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Today was an interesting day. We had the fake candle up when news hit @ 10am. This was then followed by a large move down (by current trading standards). Then the usual buying from Fed etc stepped in a brought the market up slowly. It eventually broke out at the end of the day as the shorts gave...

I really can't help you with your ego problems. Everyone has problems with ego... the lucky few don't have any problems. In terms of avoiding the chop have a look at this quote from Jesse Livermoore In a narrow market, when prices are not getting anywhere to speak of but move within a...

Again... You need to watch the level 2 to make sense of it!! For every print on the tape there is a buyer and a seller at that price... It's just whether it takes place at the bid or the ask. However you need to watch the level 2 inconjunction for it to be of real use to you. Ie you will...

From what you have been saying it sounds like you don't have access to a level 2. If you don't have access then the answers given to you will be quite confusing. Get access to a level 2 first! Reading the tape for me encompases watching the level 2 inconjunction with the time&sales (the...

Good post Mark! However, this is an ego problem. The manner in which questions / tips / comments have been responded to clearly demonstrates this. BT - sadly I fully expect you to take my opinion as "an attack" (which it is NOT so please don't view it as such). If this is how you respond to...

Dont worry people, found out all the info myself

Yawn... Zzzzz... Should never have gone in today. Snow everywhere and also where it counts... Chicago and NYC. Boring boring boring. Not sure about trading Thurs & Fri... See how it goes. Taking the whole of next week off on holiday... Take advantage of some of this snow It was...

Bullish very bullish. This market just doesn't want to go down or stay down. EVERY down tick is bought up with a fever. Lots of dumb money starting to pour in. The hedge funds and institutions that are long and have been for some time now need to unload their positions before taking us down...

Nitefan - anyone had any experience with this route? I'm looking at it mostly for adding liquidity. Or capturing a spread when it is printing the wrong side (i.e. selling the bid while everything is getting filled at the offer) Any info would be helpful. pm me if you wish Cheers, ptMTL

Or trade prop and not have to worry about buying power :D

Stuff that, BE GREEDY!!!! When your right you need to maximize it. When your getting out in the middle you should actually be holding or even looking to add. Remember the following saying... "amateurs go broke taking huge losses.... however professionals go broke taking small...

I came in ready to short size if I saw the right conditions this morning. But the market opened higher then I expected and moved up slowly all day. Very proud of myself for not shorting at all on the way up. I was watching XLF mostly as I said before I trade this symbol well. I felt like...

That's funny. I really laughed when I read this post. I yell a lot and other people on my prop floor do as well. However I find I'm quiet when its not going my way and once I get out I may swear. But generally I swear the most when my trade is going my way..."come on you piece of sh!t!!!" is...

That's because day traders are not allowed to make much money... its against the rules hahahha

Leveraging his returns using gold... risky stuff... awesome when it all goes right. He did well with the gold bet but only made $$ on the market in the last 2 months of the year (from what I remember hearing). He barely beat the index with his returns (17% return vs 15% market) but by...

1. They are mixed, NSDQ stocks are generally really bad for me. However SIRI is not a financial and is a NSDQ stock. I think the major difference is knowledge of the stock and its behavior ie what it is capable of doing to you when you get the wrong side of it and also when your the right side...

Yeah I agree with what your saying jj90. There is a certain feeling that comes up... I call it the "on-tilt" feeling in reference to poker. The worst thing you can do in my opinion is trade when you feel like this AND make $$. That's because it tends to then reinforce a bad belief... ie that its...

Bad day to miss... the biggest move to the downside since late November. It's a pity but this is usually how the market works. Right when you have given up on something... it happens right after that. I'm so sick of this market going up and I have been waiting for a down day. Low and behold I...

No trading today. Very happy i didnt after looking at the dull chop on the charts. The muted action after the FOMC announcement was may clue to not trade today. Not trading tomorrow either. I will enjoy a long weekend and see what happens on Monday.

The market is just dead in general at the moment. It doesn't help that the fed has just copy&pasted their statement for the past year... "rates low for an extended period of time" kind of gets boring after a while from a trading perspective. Wait till the vote isn't 10 or 11 to nil and then...