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The ISLAND ECN can and does suppport uptick rule so you aren't in violation. You hit the offer and not the bid which was an uptick. It doesn't take much anymore now to get that. Greg it varies by companies. Overall I would write IB to see what they say. YOu are probably going to have to...

mjt Markets trend only about 20% of the time. Lately we are trending but on the downside. It looks like we might have found a short term support level,don't count on this holding for very long, that is holding for now. I trade breakouts on a one minute bar and ride them all day trailing...

you could get 4000 filled in that type of volume unless it's a fast market and you are going w/ the momentum than good luck as everyone is trying to do the same thing. It will be instant if you are trading against the immeadiate trend, if you are with the direction of the market it won't be...

Pre Amazon today was really liquid as they announced that would beat earning estimates and soon be profitable. I'd try that again in another week or so. http://communities.msn.com/rtharpsland Robert Tharp

Brooks I tend to just use good ole Investors Business Daily and http://www.investors.com when searching for breakouts. Look at the stocks with the heaviest increase in volume. Mutual funds take time to enter in a position so one day can easily follow more days. if you want...

Pre you missed part of my post. The MARKET must be positive. We haven't been positive lately rtharp

Pre I still trade breakouts but on an intraday timing. The market MUST be positive. This means a few minutes after the open look at CNBC are all of the 3 cash markets in the corner green? If not than no breakouts. I look at stocks near 52 week highs, large increase in volume, and...

Pre did AZA do this before or after the merger announcement with JNJ? He doesn't trade the same anymore as he used to. The volume has skyrocketed. GLW still does some pretty serious gaps and AOL too. Just be careful. rtharp

Just a warning that no one has posted some specialist are a**holes. AOL and GLW are high on my list of dangerous stocks. IF they get a huge order they gap the market down to their level and a new bid/ask forms. For a daytrader who has a .10 cents stop it's pretty frustrating to have a...

your post sets off a few alarms. Yes always use a stop and then the next part is I'm not looking for home runs. Cut your losses short and let profits run. Did you cut your winners too quickly? Take a look rtharp

First and foremost pay attention to Time and Sales it's the most important part. What's happening over there can show you what he wants to do. second, Does he suddenly slip below Chicago, Pacific , Boston, NASDAQ, and the other exchanges on his bid or offer heavily. He's got the book they...

If the stock is liquid there is a way to trade it. rtharp

Jeffery I trade reversals also. (find stocks down 20% or more) and figure out where support is. These are some of my better trades. I wait for buying.......this type of play actually should have a very close stop. not 3 points..... Picking bottoms can be quite dangerous, if...

Jeffery when I daytrade breakouts. I use a one point stop loss with a dayhold stop and than trail my stop throughout the day when it turns positive. My risk is adjusted by buying less shares Risk per trade = (Entry price-minus stop price )* # of shares. IF they use a 3 point loss...

You can't short on a downtick but you can exit a long position on a downtick Big orders are usually from Mutual funds and Insurance Companies. rtharp

Bears on magazine covers.............it's about time. we might have a short rally soon. rtharp

Thanks Wireless yes that's what I was referring to. So the specialist does set the price but he has computer generated help. rtharp

Mutual Funds & Personal Finance Friday, March 16, 2001 Printer-Ready Version For The First Time, NYSE Opens Specialists’ Books By Ken Hoover Investor's Business Daily The New York Stock Exchange is about to yield what was once considered its most cherished and profitable secret...

There is no one real answer I can give here. Every human is different so what works for someone might not work for someone else. What I can recommend is just learn. Surround yourself with good traders. I attend a lot of seminars, meet traders with outstanding track records and just pick...

Praetorian2 I remember reading somewhere about the opening price being set by a computer. I don't remember where though. I would like to figure out exactly how it is done. Does anyone have any info from a source about how opening price is set? rtharp...