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I know people pulling in six figures a year scalping nyse stocks for pennies at a time- literally. Like any trading strategy, some will try it and fail and others will excel at it. If it worked for everyone, everyone would do it.

Do not underestimate the mental challenge of trading increased size. Going from 100 to 1000 shares of SPY in one jump, I would bet a lot that a new trader will not be able to follow their system exactly the same way. It would help if you didn't look at your p/l at all and didn't let money...

I know sometimes in nyse issues the specialist will stop trading in the stock while he gathers orders from the crowd. When he does this he'll show 1x1 size on the offer, meaning he's basically turned off automatic fills and the stock is frozen. In the meantime though, the stock can still trade...

Banning someone for attracting too much attention or not making sense seems kinda ridiculous. Personally, I don't know what all the ruckus is about since I've never read the thread in question. You see, I don't read any Jack Hershey threads. Also, anything written by people like Harry...

The trading lifestyle is conducive to all people compared to the typical corporate job. Who wouldn't take a trader's work schedule and freedom over the alternatives? The trader's learning curve though is probably better suited to singles. Long hours of work are one thing, but the...

From what I can remember from the series 55 test, trades executed after a certain time (I thought it was 6:00 pm) are reported on the next day's tape.

Proptr8tr, before you quit did you ever consider doing other kinds of trading besides the stereotypical daytrading of quick ins and outs in stocks, ending each day in cash? Trading is trading and the more I read and learn, the more I realize that there are just so many ways to make money in...

I've mentioned this many times when similar questions come up, but why not just go with an outfit that gives you leverage, cheap rates, and lets you keep 100% of your profits? If your system produces low drawdowns and you have enough of your own capital to handle them at leveraged sizes, why...

Do you guys read his stuff? He stated in March that the market was ready for a rally and that he had no short positions for the first time in a long time. He's been bullish on gold and very bullish on silver for some time now and has been long NEM for several months. Also long NLY and...

you can't get them in the tws?

How does it work if your acct is in US dollars? I guess each transaction is converted to C$, or do you have to set up a seperate account?

Awesome monitors. I've got two 19", bought on ebay a year ago for $580. The best warranty in the biz from what I could find. The San Diego office of Assent uses mostly Planars and I know they are happy with them.

Interesting to note that C opened on it's high today and sold off, not even a bounce as the spoos rallied to 1000. Definitely some supply there. It's the only position I have september paper in, the 42.50 puts, at .65

The recently released cot report shows a dramatic divergence of small traders vs. "the big players" in their positions in stocks. The commercials were on board for most of the recent rally, and have now scaled way back, while small speculators have continued to increase their long positions.

I started with swing trading and switched to daytrading. But now I do both in two seperate accounts, best of both worlds.

First of all, I want to say that I don't have a strong opinion which way the market will break out of it's current consolidation phase. But with the series of lower highs in the s&p, the low vix and the traditionally weak september-october timeframe approaching, it seems like a good time to...

Get rid of the damn post counter under everyone's name. That's probably the motivation for non-stop useless posts and :) 's all the time. Some people's egos are puffed up easily. (this post contains no crap)

HD

I agree. I know of one strategy traded by some friends (and me too occasionally) that has a goal of 1 cent per share gross per day. It's a high volume scalping style, and is designed to take advantage of ultra-low commissions. The low commissions are an edge, and at a penny a share you could...

Sent opg short orders for all the electric utilities, 8 fills, 7 wins, avg 30 cents each. Still trading, but light. Will be starting the weekend early.