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OO is a teaser strategy... always giving the novice trader some hope. when in reality its a "reverse approach" that actually works. LEARN THE MARKET AND INDIVIDUAL STOCKS FIRST. THEN USE OO. OTHERWISE YOU WILL BE SPINNING YOUR WHEELS AND PAYING BIG COMMISSIONS FOR NOTHING(except...

FYI I no longer use OO strategy. Slowly but surely for 2002 the liquidity during the open has dried up month by month. And the fills are getting worse. No longer worth my time and effort to generate less than a .0005 per share after commissions.(about $10K in commissions to make $500...

will cover the last third of my position soon... LESSON for all big bottom pickers: Don't bottom pick stocks that are trending heavily down. (2X avg volume or more)

attn struggling OO traders this helped me... 1. reduce your stock list to stocks that have less volatility 2. identify the type of day you are seeing 3. some opening order stocks are much better when faded during the first 5 minutes of the open. watch the opening print vs. putting...

Let's be real... What does is take PRESENTLY to be a successful trader TODAY? NOT how a firm made a new trader successful in 2000. NOT how big a firm is. NOT... Right now. Walk into the office you are considering. Speak to the traders that are willing to assist you. Check out the...

SEE the market, FEEL the market, BE the market It appears you have never paper traded for a signifigant period of time.

The prop firm always sits at the table with an ace in the hole. Daily you face the market(other players) and the firm. They will take money from you if you aren't good enough. Many times its better to sit out a hand. Sometimes its better to fold. And a few times you should ante up and...

today sucks

before that happens, the President will avert the dockworkers strike.

I use NQ and ES to gauge sentiment and mkt direction intraday. Though I do short or long them on occasion during major mkt moves. You made a good decision.

non- farm payrolls(@6000) or unemployment(5.9%) consensus numbers in () if its close and negative will there be a chance of further downside?

I experience 10 second delays during "peak" trading times several times a month. Sometimes more, sometimes less. My trading is not scalping, so, I can live with it.

NYSE will continue to impose fines as a source of income. Moderate enforcement of flagrant violations at a slow pace is a continuous game of "cops and robbers" Satisfy the public and keep the specialists happy AND get paid. What could be more perfect?

Slippage, commissions, system reliability... And mental inability, personality incompatiblity, financial disability... How do you keep it simple? That's simple. Ignore what doesn't work.

you can see it in the new LOWS...

short the rallies for now...

nice gap and selloff. now, will there actually be a quick war? I am guessing NO. 1-2 months of bs, then war starts, then mkts continue to flop

how there are so many novices that seek information. Yet, when you provide profitable trades they ignore it. lol

your order. Specialists hate small size traders that are a hassle to their business. Especially now that the markets are slower, they have more likelihood of screwing the trader. Its part of doing business with the NYSE. Like it or not.

SHORT HPQ