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This may be a long shot, but I'd like to throw this out there. I come from a prop background that focuses on scalping, and I'm looking to move to swing trading. I know scalping is great for some, but it definitely does not fit my personality. A few years of this and I am exhausted. The...

Yeah, I agree. Might be because there's probably been a lot more people flocking to online trading since then, as it's a very new industry. Less experienced traders from off the floor who know what's going on behind the tape--and are less belligerent because they don't feel their self-esteem...

Ah, so you're saying in that case his ability to push it down .15 would be limited as the order could be immediately passed through to liquidity on ECNs, up to .15 down? Ultimately that volatility will drop due to increased access to liquidity off the exchange that we won't be able to read...

So you're saying a specialist will no longer be able to gap/up a stock for a cleanup print but will instead send it off to other exchanges if there's no liquidity nearby? Not sure what you mean about locking and walking the stock up for a minute, unless you mean turn off direct+ and hold market...

Two threads that have helped me a lot when it comes to understanding the mechanics of the NYSE tape. This is an old one, so some of you might recognize it, but I wanted to pass it along to some of the newer folks as well. Not enough solid resources from wise people out there, so I hope it...

I've talked to so many different prop traders and but your experience seems to be par for the course. It's unusual to see this since a clean, low cost, honest business model would be able to steal greater market share, but you can tell the people behind these firms have no true respect or...

Your rate is absolutely awful. For the volume you do now it doesn't matter, but you will see once you begin to do even over 10k shares a day that it will kill you. And, if they are like most chop shops, they will hassle you the entire way if you try to get your rate dropped. Just be aware...

Large size for me would be 3k shares. But really, it's such a subjective issue that depends heavily on the capital, holding period, and risk management of the trader. In certain homebuilders/energy stocks, there are times when I can take 3k and not worry in the slightest. Other times I...

I've wondered how often mechanical systems are designed for anything shorter than swing or position trading. I have heard of black box algorithms that are designed to catch quick intraday movements or find arbitrage opportunities btwn stock and option prices, but those seem more rare. I'd be...

Oh sure, I agree with you that no flexible trader can be pigeonholed into just one holding period, and that these definitions aren't absolute. I scalp equities for the most part, though a majority of my profits come from catching 40+ cent intraday moves. It's just those profits come from tape...

Thanks for the revision, ChaosNSX :)

Unfortunately I can't modify the poll. Won't be a representative data sampling then. Arg.

Oh god, of course! Sorry. Rewriting post.

Just a quick poll to get a sense of what style most traders on ET seem to prefer. Let me know if I left out a popular option (I don't know much about forex trading styles, for example). I scalp myself, but would eventually like to branch out in a few years.

They're the same person, or at least a few of them are. He's also on target w/r/t Freud, though the unnecessisary verbosity doesn't help much.

FNYS is not a chop shop. Much more respectable. Chop shops are standard day trading firms that regularly recruit new traders and look primarily at your trading volume in structuring their deals: Carlin/Generic, Hold Brothers, Genesis, Andover/Assent, HLV to some extent--at least those are...

Actually I forgot, Oldtrader also. Folks like that keep me coming back.

FuturesTrader71 Also, haven't seen many posts by lescor, but when I do they seem to be very insightful.

I have a feeling the market will sell off, but not necessarily because of Sharon. We're at the top of the established range here and today's action was lackluster.