The figure to watch is what % return do they make on their equity. I've heard its around 60%. Now a wild and crazy hedge fund that takes big...
Daytrading works best when markets are topping like in 1993 and 1999-2000. The daily and weekly charts start moving sideways and the volatility...
So you deliver bottled water :D
Actually we produce a product that the whole world wants - its called the US dollar. Because all of the other countries have an interest in...
Lately I've been saying that I work with computerized trading systems. If pressed on the topic, I then say I trade futures indexes. The usual...
Either one of two reasons IMHO 1.) You're not preparing yourself to take a possible loss BEFORE you make your trade. I.e. you say to yourself...
For full-time off-floor traders who mainly trade their own account, just out of curiosity - what do you call yourself or tell people when they ask...
The power of the specialist, their near monopoly, comes not from the percentage of trades that they take the other side on, but from how they...
The discrepancy has been absolved
Another discrepancy I noticed: "The specialist usually only accounts for 20% of the volume" -- RTharp "But the networks may find the New...
Here is a partial quote from an article in the NYT. Comment: the more piggish the specialists get in exploiting their near monopoly, the more...
Just wanted to get that in for the Canadian, Aussie, British ETers.
I know what you mean. I went to McDonald's today to buy a hamburger. They were charging $1.76 and I was bidding $1.75 - guess what? I didn't...
We seem to be in a pause period, kind of like just before the last gulf war in December 1990. The start of the war is probably what will get the...
Instead of having a rule-book that can be violated, with specialists knowing that only 5% of people will ever follow-up and complain - why not...
Typos on my part - what I meant to say was: If the bid was 22.52 and the ask was 22.60 when it traded below your limit buy price, then its...
If the bid was 22.52 and the ask was 22.60 when it traded below your limit buy price, then its possible you would not be filled as the NYSE...
The few big traders I have met want depth AND instant fills. If they can't have both, then of course depth is the most important. P.S. if you...
Wow! I didn't think that this was going to be controversial. You would think that I was advocating shrinking the Emini tick size or something....
As others have mentioned, I believe that there are other kinds of intelligence besides the traditional ones that we are tested on. In the book...
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