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Well first on a systems book there is a full course on systems. A seminar and a tape set see this link. http://www.iitm.com/systapes/ii02000.htm I'm not here to sell tapes or whatever though. I believe by helping others in a spiritual way it comes back to you so that is more of my...

Hsanson Your post got my attention heavily and I'll address it. The majority of traders aren't profitable that is correct. There are a few who are and they are constantly profitable. That isn't luck it's skill. Actually you can backtest any system and indicator to figure out your...

There is another factor I forgot to mention. It is possible for that 2500 showing on the offer to really be 250,000 or 400,000 showing on the offer with a market maker setting an automatic refresh on his order. He has an order to sell 400,000 but if he showed his hand the market would tank...

long term Economics of supply and demand will move an equity where it should go. Short term means very little, it is very possible for market makers to post false bids, and move stocks in the opposite direction for small time periods. Usually it pays to watch the time and sales more than a...

andrasnm they are Pacific Stock Exchange There is a risk here, I'm not saying there isn't. I feel that the risk is a manageable one if you allow it to be. rtharp

This is the same risk every floor trader, and member of exchanges faces for their account when they find a clearing firm. They must have their money pooled. My buddy Tom was a member of the CBOT and cleared through First Options. They told him everyonce in awhile sweep your account of...

This is a risk, but (in my opinion) when you weigh the benefits against the drawbacks I prefer that risk. Trading capital shouldn't be capital you couldn't afford to lose. That chance is small. If it bothers you that much don't open an account, this type of trading isn't for everyone...

ok hopefully my reply goes through. I sent a reply but it would just hang. I guess it would send email and than nothing. First check out this thread here. http://elitetrader.com/vb/showthread.php?threadid=819 I started it about LLC firms awhile back. It's how I learned of Echo...

Tom_P for your budget why not get DSL and cable as a backup. If one goes down have a router switch to the other. This should be well in your budget and solve most problems. Have Cable provide your quotes and trade off DSL if one goes down you won't be left holding the bag. I'd go...

Hey if he feels we have such an advantage it's a free country. He could daytrade also. This gets into why the county was started Freedom to do as you choose. I choose to make a difference to the market by accepting risk. I take on huge positions compared to a normal investor so I...

If you are trying to buy while everyone else is buying there aren't many sellers around. If you are trying to sell while everyone is selling buyers are very few. Think of this as a chess game. You have to out smart others. I doubt it's your broker, or a DSL connection. It's probably your...

If they start to offer Real Tick the fee's will go up. Real Tick Charges all of the brokers who use the software $3.00 for every transaction. The penny per share fee won't be available with Real Tick than. Rtharp

if you are looking to get long/short before a rate change it's just about impossible as the floor pretty much hears the info first. One thing you can do is get a squwak box of the floor. IF YOU EVER HEAR A HUGE ROAR IN THE BACKGROUND DO NOT FADE THE MOVE, INSTEAD TRY TO GO WITH IT. rtharp

This is where I must reply. Dan might have hit a great winning streak. The best bull market in history. Was it all luck or skill? I've been trading for quite some time. The successful traders when I started are still doing well. The 10% is still the same 10% year after year. That...

The big thing I should have posted before was not cutting losses as quickly. Taking trades that do not have an edge. If you do not know your edge you have none. The other big one is cutting profits too quickly. If you were to reverse your system completely it you must also reverse your...

The GeForce2 MX with Twinview from Nvidia is a great card but I had to put it into storage lately after upgrading to Windows 2000. They have no tech support and the drivers they claim work for Windows2000 don't work on my computer. It worked fine under WindowsMe. rtharp

There are other things to consider too, such as slippage, commissions, and the other extra cost of trading. Overall this is something that can be done. This is why trading psychology is so important. rtharp

I can just attack that article on and on and on. How about a true daytrader goes home flat by the end of the day. Whatever he did in the morning was closed out before the market closed. So in effect whatever buying they did was met with an equal amount of selling in the same day. Hard to...

What about the FED pumping huge amounts of money into the market due to the worry of year 2000 shutdown? That didn't have anything according to the article? How about the fact bear markets are a natural part of any market but it's been since 87 since we have seen one. Things got out of...

This is off topic for the thread but I'll reply as I trade w/Echo I'm not crystal on what you are asking but will try to respond to the two ways I can read your question. The deposit is $25,000 minimum but there is no maximum for a deposit. If you deposit $25,000 with Echo depending on...