Recent content by MyOwnBoss

Your compliance department may not catch on, usually they don't have much of a clue. My vote would be to not flow everything through your brother, it will probably turn into more work than you thought. Also, is it worth potentially losing your job over? I'm in the same situation with a...

Ask to see the firm P&Ls. A good firm will gladly show you. Ask how many traders are consistently profitable on a daily basis, that will help too. You definitely want to work with experienced traders, probably in a 5:1 ratio (new guys to experienced traders), and you want them share their...

Find a rules-based system you're comfortable with and get to understand it well. Chart it, watch it, analyze it, question it, but most importantly have confidence in it. Over time you'll develop your pattern recognition skills and you'll start getting into trades before you even realize you're...

Stochastics and RSI are great until they're pegged in the over-bought or over-sold during a rising market or a big sell off. You'll hack trade after trade looking for the reversal point. I pair oscillators with other indicators and use them more for confirmation. I think they're useful but I...

Does ARCA accept mkt orders at all? I worked at the wire desk of a mid-sized brokerage house and I recall ARCA canceled any market order we tried to send to them back to us. Just my $0.02. M.O.Boss

Cramer is such a hack. He represents what most of the country thinks of when they picture a trader, a great disservice for all of us who do our homework, take risks, and sweat it out in the trenches moving toward profitability in our trading. He could only come up with semi-legal trading...

Don't know if this will help, but close out all of your other Web browsers except the one with the site you want to check out. Go to your MS-Dos prompt, usually Start Menu---Programs---Accessories---Command Prompt. Type netstat at the prompt line and it will show you all of your web...

On a related note, does anybody know why some iShares historical data is no longer available on Yahoo Finance? My only guess is that it's a licensing thing... TIA

Next Day probably refers to the trade's settlement. The cash on normal trades moves on T + 3 business days. In this trade's case, the cash will move on T + 1, the "next day" of the trade. "'I'd rather be rich than right."" --MyOwnBoss

If we want action we need Greenspan to speak.

Ask your broker for a "worthless" letter. That will basically be the confirmation of your buy to cover at $0.00. Some brokers have an internal worthless securities account where, as a service, they will transact the buy to cover for you at a net trade amount of $0.0001 or thereabouts. Good...

It just starts to happen after a while. Finally you will begin to trust yourself, that's when the fun starts. You'll just know, you'll no longer need to think and doubt yourself.

Institutional equity trader = Beats the VWAP, has employee trading policy, limited earnings potential. Yawn.

Golden Sacks must have serious inventory to unload. I'll take the liberty to call the audible and not go long at this time.

Yes! Say no more! I've been breaking even for a few years, but now I'm starting to "feel" the trades when I scan my charts. I'm starting to get in tune with the language of the markets, it's translating over, finally. Had the best trade of my life a few weeks ago. Saw the stock was ready to...