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Greg.. so basically what you are saying is.. "Its not the size of your account that matters, its how you wiggle your mouse"? =) -qwik

for anyone that may have missed this.. INTC and CSCO are both being added to the supersoes pilot on monday.. here is the link if it interests you.. http://www.nasdaqtrader.com/Trader/News/2001/headtraderalerts/hta2001-113.stm good trading -qwik

As someone who started trading with just 8,000 dollars, i am very disappointed that the SEC approved this new rule. While this rule wont affect me now, i was thinking about what i would do if my account were under the 25k limit. Three choices seem obvious. Borrow the needed money from...

If your broker offers a direct connection to island or selectnet then you can.. If you use ameritrade or some other online broker, you are out of luck =).. -qwik

jsmith you should definitly stop out afterhours if your stop price is hit.. no exceptions.. on days like today and yesterday when we have major earnings after the close it is very dangerous to hold overnighters anyway.. always protect your account with a stop.. and dont allow the one...

zentrader =) what you just described is a 5 minuite high/low break.. or a 30 minuite high/low break.. Oliver Velez teaches that in his book "The Master Daytrader".. its really a great setup.. -qwik

skydiver =) i dont use IB but all direct access firms have the short sale rule (uptick restriction) implemented in their software to prevent shorting on the bid on a downtick.. keep in mind that you can short on a downtick as long as you offer your short at least 1 cent above the bid.. and...

aldrums.. you are correct, soes executes against the inside quote.. it is possible though for someone to enter a soes market order when only an ecn is at the inside quote.. that order is held in que for 90 seconds for a market maker to appear at the inside quote.. if during that time, the...

traderkay =) the nazdaq is a fragmented marketplace.. there are a really quite a few reasons that you will see prints outside the inside quote.. 1.) Someone used soes or selectnet to hit a market maker outside the inside quote. 2.) Somone trading on an ECN hit a bid or ask outside...

I have read "The Master Swing Trader". In my opinion it is full of useful information. It is probably one of the best Swing books out there right now. Now, about his credentials. Its enought for me to see all of the great traders that contribute to his web site. These guys wouldnt be part...

You make an interesting point. It would be fascinating to have someone trained in psychology do a study on this subject. In my opinion, the factors you mentioned are not the real issues. I believe that there are 4 pillars of success that can be applied to any form of achievement. 1.)...

a good friend of mine uses i-scan and has it set only to pick up capitulation and euforia alerts.. he loves it and does very well trading its signals.. i personally dont use the correct data provider so i have never used it.. -qwik

Wet, 13 profitable days in a row is a great winning streak.. as far as newbie killing.. i can remember on several occasions taking trades after hours from MKXT ecn that were crossing the market with isld and pocketing the cash.. new traders hit the wrong buttons.. they tend to buy...

Alex =) There have been alot of comments from some outstanding traders already but i thought i would throw in my 2 cents worth =).. first thing to consider is what time frame are you going to trade.. you have already answered that.. 1-5 days.. second.. what type of system will you...

Wet, i agree with many of your points.. this rule will not affect me now, but it would have prevented me or at least significantly delayed my ability to become a daytrader.. i hope that when the discount brokers see their volume of trades decline, they will ask for the rule to be...

TraderMike, Perhaps I judged you unfairly. If in the weeks to come you continue to participate on this board outside the original context of this thread, then you will not hear a single complaint from me. If your purpose is simply to discuss the negative aspects of daytrading or the virtues...

Six Good Reasons to Flame this Thread Tradermike sells a newsletter which he referred to as "free" (which it is not) in his first post. When questioned, he edited his post and claimed that he had not even mentioned it. This message board is about traders sharing ideas to help and...

lol.. i can just imagine Hitman leaning back in his chair watching his 12 monitors, while simultaneously monitoring cnbc, cnnfn, bloomberg and of course his live feed from the futures pit.. not to mention his instinet terminal.. man, it must be nice to trade with a big firm =) -qwik

lol.. completely false? i assume you base this on your subjective experience as a failed daytrader? i certainly have no motive (UNLIKE SOME) for pushing my ideas.. i am a profitable intraday trader.. was it easy to achieve this? of course not.. but it can be learned.. its obvious that...

dude, you did mention it.. and then you edited your post.. and you still have an "email me at tradermike@timingwallstreet.com" plug at the bottom of your post.. i for one agree with Sniper_Trader1 and limbo.. you are shamelessly hyping your website.. trading is a business, not an...