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I think the problem here has nothing to do with your software, you probably just don't have access to the island book (ISB). If you did you would be able to see all those ISB's on your L2. BTW, I'm a prop trader and I use software that is being developed by my company. It actually only...

Really, mine shows the shaved price. Suppose there were 1000 shares (hidden) offered at 25.298, 1000 at 25.299 (unhidden) and 2000 at 25.30 (unhidden). My level 2 would show this: 25.2990 ISB 10 25.3000 ISB 20 25.3000 ISLD 30 Also, time and sales can be a useful tool in identifying...

It does? Not on my Level 2. Do you mean an ISB or an ISLD? By the way, I use hidden island bids/offers the majority of the time, especially when trying to dump a position.

About f***ing time already, those criminals (the big 5) have been suffocating Canadian traders for far too long.

TRAC is part of SuperSOES too.

Today was excellent volume. I wish it could trade like this every day. But unfortunetly, WCOM shares will soon be worth as much as those of Enron. Certainly a bounce is a possibility over the next couple weeks though.

This means daytrading profits are effectively taxed at at higher rate than those earned by a buy and hold guy, right?

Were Warren's comments a precisely calculated attempt to promote his personal financial interests, or is he just beginning to suffer from senility?

No delay? Whatever. There's actually a 0.4 second delay before it even gets accepted. That can be an eternity when a stock is moving. It's alright I guess if you're not a scalper like me, but certainly doesn't provide the instant executions that island and other ecn's provide.

That's great thing about the market, it doesn't care who you are or where you're from or what "pieces of paper" you have acquired over the years. The only thing that matters is how well you can trade. I will admit that connections, education, etc. are helpful in opening doors to jobs within...

Let's not forget trailing stops either. They can be quite useful.

What makes you think that there is direct correlation between intelligence and level of education? I met some of the dumbest people I've ever known at university and have also worked with some very intelligent people who never finished high school. I don't think that you need to be especially...

I'm a Naz scalper and I agree with this statement wholeheartedly. Sitting around waiting for an uptick sucks when your stock is tanking hard and you want to get in. By the time you finally get one the run is often over. Frankly, it's a stupid rule anyway. What purpose does it serve? If...

I use fractional cents for a lot of my island bids/offers to get ahead of others in line. However, I don't think Supermontage will allow fractional cent executions (SuperSOES doesn't). Basically, I think this whole thing will simply allow island bids/offers to be hit by Supermontage liquidity...

Would I still be able to hit island bid/offers directly (to avoid paying both the island and supermontage fees)? If this is not the case, that would really suck since every market maker would be in front of me in line if I decided to place a bid or offer. I'm pretty sure that you would still...

I trade my company's capital exclusively. There are jobs like this at several companies. As far as education is concerned, a degree is preferred at my company but isn't mandatory. Trading experience isn't needed either. Having the right psychological profile is more important.

To get to $1000 a day in credits, you basically have to be able to average about 900000 shares a day in volume using only island bids and offers (or LSPD). You just sit there all day putting up bids and offers and wait until they get hit (this might take a long time). I've been told it...

I agree with that statement. Certainly there is a lot more to being a good Nasdaq trader than just having good video-game skills, but it certainly helps. I was actually required to play a video game during one of the interviews for my current positon as a Nas prop trader.

Believe me, there are some people who do pretty well employing that strategy at my firm. The good ones average like $1000 a day in bid/offer credits alone. It only really works on low price, low volatility, decent volume stocks like MFNX, not on stocks like SUNW or CSCO. The intro of LSPD...

Trading In The Zone by Mark Douglas is a pretty good book.