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    Remote ECHO Traders

    Systems go down in offices too, so you are at risk no matter where you are. Trading remote, you are probably have a better chance of a being bumped from your internet connection, but it's only 30 seconds from the time you pick up the phone until you are out of your positions. When I've had to...
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    Best software for a large number of charts?

    I have four 21" monitors for charts. I've displayed up to 64 charts in qcharts with no problem. I now use FirstAlert as well and am using one of the screens for charts, which has 16 of them up, again no problem. I think qcharts has better looking charts.
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    Can someone explain "slingshots"

    Slingshots, as Don refers to it when talking about opening orders, is not the same as the Jeff Cooper slingshot. Don is refering to the instances right after a stock opens when the specialist will whip the stock up or down very quickly, do a few prints, then reverse it. By having limit...
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    how important is the entry and how complicated does it need to be?

    Most of my trading is momentum scalping. Entering the trade at the proper price is crucial. If I want to take out the ask on IBM and try to make a quick 25 cents as the futures make a pop up, I need to get that advertised price. If I'm too late and he moves the offer up 15 cents, most of my...
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    Looking to learn about the opportunity

    Just realize that you would be starting a new business and that you will take some lumps in the beginning. It is typical to go 6 months to a year without earning a dime before you learn the ropes enough to make consistent money. Definitely have enough money set aside to cover all your living...
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    What are Don's openings

    You basically got it right in your first post above. The idea is to capture stocks that are opening artificially low or high compared to the futures and the stock's own fair value as compared to the futures. There is a good chance that this is happening because the specialist has an imbalance...
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    On Opening Orders

    It's not an exchange rule. I still have orders going in as the bell goes off. You can put oo's in for stocks with delayed openings after the market has opened as well.
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    Don's openings Part 4

    There was news on WMT, as well as many other retailers, so I took them all off my list today. I personally don't trade stocks in the news for openings. They can work out fine, but I've found that when they go against you, the damage can be significant. Better to watch the stock after it's...
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    Don's openings Part 4

    I do this on several of my stocks, based on my experience with them. Stocks with high win rates or ones that don't give many fills, I tighten the envelope on. I also customize the share size based on price and how volatile they are on the open and how likely they are to gap or trend smoothly...
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    Number of trades vs max profit or loss

    I think you cap yourself with a maximum number of trades per day. A lot of traders make the majority of their money on a relatively few days. If the market it running strongly and giving lots of good set ups, you've got to step up and capitalize. It's what you need to even out all the losers...
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    S+P Rebalancing Play

    This a repeat of the ATH add a month or so ago, which was also discussed here. It printed down a dollar on the moc. I think the play on these things is different now, at least for the near term. So many people were awe-struck at the 'free money' in GS, RD and UPS that there are too many...
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    what do you say when people ask you for tips/advice?

    I just tell them that my average timeframe for a trade is under 20 minutes and that I have no idea what the market will do overall, which is true and took me a long time to truly believe myself. I've given out too many tips that turned out bad and it can hurt a friendship, even when it's your...
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    Saving charts

    When I used to swingtrade, once a week I would do a screen capture of the charts after the trades were closed and put annotations as to the set up and reasons for exit. I saved them all in one folder and had a column in my spreadsheet where I would put a hyperlink to the chart for that symbol...
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    Don's openings Part 4

    Anybody have CAH on their list and get a fill today? I had an order to short 1000 at 64.75 and got filled at .80, but only 100 shares. Anybody ever get a partial fill like that? Kind of a rip off since the stock tanked a buck.
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    Saving Layouts Matrox G200 MMS Quad

    No, like I said it worked fine from day one. It could be an issue with the software you are trying to save the layout in.
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    NYSE vs ISLD for listed stocks

    Some of the thick stocks have good ecn liquidity, but from what limited looking I've done (I always go through the specialist), things pull back quickly when the market starts to move. When the specialist freezes the book, do you want to be the guy getting picked off when your bid or offer is...
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    Saving Layouts Matrox G200 MMS Quad

    Win2k, which allows you to stretch your desktop across several monitors. The matrox software, Powerdesk, just makes it easier.
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    What exactly are you here for?

    You haven't spent much time on internet message boards have you? They all eventually degrade somewhat, it's probably got something to do with human nature. ET has held up better than any other I've seen.
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    Saving Layouts Matrox G200 MMS Quad

    I have a g200 and a g450 card running 4 monitors. I use qcharts for my charting and have my workspace stretched out over all 4 monitors. I've never had a problem saving and reopening it. It always goes back to the way it was when I closed it. Didn't do anything special, it's just always...
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    Remote Echo traders

    Sterling, which is the order entry system used by most guys, doesn't take a lot of power. I'm running it on a P2 400mhz with two dozen time and sales and two dozen level two screens open and it runs without a glitch. Instaquote, for charts, seems to run fine on the same computer, but I'm...
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