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I didn't post the stock because it doesn't work with him anymore. They changed the specialist soon after the specialist complained about the trader. (How often do you hear about that?--usually it is the other way around) For everyone's amusement it was IBM. rtharp

That was my intention was a continuation of the old thread. It was mightly long but proved interesting. I was heavily long PTA today and it went up about .80 or so on a huge down day. I'm still playing it tomorrow and next few days as a swing but you can see me also daytrade it during...

My comments are inside the quotes. There was another post about it being unreliable. Well that depends on the sever it's on. Virtual Trader/Frontend is licensed out to different brokers. My firm has had different updates added to it. It is also on our servers, most firms don't...

http://elitetrader.com/vb/showthread.php?threadid=881 Great New Pattern Part 2 The link for original thread is above. The thread had over 100 replies and is currently closed for new posts. Pretorian2 PTA looks like your typical setup you posted earlier. If it breaks that base bound...

MJT I missed this post but I'll respond now. Yes the specialist is the same guy or girl day after day. It is even possible to tell when his clerk is handling the orders because he went to lunch. I know a few traders who take advantage of the clerk because he has no idea what is going on...

There is another platform you guys aren't mentioning. How about Virtual Trader/Frontend? The Charts are compariable to Redi. (For what I do they are perfect but others said could be better) but everything else is top notch. rtharp

They are also filled at the bid. As I've been there a few times. Just depends on where the specialist wants the stock to go. Today was rather nice. I was trading KKD again because of the huge volume increase. I was long at 74.45 today. I don't have ticket charges because of how...

It usually takes 3 days to clear a trade. Best of luck trying to get this solved. Rtharp

no kidding just really dangerous.

SWOOP The posts above have caught my attention Def saw it and so did others. You are trading with unlimited risk when you don't have a stop in place. 10,000 held for a few days thinking it will come back is nuts. There are a lot of stocks that never recover when they get...

Each day does increase the odds. But an easier way of looking at this is to bring it out of context. With each game the Lakers win what is the probability that they will lose the next game? Take a look at the odds now in Vegas for betting that the Lakers will lose the next game...

Ken much better post than your others. Can we please move on from this now? rtharp

Hi thanks for the post. Been working on my outline tonight of what I'm going to speak on. I belong to Toastmasters and take a lot of pride in what I do. Looking at my Intro asking a few questions to the audience about their knowledge/background so I know what level everyone is at...

I'll add something to. Ok so you took a 30 point loss with the above situation. The additional thing to think about is options provide a huge amount of leverage. So a 30 point loss is magintude by 100 times. That hurts. The other thing is if a stock drops 30 points volatility...

This is one of the reasons capital preservation is so important. If the odds are in your favor by having "the edge" or in my case quite a few edges as long as you can continue to play the game you will come out ahead. This can't be overstressed. First do you have a positive expectancy...

I hate to put this back on the top list of discussions but wanted to add. It's pretty bad (because PC quote constantly goes down as I've heard from others) I thought I'd talk about my short today. I shorted P at 66.79 I woke up and market indexes in premarket all red. Then...

High volume and the direction should not usually be ignored. If the stock reverses direction but the volume is super low, it is probably some profit taking, and a few short term shorters (like me) stepping in. After a few days in the trend if for real the stock should pick up volume and...

Our buddy is right concentrate on trading. Yes there is a lot of lawsuit protection for me. My corporation can still be sued but they way I've got it structured it isn't that easy. Become a profitable trader first, than work on keeping more of what you have. rtharp

I'll give you a clue. Where does Nevada get the majority of it's money from? That's why the reduction in taxes. It has a huge source of income constantly. My corporation pays no taxes to the state as it is a seperate unit from me. Other states charge corporations taxes. I...

War Eagle Let's see if this will explain it. The majority of options that trade. --Most options that trade (liquid options) are out of the money. Deep in the money options are very illiquid and hardly ever trade. The huge majority of volume is out of the money options. As a stock moves...