to write a commercial with all that action and spilt right brain/left brain stuff (polite substituted word)...
To get to $1000 a day in credits, you basically have to be able to average about 900000 shares a day in volume using only island bids and offers (or LSPD). You just sit there all day putting up bids and offers and wait until they get hit (this might take a long time). I've been told it requires trading 7-8 stocks at a time, and these stocks got be real cheap and real slow moving. The cheaper the stock, the more the .11c/share island credit is in terms of percentage gains. Also, since all of these stocks are under $5, you can't short em' either. The possibility is there to lose a lot of money if the stocks go against you of course (or make a lot if they're in your favor), but $1000 in credits helps. Oh yeah, you also have to be free of commission charges, so basically you have to be a prop trader to do it. It's not easy to pull off, but there are people making a living trading this style.
When you talk about trading at your firm, do you mean you work for them and trade with their capital? Or do you mean that you trade in a daytrading firm, and you use your own capital? BTW is their a way to get a job trading for a Company? and what sort of degree or diploma is required? Or is simply having real life trading exp good enough?
Limit, I'm not sure if I should thank you for a compliment or call you you a prick for flaming me....
I thought that the Level 2 screen will be obsolete when they release SuperMontage?! What will all you Level 2 traders do then?
It won't be obsolete as much as different. IE the same quote principals of bids/offers, size etc. will apply but they will be displayed and accessed differently than they are now. There is a separate thread on SuperMontage that discusses much of this.