I would use TS only for it's backtesting and charts.
Maybe if TS lowered it's commission
And started paying more than 1% for interest,
You may consider using them as a brokerage also...
There is nothing wrong with that.
I assume you were trying to short sell by hitting the bid.
Interactive Brokers sometimes does the same thing.
I see the stock is going to drop.
I try to put a short sell for 5 cents below the bid.
The IB system will automatically put my short sell 1...
Buffet scares the public about terrorist attacks to raises the premium for insurance companies against terrorism. Then he places his bet and collects his raised premium. It's pretty smart.
It's just a brokers who upgrades a stock at the end of a long trend and dump their position.
5 million shares offering, all they needed to do was push it up 4 points and GOOG makes an extra 20 million dollars. :)
I think there was a bunch of BUY MOC orders which gapped it to close for 390.
Your reason specialists should stay is because they wouldn't have a job if the market was electronic? You are sick.
Amazon shouldn't sell books either because a lot of bookstores aren't hiring clerks because people are buying their books online.
It's too bad when new technology comes out...
I'm surprised you don't understand this concept.
If there is no trading halt. A news comes out on a securities.
If it was electronic and the price moved 1 point, a quick trader would have a chance to hit one of the orders at each level to get in or out.
If it was NYSE, the specialist...
Bitstream,
I agree with most of what you have to say.
I have friends who trade the bid and ask in areas of consolidation and get price improvements from the specialist.
I trade the stocks only when they are not in consolidations and hit the bid and ask to get in and out quickly and do not...
Close your account and move to another broker.
Sue them in Small Claims court for $3000.
Only cost around $15-30.
$3000 is better than nothing.
Good Luck!
Since when does opening orders have anything to do with being a breakout trader. The Gaps I'm referring to is when the specialist opens the spread INTRADAY and prints a big print with no trades in between. It doesn't allow the smaller traders to get in/out quickly except at the other end of...
There is no price improvement if you are a breakout trader.
You just get robbed by the specialist holding your market order and gapping the stock against you.
Using a limit order, you won't get filled if it's a good trade and when you do you get filled sometimes, you don't want it.
Looks like some of my NYSE friends will actually have to learn how to trade once this hybrid market takes effect.
This includes the specialists who only know how to rip off orders by excessively gapping the stock for the fill (and to cause panic) then bringing the price right back. This is...
You sound like a cheerleader for the stock.
Either you already got shares allocated from the IPO and are trying to pump it.
Or you plan on buying first day of IPO and trying to jack the price up on yourself.
Good Luck!
I have a signup screen when i go to the 2nd link. I think you can see the screen because you have an account and it's logged in your browser cookie. I don't want to give away my personal information and email just to see the results of a survey.
Maybe you can give us a summary of the...
I can't believe GainsKeeper charges based on how many trades it imports. And when 1 trade gets broken into 5 orders to fill, it charges it as 5 trades.
What a rip-off for active traders.
I think the party is over for Google once it's growth starts slowing. They know it's inevitable so they must dump their truckload while they can still achieve these 300+ prices.