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I would think it's pretty dangerous to let open losses dictate your longer term view on a stock. Just my paltry .02

Thanks for the post, I checked that out too but don't really like getting charged per ticket. Any broker offering something competitive with Tradestation (1.2 cents for first 500 shares, .6 cents/share above 500) but using Realtick?

If you're consistently trading 25k - 30k shares a day, what should you be paying per share (all inclusive) using a Realtick-based broker? My broker tells me that since I use ARCA mostly (which is owned by same ppl as Realtick), his costs are higher -- does this make sense, or should I look...

Think about expanding your time frame and ratcheting up your selectivity, .03-.05 on the Q's is barely worth flipping direction for IMO, the commissions just eat you alive. It's also extremely difficult to do post-trade analysis on targets that small; the smaller the movement the bigger a...

20k shares for .10, or 4k for .50, just a matter of what feels more comfortable on the execution side. Me, I trust ECN's alot more than Superdot (perhaps its just my broker). Doing trades the size of 10% daily volume will kill you whether otc or listed. :)

Going for .05-.10 for scalps in just about any nasdaq stock will drive you mad -- not enough room for setting good risk/reward on the stops. I would definitely stick to listed if that's the target. .20 to .30 comes and goes about every 10 seconds on names like KLAC, QLGC, etc -- definitely...

I would guess it's the people trying to scalp for .20-.30 each time are the ones getting frustrated, while those that try to ride out the longer trends are doing fine. How many listed stocks can get 8-10% moves up and down in one day? Lately with all the hedge funds out there playing in...

No wonder you don't trade nasdaq. :D

Not if any of those articles on JPM come to fruition. :)

At least you are cutting your losses as quickly -- I often find that the only trades I manage to hang out to for more than 3 hours are losers :( I'm also trying to ride my winners longer, but it's a tough process to learn and takes some time, at least in my case. Remember that when you...

How bout the Nasdaq breaks fresh lows next week, while the VXN just crawls its way higher or stays sideways?

Mike, Not trying to reach any particular winning % or profit ratio; just trying to find a style that suits my mentality and minimizes my biggest weaknesses -- and perhaps maximize my total bottom line at the same time (one and the same I suppose). For example, when I'm in scalping "mode" I...

Great way to clarify things, Mike. For me I think I'm trying to apply the elements of both type #1 and type #2 at the same time, seeking a balance between the two. Am I crazy to even try? I think it's possible, provided that "discipline always triumphs over conviction" -- type 1 will be...

Besides gut instinct and intuition, I would include under the discretionary approach: reading chart formations, watching sector rotation, relative strength/weakness, bond market, currencies, end of quarter window dressing, earnings news, etc. Now if your target is 5 es points with a stop of...

I've been trading for nearly 5 years now, and I'm still trying to resolve this very same issue. For a while, I tried working 3 separate time frames at once (intraday scalping, position trades based on 15 min chart, swing trades based on daily chart), keeping them in separate categories, but...

Speaking of flipping buy/sell, wonder if the retail daytrading firms at the height of the bull market had programs running which would fade a room full of mom-and-pop traders just coming in off the street. :)

<hit post too soon> I've gone as far as removing all profit and loss counters (both open and closed) off my screen, and even trading in sizes that prevent easy calculation of what my current gain/loss is (700 shares, 1300 shares, etc). Sound silly? It seems to work for me. My current goal...

IMO, a broken winning streak is one of the greatest causes in jeopardizing one's overall success; to put it on an even smaller time frame, one good trade followed by even the smallest loss -- or even seeing a peak in open profit followed by a substantial drawdown in that unclosed position --...

I believe that "jumping the queue" refers only to the receiving end of execution: the largest size shown at the same price would get executed ahead of others at that level but with smaller shares, even if the smaller blocks were showing first; however, the person sending the order out designated...

Well put Thug Life, your comment went straight to the heart of what's gnawing my brain recently: finding oneself and a style of trading that won't be so easily shaken by every which way the market winds happen to blow. It takes lots of foresight to recognize the shifting nature of what kind of...