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Very slow choppy day. Not many opportunities for my style of trading. I suck range trading and prefer to just stay out of it if its chop like today. Trade one stock all day... EK... shorted 3.5k @ $4.17 average once it looked like it was going to be testing the $4.15 level again. Very...

Well I was at least partially right hahaha... deficit neutral corporate tax cut...

Welcome to Canadian prop trading... but sssssshh... its our little secret

My guess is that someone got a hold of Obama's speech and that he is calling for a cut in the corporate tax rate. If so it could be an interesting day tomorrow. The action all day was really negative the whole day until that point

More of yesterday. There was a surprisingly fluid day on the market despite the early morning chop. The action was all negative until the final 1hr of the trading day. Someone has some news and saved the market at a crazy place. My guess is someone has Obama's speech early and he is going to...

Well I said I would just trade XLF and anything other then that with small size this week. I didn't take a single trade on XLF today. The market was going up but it was looking weak. But I didn't want to short it while the SPY was strong. Didn't make any sense so I didn't take any trades...

What do you mean? Like he isn't legit?

I was hoping for your sake you wouldn't say this. Be careful because you may just get more excitement and challenges then you can handle. Instant gratification but long term suffering. You may get what you really want but this may not necessarily be good for you

Agreed but you don't know if it is an edge until you actually trade it. Of course learning how everything works such as entering orders etc can be learned in a sim but you really can't learn the lessons of trading until you chuck yourself into the frying pan. Even if this is with a small amount...

Yeah I watched that 60mins episode as well. That part brought so many comparisons to trading its not funny. I really enjoyed watching it. I must admit I pictured him hitting the level2 down a couple price levels flushing the longs out before buying everything that was put on the offer and...

Why are you trying to day trade when your apparently profitably swing trading? Doesn't make any sense to me. What are your real motivations for wanting to learn to day trade?

Gotta disagree with you there. I think it would be much more important to work with a small amount of $$ instead of a demo. Not enough for it to be disastrous but enough so that the lessons are learned. People never respect the risks taken until there is something real to lose. What was that...

I get really annoyed when I see posts like this. I know you probably just mean well but EVERYTHING in life is a risk. There is a risk of failure in everything you attempt. Embrace the risk and enjoy the rewards. Comments like this generally tend to be from losers in life! Just ignore them and...

+1... To be honest I only use a couple of ECNs so I know what their rates are and I just ignore the rest. For example why the hell would you use ARCA or NYSE to get filled when BATS gets the fills around about the same time on the thick stocks. Just a note though... watch that you use...

Didn't get to update on Friday so thought I would do it now. Traded in the morning and found it pretty tough. In no time I found myself down $1.2k. Not the start I wanted. I got the wrong side of Citi and tried to pick a bottom on AMD (this trade is something I don't usually do but I did and I...

Yeah point taken. I agree with on the Visa trade. Stick to what you know especially when it's not working. GOOG, yeah I viewed it as a pure gamble and wasn't prepared to risk that much on something like that. Gonna take it easy today until it starts working again

Well I really think I jinxed myself with the above comment. Really bad day today. I was annoyed earlier so I wanted to gather my thoughts before posting. My trading wasn't that bad when I think about it but basically I was on the wrong side of every trade. That about sums it up. I took size...

Are you joking? If your not then I advise watching the level 2. It never went there. The trades are pre-arranged block trades. The price didn't go there and your stops would not be effected. Ignore those prints

Wow, the first day we go down and we stay down... bring back the good times! I don't think I have seen us finish on the lows in about 2 months. I'm not going say that this is the start of the correction (which I previously mentioned I expect late Jan or in Feb) but the action today was HORRIBLE...

Yeah I went and checked the Direct Edge website and was about to have to say to my boss he ain't doing his job hahahah I personally prefer using BATS, easy to see your prints and more importantly no stupid liquidity tags! Also EDGX is the only ECN where if you hit someone else in your own...