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I cannot restrain myself from adding my two cents to this topic. First, all the big guys are daytraders; I see them every day. The market makers/specialists are preeminent as they have the law, the rules, the information channels and the capital resources stacked in their favor. No one...

Please excuse my ignorance p but when you say "futures" are you referring to the Nasdaq index, the S&P index, the SOX index, etc.? Or, are you referring to something else? I want to make sure I am keying on the best leading indicators. Regards

Thanks p for you reply I am still bewildered as to what you mean by "futs". Can you explain what you mean by that term? What are we watching to observe tick by tick movements of the "futs"? Regards

your post #244 relating to the following: "....I can basically group any specialist into about a half dozen categories or action types by just watching 5 mins of him, and looking back over the action from the last 2 days (the main ones are; stop blowers, whole and half blowers (i try and...

Nice posts p You mentioned "futures traders." in an earlier post. What do you mean by that? Are you taking about qqq and spy or what? Regards

See my post on the other thread today - same problem. Problem is to get them to answer the phone. http://www.elitetrader.com/vb/showthread.php?threadid=820&pagenumber=24

Had problems in IB today. This morning orders hung up in blue - cancelled thereafter and they hung up in pink. Service froze with no data feed update. Half a dozen calls to IB produced nothing. I was long 500 in Yahoo at the time and the price was dropping. Lucky for me the price eventually...

Both of you are correct. Thanks for reminding me. I have been spanked a couple times for having a predetermined mindset on which way the market is going and found myself trading against the market. Regards

I am looking at puts on oil stocks also.

The market is anticipating an interim Greenspan cut in April because of the sharp pullback in consumer spending. My gut feel is they will not get their wish and next week may start a renewed search for a bottom. If that is the case, short plays will be in order. The SOX is up over 30% in...

Thanks zboy. As a test, I went short and used a stop. Result was I got burned somewhat when it turned into a market order. You are right. The best way is to to watch your position vigilently and use mental stops. andrasnm From what I have heard the shorts are up to there eyeballs in this...

Thank you zboy. Would a stop be more prudent, or is the stop limit the recommended way to go? Another question relating to the market downturn last week. Assume one has a covered call position (out of the money), or one has sold put contracts, and the market (and thus the subject stocks)...

Hi All I am new to daytrading. I used an internet broker for three years and am now with IB. Wow, the difference is as going from night to day. I wish to have advice on the proper technique to enter and exit a short position on an intraday basis. I know this is an open ended question...