Search results

EDCASTRO- How did you test it if the market was closed? I questioned PD on this though and they did state that you could certainly short Q's on a downtick...will still test in live market today. The question raises an issue I have pondered bought not looked into. The uptick rule, though a...

I always used to ask new traders if a particular print was a buy or a sell. INevitabley some would say a buy and some would say a sell usually depending on whether it was a print from the bid or offer side. The answer of course is....its both. SOmeone bought and someone sold. He was...

Yes you can believe that there are that many Market orders...moreover do not believe that the Level 2 quote is all encompassing of the entire volume being traded on the Naz. In fact I would venture to say that only a small fraction of the Naz volume is ever represented in the L2 quote. They...

and now I can't get that song out of my friggin head..... do do do do do do...........Sitting on a park bench PS Baron it was great to meet you in NYC...hang in there with the site issues....its definitely one of those no win/no easy answer scenarios

Jim, I am not sure on that one....I mostly trade Naz stocks. I am almost sure I shorted the QQQ's before using the exchange route but I can't remember trying with ISLD. I will test it out tomorrow and let you know.

In case you did not see I responded to your question on PointDirex on that thread

TNO-Mike-too late I already corrected him....:) You say "many of them and then list 4 out of 9....are there other ECN's with which ARCA has direct connections at this point in time?

Jim, Originally, all listed trades were routed via ABNAMBRO and you could not direct orders for say the Q's via an ECN. However this has changed recently and I now route all my Q and SPY orders via ISLD

So you are referring to some sort of order routing algorithim unique to a particular firm whereby the firm has direct connections to (all) ECN's and then will seek liquidity with each and all via a pre-programmed sequence/logic...is this what you mean by "smart" ECN? Even when say INCA and a...

By smart ECN do you mean ARCA and/or who else? In regards to ARCA will it not route the order to a MM if it can't cross with an ECN? Why would you want it to ignore MM's anyway? Thanks for your insights.

Yes I met her in NYC and it is her....I recognize her face.

Tampa, Are you for real...did I misunderstand this post? "Attention all terrosists....the US has now made it illegal for you to bomb us. Anyone caught attempting to do so will be punished to the fullest extent of the law." Yeah that ought to do it.

Just think if this turns out to be true....and then remember the RMBS push to almost $1,000 a friggin share!!!!!! No matter how many examples I see, I still become utterly amazed at what we have seen in the last two years. Absolutely unbelievable. As my trading buddy said "We lived thru one of...

What do you mean very low? Do you think that Hitman is saying he PAYS 3.8 cents per share........obviously this is not the case....nor would it be considered low. In fact it would be very high. Hitman's GROSS PROFIT was 3.8 cents per share AVERAGE on his trading (he now lists volume as one...

Vad, I always assumed that your name came from your uncanny ability to find short term trades often when there seemed to be none.....ie it was if you had "three eyes" scanning the market while the rest of us only had two! I am sure that is where your name came from you just must have forgotten.

In that TV commercial where the dude is sitting on a park bench in Moscow surrounded by pigeons as he tells his virtual reality eyepiece to scroll up...scroll down...and..... BUY! BUY ! BUY! OH YES BABY! ........then tells his wife he will catch the late Concord to Paris for dinner. That's...

Couldn't we really make this statement about every company in the industry at this point? Not to say which ones will or won't make it, as I'm sure that a few will, but figuring out which ones is another matter. We can be sure that even as we speak, all of these firms are considering various...

either up or down. lol

I can personally say that the 4 day EDAT course is an excellent overall course on Direct Access trading and includes a significant amount of information on all components of trading, eg execution, T/A, strategies, etc. As far as the T/A course goes, Brian Shannon, whom I know personally, is...

Don, You have been asked by both Vinny and Daytrader76 to explain these comments regarding SuperSOES. Your statement "I am pretty up to speed with the SOES changes, and we don't recommend using SuperSoes to our traders (since the orders are routed to MM"s who can hold orders if they like)"...