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I'm getting long if we make another new low... looks like this is going to be a intraday bear flag now... if we break to make a new low I will try to get long (seems like it will be around 2pm) for the fade. I expect to test yst lows today. Even if it's a trend down day I like the...

Their giving you 100:1 leverage in equities? Really? Maybe it's just forex or futures? Either way you'll have little room for error with that margin. Also regarding commissions, is it 35 cents for 100 instead of 1000?

Don't forget to read the ticker tape

Genius plan... Enjoy http://www.youtube.com/watch?v=9QuFnOYcy4E

Plus if they were actually trading they would've blown up years ago. ZH is a doomsday blog. The've been bearish their entire existence. Also, the main ZH blogger was indicted for insider trading for like 1k lol

The stock market is rather scalable to a great degree (except in the pre & after mkt)... Unless you trade super low market cap names, there's plenty of liquidity to increase size substantially. Maybe not from 5,000 shares to 1,500,000 shares, but def enough to raise the P/L. If someone can make...

Yes because the 1% of day traders who actually make money are skilled and that's not what you would expect from chance alone. If day traders consistently made money and you add exponential growth (scale-able strategy) the 1% would be billionaires. To have any edge in the market you need to...

You can trade from your "gut" after a decade or so of experience. You've been doing this for a few months, so regardless the subjectivity of the word, you should have a discrete trading plan. I wasn't a fan of the guys' "Trading Coach" book but it's great for a beginner to help with developing a...

Check out this guy's blog: http://richard-wilson.blogspot.com/ He talks about setting up funds, marketing, etc.

If only Bush didn't piss out the surplus budget that he inherited... what a shame for this country...

There's over 7,000 US hedge funds alone so the answer is yes. Realistically if you want to trade short-term you need to be more on the quantitative side. Plain vanilla equities are not attractive either.

Some good advice ksmetana... especially not to short lows, buy highs and to wait for pull-backs or bounces. Regarding the % down/up trades I really think it matters with the stock. If PEP were to open down 7%, regardless of the subjective "fundamentals" of just a single quarter, I think it...

Glad you're looking at in-play stocks. Personally I think PEP is a very tough intraday stock to trade. The daily charts look brutal but the stock only lost 4% next this week. You have little edge trying to ride momentum, whether it's $2 on a $67 stock or not. Stock also closed above 10am price...

When a stock has earnings, especially such a large cap as Pepsi, it's usually difficult to trade because the order flow will be all over the place... institutions such as pension funds/mutual funds have to make decisions... their capital dwarfs HF, day traders, momentum trades, etc. Some...

You have a good sense of probabilities lol... glad you're on a trading site.

Poor word choice... I meant I'm consistently green in the pre-mkt to open. The downside is that there is very little scalability and opportunities are quite rare... but it's the best edge I have. Perhaps only edge when it comes to discretionary trading. Sell-side trading in more illiquid...

So by being a broker-dealer you get to analyze all of your clients' P/Ls? I assumed it was a fund. Best of luck to all. I think I repeated my advice on day trading equities enough times... it's not a cake-walk and regardless how hard you try you can easily fail. There's an enormous element...

PM me your company. My cousin is an exec for an options market making company located in Chicago (British firm)... I'm curious to learn what firm allows their traders to day trade, swing trade, trade options (especially naked) and buy-and-hold. Shanb, IWM (nit-picking/confirmation bias)

Let the P/L talk... Day trading, especially random stocks with no volume and leading indicators such as the Russell 2000, is dumb. Swing trading allows you to trade momentum plays... There's so much noise in day trading. The cost of doing business as a day trader is also atrocious...

Fair enough. Negativity for you = reality for me. Best of luck...