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Having the specialist book available would be interesting but I doubt it would even increase volatility. Most institutions disguise their large block trades from the specialist today, anyways. Most buy-side institutions usually use large-block brokers or third markets. I would really be...

mjt. I don't believe that you would be stuck with the 38% tax bracket. If you file m-t-m, my understanding was that it essentially allowed you to count your gains, loses, and expenses like a business. So things like commision, data feeds would be expenses. Wouldn't the tax bracket depend on what...

Hi Cormac, are there actually brokers out there that will let you connect to them via a frame network? Can you suggest some? And will they do the provisioning (hopefully to save some bucks)? I actually just called the TradestationPro folks last week to find out if I can get my data via frame...

I happened to ask my account the same question and he said not really.

Thanks for the interesting feedback. I had been considering satellite but was concerned about latency. The biggest problem I'm having with DSL is the latency and reliability. I use a national DSL ISP but they have an extremely poor network (with too much backhauling of traffic). And routing...

With most DSL ISPs going out of business and the current batch of broadband providers offering such poor service, I was wondering what people are using for data and online brokerage connectivity.

icarus618, I found your observations very astute. And yes, only time will tell how this new rule will effect the market. nytrader, as dlincke indicated having a series 7 means that you are an employee of a brokerage and that you are trading the customer's or the firms capital. I believe...

The actual proposed rule is here for anyone that hasn't read it yet. http://www.sec.gov/rules/sro/nd0003n.htm The rule coincides with a study that the SEC conducted on daytrading in Feb of last year. It was interesting to me that the study noted that: <i>"The SEC has received...

I was trying to figure out why the NASD would propose such a rule. It seems to me that by limiting the number of would-be traders and investors, it would reduce the amount of commisions and 12b-1 revenues for their members. Seems counter-intuitive. Then it kinda occured to me. Here's my best...

I finally activated my Datek account to trade options. I received an email saying that my account was activated for level IV options trading: 1) Covered call writing and married put buying 2) Buying calls and puts 3) Qualified spreads 4) Uncovered puts. Previously, I had been doing...

I vaguely recall when I filled out the U4 many eons ago that only felony convictions needed to be disclosed. But I don't know today. Perhaps you should ask your question at the message boards on http://www.seclaw.com. It's a web site for securities law. Your best bet is to contact a lawyer.

Not to sound stupid but what's DayTradersUSA? Sounds interesting.

I just checked my Datek account and you can enter stop-limit orders when you enter the buy or short orders. Commissions are $9.95. These are stop-limits. Not stop-market orders. There was a thread about stop orders a few weeks ago about the difference. Essentially, with a stop-limit it is...

I'm pretty much a newbie myself but I did just come across a interesting book that describes scapling nyse stocks. The book is called "Day Trade Online" by Christopher A. Farrell. It was an easy enough book to read. Essentially, it describes a technique for scalping low volatility nyse...

I would be surprised on a cut as well, I tend to agree with white17's sentiment. But that being said, it appears that the market has already priced in a potential of an intrameeting rate cut yesterday, based on Wayne Angell's comments. And if the Fed does cut intrameeting, I'm not so sure if...

Maybe I read it wrong but I thought that the Centocor/J&J deal was a cash deal and the final price was based on whatever was in the merger agreement. But you're correct, according to the article even in this type of cash tender scenario it's unlikely that the stock price will close above the...

The risk-arbs cause this. I worked with the head trader of a risk-arb firm once and he explained it to me once but I found this article which would do a much better job of explaining it ;) http://www.thestreet.com/comment/cfeatures/790399.html A risk arb in a stock exchange deal is easier...

That's what I thought too. But I just signed up for the new Tradestation Pro and I actually read the Exchange definitions and according to it: You are a professional if "you use the information in connection with any trade or business activities." Since I was planning to file...

Are other people here paying professional exchange fees for their data? Just curious...

I was reading some of the older threads regarding electing Mark-to-Market. I was wondering what people would recommend. Is is adequate to elect Mark-to-Market status or is it better to form a Sub-S Corp which has elected Mark-to-Market? Unfortunatedly, my current tax accountant is not versed...