Is this prop firm looking for $5000 before you can trade?
What a fucking day.
Big time tick & trin.
Can't believe the action for late July early August
Is this prop firm looking for $5000 before you can trade?
What a fucking day.
Big time tick & trin.
Can't believe the action for late July early August
Originally Posted by Sanlmar
Naw, zero risk. You started out at 35% commish, roughly 35k buying power (I got up to .5 mil). 100 lots at first which increased based upon success (I got up to 2k shares). When "hired" you were a "junior/student equity trader", and your goal was to net $2k in a month, which would then "graduate" you to full trader status (and mush looser risk allowance). I was a virtual virgin to the stock markets, and completely green to day trading. My first day live on the trading floor was 2 days after the October 08 crash. It was a tough time to grind with the firms newb structure. They wanted us trading yawners like Ford, Fannie n Freddie (penny stocks by the time i'd first trade them), the usual top ten actives....i prefered the stocks that were taking wild rides (intraday) at the time, like my old favorite Goldman (boss loved me when i had good days on GS, secretly hated me when i got beat up by it lol).
I was hired to trade nothing but NYSE symbols and the /ES, they also had a TSX side(and then also TSX:V). Once you passed thru as a NYSE trader you could then buy your own entitlements to trade NSDQ, AMEX etc
I have a GED and got hired over geeks with degrees (one MBA in my round of hiring, SICK BRAG? gay), based on my background in poker, and the fact that i made their lil math/speed test look silly. It is 100% true that education is not a factor in breeding a trader.
TLDR, i want to go back so bad or find a new gig, half the office was chinese, kitchen smelled amazing as a result. I BOMBED OUT IN THE END, I WAS JUST TOO GREEN FOR MY OWN GOOD.
I wish the new management would throw this dog a bone, I am def ready to go at it again full time and start banking.
US Government: LinkedIn Agreed To Pay $6 Million In Overtime Wages To Hundreds Of Employees
http://www.businessinsider.com/linke...e-wages-2014-8
Made me think of FuckedCompany.com during the dot com bubble. RIP does anyone remember the site?
Wiki nails it
Fucked Company allowed employees to post anonymous comments on why their employer was losing money, had abused employees, was discriminating against some group, identifying unethical managers and defective products or services by name. Employees were free to explain why they thought the companies were going out of business.
The posts were transcendent. It was a golden age. Every night guys would post about the absolute fraud the outfit they were working for was. Flooz.com, DEC, pets.com, Broadcast.com were funny as I recall.
What I would give to read the inside cynicism regarding this new social media bubble.
GPRO Poster child for late stage social media IPO testing limits of stupid investors. Pets.com with cameras. Hilarious. The employees gotta be pissing themselves.
Except the P/L never reflects the huge equity being doled out to these same early employees.
Putin has made my summer. Shut off the gas to Germany and we will pinwheel around til September.
WWE on the move. I won't be "closing" that recommendation for a while.
TWTR lighting up that Putin marching on Ukraine - Dow dumped 100 pts in few min. Still holding stupid TWTR puts.
Irony
Putin loves the action.
This is your pivot up. Chaps.
Just looking at stuff.
Casino stocks got hammered today. Big negative volume and bad candles. Yikes
They gapped down in the morning on bad Macau numbers last night. GG GL
The Sands is colossally fucked up.
MGM
Sands
Wynn
Last edited by Sanlmar; 08-06-2014 at 09:37 PM.
Druff's pal Caesars is a train wreck too.
LVS Sands gives up another $1.80
Sands Casino 1996
GPRO short interest grow about 32% since your post! Chaps. Squeeze me.
So, I am long for a swing, $38.60.
Still short TWTR.
Kind of a hedge.
Way oversold mkt. good times.
Well if Russia continues on this course, short the whole market.GPRO short interest grow about 32% since your post! Chaps. Squeeze me.
So, I am long for a swing, $38.60.
Still short TWTR.
Kind of a hedge.
Way oversold mkt. good times.
Me personally I could go for a 20-30% market crash. Unfortunately didn't have a lot of cash for 2008 but am ready for the next one.
Social media penny stock ZNGA Zynga getting hit after hours.
This social media nonsense was helping to prop up mkt. kill them all
Follow up. Made a little off the casinos today. I am done with them.
LVS Sands short when it broke $66.70 @ noon. covered $66.20. Morning downdraft was too quick for me. +.50
MGM short when it broke $24.90 @11am. Covered $24.60 @ 1:30p. +.30
Wynn short $196.85 covered $195.10. +1.75 big dollars in play but that was the purest setup all day
We are gonna bounce tomorrow. Feels like a gap up that will be hard to trade. Prolly a trap. I am usually flat but I took a few including Chap's GPRO for a swing trade.
We will see. Violating the rule about closing all positions EOD will probably result in a beating. I will assume the position.
Dang, that's real low on ZNGA. Will have to take a closer look. Used to be a fan. Will try not to force a recommendation out of it lol.
Went out to watch some football & baseball and have a few drinks with the boys.
Come back home with a nice buzz and a full belly.
Learn WWIII is declared the one night I go long.
VIX spiked. Oil gold up. Futures down. Treasures rallying. Every world market tanking.
FML.
Thx Badguy
TWTR August 29 Put from 8/1 post bought @ $2.56. Sold $3.00. +.44 17% pretty cool
So I stubbornly held GPRO since Aug 8th for a swing. Thinking short squeeze. This tied up that money that shoulda been working. Don't be afraid to book a loss, right? That is how you stay in the game. However, I have been mystified and stuck it out.GPRO short interest grow about 32% since your post! Chaps. Squeeze me.
So, I am long for a swing, $38.60.
Still short TWTR.
Kind of a hedge.
Way oversold mkt. good times.
Dow moves up 500 points in the meantime so obv there were better spots. I suck.
So, having been shown I don't know what the fuck is going on here I booked this as it moves into congestion. It's prolly done for today.
In $38.60 out $39.35. Net .75.
lol CZR wild ride off that low from a few days ago.
GALT looks interesting after bleeding off for a while.
You sure do love the underdog. Love to see your stock screener. WWE was great.
Problem is that was the move. Both nearing congestion.
CZR is so fucked up that people celebrate the fact they got a payday loan.
They still have the Atlantic City mess. Not that I trade the news.
There once was a lady from Reno,
who lost all her cash playing keno,
so she laid on her back,
opened her crack,
and now she owns the casino.
Don't trade CZR what you're essentially betting on is how much of a hit is Apollo willing to take on a restructuring. Trust me, that's a gamble you shouldn't wanna take.You sure do love the underdog. Love to see your stock screener. WWE was great.
Problem is that was the move. Both nearing congestion.
CZR is so fucked up that people celebrate the fact they got a payday loan.
They still have the Atlantic City mess. Not that I trade the news.
There once was a lady from Reno,
who lost all her cash playing keno,
so she laid on her back,
opened her crack,
and now she owns the casino.
Buy long puts greater than 6month, and lomg > 1y cds. OpCo will file, it's only a matter of how and when
I wish the new management would throw this dog a bone, I am def ready to go at it again full time and start banking.
Probably not pal. Stick to watching the Wall Street movie and dream. This is the movie that stars Michael Douglas and Chuck Sheen, came out like 20 years ago.
Market is poised for a HUGE crash. You best bet is to sit on the sidelines, and focus on some scraps. Given your resume in a hot market today, you are completely finished. You may have a opportunity if the market crashes though, it will clean out the MBAs and focus on workers. You window is closing, but still open.
Have a nice day.
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