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    Remote ECHO Traders

    I've been trading with Echo since January, and remote from home since April. I've been consistently profitable since May after spending a few months experimenting with different styles and finding something that worked for me. I've banked enough money to live on for the rest of the year...
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    Commissions on 5k to 10k + shares

    10000 shares at Interactive Brokers would be $52.50 and 5000 would be $27.50. Some places cap their commission on nyse trades at $25, regardless of size.
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    nx button

    I've found that it depends on the stock. It seems some specialists just ignore it and others will let you get some stock with it. I use nx all the time, but with some stocks it's better to just go with a limit order 5 or 10 cents over/under the posted price, or else you'll never get the stock...
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    Don's openings Part 3

    So, how do you like working that many positions? :) I cut my list of stocks almost in half to get back to the 5-8 fills I like having. One huge gap days, I find that a lot of my losers come from longs that are opening up on a big up open or shorts that are opening almost unchanged on a big...
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    Retail Alternatives to Bullets.

    I'll relate a story I heard of a trader at one of the popular pro firms. He was the biggest dude there and traded massive amounts of volume and put up tons of bullets. He thought that might entitle him to a discount on what he was paying for them. The firm said no way, so he went directly to...
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    daytrading lucent (LU) ???

    I know a trader who only trades Lucent in blocks of this size. I don't know if he's still doing it since it dropped under $5. The advantage is that many firms cap their commissions for nyse stocks at $25, so you're only paying a fraction of a penny per share. There's definitely enough...
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    getting a loan...please read!

    I agree with what Don Bright said. If you are trading for a living and are consistently profitable, but it's the size of your account that is holding you back, then join a professional trading firm where they will give you access to as much capital as you need to trade (within limits). I was...
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    Don's openings Part 3

    I was filled with 10 longs and 5 shorts, still many more than I like having. Several of the longs were stocks that opened basically unchanged, so when the spoos started to drop, they followed pretty quickly. Things were pretty quiet and if I had fewer positions I would probably have held them...
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    Don's openings Part 3

    4 longs, 8 shorts, grossed $3.05. Similar results yesterday. The action in the first few minutes wasn't too wild, so I found it a lot easier to manage things.
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    Oil services Sector, how to trade

    GSF and WFT are two of my top performing stocks today. I was late to the party for the sector, but pulled out a few bucks. Corey
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    Oil services Sector, how to trade

    The drillers are great to trade because they all are so highly correlated and they trend during the day, plus they have good daily ranges. I put up level 2's and t&s for 3-5 of them and when one spreads up or down, I hit the others. Works 7 out of 10 times. Just look for a leader in the group...
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    Trading style....

    I turned consistently profitable with few down days when I became a very short term scalper a few months ago. I leave a lot of money on the table and pay a ton of commissions, but it suits my personality and I have been making good money.
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    Question about not getting up from desk

    I've actually thought about getting something. It would have to be something with a lid on it though so it wouldn't spill if I knocked it over. I remember when that plane hit the building in Italy and the market dropped then bounced back some huge amount. I was in the bathroom and missed...
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    Traders under 25K

    Sounds like you would benefit hugely from joining a professional frim. Your capitalization is preventing you from trading the way you want and sounds like it's exposing you to risks you don't want to take on. Some firms will take you with less than 25k and your leverage and commissions would...
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    Risk of system being copied by broker?

    I'd be surprised if a retail broker would do this, because of the sheer volume of trades. They would probably have to appoint someone to look for the patterns of their most profitable traders. But if they trade their own account as well, I guess you can't discount it. I have however heard...
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    NYSE delayed openings

    www.atfi.com
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    Daytrading During A Recession

    I worry about this all the time. A complete lack of interest in the market and no volume or volatility. I think we are in for several years of an environment like this. I think learning other markets is a good way to beat it. Commodities, currencies, asian or european stock markets...
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    Did you have a good day, dear?

    I've been told to keep it down when I'm having a bad day. We have young kids in the house and don't want them hearing daddy use such bad language. I really only want the specialists to hear me, since that's who I'm yelling at. But when the wife takes the kids out, I can let'er fly. I...
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    Don's openings Part 3

    Look at CSC and EDS and how they reacted to the IBM news. I didn't look at IBM close enough and put orders in for these two stocks, which both tanked. So today was a bad day for me. Smacked in THC too.
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    Futures squawk box

    I'm mostly listening to the bids and offers as the spoos approach support and resistance levels. When things breakout, you'll catch it first by hearing them start to go over top of each other. Like 915.2 was a prior high and the bid/offer went from 5.0-5.2 to 5.2-5.5. That plus the noise in...
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