def. depends on situation. i.e pairs you always do it...and newbies will always put another position on too soon i.e every 10 cents whereas i.e maybe i get trapped and it gaps down 1/2 point or so, ill take a flyer and buy if it looks like a cleanup but definitely not hanging o to it too long....
i commend you for starting a good topic for a thread, but i didnt read more than two pages to see it turned into yet ANOTHER thread of everyone bitcihng or griping about the war irrespective of what side of the fence they are on. I AM SO SICK OF THIS WAR AND HASNT STARTED YET
KUDOS
definitely a "sham" post, but funny. although if anyone was short, all day, it had to be painful... i felt some pain from my morning shorts, most had to be short, but fortunately caught onto the retail turnaround mid-day
sad when you can write a post when you find the ONE IB rep whos nice. LOL. my experience when i was with them is i am sure they got tons of idiotic calls, when they dont try and cater to the novice crowd, so they treat everyone that calls lie an idiot until they realize otherwise...but its...
good to see you working at improving, sorry if i had the wrong impression of you, thought you were on of the guys that comes on the thread and just bashes the strategy vs. trying to improve; i hate weeding through those whiney posts when i, like you, come on here looking to pick something up. my...
yeah dude, i could still be playing golf right now if i had just bought in 91, held, sold beginning of 2000, then putting a short on and leaving it, maybe covering last october and back in the chair now after 12 years. sweeet!
i think today has been at least better than average for the last few weeks...i had a pair from yestereday came back in and made a 1/2 point off that, fell for the suckes rally for a small loss but fortunately got a nice short off on the way back down....now i will prob. fall asleep in this dead...
i have been falling asleep in my chair just to wake up and see my stocks, 50$ and more, still in a 10 cent range...and the specialist will eat you alive if you try and scalp these little ranges...
is anybody finding anything that working? i have been using pairs again with some success...
i dont trade IBM so i dont know how it behaves, but i was speaking of issues more a long the lines of a GE where a 20k print is commonplace, and nothing to these highly liquid stocks.... 20 new traders would be like one 20k print, and thats pushing it b/c i highly doubt many new bright traders...
so dont trade OO's
and i disagree with your first point, 20 traders at say 1k each, 20k shares would make no difference on a stock like IBM that trades millions of shares, esp when it gaps it takes bigger volume to gap it in the first place, but 2-4 are valid
there is no formal proposed rule change yet, which is why this is the best time to head it off and take the wind from their sails. in my experience "proposed rule chages" almost always become law, so i dont want to even see it get that far. remember they are regulators and they get PAID to...
Harry, you are so french its not even funny! you are just the type of person i DONT want on my thread. its easy to take the cynics view, its easy to list all the reasons why the deck is stacked against you, because you are mostly right...but what is not easy for people to do is to do something...
here you can track the proposed rule changes for short selling, and any future actions
http://www.sec.gov/
off the sec home page to contact the SEC and bitch
http://www.sec.gov/contact.shtml
find your rep and write or call him
http://www.house.gov/writerep/
find your senator and...
Are you sick of the SEC in all their "infinite" wisdom ruining our markets, me too. This new movement to regulate short selling STINKS of politics and undoubtedly can hurt our markets, our profession and for many of us our livelihood. This link for this article was recently posted on RT...
COMPLETE BS...
"Under current rules, traders can take out "naked" short positions over an unlimited number of shares, putting huge downward pressure on an illiquid stock."
1) just b/c a smaller illiquid can go down quicker isnt an advantage b/c we all know you can burned just as bad on the...
just a couple observations
1) it seems lie your all over the place and doing everything from tech analysis to tape and specialists reading. although you can be profitable form any one, a lot of these styles dont mix very well, i.e if you are reading the specialist and using stops, thats...