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  1. M

    Switching to the NQ...

    This makes me laugh. Quite trading index futures and move to stocks. NQ is not any better. And get rid of any fancy green and red indicators you got up on your charts. All you need is candlesticks and volume.
  2. M

    Spreads tighter than ever before? Think Again.

    First 5-10 minutes of the open represent the best trading opportunities. Around 9:40-9:45 is when the HFT's settle in and spread narrows. Of course HFT's don't add liquidity. Volume yes but not liquidity. The open is too volatile for most HFT strategies so they sit on the sideline till the dust...
  3. M

    Goldman Sachs Traders Are The Best !!

    http://www.zerohedge.com/article/case-quant-trading-industrial-sabotage-about-destroy-goldman-sachs Heres an idea... This has all been swept under the rug. BAC, JPM have similar trading records. It is not a group of great traders. Its a group of financial mathematicians and programmers.
  4. M

    What do you consider noise?

    Noise is any price action that is not tradable. Where a tradable pattern isnt identifiable. Obviously, what is considered noise varies greatly between traders. As far as Elliot wave and other technical analysis beyond simple support and resistance/chart patterns is waste of time in my...
  5. M

    cnbc ‘freaking out’ over low ratings.

    They used to break news now they just report news. Most of the anchors/analysts with any credibility and connections left. Haynes died, Burnett left, Gasparino left, etc. Gasparino used to break all the headlines. David Faber is the only editor left with wall street insider info. Jon Najarian is...
  6. M

    Have some interesting trading data...

    My only suggestion would be to use a different symbol to analyze. A stock with less volume where patterns would be easier to identify. A single stock that is in play. FAS is highly efficient and order flow doesn't dictate its movement. The movement of its underlying assets drives price...
  7. M

    HFT regulation debate

    I just can't see how there can be an argument that HFTs increase liquidity. Yes volume is up but not liquidity. HFT's will be the first bids to back away. Flash crash demonstrated that. There was a time before HFT's and liquidity wasn't an issue then. HFT's are now floor brokers/specialists...
  8. M

    Prop firm deposit 10-30k 100% payout?

    It is infinitely easier to judge where a single stock will move rather than the entire market index. Stocks are much less efficient than futures or forex. Inefficiency = money. There are thousands of stocks to choose from each day. Only a hand full of futures/forex to trade.
  9. M

    What are algos actually doing?

    This is easier to understand for a trader with experience prior to Reg NMS implementation. Before Reg NMS crossed and locked markets existed. You would often see a bid crossing the offer. There would be a bid on INET for 20.20 while there was an offer on ARCA at 20.05. It was a free 15cents. You...
  10. M

    What are algos actually doing?

    The point here is that the latency arbitrage traders are co located at the exchanges. They see the order flow before any one else by milliseconds. The NBBO is a national system. Each exchange is linked to and updates the NBBO. ARCA, NYSE, BATS, EDGX, NSX, CIN, UBSS, NSDQ, etc etc... Each...
  11. M

    What are algos actually doing?

    I am guessing Getco or Tradebot. Its from a WSJ article but didn't specify the firm.
  12. M

    What are algos actually doing?

    Rebate trading and front running. They use predatory orders to scan liquidity in dark pools and the market and then trade accordingly. They mostly use EDGX and BATS since both these offer a wide selection of order types designed for algo trading. I think something like 51% of all BATS...
  13. M

    Penson is STILL making changing to all their 1099's. OK to file anyway?

    Every one is having this issue and the IRS either knows or will see this from the millions of fillings. Im filing my calculations.
  14. M

    sterling pro help please

    Nope. Your SOL in that department. You would think that would be standard. Just get madscan. Its cheap and has plenty of other goodies. Get Stealth Alerts once youve got some experience under your belt.
  15. M

    What happened in Coke?

    Buy imbalance is all. Simple
  16. M

    Capital Traders Group

    Give it up SGTSLOTTER.... You dont know what you are talking about... 99% payout is standard and legal. Been with CTG for 7 months now and have always been paid out on time and all calls answered immediately. Top notch firm. I have traded with two other firms, both top notch. One was true...
  17. M

    Wait. Trading is hard?

    You answered your own question. You aren't motivated like you once were. You need to find that passion again. As cliche as it sounds. Things change you make or loose $20 a day. Maybe its time for a new instrument to trade. All the lessons you learned will carry over. Maybe that will spark some...
  18. M

    "Fixing" Options Trades

    Never start a new position with a loser.......
  19. M

    Whats the best paid site for stock news?

    Its both audio and web based. Fee is $350 a month which is well worth it. Pays for itself many times over.
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