Recent content by FulltimeTrainee

For rebate traders, it's definitly a good news, but for those who hit the market key, it will be an extra 0.003$ per share. Trading NYSE stocks is becoming as expensive as trading Nasdaq stocks. Will your profitability be affected? What will you do? Routing your orders using other means?

Will the ecns on nyse charge as much as they charge on nasdaq stocks for taking out liquidity? If they do, that means I will have to tweak the way I entry and exit, I use market key all the time. I'm at Montreal. Those stocks do move over 12 cents a day. Today I short Ge at 34.99 twice...

For the past 2 weeks, I have been trying different stocks, GE, S, F, CDE, EMC etc. Which branch are u trading at?

ChaosNSX Thanks very much for your helpful advices. In fact, it's my second month in the prop. The first month I has graduated in the firm by using rebate trading. As result, I don't have much experience on trading volatile stocks and I still don't know any profitable setup to exploit...

yea, I'm trading at a prop shop right now. The thing is that I'm learning everything on my own. I would like to know whether I can make it this way. I do think learning to trade this way is a lot harder than those who have good mentor. Btw, you said ecn activity can be very confusing, doesn't...

Thanks for your advices. My real question is whether I can't learn to trade well on my own? Or none of you successful traders (making enough for living) has learn to trade on your own?

Do you mean I can't be a self-made successful trader? I'm a beginner at prop and I do wish that I could have someone to learn from. Right now, I'm struggling to learn to trade on my own. I'm affraid that I have the wrong idea on what to look at. My main focus is on the ecn activity, and from...

What are market shorts?

It depends on how complicated the model you try to create. If your models are based on technical indicators, EasyLanguage in Tradestation can do the job. As the name implied, EasyLanguage is easy to learn and to use. I'm not a programmer myself and I just spent a weekend to look through the...

Do you mean losing it on purpose or losing it by trading the market normally? Anyway, if u mean to lose it on purpose, it's quite simple. You can buy any stock, let's say IBM. You buy 12500 shares of IBM at 80$, and offer it back to the market at 0.01$, You will lose almost all your million...

90% of traders at my office are swear guys. They would swear in different languages: english, french, italian and chinese. Sometime, they are all on the same side doing the same stock and got screwed all together, all the swears go off at the same time giving a better signal than the squawk box...

According to my tiny experience, no, if the price go straight forward to 2 cents higher, your bid won't be filled. I have tried something like placing a bid as soon as the last ask become bid, but if the price is to go straight forward to next level, my bid won't be filled. Mostly my bid gets...

I'm up to a level where I can make gross profit consistently by scalping couple nasdaq stocks, but my net profit is close to 0, sometime even negative. The net profit = gross profit - (execution fee + clearing fee + sec fee + activity fee + gateway fee). The gateway fee is what kills my net...