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me too. I write puts sometimes if its a stock that I want to own - i.e. not a stock I want to daytrade, but one that i want to swing/position trade. BUT DON"T GO WITHIN 100 MILES OF AN OPTION CONTRACT IF YOU HAVE TO ASK SUCH A BASIC QUESTION ...even writing puts for a stock that you want...

why would any direct access broker want any clients that were going to trade less than 100 shares a time? waste of their time and resources. IMHO

The pits have got to go. but lets look at the whole US market system is an antiquated dinosaur.... pit trading in futures...... pit trading and switch off the autoex when we don't like the prices option exchanges... the nasdaq market making system.... the nyse specialist .... electronic...

your reasoning doesn't apply to the old womans strategy. She picks a stock....and keeps it until it moves 10% in either direction....thus, every trade will be either a winner or a loser. The only way it will not be a winner or loser is if it never deviates 10%. My argument is if she used...

Broker - you go to the pub hear a rumor call a bunch of clients get them to buy it....if it goes down you call them all up and say switch to this one.....and then when it goes up you call your clients and say switch to this one....the more volatile stocks the better as you switch em in and out...

Easiest way to make money is legal insider trading. The market is not transparent - if something materially fundamental is going on with the company it will not remain a closed secret. Joe CEO will show off to his doctor, Barry Romance will tell his lover, and Dodgy Director will set up an...

Don - I thought Blairs guys and Timberhill were pretty much completely mechanical. Interesting that everyone put down the old woman...I threw it out to test the waters here. Magna - She wasn't putting all her money in to one stock at a time just had a 10% gain/loss strategy for each stock...

No. However I believe there was some pressure to put up the margin levels.... guess well find out soon enuff.

Good deal - but they are desperate for market share and quickly. If they have to clear through BS and Refco - that's a cost...plus they will have to cover ECN costs and execution costs....and ECNs are only cheap if you have the volume in the first place. They are going to need many customers...

magna so if I can't get 60% - how much do you suppose I can get?

Sorry I should have given more details. Refco, IB, Rosenthal etc are FCMs and must be registered with the CFTC, and fulfill all necessary compliance and capital obligations. GIBs are Guaranteed Introducing Brokers, that is they are introducing brokers that are guaranteed by the FCM. All...

$2.28 per r/t

i wouldnt bother with easyscreen - they're virtually bankrupt. Refco only bought a stake so they cud inherit the software. As for pats well its tick tock tick tock for them....check out their financials - they're a listed company so easy to find....not to mention all the shareholder troubles...

Article in a local publication today about a middle aged woman who has made a fortune .... and all she does is buy a stock and then sell it when it is either 10% up or down. So why not pick hi-probability patterns and a low commission discount broker and do the same.....hi-prob pattern only...

well with the Executioner, AB Watley and Tradescape all nearly over... it seems more firms will flop than succeed....so lets concentrate on WHO WILL SURVIVE? We need to look at the firms with serious backing... Protrader, recently bought out by Instinet..so shld be ok. Cyber....Schwabs...

yeah I need a good sorting software... I ues metastock for end of day stuff...but need some real-time scanners...didnt know I could get sort wizard thru MB...will check it out also Any other suggestions for realtime scanners and also alerting software....so I could also say add trendlines to...

The sooner the big S&P goes fully electronic the better.... close the pits..... throw away black and white tv's... shut down chicago.. don't know why the US is so slooow to catch up with the world..... maybe we should add a exchange dead pool....who's gonna disappear first.... checking...

cool lets go for this....how about the following: Andover...gotta go..dodgy biz. Preferred...as anyone that advertises so much on here and doesnt get a mention in the forums must be struggling Noble, Daytrade, Daytrading Tech, Equity Station, Firefly. ....oh bored of this already....too many...

Hitman, didn't want to change the topic from your January Trading journals...but wanted to question your post which I've attached here. ___________________ Hitmans post The lone spark after the close was when I have finally inked my name on that contract. Within a couple of weeks I...