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Nothing gets you in the tradin' mood and keeps you in tune with the market like a squawk box from the spoos pit. It really is music to my ears.

I didn't see the article, but Don has referred to that number before and I think he means win rate on trades. For opening orders, he's mentioned several times that he has about 70% winners. I can believe this since I keep very detailed stats on my own opening order trades and have consistently...

How can you plot a spread like the LEH-NEU merger in esignal 7.4? In qcharts it's (leh * .496) + 9.49 - neu, just type it into the symbol line. I can't find anything in the help file. I know something can be done in esignal's scripting language, but I was hoping it would be easier than...

Tony, could you explain why you chose NEM for your list? The fair values that you calculate are based on the S&P 500 and gold stocks are generally anti-corellated to the index. Theoretically, they should be losers most of the time if you base prices on the stock futures. What's your...

If you are a successful trader with the sheets to back it up, you should be able to find a shop that will let you trade with only $2k and give you enough buying power to make a living.

Yeah, wierd. I was long MO at .40 before the market was open. Pretty easy money there today. Trading with Hammer through Assent.

HA! Let me guess- you've tried it and got creamed, or you know people (losing traders) who have. Ya gotta know how to trade bud, sorry if that's a problem for you. Up $900 this morning, this fool's going waterskiing. Have a nice weekend.

If your plan is to trade stocks, I'd definitely go with a prop outfit, not retail. The leverage you get makes the amount of your capital pretty much insignificant, and it's possible to earn a living without much up front. Just have enough to live off of for 6-12 months and enough to withstand...

web site subscriptions: realmoney, minyanville, yahoo market tracker, briefing $55/mo esignal 140, qcharts 85 cable internet 40 tc2000 35 web based filter software 25 $380/mo

I haven't seen a pattern to seasonality, but have seen some correlation to the size of the opening gaps. During periods of heavy volatility like last july and october, we were getting several opening gaps of more than 1% and I was getting a lot of big win days ($2-4k). The last few months as...

firefighter/paramedic

If it's a live order at the specialist's post for more than 5 minutes, it's billable. They ding you for another cent a share on those, but not all firms pass it on. At Echotrade I paid it, at Assent I don't, don't know why.

Interesting style you have of managing a trading office.

I mostly only trade nyse, but it's not because I hate nasdaq. I just find the two to be very different and am used to the order handling rules and pace of new york. Things move slower on the nyse, but I'd rather have that than the feeling of trying to hit a moving target getting into a...

5:50 wake up, make coffee 6:00 turn on Mark Haines, check clearing reports from previous day 6:10-6:40 go over charts for opg stocks, check for dividends 6:40-7:10 read news for opg stocks and make notes for what else might be in play 7:24 send opg orders, mute cnbc, turn on squawk box...

Actually most daytrading firms don't have a problem with you holding positions longer term if you put up some capital. Depending on what kind of trading you are doing, you can get some big leverage on overnights too. I'm in trades for over a month quite often, and am leveraged 20:1 almost...

Do you mean indications published by the specialist? Those are available from lots of data vendors. You could look at level 2 quotes pre-market on instinet and other ecn's. You could also check where stocks that trade in europe are trading.

I can't decide, please help me clarify my daydreams. Opinions on other similar roadsters welcome.

I don't use it anymore, but was paying $450 a month to my clearing firm who provided it to me. I tried the demo from Neovest and I think the cost was in the 350/mo range. You could probably write some complex scans on a large group of stocks using Excel and a decent data feed. For what you...

If you are looking to trade at a prop firm, and are putting up capital, it's not a 'job'. You are essentially opening an account at a broker that will give you lots of leverage and maybe some training. The requirements are that you can read well enough to complete the paperwork, can sign...