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i think its a very good explanation of the specalist actions.he is right on target, i think whoever hasn't read that, please do!!!

I guess some of you are curiose as to why I stared this post... I started it about a year or so ago, i think as i thought it was funny, and i was bored :) I thought i'd join in, piss off some people who take life too seriosely, and just have fun...it was better than churning ... I didnt really...

specific enough???

dunno ... even tho i started it..lol

pm me your email address

firslty, it seems that you have a law background, are you a lawyer? i have had experience training a lawyer before, probably one of the biggest pains in my ass, but definetly turned out to be one of my favourite trainees.... As far as learning to trade, theres a lot of validity in what all of...

hey ff...i think my previose thread might answer your first question... For the second q, when the stock is spread up/down, you can offer/bid out or go market.... but on a regular basis you get screwd by the specialist, iva had experiences where i go market and i get a bad filled or i offer...

very important....when i first get into a trade, i size with my REGULAR INITIATING POSITION, the size is dependant on the liquidity available a well as the volatility of the stock. In some stocks it could be as small as 1k lot and it could go up to 10k, as i trade certain stocks that do 7 or 8...

I try to initiate with 2-3k shares and than build up if its going my way, and sometimes I break my discipiline and build anyways...i think it took me about 6 months to build to 1k lots, but every traders has his own learning curve and personality...so a time frame or a benchmark dosent really...

He is the most consistent trader I have ever known...unbelievable level of disipline...

I will pm you about the SAI'S and open book, As far as technical analysis concerned, I myself am not an expert on it, dont use it that much, im not going to buy/sell a stock because it made a double top bottom while crossing some fabionacci line :) However if there is a buyer bidding up a...

my brazillian friend, im glad you are very enthusiastic about the markets...when you get here, im going to have you sit behind me or another one of our senior traders, and i will show you... But to answer your question..you are buying in front of the buyers and selling in front of the...

An offer...:) OK let me explaing to you how this business works.... When you join a prop firm, you dont get paid, you eat what you kill... its not a position for those who are weak in the heart... And instead of getting paid, at times you have to actually put up your own cap (as I...

I agree with you, I dont think it really matters.... Also to have access to that kind of information, knowing excatly if its a specialist order or a floor order from a bank is very hard to know...but you can get looks on the floor, if you are using a floor broker you can trust....

Firstly, I just want to aplogise in advance for sometimes taking a while to reply...i keep prety busy as im in the market most of the day...and afterwards, im training, and in meetings... Yes the specialist can be filling oders from his own inventory... And Yes I use openbook, if you are not...

well i know i dont post reg, but had a nice day, id like to share... + 10,973gross

hey trader56 its seems that you are truly interested in improving your trading, im going to email you a couple of pages of notes, that I pass out to trainees during my classes, they should be helpful....read thru them and let me know what u think...

its similar... you are watching the order flow, therefore looking for meaning full bids and offers, as well as what the specialist/floor brokers are doing. And finally, you are watching the manner in which the orders get filled. For instance, imagine if a bid walks in to buy 10,000 shares of...

In and out my friend, I dont hold for hours, when things move, they move quickly, some of my most profitbale trades have taken less than a couple of minutes.... READ THE TAPE, it will never lie to you!

iT TAKES 6 TO 8 MONTHS, FIND YOURSELF A MENTOR, PUT UP 5 K, AND GET READY TO FEEL A LOT OF PAIN, AND IF YOU ARE GOOD ENOUGH, SOME PLEASURE :)