I will never forget that early day in January. At the time the market was severely oversold and when it happened, the stocks I was watching (IBM,...
Wet: We have had this kind of conversations on another board and I do not wish to carry it over here. I think we are going way off topic...
Reading a specialist is just like reading market makers, you are trying to learn their pattern, do they blow stops, do they trade with large...
Wet: We are only successful at a certain field when we are doing it for a living. At equivalent tiers, professional basketball player is...
Wet: If you have a fixed criterias for your system (the market index moving average crossovers or tea leaves reading doesn't matter), then of...
Have to cast my vote on NYSE for now. Reading one specialist is easier than reading multiple market makers, liquidity, many more sectors to...
Sure I would post a screen shot when i get a chance. I have never day traded Nasdaq professionally (Datek + Quote Tracker doesn't count) so I...
While I agree ultimately it all boils down to tape reading, I have to say based on my experience (and many senior traders at my firm) stocks do...
A bullet is a married put which in a nut shell allows you to bypass the uptick rule. It cost $75 to put up a 1500 (minimum) shares bullet for me...
The summer market has a strange way to punish aggressive trading. Every time I go on a run and think I can afford to be a little more aggressive,...
Damn, where did you get those precise numbers? I noticed you do things in a very planned/precise manner, I am almost ready to say that you will...
If you have been trading for a month and losing your shirt, don't feel bad, you are not alone. Up until last week, I have made less than people...
In swing trading, yeah, I know some people who do ok with a 100% mechanical system, but they will never be as good as discretionary ones. In...
First of all, I am not aware of a single profitable (let alone successful) system day trader at my firm, if anyone know any please let me know....
If it could be done, people would have already done it. There are entire teams of developers very well funded doing this as a full time job, but...
No there is no volume requirement, but obviously if you don't do sufficient shares you will have trouble getting the best of the best commissions...
Try http://stockcharts.com/def/servlet/SC.scan, they have a very hefty collection of various candlestick scans and it is free. While you can not...
For me, I would trade either NYSE or Nasdaq, not both at same time because the underlying differences is significant for a day trader. It is...
First of all, forget about depth information, nobody at my firm looks at what hell is going on at other exchanges, total noise most of the times....
>I only have one person to answer to: me. Same here, personally I think if you are down some rediculous amount of money, having someone to...
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