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Well, you are the prey then :D :D I think it's better at this point that we agree to disagree. No need to educate the other side IMO

Well you know, I'm not making any claims. I'm making my living by trading US Equities for a prop firm and just posting my experiences here. So you can take that together with the stuff s0mmi wrote, or you just go ahead and make your own experiences. If you don't believe it, that's fine for me...

You missed "as soon as practicable"... Really, I'm sick of arguing with paper traders, naysayers and people without hands on experience. Fragmented or not, as soon as there is a consolidated tape everything is fine. I did not say it was easy, but if you just want to be right, here you go: You...

I don't know when "last time" was, but every ATS reports prints immediately to the TRF's, so better look it up again. And before we get into that "evil darkpool" - discussion again and you are trying to convince me by using truisms you read somewhere on the internet, do yourself a favour...

Again, why are you focusing on the Level 2 instead of the Tape? The prints matter. Where, how much size, how many and which way did they transact? Pool, lit market, which ECN, taker or maker? If you find a pattern, you have edge. If you see an iceberg soaking up 500k shares the entire moring...

I find it pretty funny that people who dismiss tape reading as hogwash either don't know what they are doing or have been part of the easy money crowd during the advent of electronic trading. If you really think tapereading is all about ripping off the specialist, you are mistaken. Also...

90% of traders fail because they don't want to improve. Imagine yourself becoming a pro golfer because of the price money: You'll never succeed. Most traders don't trade to improve, they trade for the money...I'd say 90% of them ;)

@faatshit: I'm not sure what I could advise without kicking you out of your orbit, but first, your doubt is normal and healthy. It prevents you from doing stupid sh!t out of a "hold my beer, I got this" - moment Having thoughts like this is perfectly fine, because - as you said - trading does...

Just like you should have rules for entering trades, you should have rules for the exit. If you don't have exit rules, you will be oversensitive to price moves, thus you cant hold trades until they don't make sense anymore. It's like "this looks good, I gotta get in here" but after your entry...

As you said...but not all ;) Also, please do us a favour and don't post when you are drunk. Thats really an embarassment.

Well, when it comes to specialisation, you have two possible paths from here: 1. You focus on tech small caps and dig into them, read their balance sheets and do your analysis. You can expect less competition from the big guys since those companies are so small that they offer not enough...

@kmiklas: My friend, you just dove into a world of complexity, a gamut of information and fierce competition. My first advice would be: Take your time and do not expect to learn everything within a year or so! Like just21 said, just google and read....for hours, days and months. You WILL be...

Hey Mr Morse, registered and looking forward to it. A question though: When will the user guide be updated so v10.0 is covered? Already waiting for it :)

Why haven't I found that myself? That's exactly what I need. Thanks, man

alright, I'll give it a shot :) Should have been on my to do list for years anyways. thx

2rosy, thanks for the recommendation. But as I said, the only code I know is the one for my doorlock -.- My first question after I clicked on the links was "where is the download - button" I can handle simple pre - set languages like TOS, Amibroker and stuff like that...but Phyton?! This would...

Hi guys, I have to admit, I'm an idiot when it comes to trading so perhaps one of you guys is able to point me in the right direction. Here's what I'm trying to accomplish: 1.) (high priority): I would like to know which NSYE stocks with an average daily volume of min 500K shares where...

Lol...thats pure retail snake oil. The author doesn't seem to understand, that his CL example is just a calendar spread, so these are in reality two different assets. There is no arb, just betting on mean reversion of a spread...and on spreads this narrow it's all algos. Good luck trying to...

I mean, of course there are always worse options. You could also use the best tick feed and unplug your router...also worse than IB. But as a matter of fact, the IB datafeed is not suitable for short term trading. They don't provide realtime data and they aggregate the ticks. Meaning instead...

IB is not realtime. It's snapshot data. So when markets are fast, IB is not accurate