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What's the real job title for an institutional trader and what kind of experience/education is necessary to get hired? Somewhat ironic , as the best traders that I know are college drop outs with no applicable professional experience.

If you're day trading, you have little choice but to trade high volume stocks.. Do a screener for average daily volume of 5 mill + , in a price range you can afford and are comfortable with (based on your account value). Avoid narrow range stocks under $1-2 and then follow these stocks...

Yeah it's so slow, I keep thinking my real time feed server is going down.

Overtrading is continuing to trade after a string of losses without re-evaluating what you've done and if you've violated your system.

Is $5 for a limit order so bad ? Lot of people would die for that.

I day trade with a $10k account on a Datek cash only account. They haven't given me any grief about it and I see no reason why they should.

here's from the BBB, which isn't that bad: Local Phone Number: (866)228-7233 Fax Number: (212)949 6877 TOB Classification: STOCK & BOND BROKERS The information in this report has either been provided by the company, or has been compiled by the Bureau from other sources...

If you can stay positive every day, you are -way- ahead of the game. Always keep learning with a passion and KISS (keep it simple, stupid).

Datek allows daytrading on a cash only account ..

lol http://www.urateit.com/newreviews.asp most infomercial stuff are notoriously bad.

any feedback on fill speed, reliability, etc. www.brokerageamerica.com Yeah, it's not direct access but no where else to post it.

for example: ITWO had 6.7 mill shares short for 5/02, 9 mill shares short for 6/02, then jumped to 10+ mill for 7/02. the price range during this time frame went from $4 down to 80 cents. I'm presuming institutions aren't allowed to short (?) , so someone has to be doing it.

Thank you much.

ok cool.. I hear Schwab was able to from a little black bird , but he might have been full of droppings.

stockcharts.com , post a graph with ATR indicator

I use it to short.

it's $25k only if you are on a margin account. if you day trade with a cash only account, you can trade as many times a day if you want (at least on Datek). On the other hand, if you have less than $25k and day trading.. you've either a) lost a ton and aren't able to make money back up to...

Yeah that's standard risk procedure , with moderate gain potential and small fixed losses. best for positional trading or someone with substantial capital. For an under funded trader (10k or less), the profit potential may be too conservative and a much higher risk % would have to be considered.

Say sub $15 per trade.. thanks. Raised margin rates would be expected.