Recent content by watchthetape

If anyone would like to join me in locating and sharing an office in the Los Angeles area, please let me know. Ideally I would like to find one or two people to share an office around the Sherman Oaks, Studio City, Beverly Hills, Hollywood area. I am looking for others who have a...

I think many have mis interpreted the "Edge" as referenced in Market Wizards. I believe it is simply a statistical percentage advantage based on ones trading style or methodology. Over time the edge one has will be clear. The more one trades in a disciplined and replicated methodology, the...

Even with a modified NYSE system, you will still be able to observe how size is being absorbed, offers taken and re offered or bids hit and re bid, how size moves price or doen't move price etc. Watch the composite tape in addition to the nyse tape and take note of the relationship between the...

I recently changed from IB to another broker and primarily route to the floor via Dot. I now get locked out often. When at IB I used smart routing and rarely ran into a lockout problem. Am I correct that if IB routes away from the floor the 90 sec lockout does not apply? And, any...

I am interested in finding another experienced trader to share an office in the Los Angeles/Beverly Hills area. I have been trading successfully for many years and I am just looking for an office roommate who also has a professional full time dedication to trading.

I dont think taperading is dead but it is different. I think the ability to read the NYSE tape and scalp is a tough way to go these days, once the nx came in and the inside quote often goes to 1x1, it has become very hard to really get an idea of what is going on. The open order book has...

What is the fair commisison rate for a 20k share a day trader? People seem to be more comfortable being vague about their comssion rates, but it would be very helful if some of you guys would tell me what you are actually paying. Thanks

185,800 crossed at 76.11 on the Midwest, the signifigance is not where it traded but rather that it was at close to the high of the day and the stock reversed and closed down on the day. The stock has been steady and strong for the past few days indicating a size buyer was accumlating shares...

I would appreciate some current comments on Assent, both good and bad and in particular are they a reputable and well run firm. Some comments on their financial stability would be helpful as well, does anyone know if they would stand on their own regardless of their affiliation with...