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What I mean is that if you think there is a high chance that stock will continue to go in your favor (large edge) but you MUST take some off the table for mental reasons (lock some gains), you might be better off routing BATS/EDGX instead of using inverted or balanced ECNs. This is because...

Here is the beta version of the article. If anyone thinks its wrong, please let me know why. I would love to fix all the issues before publishing it

Thats the thing, in some cases it is. The downside is that its really costly to post orders there. What is nice about EDGA is that its ahead of most other ECNs and it only "loses" against BATSY and BX. Its ahead of 7 and behind 2, thats a good bang for the buck for giving up the rebate...

tks. beathft.com, been busy lately. haven't written much on it

I personally like EDGA but the reason is more complex than I can explain in a brief post, EDGA won't pay you a rebate (they will but it so micro it won't matter) but its free for people that hit your order. This results in your order getting hit more often (and you being ahead of the rebate...

I'd say you are making a mistake if you are thinking its that simple, higher rebate venues get taken last by smart order routers, low rebate (or no rebate/fee venues) get taken first. Higher rebate venues suffer from more adverse selection, this has a cost for the trader. This cost, in many...

The highest rebate is not necessarily the best route

VLTC proves that trading solely on fundamentals on this market is flat out stupid. Might as well light your money on fire. You got to combine the fundamentals with price action and time the stock well. I interviewed a guy who is an expert on this (made over $3M last year), I'm sure he banked a...

Poker players tend to have bigger egos (due being more of a people game, you get to be "superior" to your opponents and "crush" them, this doesn't happen in the market as you tend to beat a ticker rather than a person). Bigger egos tend to get punished in the markets because the market is what...

In theory IB should pay for a resonably calculated expected value of the additional market day of exposure the mistake created. Not the full loss that happened, the guy got unlucky, he could easily have gotten lucky. A couple million dollars might be it, I'm not sure as I don't trade the VIX...

I'm looking to hear about some of the mindsets and tips when it comes to balancing trading with life enjoyment. How do you dettach from the potential lost income? Obviously, this question is for the solid winning traders out there I will start with one. Usually I like to take vacations during...

I day trade using a Macbook pro with 3 external displays (even though Apple says it can only support 2, its not true). It runs W7. On OSX I'm have run 2 but I never gotten the drivers needed for my displaylink adapter. pretty sure it can be done as well

Had the guy made a huge score as a result of IB's mistake, would he turn over his profit to IB? Thats the question

with a stop at? the way this thing is trading it is either going to $20+ or back to $8-9

There is even evidence that savings increase happiness http://www.cheatsheet.com/stocks/is-saving-money-the-key-to-happiness.html/?a=viewall “The connection between the size of your savings account and your level of happiness may seem obvious. But here’s something that may surprise you: Saving...

It used to be that the IBovespa was quite commodity heavy but these days its less so. This is due the collapse of the commodity producers (like PBR). These days there are a lot of banks leading the index. It all comes down to whether the real estate market pops and if that takes down the banks...

This is only true if you take liquidity on BATS-Y, if the stock has no shares offered there and BATS-Y reroute you to other exchanges/ECN, you will pay the standard .003ish regarless of where the order goes to

Its a shame that EUR short trade. It was a decent idea, I just couldn't make it through the headline noise. I wont chase it down

A lot of brokers don't have them

its not a stock its a route