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Dell makes a 20" LCD that I have heard good things about. I think they go for about $1300 or so. I know that it has both Digital and Analog inputs and it supports full 1600 x 1200 resolution... Leland P.S. Here is a link...

Newatthis, I really like your idea of going to trade with a couple of other experienced traders. I currently trade from home (and love it) but if I were to trade out of an office my first choice would be with a couple of close trader friends - but come to think of it I don't really have any...

Robert, I was talking about trading 5000 share positions in only a handful of stocks (not 200 positions). Just wanted to clear that up as I am a very risk adverse trader.... Leland

What about Self Employment tax when it comes to futures trading? I know that a trader in securities (equities) doesn't have to pay SE tax (FICA) under the Trader Status rules.... Leland

Tell them that you manage risk.... Leland

newatthis, You trade listed stocks correct? So you watch the same ones everyday or do they change? My stocks change each day... Nitro - how do you manage to watch 80 stocks? I have trouble watching 8 (LOL). Maybe my eyes are going bad:) or my mind (LOL)!!!!!!!!!!!! Leland

I was curious how many stocks people are watching on any given day? I trade listed stocks and have come to the conclusion that I need to start watching less stocks per day. Trying to do too much is just too difficult. Do you watch the same stocks everyday or do they change?? I am going to...

I haven't seen the movie yet but I heard on TV that it is part of a trilogy. Maybe that has something to do with it? Leland

Have you looked into Interactive Brokers? They have dirt cheap commissions and direct order routing.... Leland

Interesting posts about taking a "shotgun" approach to trading and being both long and short at the same time. I was just reading about Mayer Offman from Carlin Securites and this is his approach to trading. A pretty interesting way to trade but one that takes a lot of capital. But on the...

I agree. We need to trade less and get more out of our trades.... Leland

Time to change to September contracts...

I thought it might be interesting to hear some stories and opinions on what you consider to be daytrading with size. What does it take to be a size trader? Taking 20,000 shares at a clip, does that classify? What type of stocks are size traders daytrading? Do they take their positions all at...

The greatest advantage to the specialist system IMHO is that it has a true opening print. I don't like the fact that nasdaq doesn't have a true opening print...

I have heard good things about the Dell FP 2000 (I think it's FP). They support both analog and Digital as well as 1600 x 1200 resolution. http://accessories.us.dell.com/sna/productdetail.asp?customer_id=19&sku=320-4105 Dell has them on sale for like $1240/ea right now. Thats a great...

Thanks for the great insights. Basically trading is all about probabilities and positive expectancy, etc. One must gain an edge and be able to put the odds in your favor. How does one gain an edge? Well thats a whole different thread (LOL) Leland

Is Daytrading equities something that is totally random and the outcome totally a function of luck? When we put on a "daytrade" are we just guessing that it's going higher or lower (if short)? Or does our edge take the randomness out of the equation? Is the outcome of our trades just a matter of...

So now are all the institutions going to start using ARCA and thus use the hidden order feature? Show 1000 for sale with 50K in reserve? Not sure if I like the idea of that. Sounds too much like nasdaq trading to me. Have to see how this ARCA thing plays out I guess... Leland

I have seen this style being talked about a lot lately here on elite as well as another site. While I think getting to know one stock and trading that stock may be helpful I really don't feel that is the way to riches. What happens when the market is really ripping (or tanking) and your stock is...

Thanks for the replies guys (hello Eric)!! Eric you bring up some very interesting points. I too have heard stories of some traders making 10-20 million per year during the great bull market of the late 90's. Unfortunately those days are gone... I really like the idea of trading baskets of...