Search results

CVS -$111 RLX gapped up on some good news and CVS opened down 50c, should be a good trade but this stock is too thick to make any real progress. Got filled at $29.65 at 9:38. Went as high as 80c , before 10000 offer came in at 74c, 50c print and 89000 offer came in at 50c. Got out at 45c. The...

work. He was an institution trader before. Thanks Dee Man.

Does fair value really matter? Having a formula in hand is nice, but from a trader’s perspective, what is important is when and where buy and sell programs may be triggered, moving the market one way or the other. Using a purely hypothetical example, if fair value is 8.50, the buy program...

Many novice traders may not be aware, but there is always at least one or two sectors of the market that is showing strength on any individual day. This is true even on days when the Dow is down several hundred points. This occurs due to the constant shift of institutional money from one sector...

This is the greatest threat to an early speculator. The world wants to lead you into a direction taken at face value. Until you pull back that curtain, you will never see the true reality of the path that they lead you down. For example, let’s assume a trader on the message board is screaming...

9:30-10 "The Opening Period" - subject of a lengthy book to discuss properly. Also known as "Amateur Hour" (due to preponderance of market orders from public being filled to the best advantage of Market Makers) 10-10:30 "Reversal Hour" - the pros generally try bring the market in, one way or...

I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a...

One final note on openings - when an institution is buying or selling a stock the trader does not give the whole order to the Specialist on the opening. If I had to sell 300,000 shares of ANN, I would only give 25,000 - 50,000 shares depending on how big the opening print was going to be, just...

II. The Specialist What is the Specialist's motivation? Most of us see the Specialist as some evil guy who's sitting on a 10,000 share sell order, just waiting for us to buy a few hundred shares so he can fill us and immediately knock the stock down half a point. While it can feel like that...

There is a poster here whose signature reads "Trade what you see, not what you think." That is my favorite quote. Did you ever see a perfect setup - the market is up, the sector is up, the tick is positive and even a ray of sunlight is shining on your enter key to transmit your buy order, only...

I. Think Like an Institution Like everything else in life, we tend to see things in our own image, and we try to explain things by using our own motivations. Trading as if everyone out there was a daytrader can be a costly mistake. If the market is an ocean, being tiny little fish, we are...

Originally posted by DeeMan Let's assume this happens for the rest of the week. I've now sold 100,000 shares and the stock is down $1.25. This is why a discount bid right off the bat is a more attractive proposition. But, there's nothing I can do about that, so at a certain point I have to...

typo

I am going to call this my home. I really like it here, you get free breakfast every morning. Sometimes muffins, sometimes donuts, croissants, danishes, fruits, all the coffee and tea you can drink. The best part, you have complete freedom here. You don't have to answer to anyone, and nobody...

Extinction level event I cannot explain it !!!!!!!!!!!!!! I knew today was going to be a &*(^up day. Triple witching, don't the witches come on Saturday, let me have some peace and quiet to trade on Friday for crying out loud!!! COH -$51 Stock opened down 90c, at $35.80. RLX was flying. I...

Hitman, Well, what a good post. I am glad I am not the only one grappling with this issue. I am really scratching my head with the situation, as they have basically regressed back to the first monthe they were trading. I don't really know why. Maybe the prospect of making real money with...

That is a good point, but I think he shorted it at the mid 18's when the stock was not down too much yet, maybe you can get a short off then. I don't know.

Candle understood me. lol Just came back from the movie. Vanilla Sky is awesome. Just be warned, don't read any reviews and listen to your friends, just go and watch it. It will blow your mind!!! damm Penelope Cruz is cute!! :p

other people's money. It is all mine. :p

Came back at 3p.m. Didn't do much lost $16 in NOK. Ended the day up $130. Nothing great. Have to keep my stops tighter tomorrow.