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leaving the computer is a great idea that enhances letting profits run and cut losses short. I am not doing position trading right now but if I were to do so, I usually draw a line on the chart where that's my stop and input a stopmarket. As for position trading, etc... some traders in my...

I tend to look for no more than 5 cents. Actually, it's not about how much you can let it lose because if the size prints, it's done, there's no more demand on selling/buying (at least in the short time) and you can lose substantially so in turn, it's not really about how much you will lose...

$38 is a very good start for doing 100 shares. I am just starting as well and I just want to be consistent in profits and progress on moving up in size. I do not speak on behalf of livingston1 obviously but I'll throw in my 2 cents. 1. Depends on lots of factors. The size on the bid/offer...

what is your perspective of rock bottom commissions? What is considered good rates per 1000 shares?

the more I think about it, I can't afford to scalp. I pay $8 per 1000 shares, and if I trade a million trades a month, I get $5 per 1000 not to mention other costs. Scalping is important as many other forms of trading uses scalping skills such as order execution speeds, reading the tape on...

right, I would imagine if a stock is downgraded/upgraded, has news, missed earnings/exceed earnings etc... will tend to have a clear trend all day.

hey anytime bro, I'm learning as well and the strategy you mentioned sounds like "adding a leg", dollar cost averaging where you buy some more on the dip but the general trend is going in one way. Selling some off at the end of the rally will definitely give you some profit to feel comfortable...

definitely, any one who is "accomplished", were you pair trading, fading, forex, scalping? How do you make 10 grand, 20 grand a day.... how big were you losers as well, and in what time frame did it take you from 0- well...a million +, most important of all, any advice?

it seems that a lot of people in my firm day trade by scalping. While there is nothing wrong with that but I see scalping as just an income when you add up the various overhead costs and commisions. It seems that to me it doesn't make sense to risk 5 cents to make usually 5 cents back (even that...

livingston- market shorts on open....when I see a huge size at either the close price or a penny below it, it can usually be a seller's market short right? What I would do is if I conversions on that stock, and that stock had bad news/downgraded, etc... I would go sell on market, get the...

right, the banded green (offer), or banned red (bid) are outside of the "current spread" are either late prints or large negotiated trades. The reason I put quotations around current spread is because when the trader offered/bid a couple of seconds ago, that spread existed but hasn't filled yet...

i am not one to judge, but based on the notes that livingston sent me, all information is condensed to the most practical and most useful (as one sees many situations that has listed on the notes). You have to remember though, there are only so many variations of scalping, and in the end, we are...

I'm continuing to learn how to read the tape but I believe what you said correlates to how well one can read the tape. If theres size in the open book at price abc, but more size on level 2 at price abc than what is shown in the openbook, it's the specialist trying to make the stock...

yeah I see that really often especially during market open where the specialist would spread up huge, then prints go off with unbelievable size. I believe this is also a good time to try go New York market as chances are, you may get price improvement. But if you are not fast enough or...

honestly, I think the person that is responsible for learning how to trade is no other than ourselves. Of course, having good guidance will help one get their faster/a little easier, but in the end, they can show you the door, some can walk through it with you showing you some thing along the...

Hey Livingston- Right now I'm learning and just being in the market, being in trades, and learn and improve on scalping with 100 lots. How did you transition from doing 100 lots and each one atop? How did you move? 100, then 200? 300? I hear most move in increments of 2s such as 100 to 200...

what properties do you guys use on MACDs, EMA crossovers, etc...?

I know all of us read the tape, and it's the foremost, but what technical indicators accompany your perspective?

good points nathan

trader56- very interesting! 1.Losing wrong as in not yet know the proper way to do things, 2.Losing right meaning keeping tight stops, small loses, 3.Breakeven is a big step as one is profitable before comissions 4.Profitability...sky's the limit, comfortable operating/trading with...