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It is typically done in a low volume stock. You send a small 200-300 shared order roughly 30-60 seconds before closing... And you can usually close the stock higher by $0.05 or so. If you have a 5,000 share position... This is very helpful... You might get $0.05 more the next day on...

In less liquid stocks... the Specialist knows exactly which account you are. I don't know about the QQQ story... But I have been jousting every day with the same Specialists for 13 years... And used to be a US broker-dealer Principal with 4-5 exams... And I do not believe the NYSE has the...

People are overreacting... And the Uber-Geek solution... Is always to get average people to switch to Linux.. where they will be hopelessly lost. It's simple... A key-logger or trojan has to ** access the internet ** to send info back to the crook. Any good firewall will make this all but...

Both CNBC and the new Fox Business channel... will be one and the same. They are an integral part of the vertically integrated Securities Business... Whose ** sole purpose ** is to transfer wealth from YOUR pocket... to the Securities Industry. You will get the same Wall Street talking...

You are obviously a trading Loser. The first half of your post is correct... about "brainwashed everyday on ET"... Since ET is an integral part of the vertically integrated Securities Industry. But you fail to understand that in ALL Zero Sum Games... Roughly 5% of the players are...

George Soros called his autobio "Staying Ahead of the Curve". I think about that phrase many times everyday... It applies to every small business... and very especially to a trading business. With transaction costs down 80-90% last 10 years plus decimalization... It's now about 2...

All the time. But are we not men? If you can concentrate on the market 80-85% of the time between 10:00 and 15:30... With 99% concentration for open 9:30 to 10:00... and close 15:30 to 16:00... And keep that up day in/day out for 253 trading days/year... Then you are very disciplined...

I'm sure Dick has all the friends money can buy in NYC... And I'll bet he can even spell "emmigration". Also, imo... It's important that Dick put out a rap video with some serious Guest Stars... And then start a hedge fund with some CNBC "personalities"... In that order. Or if he's as...

Decimalization rendered many Business Models obsolete overnight... And spawned a bloodbath in Third Market dealer stocks... But now 5 years on... everyone has downsized and adapted... and is profitable again. Same thing will happen in any market that goes from sizeable increments... to...

His legal bills will run into the millions. And he will probably be fighting civil suits for the rest of his life. Emigration to a tax haven is probably his best option.

It's the Theatre of the Absurd. Grasso planned and facilitated for 20 years... The theft of billions and billions on behalf of the hallowed members of the NYSE. On the street this is called a "racket". And then he's set up as The Fall Guy. He had no idea the crooks he was dealing...

You have to be brutally critical and honest in analyzing your mistakes... And respond to each "disaster"... By working harder... and building elements into your trading that will prevent repeat mistakes. Every "disaster" I have endured in 13 years... Has made my business stronger because...

If you are serious... I would forget about free or $10/month or $40/month quote vendors... And focus on business class quote vendors. It costs real money to deliver fast, reliable quotes... And if a person won't or can't spend $15-$20 per trading day plus exchange fees... Then why bother...

Wasn't there a huge glut of "fibre-optic" infrastructure a few years back... Which contributed to many telecom bankrupcies or restructurings? Also... your point about East Europe is ridiculous. Roughly 50% of Americans have broadband... 70% of the British. While roughly 10-15% of people...

I don't really agree with the premise of the post... That successful traders lose X amount... and then turn it around. Successful traders... Have a lifetime of obsession with zero sum games and games of chance... Starting in the teens... Plus almost always a university degree in a "hard...

You have absolutely no idea what you are taking about. There is no chance that you are a successful trader... So why are you starting threads at ET and wasting everyone's time? Rockfish is The Man.

Why do people post simplistic "truths"? When I "scale out" and take a profit... The money goes right back to work in another position. While someone sits on a position for a week and MAY take a slightly bigger profit... I will have scalped in and out 10 times and made more money. And...

Good point. There is no "correct" way to trade. One should trade in a style that suits one's personality. Me... myself... I love to make a decision in seconds and make 200 trades/day. I can do it in my sleep... Like it's 10:49... and I've made 54 trades today... and I'm bored... And...

Yes. Where have you been? Trapped in a cave for a generation? Computers have replaced pencils... And risk management on the clearing firm and broker-dealer level is infintely more sophisticated. Reg T has been a total joke for decades... And, as someone said, it's reached the point where...

IB will be the last to adopt... The IB Religion teaches... That you maximize growth by treating professional traders like irresponsible idiots... But, imho, it severely limits their growth. IB is still 1% the size of Merrill Lynch... and alway will be 1% the size of Merrill Lynch..