Last I heard (a few years ago), the average gross profit of a futures floor trader was around $500,000. The firm that backs you will give you...
I don't go for this dual stuff either, its too cutesy european. You're either in or you're out. Holster your gun, put your cowboy hat on...
â¦â¦not are you paranoid, but are you paranoid enough? The answer is â I wouldnât be paranoid if everyone wasnât out to get me! :eek:...
I do believe that brokers study successful traders accounts to figure out what they are doing. If you had access to that type of information -...
For a while there, if you put in a market order in the emini, the bid-offer would suddenly shift to ding you .25 from what was showing. Then it...
Another vote for the Aeron chair. Coach makes one in leather for those of you who are extravagant. I also use a hang ups inversion table to...
IMHO pivot is an obsolete indicator. It was originally designed for floor traders before they had computers with moving averages. Pivot...
The guys in the pit win in that the emini is made less attractive for higher volume users. Higher tick means greater costs getting in and out...
I don't think that the 5 levels were available at the time of the interview. The pub date according to your link is may 2000. The interview was...
I have not placed a market order on the emini s&p in a couple of years. Always using limit orders and getting filled at the offer (if buying) and...
Right now traders pay a variable fee per transaction called the spread. Instead of having a spread, you would pay a fixed fee per...
What do the NYSE specialists do when a stock hits a bump - they stop trading in the stock. Some shock absorber. Eventually I think when...
All that decimalization offers is the possibility of narrower spreads, not the certainty. On Nasdaq it seems to be working, on the NYSE with...
This doesn't directly apply to Nwbprop's question, but its on the subject of NYSE vs. Nasdaq. I remember when the NYSE specialists were trying...
You are right......as the thread gets longer I tend to forget what the original question was about. .
I think the consensus answer here is: 1.) The spreads are wider on equally liquid NYSE stocks with their specialist system vs. the Nasdaq...
What is this Alice in Wonderland or NYSE promotion night? If you compare apples to apples, stocks with equal volume, the spread on a liquid...
His eyes were glassy, he was talking, make that shouting.... like a mad man - I would swear he was on speed/coke/some drug when he did that...
If all of us individualists and loners could somehow pull this off we could become a very effective grass roots organization. Sort of like the...
The problem is that individual traders don't have a group/guild etc. representing their interests in Washington. The exchanges do, the...
Separate names with a comma.