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My apologies I was lazy and didn't spend the time to construct my answer to the shorting question properly. You are right DATT and that is what I meant to say. You just have to offer 1 cent above the bid on a downtick regardless of what the inside quote is. As for platforms that don't enforce...

Vinny, In order to get short on a downtick your offer has to reflect the inside quote. Since the inside is quoted in penny spreads your offer must be 1 cent above the bid price on a downtick. This is why most software will default to inside offer when you try to shave inside on a downtick...

A question to anyone who has tried any of these sites (or any other gambling site).... Has anyone experienced any difficulties getting paid? I am a speculator by nature, I love to speculate, bet, whatever you want to term it. I love to lay odds on just about anything, but I don't like to gamble...

Perhaps it is just my trading style but, I was under the impression that every trader used hidden orders liberally as an integral part of an active trading strategy. I use hidden orders at least 50% of the time. It allows you to play all kinds of games (shaving in front of someone is just...

If I am reading this right, are we talking about eliminating all ECN fees and liquidity credits and instead having only to pay a Super Soes execution fee. Or ... does this mean that if you use Super Soes to execute against the participating ECNs you will only be subject to the Soes fee and not...

It's this kind of stuff that keeps me scalping the Naz! A lot of bullshit goes on with the Level II, but at least I don't feel like one indivdual has all the contol (even if some MMs do from time to time). I have done some modest NYSE trading but I definitely prefer the Naz, maybe I need some...

I caught both reports in the series of 2. First one was about a guy in Chicago who made a shit load during the bull run (who didn't) and spent a bunch of it buying a condo and a Porsche (either that or he's got a trust fund) Says he is still making money albeit a lot less. Made some valid...

Hate to be the prick here but we did break some big support and by the looks of the futures late friday going into the close, well...... Unless we get a good bounce on Mon. morn and gap back above that $33.18 support it could be ugly. Unfortunately I don't see the catalyst for a big bounce...

Amen brother,.... Amen !!!

Snosur4, Like i was saying fear and greed. It is the fear that people experience when a stock goes into an apparent free fall that actually exacerbates the fall. Greed is what motivated the 'robber barrons' to use their enormous power (capital and influence), to create temporary runs on...

Brandon, If you want a forum to post real-time trading opportunities why not use the chat room?

Good effort anyways Baron. Things such as that chat are what help make this site a true benefit to traders. Weekly subjects that help keep active traders informed and educate about the state of the industry are greatly appreciated.

The only reason the uptick rule exists is because FEAR is a stronger emotion than GREED ! Oh, that and the fact that it allows MM's to jack you around when you are trying to execute off the level II. :mad:

Thank you for providing the thread with some believable numbers. Your numbers seem to concur with my assumptions about how some firms can charge their 'props.' zero commish if the firm is getting a big enough split of the net. Of course this leads right into your statement about making money...

Check your private messages.

I am quite familiar with the game. I trade Naz. exclusively and I am a scalper of high volume Naz. stocks. I left my previous firm right before they got access to the LSPD ECN. I currently don't have the ability to post on LSPD and it is a major pain in the ass! I have to respectfully...

Like I said, I didn't work at Tradescape. As far as the SEC shutting those guys down.... do tell. The SEC better hurry up because as I understand it Tradescape is being bought by E*Trade. Don't really know anything about Tradescape but apparently E*Trade likes them.

....Inyoutty is right. I would like to know who those firms are. The firm that I worked for was not all in, the trader had to pay for his passthrus (oh, and only traded Naz. as well). I can understand how a firm can charge zero commish and just split the net after passthrus but a all in...

The name of the firm was Tradescape, and nope that wasn't it .....but I suppose even if you did guess right I couldn't say so. My original answer was referring to the ECN's that the traders receive liquidity credits from.

...... and Island and Inca tooo. Volume, I assume you mean do they get credits for posting on LSPD. :D