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Which broker can offer you a simulated trading using both real-time data and historical data for backtesting? Most brokers need to open an account before you can start using the simulated account. Any broker doesn't require you to open an account? Hate to open an account just to test the...

I used to trade listed, and now plan to start trading nasdaq and ETF (AMEX). Suppose ARCA, BRUT, ISLAND all have the same offers, and if I like to join the offer, where should I route my limit order? Should I join the one with the largest size or smallest? Do they give you the same...

If the average is 2 cents, then your number of winning trades to lossing trades ratio is very small. Am I right? I would think a momentum trading style ( I assume you r using based on your messages ) usually gives a # of win/loss trade ratio above 50%.

I will start with the demo and paper trade it.

I just start to learn and have no real strategy yet. I will trade intraday full time, and start with 1 contract each trade. Is the commission flat rate or per contract rate?

I plan to start trading eminis, and wonder which broker is good. What is the cost of trading in terms of commission, market data, software etc? Are there any simulation softwares available to backtest your strategy?

Should spread ( or slippage ) be considered as cost of trading? I always use market order to get in and out of my positions. When spy moves 1 points, what is the corresponding movement for es in general?

Besides leverage, what is the benefit of day trading es vs spy? Comparing the cost, which one is lower? The spread of spy is only 1 cents, but es is a quarter.

Soxdes, How do you know the offer is from the specialist? It might come from other traders.

Don, Don't really understand what you mean by "no sellers at the top", and "no buyers at the bottom". If the seller is gone at the top, does it mean the stock will move a lot higher even with a little bit of buying? Tape readers know there is a buyer, and so they will buy more to push...

To help us to learn tape reading, I am posting the first 2 hours of pii t&s. PII is a stock with daily average volume of about 300K. Yesterday it was downgraded and down $3 yesterday. Today i shorted pii at 49.49 after 49.50 bid was lifted at 10:14:45. The stock didn't go down...

Spxdes, Thanks a lot. This is helpful but it only gives you the list of stocks with today's range of $1. Can we use average trading range as a criteria.

Anyone knows how to find a complete list of stocks with trading range at around $2. Most of the stock screening website like yahoo can not use trading range as a criteria.

Mav, Thanks for your comment. It is usually near the high of the day. The prints are usually small size, and so i assume there is not an aggressive seller. Since the stock is strong all day, is it reasonable to think it will move higher? One more question: Nothing is 100%. How accurate...

Steve, Thanks for the idea. Will experience it.

Mav, The hardest part is to find out how aggressive or strong the buyer is. Sometimes i see something like that: 20.50 20.55 1 x 10 and prints like that: 20.50 200 20.50 200 20.50 300 20.50 500 20.50 20.55 1 x 10 You think there is a strong buyer at 20.50 b/c...

Are there any good books / magazines on tape reading?

Eusdaiki, How do you filter out the other orders? You can show nyse only but there is no way to tell if it is executed by the specialist. Please tell me. I like to do the same with e-signal.

When you keep seeing more large offers coming in after the perfect print, what does it mean? Since the seller is done, who will provide these large offers?