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Looks to me like it should be a good route to send marketable orders. ARCA has the same fee schedule (0.3 cps internal match, 0.4 cps externally routed), however, ISLD/INCA has much more liquidity that ARCA. As a result, you will get many more of the 0.3 cps fills with ISLD/INCA than you ever...

I couldn't disagree more. I think it's naive and stupid to jump into the markets without adequate preparation and planning. It is extremely valuable to take some time to develop and test your ideas and trading strategies, and become comfortable with a trading style BEFORE you risk your own...

The only ones 'using' Wizetrade on ET, are those attempting to sell the worthless product, to take money from ET members. Your best bet (on the assumption that you are NOT another Wizetrade affiliated scumbucket) is to look at the software reviews for Wizetrade. You'll find that every software...

I am interested in trading the electronic versions of the bonds or notes at the CBOT. Does anyone have experience with these contracts? How is the liquidity? What are the symbols of the most active contracts? Thanks, -Eric

~80% winners, ~20% losers Avg gain / Avg loss = 1.0:2.0 It takes all kinds, I guess. My average loss is always greater than my average gain, but my winning percentage more than makes up the difference. The bottom line is that you need a system that will have a consistently positive...

Whoever was the author of that quote is naive at best, and an idiot at worst. I have no doubt that the most profitable traders in the country are using automated trading. I am talking about traders and trading institutions making tens and hundreds of millions per year. The only...

Every 30 seconds? Not sure what you mean by this. I tend to agree that AMEX does not have a system similar to the NX on NYSE (which is instantaneous). If such an AMEX system existed, then why would the AMEX quotes be so slow to update on the QQQ's? If you ARE aware of such a system, could...

Yes, but do any of them actually make money??? :confused: I can flip a coin for free, as well... -Eric

The fact that I've been profitable 9 out of 10 days all year long is only indicative that I'm VERY LUCKY! Same goes for other successful traders. Their day, and mine, is coming... Or, perhaps we just trade randomly... in synch with the prices?? :D -Eric

It might have been helpful to also point out to the newbies that Townsend Analytics is owned by the same people who created and own Tera Nova Trading (a broker) and the ARCA ECN. While I certainly agree that RealTick (Townsend) is not a broker, they do (shall we say) have an extremely tight...

Maybe you should talk with "Anthony at Pacific" about his perspective on the subject. He made oodles of money doing what you aspire to... But he can't spend a dime of it now, sitting in jail...

I totally agree. I often say that my trading is much like a casino, where I play the role of the house. The odds are in my favor on every trade (just like for the house on every spin of the roulette wheel). There will be losing trades, but over the long run, I am certain to win, just like the...

What's the best way to hit AMEX on OTC stocks? I was trading FITB today, and AMEX came to the inside bid with 10,000 shares posted and just sat there. The offers piled up a penny above the AMEX quote. I tried to hit AMEX using ARCA routing and REDI routing with no luck. Can you use a...

Still a green day on this end, as well. However, the market was DEAD today. I probably did only 60% of my normal trades and only 40% of my normal profit. I think tomorrow will get some volatility back into the market, with the Fed bringing in some interest rate news. Anyone know the...

I have always found that the greatest opportunities of the day are always found during the first hour of trading. Once this is behind us, the rest of the day gets slower and slower, followed by a moderate pick up in activity at the close. If I miss trading the open, I can count on my daily...

I agree. I'm amazed that there aren't more problems than they are. Bungrider, you may want to consider finding another firm, if you are having constant software problems. -Eric

I've begun using ARCA for posting listed orders. I've been pretty pleased with them so far. When posted, my quote shows up as ARCA and PACF on my level II screen. I would normally post to the specialist, but don't like the long time delay to get posted on the book, nor the long time delay to...

Amen. I don't trade in an office, but I can sympathize with this. They'll never really become successful until they quit moaning and start taking a better attitude towards trading. -Eric

Did I miss it? Or, has he not yet come on? Thx, -Eric

Do you buy, or sell with your market order? Or flip a coin first? Your system certainly lives up to the axiom to cut short your losses and let your profits ride. -Eric