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The software itself is pretty good, but if it runs off a Hyperfeed data feed, run away as fast as you can. Don't know what it's like elsewhere, but the problems with the Sterling data at Echotrade are beyond horrendous.

It's different for everyone and depends on your style of trading. If you are a scalper doing 2 million shares a month, that 2/10th's of a cent you save on commish adds 50 grand to your bottom line at the end of the year. If you are a more methodical trader who takes a dozen trades a week, then...

As I recall, most of them made their money during the golden age of commodities, when inflation was really high in the '70's and technical analysis wasn't widely used. I think that there is much less in the way of market inefficiencies to exploit nowadays.

Prop or professional, an account where I put up $10-25K and get a few million dollars of buying power. Cheap commission rates, bullets, good software, 100% of wins and losses are mine. Some prop deals involve no capital up front, a profit split and not respnsible for losses. Those deals...

A proprietary stock account for opening orders, breaking news plays and general trend following day trading (don't have to commit too much capital for a prop acct) A second proprietary stock account for longer term spreads, options positions and swing trades A third proprietary stock...

I make 80% of my money playing opening gaps during the first 30 minutes of the day.

I trade from home with a 3 and 5 year old and a stay at home wife. My office is in the basement, seperate from the rest of the house. The whole family knows that when dad's working, he cannot be disturbed. Sometimes my kids will come to show me a picture they've drawn or something, and I look...

Look at Gary B. Smith from Realmoney.com. I learned how to read charts and apply proper money management to trading from him. Two years later, it's still the foundation for how I approach the markets. He's humble, has straight forward strategies and can relate ideas well (he's been a...

It depends on your risk tolerance. There is nothing wrong with news stocks for opening plays, they can provide your biggest winners, but also your biggest losers. And when you are wrong, you are usually wrong big, with mega slippage on the exit. Ever been down a buck in one print? Ever had...

I haven't carried overnights much at all in almost two years, but I'm short this weekend. SPY, PHM, KBH, EK, FNM, QQQ april puts. Not real big size, but if this rally does rollover and fail, I think October lows are gone. Look at the QQQ trendline from the December high through the January...

By TSC Staff 3/13/2003 9:16 AM EST Click here for more stories by TSC Staff Warburg bullish on KSS 8:12 AM EST Kohl's could top full-year estimates, according to UBS Warburg. Recent meeting with management suggested that new California stores are performing ahead of plan. Buy rating...

I'm not an economist and I can't make an educated guess on where the economy is headed. Stocks however do not necessarily mirror the economy and can go wherever supply and demand take them. I agree, the US is not Japan and the cultural mindset is different enough that I doubt things would ever...

You know, you could do a lot worse than reading the work of Todd Harrison and Bill Flekenstien. They've been swimming against the stream all along and have been dead right. And the future that they are forcasting for stock prices is very bleak compared to current levels.

But almost every economist you read or hear still maintains that there won't be a double dip recession. Up until a couple weeks ago, it was generally considered hearsay by the public press to bet on the October lows being violated. So all that optimism makes you wonder what happens when they...

Company profits? Reasonable? Realistic? Remember that as a trader, you aren't so much trading the news as you are people's reaction to the news. Perception is reality. And you're right, human nature doesn't chage, which is why trading will always be around as a profession. Although...

There is so much pent up trading energy out there. When the catalyst arrives to break the market out one way or the other, we should get a period like last July and October when you could trade your face off and make the big dough. The key of course is knowing when that period is over and...

I don't know anything about point and figure charting, but I am going to look into it based on the recommendation of Todd Harrison. Can anyone comment on the work of Thomas Dorsey or his site www.dorseywright.com?

How do you usually execute etf short trades? Do you send a limit under the bid? What markets? Ever try to nx the nyse posted bid? I am not with Echo anymore, but I'd be interested to know if you can hit 'sell short' at the nyse bid price and get a true nx fill. Also are you using EchoPro...

There are no laws barring canadians from opening accounts with us brokers. However, because of the near monopoly of the Canadian brokerage industry, they have succesfully pressured most US firms into not accepting Canadians on the basis that the firms have to be registerd with the provincial...

When you go to bat and get walked, does it affect your batting average? NO. I don't count scratch trades in my stats, but I do track them seperately.