Search results

Unless you're a spread trader. Then you just cringe and try to resist deviating from the plan. Maybe get 'one-sided' a couple times.

Opening orders have been getting better for me every week, and i think a lot of that has to do with gradually weeding out the stocks that always fake me out, have big gaps and just give crummy fills. If I get a couple bad fills (like Don's LEH example recently), I place the stock on 'watch' and...

They offer a free two week trial that you can use to look for ideas. Then just download daily price data into excel and use it to calculate correlations. This way you can calculate the numbers over any time frame as well. Corey

I guess when a group of your best traders, including the manager, leave to go to the competition, it's going to make for a tough economic climate.

If you are pro, mark to market doesn't mean anything to you. Your net profit/loss is summed up in one form at the end of the year and is treated as income from the partnership. You don't have to submit trade records or anything. As for paying US taxes, it's going to depend on what kind of...

you can do it in first alert and qcharts. If you are really resourceful, it can probably be done in excel too. I've made some cool sread charts in excel, including standard deviations, but I haven't put actual bands into the charts. Corey

I have trouble reaching the guys sometimes too, but in their defense, it's because they are run ragged managing the growth of the company. I was in the head office for a few months and can say that it's not that they are neglectful or disrespectful. Jeff and Rob put in 12-15 hours a day every...

It was postponed. Supposed to air wednesday, may 1. Two parts, I think

Echotrade. I believe $2/contract. No electronic order entry though, they call your order to the floor.

Not true. I am carrying about 6 times my account equity in positions over the weekend. And because they are fully hedged and I have over $25k in my account, I could probably go 2 -3 x this amount without getting a call from risk management. At Echo, you can carry up to six times your equity...

I never route to other exchanges and don't use a 'best price' execution route, so how could the actions on other exchanges matter? I've seen it happen on thin, slow moving stocks where there were no other prints right after mine. On certain stocks I always get the bid or offer price, so it...

Depends on the stock. I think he mostly trades thinner stocks and will try to get some bids or offers to chase him so he can turn around and unload his position on them. Sometimes supply keeps coming in and sometimes there's nothing overhead and it's clear sailing. I've tried it and it's not...

Ace, You make a good argument for your point. I didn't trade listed stocks before nx, but I've heard that specialists definitely don't like it. But if they don't change the rule there may be a way to put it in your favour. I know of one of extremely succesful trader who effectively...

Considering that most commodities are breaking out of a multi-year bear market and are likely to benefit from money rotation out of the sick world of equities, I think this will be a popular idea. I'm looking into it myself and have seen a few online articles suggesting others are thinking the...

I spent a couple weeks trading in the Echo office and you won't find nicer digs anywhere. Newly renovated office building, all flat panel monitors, a view of the ocean on a clear day. I was staying with Robert and his pad is close to UCSD and only a 10 minute drive to the office. I went for...

Don, LEH did the exact same thing to me last month on a triple witch friday- exactly. What I've done since is put in only half the usual size for this stock and am ready to send a short order for the other half if I see him gap the offer up like that again. This is asuming no news and that...

MBG, You're calculating things the same way I am. What source do you use for your beta #'s? Different sites seem to have different numbers. I've always used msn money, but nyse.com has beta's and some of them differ by quite a bit.

Echotrade uses xsquawk in phoenix and san diego. I use it at home now too and feel lost without it. I think they are pretty good, plus it's free.

Someone published a report on this recently. They were on CNBC about two months ago. I don't remember who it was or what organization they were part of. If I remember correctly, the total number was about 5000. This included professional daytraders (prop), specialists, floor brokers, etc...

I've done this over the past couple months and have now have 51 stocks on my list. I've tossed about 10 that were treating me bad and added more to replace them. I take out about 5 or 6 each day because of news (more during earnings season), use a 1% envelope every day and average 4 fills per...