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Joeboy, Supply and demand is viewed in realtime through the bid and ask size (on Nasdaq Level II or NY Open Book with a 10 sec delay). However, realize that MMs and other professional traders can easily manipulate the book to make it appear like there is buying or selling demand. For...

4000 shares a month for 6 mos does not sound like a trader to me. Sounds like an active investor using a retail firm. If you are trading 1000 shares of IBM, wouldn't you know how much volume a typical professional trader does in a month and what the rate would be? Why lie about it? You must...

If there is no more price improvement I doubt there is any need to go through the specialist. I would post to ARCA or INCA where execution and cancels are much faster. It will make the game just like trading Nasdaq. Lots of people posting and canceling size to manipulate the perception of...

Indahook, I think it depends where you are in life, financially and personally. If you are looking to support a family, taking this job will offer stability. It sounds like it is a well paying position so I look at it as an excellent way of building up your trading capital. Suppose you take...

Vancouver, BC here. I'm with Bright in Langley right now. Been there for 4mos in training. Trading NYSE stocks using REDI. DNAJ65000

The US policy makers are hypocrites so of course a preemptive strike on the USA constitutes "terrorism" and in no way could be compared to the brilliant logic behind Hiroshima. Didn't you know, it's the USA way or the highway! Sheesh, the whole world should know that by now. DNAJ65000

From a spread trader's perspective, APA looks like it's a good short too. It's on a downward channel and looks to continue it's way down. DNAJ65000

Good posts. Keep them coming. How many stocks in your stock universe are NYSE and how many are Nasdaq? Do you notice differences in how they trade? I switched from trading almost exclusively Nasdaq to exclusively NYSE and I find that NYSE seems to trend with less tree shaking from MMs due...

for a while, they traded futures and/or options on weather and climate patterns. It was mainly used as a hedge for farmers in agricultural states. The strike price was based on the annual temperture of the area and if it would be above or below that temperture for the growing season. However...

University Student General BA in Econ, Comm, Psyc, Geog

Very interesting topic. I have to say that although you make quite a division on background to current money management and trading success, it might hold some truth in it. No one likes to be on the wrong side of the fence, but I value the correlation that you're implying. I started trading...

Yes, good definition but "Prop" in a trading context is short for proprietary firm. A prop firm is a daytrading company that supplies you with the firm's money for you to trade with. Some ask for a deposit of $10000 or $25000 to cushion them from risk of you losing money. For that margin that...

not to mention that lowering interest rates goes against his strong dollar policy.

I started in Oct 1997 when I was 18 years old. I bought 23 shares of GPS with my TD Waterhouse account. I liked their clothing and their commercials on TV. Every time I was in the Gap, it was busy and it looked like a good business; so I decided to buy their stock. I had to phone it in the...

After reading the thread so far, I thought of something that sounds illegal (although I haven't taken the series 7). In a time when the stock ISN'T freefalling but simply ticking down slowly, is it possible to do this: 1) load a market short sell of 600 shares into your order entry window...

Yes, my trading pattern (on average) for the past month has been up for the morning. Some days, I keep slowly building it up during the day scalping the SPY for 10-15 cents. However, the past week (and it's still going on) the afternoon has taken away all my gains from the morning. Someone...

I've been getting out between .20-.30 which translates to $160-$240 on 800 shares. Most of the time that I stop out from capitulating and unfortunately, I get out within 5 cents of the top/bottom. If I held it, it usually retraces about .10. Last week I was doing well fading the SPY, but...

Let me ask you guys, when you're already up for the day do you gamble big knowing you got a cushion or do you get really cautious and risk adverse? Lately, when my P/L is showing green, I swing for the fences trading the SPY. Some days I hit the home run, but for the last week, I strike out...

I totally agree with opm8 on his point to add an additional -30% to losses and to take 30% away from winners. So if by paper trading, you made a successful $3.00 swing trade, mark it down as only making $2.10. This way you won't be shocked when you trade for real and the emotions come in that...

Hi there, I'm looking for a used copy of a 2001 or later edition of STC Series 7 exam books plus practice exams/CD ROM. If anyone is selling, please PM me. Although I live in Canada, I have a US address to send the books to, plus I will pay for shipping. Please let me know what...