Recent content by tradermike88

Eprado, I noticed your post regarding why I would make such a trade. I make many types of trades like this throughout the day. In fact, sometimes at the open I will wait for GOOG to gap one way or another and then trade 500 shares of GOOG against the gap once the direction turns and take profit...

I would like constructive criticism on my scalping strategy to trade at the open. I will select Nadsaq - 100 stocks and wait one minute after the opening. I will look for stocks that go either straight up or down from the open then I will wait for a few ticks in the opposite direction and place...

MarketMonk, I did read your advice and found that information very interesting. Just to clarify, I was using Etrade Pro, which claims to be a direct access broker. Is it not true that other retail brokers like Tradestation, IB, etc.. also route your orders to designated market makers. My...

I learned a lot from Alexander Elder's "Trading For A Living". JMHO, but with only a few thousand you would be better served to not try and day trade right away. I would recommend to try and do swing trades. No matter what DO NOT use E-Trade. They are the worst broker on the market. Ameritrade...

This was the exact response I got from them "Trade Inquiry 221559066190 on order 108 to sell 500 shares of IBM has been reviewed. E*Trade Financial follows common industry practice to expire orders 20-25 minutes after the close of the market. This is done in the event that an order was...

"Auto" means that they route the order to a market maker of their chioice. I made a big mistake doing this and will NEVER do it again. They looked at my trade dispute and offered me 10 free trades. They said that the reason I could not cancel the order for 20 minutes is that they give their...

TorontoTrader, I used their "auto" function to submit the order originally so I am not sure where they route those orders to. Obviously, I will never use this "auto" function again. So is it possible that I routed my order to the NYSE specialist on this stock when I placed it before the close...

Thanks for the well wishes. I am really upset and don't understand what happened to my sell order. I tried to cancel my 99.65 sell order several minutes before the earnings were released. It was stuck in a pending cancellation mode for over 20 minutes until someone at etrade finally killed the...

Hi, I bought 500 shares of IBM about 5 minutes before the close at $99.45. I then placed an order using their "auto" ecn to sell these 500 shares at $99.65. I was trying to make a play on the volatility from the earnings release afterhours. A few minutes after the market closed I cancelled...