ktm, Don't get me wrong. Retail firms are ok and professional firms and fees are not for everyone. 4 to 1 customer daytrading margin is...
andrasnm, Starting any business looks easy on paper. Just raise 1.5 million dollars , rent office space and traders will walk...
The main difference between trading at a professional vs retail firm is the use of margin. In house ,traders at Broadway Trading and Pro-Trader...
INCA is ok, but the ECN is sometimes "slow". ISLD & REDI seem to have the best execution times, with ARCA & INCA somtimes slower. INCA has great...
Well Put. INCA is mostly institutional order flow. Gene Weissman
The best ECN to get odd lot fills is ISLD. The worst ECN for odd lots is INCA. You can initiate odd lots on ISLD and get filled very rapidly,...
cmz1, Well put. I was a market maker on the AMEX floor and what you say is true. Market Makers are far from "clueless" and many times we...
cmz1, I would agree with you that your market maker experience is helpful and you may be good trader.In my experience, many who switch...
If you are a successful Market Maker at Goldman or Morgan Stanley, you are trading "order flow" from customers. It's a different type of trading...
You can't teach an old dog new tricks(most of the time). I would agree that a student who is taught the right way would have a better chance of...
If you trade at a large market making firm or you are a proprietary trader for a hedge fund, you can't really day trade like you do with with a...
Your point is well taken. Most skilled traders would put up their own capital and keep 100% of what they make. That's what I did when I worked...
At the present time, we accept new traders who make a capital contributions to our L.L.C. We do back experienced traders with a track record ,...
I know everyone has some course that they like. STC, NYIF and many others are all ok. I personally like the course from Dearborn Financial(a...
Tony , I agree with you that NYSE and NASDAQ are really two different markets. If you trade NASDAQ and you start trading NYSE stocks, it seems...
dagve, O'connor & Assoc. (now Swiss Bank) was one of the best market making firms to work for. They are well capitalized and have a...
I was an AMEX option Market Maker for 12 years from 1984-1996. Market Making used to be a great way to earn a living. You are providing liquidity...
Jeff, I couldn't have said it better myself. I thinks it's best if we all work together. I think the negative comments and "bashing"...
ExBlockTdr , I think you will find trading for your own account alot different from being a sales trader or selling the firms...
jem, I think you made the point I was saying. The tax issue can be complicated and it's best not to go into this issue on a public...
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