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AT and Mecro, Great points and observations! I find myself making exasperated statements at my monitors all day long. Things like, "Oh no, you FOOLS, don't start pounding it NOW, let it "breathe" and move a little more!!!!" As long as the stock you're trading can handle the bigger...

A losing day on OPGs today, but with some good spots. I took some of Don's advice on one of these earlier threads, and was able to make back a bit of my loss. One of my opens gapped up (put me short on the open), then just had buyers come piling in. I chopped out of the trade, and since I...

ARCA has a built in smart routing logic. So, if you send a marketable order to ARCA, it will "shop" the available prices to get you a better fill. That means your order can get sent pretty much anywhere, like NYSE. It's in this case, the specialist gets control and can hold your order while...

I don't have a reason to ban anyone. The discussion has generally been very informative with lots of good detail being debated back and forth. When the posters start attacking one another verbally, then I remove parts of or entire posts. I won't rewrite them or add anything to a post...

Well, I don't use any; I've written my own. I have been interested in what these are all about, and I am enjoying the detail that many of the posts are providing.

Doing so now..... I'm deleting the posts that blatantly attack one another. In some cases, I've deleted paragraphs that do so and tried to retain portions of posts that are on subject. We moderators do this for free, and no, I'm not online all weekend long.... Keep the posts on subject...

This has been a fruitful and useful discussion; however, while good points are being made, it is also starting to get a bit heated. Please keep the discussion centered on the products, user experiences, and facts as you know them. Refrain from personal attacks, or I will start editing and...

One behaviour that I've noticed in a couple of stocks that trade closely with the SPoos is the following: Say both the SPoos and this stock are strong that day. The market has pulled in a bit and starts to rally. For some reason, the specialist will print up 2, 3 or 4 cents, then print back...

I think many people have indicated that this can be very risky. I agree generally with what they are saying. However, I want to add a possible exception: if this is a stock that you know very well, trade day in and day out, know this move is extreme, know the specialist's personality...

Hey Don, I thought you might've gotten LLY this morning. It opened high and just started trading down. Textbook....

Don, Yes, I do remember. Based on my list and historical performance, there are only a handful of stocks that I'd be comfortable doing that sort of size on. Those few I have sized up pretty nicely in my program. I'm torn between just focusing on those, and opening all of the remaining 88...

Had a good one this morning. 14 fills, only 2 short. The total was $1.38. It works out to just under 10 cents per trade. No big winners, some were decent, but it was just the lack of losers that made it work today. As for news stocks, they've tended to work out better for me than not...

Just double checked my orders....missed it by a penny :(

Good day here. 48 cents total. 10 fills, all winners, but as you can see, most were small winners... :)

Can anyone point me to a source for the NYSE auction market rules? I've done all kinds of Google, Teoma, etc. searches, esp. on the SEC and NYSE site, but I've come up with very little. Specifically, I'd like to read the details about limit order handling. I'm pretty sure that there is time...

Yep, got pounded on several this morning. Unfortunately, the others didn't make up for it in my case... :( Pain today from BBY, BSX, KSS, IBM, and WMT. I'm hoping for a few better days to follow...sheesh, tough way to start the week.

klein, I completey agree with what you are saying. Little costs can mean a lot in any business, especially high volume ones. I bet that doubling of the SEC fee doesn't add up to chump change either...ouch! In my recent former life as a controller in high volume wafer fabs, we were...

I thought my last post might get truncated.... so here's the rest continued.... The second method of enveloping that I alluded to above is a bit more static approach. Again, it is used when the market is rangebound or choppy. As some have suggested, if a stock is demonstrating a upwards...

Well, there are probably more, but I wanted to chime in and make this distinction. I've seen traders using both styles successfully and both call it "enveloping." In one case, a trader will put out some bids and offers away from one or many more volatile stocks. The intention is to catch a...

mdl, I would strongly encourage you to look at some of those. I don't know what stocks you are trading, but do throw in a bit of volatility adjustment. Your results will thank you. In my own trading, I've seen some stocks go from complete dogs to stars, just by giving them a bit more room...