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hey bro. welcome to the markets. The trainin program at most firms is close to none existin... why? simple, if you have to learn mostly on your own then you create your own personalized style of trading, there fore diversifing their risk. Is a simple equation. If you teach all your traders how...

Im a rebate trader... perhaps that's why I like stuff with plenty of volume in it... JDSU, SUNW, and that sort... However the advange I see to stocks with higher volume to a newby is that they have better liquidity, allowing to enter/exit constantly, and most times they're stocks that wont open...

Totally agree, you cant learn how to trade on some boring azz stock that wont move at least a few million shares per day...

a couple of tips. You wont find a holy grail of trading in any particular book. There are many good books out there, and many not so good ones on the subject. Take what fits you and discard the rest. [I personally like Daytrader's bible by richard wyckoff... as it deals with the...

I think that a good approach to the issue is to foresee where one's trend will encounter resistance and take partiall profits in such areas... but always leave a stake in... in case the trend resumes, as usually a trend wont do its most profitable moves before it has encountered at least a...

that's huge alright... I've never been a friend of jdsu... do you guys profit solelly of rebates, or do you try to adquire gross on a regular basis? Me, Im off the rebate game for some time, I started to learn how to trade on fast moving stuff, DIA to be more specific...

what size blocks are they trading?

I guess that would be any comission that's fixed [aka not depending on the size of the lot] and below $1... + SEC fees...

hmm... the problem I see with this approac, is that most stocks go on a sideways movement before continuing the up trend [or reversing into an downtrend] so by taking a\out all of your stake because it's not going up fast enough, you could be missing a considerable move up... I say take some...

500,000 - 1,000,000 or more...

not really a worse price. If stock xxxx is at 1.98 bid 1.99 ask... you buy at 1.98 through island... and then exit at 1.98 trough attain... you just made your self around 0.47 cents. do it 3 times and you've gotten a bigger profit than buying at 1.98 and selling at 1.99 once. 0.0015 per...

That would probably depend more on the regulations at the country where the company is going to operate. espeially the regulations regarding who can manage third party funds, and such. You probably need to be recognized by the country as a finantial entity, and b regulated under the rules of the...

Great, fresh meat... :D I hope they bring a lot of money...

well at nasdaq.com you can see a list of daily market participants, where all the market makers involved in a stock are listed... The problem is that they might only deal the stock in 100 share blocks, to stay ou of it, one day and then decide to buy 1 million shares... only showing 100 at...

you have to use limit orders to participate of rebates... if you use market orders you cant add liquidity, now can you?

naa man, you can place your limit order at the price you like and wait till it gets to you, when it does [if it does] you added liquidity at that price. The thing is that if it doesnt get filled you dont get nothing. And if the price just drops 50 cents right through you, well you get your...

Actually they had some debate about it at the SEC, [look up proposal s71004 for details], and it when on for severl months until there was a resolution about it last june. Basically the SEC determined that rebates didnt create a distortion as significant as the distortion that would come from...

I think is mostly prop firms that let you get rebates properlly. RML Swift Mytrack Mastertrader just to name a few.

Of ourse we use attain ecn. The problem is that they also charge the highest comission for removing liquidity, around 0.5 so it's usually the last one to get hit... that is unless there's noone adding liquidity at attain, then you can use it to cross the market, and it gets it quite fast...

well, the way rebates work is that ecn's pay a commision per share for adding liquidity and fees [likeclearing, se fees, etc] are fixed per operation. So you basically have fixed costs vs exponential incomes. For example, Island pays you $0.2 per 100 shares, lets asume that all expenses...