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I would also add that as M.Douglas correctly mentioned in Wall Street "the most valuable commodity is information". And if you are a small individual trader, you almost never have an informational advantage.

Weird, b/c the price just keeps dropping and I should have easily bought much lower than where he fills me , judging by the quotes and T/S dynamics afterwards. It sure looks like he had plenty of stock to fill me at a better price. You are right though, he is in it to make money and he...

Dude, more than 500 posts and registered in Aug? Have you been getting any sleep lately??? :D LOL

What exactly are you referring to by "musical chairs" type of trading? I still make a bundle on NYSE doing what I'm doing (especially when the markets are closed and the specialist isn't screwing the system). I'm not chasing any momentum and/or breakouts. And my strategy doens't really have...

Will it? I'm not sure about that one. Can you offer some statistics? Some official study or smth? B/c having seen what I've seen (altbeit that may not be as much as some of you guys), it sure doesn't look that way. I tend to trade only in conditions where there are fast moves in large cap...

I've had that happend to me a lot with some specialists. What sucks most is that if the price keeps going in the direction that's to my favor and I know from prior experience I'm gonna eventually get a fill at the price I put in earlier :( - I can't even cancel the trade and reenter it at a...

I've had that happen a lot with some NYSE stocks (and I only trade large cap). It sucks. Feels like you are sitting on the side and the action is passing you buy. It seems to be totally specialist specific though. With other issues, the specialist seem so nice, I wonder how they make money...

Awesome post! Although I'm still a humble newbie, I have experienced a few occastions where I did the right thing only b/c I'm trading someone else's money... Unfortunately this someone else also kinda let me play with other alternative strategies and experiment... I've found out that...

Those sizes are still real aren't they? They can't renege on them if they post them, as far as I understand... Correct me if I'm wrong. By the way, a related question, how come there haven't been many really extreme large cap movers (especially on the downsize) lately. There used to be...

Thanks, Eldredge. Of course I wouldn't use market orders :D Actually, I think TradeStation only allows limit orders when the mkts are closed.

Thanks to all of you guys for your insights. I had a feeling that the uptick didn't apply but wasn't entirely sure. What you all said was exactly what I was hoping to hear :cool:

Are there any special requirements for shorting in afterhours trading? Besides the regular uptick etc. Thanks.

I've noticed that the real time news provided by TradeStation is a bit subpar. What do you recommend as a good news source? (free or reasonably priced preferred). Also hopefully smth that has an archive or previous releases. Cbsmarketwatch.com seems to be an OK portal. How comprehensive...

Thanks Metoxx.

Is that a reasonably attractive option given that one woud incur additional costs if funds were to be moved back and forth if other venues are pursued? I'm assuming the brokers are paying somewhere around 1 or 2% annualized :D

I have a related question. Supposed you are managing an account worth a sizeable amount (several mil and up) and during some period it appears that you should sit on your hands, where do you put the money in the interim? Do some of the direct access brokers pay interest on the portion of the...

Take today's rally - people were expecting to have it - there it comes after the open. Why? Just b/c it seemed like it was the "right thing" to have. Was there anything to sustain it? No. Hence, most people must have decided the market was going to head South from there and the mood shifted...

What a lovely story!!! LOL :D

Accidental buy vs. sell are still OK b/c you can reverse them. If you mistype the limit, that's a different matter :( Happened to me once, I got distracted by the stupid cell phone and didn't realize I sold smth for less than I could have :eek: Still had a nice gain, but lost about $500 or...

I think they must be doing a review of the basics before getting into more advanced stuff (it's the beginning of the semester after all). I agree on the Fabozzi choice. I'd also recommend Van Horne. Although, I think any book they are using should explain such problems. If shooter spent...