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Why the initial big downtick just before the rally? :D

Larry Harris' about Zero Sum game is a old one but nevertheless gives the concept: http://www.turtletrader.com/pdfs/zerosum.pdf People may find Andrew Lo's papers interesting: http://web.mit.edu/alo/www/articles.html

37 was a wonderful buy level for WLP. Got two good trades..

Great stuff, your threads have become a reason for me to log in ET early in day :)

Talking about price action, my firsts would be "Mind Over Markets" and "Trading and Exchanges: Market Microstructure for Practitioners". The latter one particularly helped me understanding tape reading.

nice stuff erik!

1. Independence, flexibility and always challenging 2. running, poetry, music 3. Yes, could not make a buck anywhere else :D

my 'plan' or 'system' was caught against the straight fall. I had a real big loss in ESI, and lost much of profits back in SYK. Now am flat for this week, and too much pissed to place another trade for the day. Worst week for me in the past six months; there were awful execution issues too.

I second.

LOL, 80% posts on a big public forum are nothing more than redundant chitchat. I understand all such posts can't be moved to this section. Kudos to the admin guys on moving the threads at least to the proper section.

Perhaps Ramalinga Raju is lying again... http://www.livemint.com/2009/01/07202743/Perhaps-Ramalinga-Raju-is-lyin.html?h=A1

1. Check through indicator/pattern how momentum in a time frame interacts with the mean-reversion in the next higher time frame 2. If your'e into tape reading, nice volume patters at transitory reversal points.

Copy-pasting a email forward :D

Jan-Feb were pretty tough. October turned out to be legendary. I made in one day what I usually make in a good month. Even after weird P/L fluctuations the year was fun... guess means little since it was only my second year with trading as primary source of income.

there isn't open auction on nasdaq stocks. I need to talk how I choose a postion: 1. A stock is at a imp level. (suppose it goes to a imp resistance with yesterday's up day, but today the futures indicate a weak open, so i'll consider it lucky to get a short near that level.) 2. The market...

Placed 5 orders, got filled(long) in GM and BIIB both big winners PS: I take the open prints only on days when futures/particular stock indicate a clear direction after open.

I find Hold Brothers just OK... good chunk of my PnL comes from premarket trading 8-9est.

I have a hotkey mapped that sends offer(bid) 5 cent better. During times of lagged quotes, I just try getting fills by sending limit orders 5-50 cent better than the market. Seldom when arca does not work try it with inet. In any case don't use market orders, or route to NYS... they really...

LOL... I use the same... they are pathetic about it... use limit orders only and route only using ARCA during the first and last 20 minutes... thats the best thing I found.

got DRYS and MOS, both big winners :)