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OK to answer all of these. First one thing there are a few pro firms that have a minumum of $15,000. I'm not sure if they will have to raise their minimums with the new rule but they aren't held under Regulation -T. So that might be an idea to get around the minimum rule of...

I'll disagree with Pretorian on a few parts above. DON'T use stops, for me that's nuts. I'm wrong about 50% of the time. My stop makes me have a small loss. When I'm right I have a HUGE GAIN. but I need stops to be able to trade till that huge gain comes. You'll...

Any of you guys consider becoming a professional and not be affected by all of this? Professionals aren't held under Regulation-T which is what is being modified. rtharp

Pretorian2 actually has the best play. DON"T PLAY it. Usually very highly speculative. rtharp

Best way to play a rate cut is follow Steve Cohen as he talked about in "Stock Market Wizards" put in a limit buy order well below the market and a limit sell offer well above the market. Whatever happens is pure speculation and a huge overaction. I'd look to fade it when it's losing...

I'm with Pretorian2 I trade the NYSE. I need to execute size sometimes and know I can get it done on NY but not always on NASDAQ. This makes the NYSE a place I can control my risk but not NASDAQ. I tend to trade extreme price moves mainly now for this market, especially on the short...

I cheat and use bullets but hey that's me. I've tested them. I can get a bullet filled in up to 2 minutes(specialist limit) meanwhile I needed an up print to short when I had to flag my order as a short. That took 12 minutes on the same trade. (it was a freefall)...

Futures aren't electronic except for the E-mini S&P and a few others. The majority of futures (which there aren't many already) are traded by a process known as open outcry. This is a big group of private traders and brokers who have an daily auction so to speak. rtharp...

I agree and disagree with that statement. I'd take it a step further and say right only 30-40% of the time starting out. I know some top hedge fund managers who do the exact same but still do quite well due to winners being huge. rtharp

On everything well I'm "DR" Tharp's son. I also tend to only daytrade and have a very small timeframe (only about 10% of positions are ever held overnight) I tend to risk about 2% on my trades. If there is a lot of momentum. I will add to the position very quickly so I might...

http://parttimetrader.com/coolstuff.htm Try this one. It's real time for a few days only though. Rtharp

Whoa! This I have to respond to. As a position moves in your favor your risk is increased. You buy a stock @100. Your stop is 90. You are risking 10 points. If the stock moves in your favor say 110 you are now risking 20 points until you raise your stop. Yes you have 10...

I spoke with Tony recently by email He mentioned he was working on a few projects currently and to make sure he puts in 100% effort is detaching himself from a few things such as message boards. He said when he's done he will continue posting. Hey my father appreciates the comments on...

Majority of brokers didn't have any shares available for KKD. it's that heavily shorted..... now that it has split most brokers haven't updated thier software to allow it. rtharp

That varies by firm on the above. The Redi system charges extra to my knowledge for the price improvement, even though a lot of times it had nothing to do with their system. Echo doesn't use Redi for a variety of reasons. Pre2 I'd call Jeff or Rob at the Arizona office. They can tell you...

rtharp

Spreads actually trade more than outright options. If you call a floor broker you can get a bid/offer for a certain spread. If a outright option is done on the floor, the floor usually hedges the risk with other options. rtharp

A few Bright guys took a big hit lately with this. GE-HON rtharp

I live across the street from the beach and Horse Race track in Del Mar. I personally don't like the odds in horse racing. The track takes over 30% out on the bets. The's a considerable spread. rtharp

Closed out LH for a profit of a few points. I was ready for a bigger drop. I did double my size after the split so that my risk would be the same. I'm going to start a new threads to post my shorts on. Looks like everyone has moved to the Yahoo board. rtharp