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Trading sux right now. Anyone who says otherwise doesn't know what they are talking about. But day trading is not done. You can still make money 3 out of 5 days a week if you are trading correctly. But making money 4 out of 5 days a week is almost impossible in this sick volatility. It...

$500 billion deficit and 100's of billions more in monetary stimulus. Money is pouring in to the market from everywhere. Thats why the spy never drops. People know that the bill comes due very soon, thats why we go up like a snail with no enthusiasm. But nobody can sell because they know...

Simply amazing lack of volatility. I hope the currency crisis starts soon.

This is a copy of a post i made on another thread. I thought it warranted its own thread. I'm wondering if the rule changes allowing more than 1000 share NX orders will encourage the big boys to start trading the 5k and 10k order sizes again. I'm thinking that the black box automated trading...

Grimer, most people that reply here are not day traders but swing traders and really have no idea what you are talking about. Grimer is talking about making a living short term day trading STOCKS between the hours of 9:30 and 4:00. So unless this is what you are doing, I wouldn't bad...

China is expected to let their currency rise against the dollar in a few months. Cheap imports and outsourcing of jobs to China has kept inflation low for the past few years. Might we expect a spike in inflation soon? I don't spend alot of time thinking about such things, but my hunch...

I don't know anyone who makes money trading SPY QQQ and KLAC. There is little to know edge in those on a daily basis. The key to trading is knowing and understanding backdoor correlations. Example, today dollar rose. A correlation that has worked lately is that Phelps Dodge likes a...

if i go 2k market order the specialist will still front run me or other NX'ers will get the offer. The specialist will hold my market order for 30 seconds and then fill me up 5 cents. Not always, but often. With the new rules I will be able to grab all the stock i want at the price i want.

For people who trade 3-5k shares. All the time i see a 5k offer that i want to purchase. I know the stock is probably headed up. I buy 1k with the NX. And then try to buy 4k more with a limit order. And then the speciailist front runs me or somebody else scoops up the other 4k and then i'm...

Not much to do today.

Many sectors moved big today. Up and down and all around. Volume was over 1.5 billion on NYSE. It felt like old times. I got smoked on a few trades but still ended up nice on day because i scored big on my winners. This is how it used to be nearly every day with lots of sectors having 3%+...

Doesn't seem like a big deal. IRAQ hasn't been weighin on the market for months. In my mind it doesn't change anything over there either. My guess is the attacks don't let up and that most weren't orchestrated by an old shriveld up man living in a hole. My strategy will be to hold my...

I've found the same thing. I'm day trading stocks, and it always seems much easier when the SPY moves 10-15 points. Unless i'm trading stocks/sectors with major news, there just isn't enough movement to try to trade the random volatility when the spy is in a 7 point range and my stocks are...

If housing crashes big there will be a devastating depression and all stocks will be good shorts. Everyone who bought homes in the last 3 years (record number of home buyers) with 5% downpayment will be near bankrupt. There is no telling what kind of excesses exist in the mortgage markets...

According to my data (which goes back to 1997), this is the first time the VIX has remained under 20 for every trading day in the month. Anyone with data that goes back further, is this an all time record or just since 1997?

Focus on a few stocks that you find are good to trade on a regular basis. These favorites should provide you with a trade 3 or 4 days a week. But still learn as many other correlations as you can. These will provide you with a trade maybe a few times a year. For example, i dont trade...

This must be some sort of record. VIX 15's soon??

You always seemed like a reasonable guy who just had some tough breaks as a trader. Now i see you got far bigger problems. Any moron knows you have to file a return yearly. Or at least file for an extension if you are going to be late. Get with the program dude.

what killed worldco is that traders started trading 50% fewer shares this year versus last year (because the market sucks bad for trading and few have been able to make much money). Also those same traders who were trading 50% less volume had much better commission rates in 2003 over 2002...

Kind of funny. I'm a worldco trader and nobody told me that. I guess i will be the last to know what is happening. If worldco is losing money, its because their overhead is too high and trading environment got more crappy than anyone could possibly imagine. Most traders i know are...