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Non-Tech
Meet Gene, a NASDAQ Market Maker
An SI Board Since July 2000
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Emcee:  DizzyG Type:  Unmoderated
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1101"you're going to lose more than that some days" "the misconcJon Tara-9/27/2000
1100$300/day hardly seems worth it, as you're going to lose more than that some dannobee-9/27/2000
1099Don't get too wrapped up in equating what dealers do to what daytraders do. LPS5-9/27/2000
1098Hi booters; Re the relative return for market makers... I'm saying somethiBilow-9/27/2000
1097<I>From a trading perspective, however, I consider $300 per day on $100K ibooters-9/27/2000
1096rjm2, <I>$300 per day on $100k ? Hmmm. </I> I assume your responsebooters-9/27/2000
1095<I>If someone hired you as a MM, I don't think they'd only supply booters-9/27/2000
1094All such firms have different splits, payout schedules, and cost assessments; plLPS5-9/26/2000
1093Hi LPS5; And how much average daily profit would satisfy that proprietary firm,Bilow-9/26/2000
1092Most proprietary firms and funds start in the neighborhood of $500,000/tdr; a deLPS5-9/26/2000
1091I submit, it's simply not sustainable over the long run regardless. Unless orjm2-9/26/2000
1090From an investing point of view this kind of return would in fact be very respecdli-9/26/2000
1089$300 per day on $100k ? Hmmm. $75k a year on $100k in capitial ? You may be ablerjm2-9/26/2000
1088Hi booters; If someone hired you as a MM, I don't think they'd only supBilow-9/26/2000
1087Carl, <I>So my guess is $75, $150, and $300 per day</I> To make subooters-9/26/2000
1086Hi Gene, Question if I may. When accessing real-time quotes it seems that a bid grinder965-9/26/2000
1085RE: Intraday Data, Anybody have any experience with the data/charts from prophetAlski-9/24/2000
1084Thanks, Dan. I was using ABWatley's RealTick system. It had a lot of user-deDr. Diligence-9/24/2000
1083Dr. Diligence, <I>what intraday charting system do you use?</I> I&Dan Duchardt-9/24/2000
1082I began to read this board in order to find good real time charting software thaDr. Diligence-9/24/2000
1081a warm and tingly feeling inside.ISOMAN-9/23/2000
1080What motivation would a specialist have to guarantee a price while working to gerjm2-9/23/2000
1079No problem. Of course you'll see QQQ on Island and possibly other ECNs - itLPS5-9/22/2000
1078LPS thks, QQQ is traded on ECNs too (Island, at least) EOMmanfmnantucket-9/22/2000
1077Hi, MfN, Sorry for the delay, I just returned from a business trip last night. LPS5-9/22/2000
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