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I believe it involves finding stocks that trade high volumes in tight channels and involved you trying to pin the market (100k up bid /offer) and absorbing the pressure, hoping it will turn around and run into your over side of teh market.. Even if you happen to trade it flat, you and the...

I traded the opens alot very successfully starting in January (when I was first introduced to the strategy) up until the end of the main IRAQI war. There was a lot of volatility and the S&P's almost always tested the previous days close b/4 9:45... I did this though ONLY when they were...

I am not ripping on HAggerty, (I know nothing of his methods or success yet) but I get a kick out of him "preaching Fidelity CM like it is some big deal.." Fidelity CM is a sell-side branch (as opposed to the research and position taking buy side) and the head traders dont position trade/ nor...

gordon, check you PM whern you have a chance. thanks.. I am a new trader and about to learn a strategy similar to yours it sounds like.. I had a few questions if you dont mind..

try this for roomates, etc... www.craigslist.org I have no idea how much it costs, but top regions of the upper east side (bordering on harlem) supposedly is relatively safer these days, and is still cheap (I think..) You will still proabably need a roomate.. Plus it is a straigh commute...

Many already do, and have been for awhile..

here is some brief advice: 1. Ignore the negative posters here.. What you did was a little annoying (posting in every thread) but it was a newbie mistake... Dont apologize for your background, many here are bitter towards Ivy leagers and love to boast that they make shitty traders...

HEre is the problem with Stochastics: as stated earlier in the thread they are only accurate in a sideways market, where the market is bouncing back and forth in a range.. If a strong up/down trend exists, they will read overbought/oversold continoulsy and give bad signals... But that is...

Pot, meet Mr. kettle..... no offense Melz, but simply posting results with no insight or explanation isnt very insightful either..

I reviewed his e-mini course and have found a different result.. from a risk/reward perspective including a reasonable stop loss (lets say 1 1/2-2 points) you need to shoot for 3-4 points per trade for it to make sense. correct? I could be wrong... If you are always selling/covering into the...

I have been trading stocks rather unsucessfully for the last 4 months. I tried NASDAQ and listed and have recently switched to futures e-mini using the Don Miller method... I have been paper trading (for what it is worth) for the last 1 1/2 weeks and only had 2 down days (small losses) and...

possibly, but repeated offenses will stiffen penalties, and bring on further legal repurcussions and new exchange rules (ie order handling rules) over time.. What you say is true in the short term, but a further crackdown will ensue if the traders treat it like a slap on the wrist..

Anyone find it funny that these guys get busted relativly soon after ECN's gain in popularity and decimalization hits their wallets....? IT IS PURELY GREED.. The boys down at LaBranche/Fleet/Etc. have had gotten used to the huge money of the past, and have a lifestyle to maintain.. These...

use a stop farther beyond the resistance/support level that you normally use. On listed stocks, the SPecialist WILL ON PURPOSE trigger the stops (many are in the same region) and make $$ when he swings the market back... It sucks, but if you know this, you can almost see him doing it and can...

WALTER, SO FAR I AM DOING PRETTY WELL FOLLOWING YOUR METHODS.. PLEASE KEEP UP THE ARTICULATE POSTS ON YOUR TRADING! THANKS IN ADVANCE! :confused:

Here is a avenue which might work: find a firm that you pay a desk fee (a fee to cover software, misc. fees) per month and simply place small infrequent trades from your house (be a remote trader) when you feel fit. Many firms will even be accomadting to your cause... remote fees will be...

as opposed to the bad habit of going long during a rally, and buying at the top??? Plus, bullets cost extra, so I am surprised the firm wasnt encouraging the usage..

that works! Toss darts at a board all day, and party your ass off.. my kind of firm

As far as college course take computer science, and programming.. This way if you change your mind about daytrading or fail at it, you have a good set of skills for a trading job on the buyside or in program trading. MOst of what you need to be a good day trader is from the earlier...

UNfortunatley, NASDAQ marketmaking went downhill once supersoes came into play. Most of it is computerised and decimalization has run many marketmaking firms out of buisiness. (I have been a victim of this.) NDB capital markets, Spear leads, Herzog all were closed, or merged into a larger firm...