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BAC???? If you're reading the L2 that's possibly the worst stock in existence. too thick in the book. Trade stocks that just reported earnings that have big order flow and/or have done big premarket volume. For those stocks, reading the tape is possible. Big thick stocks without a lot...

Obviously. And btw now as I read the thread I see others answering don't understand how to read the Level 2. I make money from the Level 2 very consistently... but your concern over seeing a lot of red shows me that you don't really understand how to read it. your position sizing is...

Let me say first off I didn't read the other responses in this thread carefully so this may already have been covered. If so, apologies. Some random thoughts... I'll try to follow up if you respond OP: 1. Why were you trading this stock in the first place on that day? 2. What was the...

Well Jesus and Piker... I didn't keep great records for part of my career, but the numbers you give her are actually not that far from reality... also with a lot of withdrawals and now a lot of expenses for salaries / office space. So... yeah... like I said with small accounts pretty amazing...

Piker, it's largely a question of size. could i generate these returns with a $100M account? no. $50M? doubtful. so what it boils down to is pulling funds out of the account to keep it small enough... with a very small (<$5M) account you have opportunities denied to big investors like...

I have an account that bought DIA in August and October of 2002, held most of it to mid 2008 and added in March 2009. How is that myopic? Also, just because failed traders like you don't believe it's possible, why should I not have a short term focus when I can return well more than 100%...

Hi Piker, Just thought I'd drop you a little note and see how that levered long portfolio is doing. Also, when you get really excited and flip levered short, please let us know... I'm guessing that day will be a great buy signal in the market! I know you think I'm an idiot, but I've been...

piker, once again... i have clarified this point several times for you... i do not manage anyone else's money. all my trading capital is my own... and it started with an amount less than $50K. Today I support a small trading operation in lower Manhattan. All my money, all my trading...

piker, while i applaud your honesty in sharing your results, i hope you realize this performance is unacceptable... a 15% portfolio loss at the end of the first month of the year... ouch. and this is exactly the kind of environment your levered products are going to cost you more in... if...

Where is the weekly Piker update? Very interested in seeing those lines on your chart that look like about twice the S&P's move... :)

See Jack, this is what people are talking about. You have taken something that is crystal clear and very simple and made it complicated and obtuse. For what it's worth, this setup works much more than 1 out of 4 times as you claim. My win is well over 90% with this play over a very large...

Hey guys, no offense, but I don't see how this is relevant to this thread. In the absence of a significant amount of quantitative data on events like this, it's really impossible to backtest something like this... which is really kind of old fashioned stockpicking. like i said, don't mean to...

ok this sounds like a good idea. i'll try to put some thoughts up wednesday night.

thank you

well i did post a simple level 2 play that works day after day and makes me a lot of money... only clear level 2 play i've ever seen on a trading board so maybe you're right lol. this actually happened before in this thread -- good posts were deleted that shouldnt have been... and this is...

does anyone else reading this thread have that post maybe in a browser cache?

I did suggest closing the thread in that post... and I also posted a clean and simple daytrade play. it would be nice to have that post restored. I understand moderating is a thankless job and it takes time for no return... but whoever is doing it needs to do it well. There was absolutely...

[b] TO THE MODERATOR: [/b} What the F???? I wrote a pretty long post that has been deleted from this thread. Why was it deleted? Please restore it, it was kinda important. Unacceptable.

i just received this PM from sisboom: >You want to go on the attack too that's fine by me, it's not the way to restore order to your thread but you must be as stupid as Oraclewizard.. I gave you both a diplomatic way to end this but if you want to be smart arses then only the thread and those...

i already asked him to quit too. i dont really know what his point is... jack is quiet in this thread... there was minimal discussion of his methodology... i just dont get the point. i guess the mods delete his posts so just ignore. he's probably someone that lost money trading jack's stuff...