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well steve, in what situations would the specialist likely to print the size all at once? I noticed that when he shows "1" on the offer in level II, but the size on the offer is stagnant, but clearly has more than 1, the next print would be the whole size dumped.

hmmm...well I observed this just minutes after the open in stocks that has been downgraded and had some institutional size that was aggressively stepping down. It's weird because sometimes the "1" would be on the bid, and on Level II, the New York quote would not move, but in the openbook, the...

i trade equities, and I will only have one position on currently. My account size is 5k.

?

what?

what are some of the pros and cons to this new implementation? Will there still be market shorts? (size that keeps stepping down until it gets filled)

what is your default lot size when trading relative to the amount of money you put down on any given trade? For example, many people put down 5 grand, what size do you use to trade, and how much room do you give it?

anyone?

For those that use the openbook and level II, I have noticed that as volitility picks up a little bit, the aggressive size in the open will continously stepping down on the offer, but on level II, it will show that the specialist have locked the book ("1" on the bid) and the offer is now within...

hard earned money.....you have no idea how much I have "donated" to the market to learn the game, and of course, I'm still not the best trader out there. Hard earned can mean a multitude of things, sacrafices, and actions. So I say fuck yes, every dollar I make, I earned it. There is no free lunch.

that's a lot of emotions no?

well, today I told myself that it's either I'll pick a target net profit and once I reach it, I'm done, or I take every high probability setup. Today, I chose the latter and stuck to the plan, so I'm gonna try that route. It's like a decision you make and you HAVE to stick to it.

right, in 1st case, that's what I thought, but in my position window, it would show the average of the three prices and the 300 shares. I understand what you are saying in the second scenario, I get the price I wanted to sell no? so all in all, I"m not really getting screwed on anything?

what program do you use to back test that? I have esignal and I have no clue how to back test that automatically. I do it manually by graph intraday.

calling it quits after a good day isn't necessarily a bad thing but I just think it's not the way to go. I mean. there are opportunities right in my face, solid strategy, and there shouldn't be any to leave all that cash on the table.

in the first scenario, my fill would receive the average of the three bids no? there for price improvement for me. In the second scenario, basically I got screwed no? He spreads the stock down, fills me, then spreads it right back up?

I was thinking of using a limit order. But yes, a stock with that kind of characteristics, what would happen if I were to sell say 1000 shares limit?

I assume you are referring to position trading...as in scalping, there's definitely a limit to the amount of size you can use.

ok, how do you make a grand a day?

anyone?