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compared to retail rates such as etrade or scotttrade it's better, and the execution is better as you get direct access broker. What I meant is that some prop shops charge extremely high rates compared to other prop shops.

God speed...

no, it's true, and it's happening, some of the guys do just that and they have been there 2 years, etc...and are making income, but yes, these guys are very few and far in between with the things that we are given-training, etc... which is practically close to none. I learned here, on...

I got into day trading and the financial market three months ago.

any votes, come on, don't be shy :D

thanks for your down-to-earth comments steve. If you remember the thread by maverick, I learned quite a bit from that thread, and yet, I'm not nearly to the level of auto-reaction like you.

not to mention extremely high commissions, software fees, and other expenses that are coming out of own pocket. How does one evolve from a chop shop to a respected firm/ hedge fund manager? Well, everyone has to start somewhere...

It's true that in my firm that's what the atmosphere and most traders were "taught" and it is definitely not true as that's the only way I see profitable trading. Are you a position trader? How do you encompass trading?

hmm...how do you decide under which conditions that the 900 share stepping down is legit? I know you will say by watching the tape but I'd like a more cut elaboration if you don't mind.

how will there be institutional participation on other stocks in the same sector? I understand that it will behave relatively the same... on the market shorts...how do you know that the small size that has been stepping down will not just all of a sudden walk? If they do, how do you know if...

that is about to change.

How do you trade? Scalping? Position? Both? I think it's good to focus on position trading but also scalp when there's a really good scalping situation.

remember not to base your decision soley on one indicator, and remember that no indicator is free money. Try to learn a couple and integrate that with price action, analysis of charts and learn some tape reading if you are going to position trade.

there's no price for dignity.

I see those small but deadly shorties all the time, and I often wonder why they exist or why they are so deadly. I see in the openbook that they would begin with 20k, then grow bigger, then again 20k, then grow bigger again, until it gets printed all. For example, on JCP firday, it was...

steve, what are your plans in regard to this eminent change?

I am currently working on other techniques. I am curious to see your perspective as to why and how bad will market shorts be affected.

well, market shorts will still be there, but there will be no NX limit (well, unless you short a million shares). So when you say that it's not a good development, why is that so? The wall/size will get blasted because of the no limit addition or because the new system suggests characteristics...

I assume the introduction of the hybrid system there will still be market shorts from institutions, but is it going to be the same? Not sure. Hope someone can give a perspective. Is scalping still worth it when the hybrid market comes? Or is scalping worth it at all? I get short when the...

very, very true indeed. I take it you are a position trader? That's where I want to be. I was taught scalping, and thus my personality has somewhat mainainted a fast and furious in and out behavior, but again, position trader is where I want to be. I figure even if one loses on a position trade...