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I disagree. If someone makes money in a systematic manner vs. a random bet - then that person has some kind of edge. I think a lot of floor traders or ex-floor traders promote the idea that there is no edge outside of the floor because they have not been able to make money off floor (its...

Maverick: those are all edges that you talk about. They are edges that have a longer duration. Of course nothing lasts forever, just ask the Nasdaq market makers or options market makers. There are also edges that have shorter duration. A simple example would be buying dips or new highs...

To me “edge” is the likelihood of net profit. The difference between a random profit and “edge” would be a repeatable pattern or system/method used to reap your profit. The most likely profit is a market maker who buys at the bid and sells at the offer/ask and locks in automatic...

Little Big Board The floor of the New York Stock Exchange is one of the great symbols of American capitalism. So it must grate on Big Board Chairman Dick Grasso, who has done so much to make the NYSE into a brand name, that his exchange is now under scrutiny for not allowing enough capitalist...

I think the CME needs to reduce the Emini s&p tick size to .10 (just like the pit contract) in order to make up for this outage travesty!

Could pull back a little. Still a lot of support. Could give the shorts a wedgie!

Time to reduce the tick increment in the emini s&p to .10

Here are some of the highlights from the NYT article mentioned by Gaj: ---------------------------------------------------------------------------------------------------- "There haven't been a lot of innovations from the New York Stock Exchange," said Peter W. Jenkins, head of North...

IMHO, it depends on how good your politics are. Do you know any brokers, are you related to anyone in a position that can help you? Floor traders must have good politics to get order flow - which pays the bills and allows you to occasionally speculate. Without good order flow you are just...

You are weak and unworthy. Now go and burn yourself with a candle until you are strong. :D

With a name like Discipline I suppose if you catch yourself spacing out for a few seconds during trading hours - you whip yourself bloody like a Shia muslim during the holy days! :D

Just a wild ass guess - but it seems like pivot numbers were an attempt in the pre-floor computer days to mimic an intraday moving average. The pivot usually is near the 20 period ma on a 15-minute chart at the beginning of the day. The S and R numbers usually are near a...

While one prop keeping the US dollar strong is the fact that it is the reserve/oil currency of the world - the other prop is the fact that the world wants a strong dollar to maintain an advantageous exchange rate for exports. The Japanese are spending billions of dollars to do this...

nice looking ascending triangle on the stock indices - best shown by the Dow Industrials daily chart.

I always thought that when someone with a Globex terminal placed an order to buy - the order went into the bid column and when they wanted to sell - their order went into the offer/ask column as shown on something like J-Trader's Dome. That way they would be first in line for the best possible...

I was under the impression with a Globex terminal you could buy at the bid and sell at the ask (without the market moving). Being able to capture the spread was the reason you paid extra?

Log out Delete- Mkthours.inf - file Then log back in Also switch servers if that doesn't fix. I have stock data for 4/17 fwiw good luck

I am referring to your collaboration in causing wider spreads on NYSE stocks than are warranted - not taking the opposite trade from ma & pop's mutual fund. I won't continue to argue this point with you - I can tell that all you can see is green moneyman! :D And yes, its true, tech...

In the first paragraph you could actually be making the spreads wider by acting as a magnet outside the b/a. That is not how a competitive market should work. The result is that mom and pop will have less in their retirement account compounded over years from higher mutual fund costs because...

The whole system is abusive - you would have to eliminate the entire floor.