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Well, I guess obviously I missed what "you" were talking about. Damn, I wish you just would have said that, but I'm sure you are even getting a bigger laugh out of this now! All those precious minutes of my life wasted trying to state my point. Oh well! Alright, thanks for alerting me to...

I have taken off Phantom of the Pits after my statement. I do not want to state a person's idea if it is not what he/she is saying.

I am certainly open to new knowledge. If I am wrong in my interpretation, I will certainly admit my mistake. Please let me know my error. From your statement you seem to know what he is talking about. Who knows, maybe you are him. I am glad you have brought this to my attention. Please...

The following are direct cut and paste from http://www.webtrading.com/phantom/chapter5.htm. From my interpretation, yes, my quote is exactly what Phantom is implying. You however made the assumption that "price action" meant staring at the tape. Well, that depends on your time frame. For me...

All of them! Read the tape!

Alright, this is new info. I have seen at times that the specialist will not show my order if it narrows the inside market. However, if I understand what you said correctly, if my limit is in the market for less than 2 minutes, and he prints the offer, then 'he doesn't have an obligation to...

I was reading a thread on this site and came across someone stating that in order to have the potential for price improvement, you must have your limit order posted for at least 2 minutes. Example: NBBO 35.75 - 35.85 Say I think market is strengthening and going to rally; the .85...

This is how it works in your example. Let's say you shorted on 8/1/03. If you cover the position on 8/12/03 or 8/13/03 the price you are covering at has already been reduced the amount of the dividend, so really, you just got paid the dividend. Do you see? The price you covered at was...

i do understand his method and how he enters a trade etc using MTF, as i do the same myself, but i am wondering what he or anyone else uses for exit points. Do you use previous s/r in the next higher time frame, ma, etc or wait until price seems to deccelerate and then exit?

60 days, but wiser to just contact the institution you are going to transfer to and have them do the transfer, then you don't have to worry about the time rule.

I trade in my Roth IRA. The T + 3 questions applies to reg way settlement regardless of whether transaction takes place in margin or cash account unless it is a "for cash" transaction which would settle the same day. I'm not sure if this is what you were getting at. Maybe you were stating...

I've been to pairstrading.com and looked over the idea. ya, i have a finance degree and understand the concept (at least i think i do) of hedging, but i'm not sure what the advantage is with pairs trading. I mean, if you have a slight long or short bias why wouldn't you just position yourself...

Thank you all for the info. Yes, I don't know if I would consider holding overnight "investing" but you all most likely have more experience than I. lescor, when you say hedged, what do you mean? I know what hedging is, but are you hedged with options, or off-setting positions in stock...

Also, do coming in as a customer, do they have minimum amounts? Is 25k enough, 10k?

Do firms where you are a customer allow swing trading? Also, what kind of margin can you get? Is it still 4:1 or can you get more? I have been reading about Bright and Echo. Since they aren't getting a cut of profits, they must only make money on commisions??? Thanks to all who offer info!

Do most prop firms want their traders to be flat at the end of the day (i.e. not want swing trades)?