Prop. Trading

[wsam29]

I can't remember where I had made a post regarding prop. trading firms and the brief time I spent there.

There is one major advantage they get when it comes to NASDAQ stocks, they can purchase what are called "bullets" which gives the trader the privilage to short at the market without a down tick as it is requried for "public" traders.

At the time it was $50 per ticker symbol, per day or somethng like that, I cannot remember exactly.

What reminded me that was my brief 100 sahre trade in X, having read so much about X from the old school traders, I thought I have some fun with a short trade, my fill, 1 tick above the low of the day!

Another reason NOT to day trade stocks on the short side.