Recent content by Mike21

same problem

Before going live I suggest you learn the difference between a limit order and a market order... and how the queue affects your fill on a limit order.

A few months ago I switched from Lightspeed to IB for daytrading stocks. I've used IB in the past for futures. The first thing I did was change the 'stop' order type from the default "double bid/ask method" to "last". I didn't see any advantage to the double bid/ask method. But recently I've...

maybe because of the new uptick rule

http://www.nytimes.com/2010/12/10/business/global/10daytrade.html?_r=3&ref=business .

And what is your definition of a successful trader? .

Has anyone taken Ken Chow's course? Any feedback from past students would be appreciated.

Words of wisdom... It's surprising how many 'so called' VSA experts can't comprehend this simple concept. .

I've been using two of them for over a year with none of the problems you discribed. http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=4266219&CatId=466

I lived in Newport Beach for years. Now I'm a little bit south in Dana Point. There's a reason it's expensive... it's a great place to live. Good weather, low humidity, no bugs. I walk on the beach almost every day... great stress relief after a day of trading. In the winter I'll take a...

J, Read 'Master The Markets' by Tom Williams. Google it... you'll find it out there for free. It does a good job of explaining the relationship between price and volume. ~Mike

Not sure why you ended your sentence with a question mark. For daytrading money management is the key to success. Every new trader thinks they're going to pick 70+% winners and the money will take care of itself. Then reality sets in. As time goes by you realize 40% winners with a good...