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Jim you are seeing the worst of NYSE trading with SPY. I set up a program to arb NY trade-throughs with ECN's a couple years ago. I figured if NY is constantly printing outside the inside ECN market there must be some money there. The problem was that the program needed to adjust the envelope...

A lot of these bids and offers are traders enveloping like Don mentioned. When the market rips or that stock gets close to their price, the orders are cancelled and usually moved. This method requires lots of BP for all those outlying orders, and occasionally a news story will get the best of...

I believe NY switched to 5 sec updates a while back so make sure Esignal is doing the same.

Posting my numbers doesn't help my trading at all...but reading others does help motivate me to do better. This is why I participate in the thread, but just as a monthly summary. Hopefully some guys who are struggling can see what consistent trading can be, which is really the point. Not to...

Esignal has DDE capability. It's the most simple way to get data into excel. http://www.esignalcentral.com/support/faq/esignal/dde/

There has been an open print for Nasdaq for some time now. There is an order type to participate in the "Opening Cross" called OO in Laser. Is there something else they have in the works?

jftrader those little trades are on ECN's and have nothing to do with the NY open print. The 58k trade was the open print and if you offered stock lower than that, or offered to buy above that price then you would have been included at the $58 trade. I suggest having T&S like my pic so you...

If you are a profitable trader with a firm that pushes an OPG strategy, they will extend this kind of BP...how much depends on your track record and how long you've been with the firm.

There are prop firms that give you this much (or more) for $25k.

I'll mostly just post my monthly's like on the old thread, but in the spirit of the new year here's todays results. Really should have been better because I gave some back in the last hour but I won't complain.

Pretty tough month. Looking forward to 2006!

Yeah i've thought about it but i've never been fond of overnights. You could always hedge your fills against ES too.

To expand on my first post... I've had much success with automation in the past 3-4 years, but it wasn't until I found strategies that were already profitable. If you are still on the path to profitability I think messing around with automation can actually be a detriment because you should...

Like they say..."Garbage in, Garbage out" Make sure you have a profitable strategy before diving into automation.

If you trade remote from one of the more popular firms you will get the following: -No volume restrictions, although usually volume breaks if you increase. -Usually nobody will be monitoring your individual trades. Often they employ risk management software so they can see your P&L to...

"My bottom line would have been 2.5 times better than what I made till date." You answered your own question right there. Even with your volume don't settle for less than .005.

That won't work because if the market is gapping down, then PFE "should" gap down also and then you have no edge. The idea is to catch a stock away from it's opening fair value, not just a stock that gaps.

All of your questions and concerns have been asked and answered dozens of times here on ET. Try the search function.

That seems out of the ordinary. Are you sure this isn't a monthly commission rebate once per month? What broker?

With Cyber, Bright, Assent and Genesis you can cross the market in NY stocks any time with any ECN. Just make sure the route-out feature is turned off, and that you aren't using a smart order feature from your broker.