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There´s no substitude for real market experience. You can read every book on trading, get 100 degress from the best schools and still be one of the 9 guys who failed {out of ten}. I consider myself to be new to the markets... Every day I learn new things and I learn how little I knew the...

bingo.

Does anyone know a site where I can download end of day market data directly into a spread sheet... I´ve been using excell to calculate next day pivot points, but since I need pivot points for the whole nasdaq 100 index I could use a site to download the day´s open high low close for the...

they pay rebates on NYSE traded ETF´s. -

On 10,000 shares is $25 rebate, $27 charge... or something around there... Rebate traders usually go for stocks like JDSU, SUNW or SIRI that move huge volumes and are worth very little per share... but be carefull with this markets, start small, if you throw ten k shares at them they´ll eat...

There used to be rebates in LU until last year. You used to get a small rebate on island for removing liquidity... but as far as I know that´s gone. Now a days you can only make rebates on the NYSE by trading ETF´s, such as EWJ...

If impulse trading is a boat... it´s called titanic... I´ve been there several times, before I realize it Im trading with my gut... I do 200-300 trades in one day and end up in the red, for me that´s a no no... what I do is that I put myself back in simulator until Im profitable again{at...

That´s a good idea, getting to know a single market, it´s average pull back, average trend... the way it usually oscilates... would be much more helpfull than going around and trying to find one that just works for you.

There aren´t many books outthere aimed to institutional traders... most of the stuff you´ll find is aimed for retail traders... You could read some trading psychology books, like the logical trader or trading in the zone. There´s also a few biografical books, like Market Wizards and the day...

Thanks for the replies. I also find level two trading to be deceptive at the least. I started my trading using nothing but level two, but at one point I was unable to put in logical terms what I looked for in the screen and after that I was unable to do it anymore... I´m usually able to...

Do you guys think is possible to make an edge based purely on level 2 quotes? I usually use lvl 2 just for fine tunning my entry once I already made a decision, but I ´ve got some friends who claim that you can build an edge purely on lvl2... so I wanned to do some research about it and what...

Good thinking. "Luck favors the bold" Alexander the Great.

swift has access to pipeline.

Whenever I trade futures I use limit orders, and they get filled acording to queue on my system... If Im #20 on the line, then I expect the 20th contract to be mine. I think ES/NQ/YM futures are way to volatile to trade em for 1 tick profit. Every once in a while it would move too fast and...

Still, the question remains pointless as you can make an equal amount of money by trading 100 shares of HANS or GOOG, than trading 50,000 shares of CMGI... On the one hand you´re getting several points with a small package, on the other you´re getting one or two cents with a huge package... If...

If you trade futures you might do a single trade... round trip 2 contracts, and make $200 that´s $100 per share... and that´s why cps is irrelevant. If you´re trading in 50,000 share blocks at JDSU you might make the same money as some one trading 2000 share blocks at XOM.

using a good stop loss strategy is also really helpfull for taking out stress from your trading... it leaves less stuff to your emotions and more to your logic.

Alright bro, how bout this? If you´re going to profit 6 ticks, dont lose more than two. If you´re going to lose 14-16 ticks dont win less than 45 ticks. Don´t wait for your system to tell you when to exit, you exit when your stoploss gets hit... no sooner no later. By doing this you´ll...

Yeah, that was a paradox that hit me on the face when I was doing rebate trading... If I was going to take winners at 0 cents profit, taking losers even at 1 cent loss meant havin an iasintotic risk/reward ratio... Before I learned this, I used to make up to 6k per month on rebate trading...

At least 95%...