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Nice Choad, already deprecated myself with a Denny's app but you had to bring up that link ehh? I can take it just hope you can deal with the bad mojo you just put on yourself big tymer. Just come up with something a little more original next time you go for the dig - that one is probably...

The big difference is the bid ask spread, which was as wide (.125-.25) as the typical move for the stocks I trade, now it's a penny. The moves today are slower and less sustained. And although it is still possible, it's much more difficult to ferret out real buyers and sellers because of ECNs...

No I agree, if you are going to trade professionally for a living prop is the way to go. My problem as I stated in my first message is that I haven't been able to adapt to the ubiquitous low volatility trading environment that we are stuck in and just cannot make a living banging out trades for...

OK, no responses for four hours so I guess that means forget about it. I'll try one more time on the front page then start filling out my application at Dennys.

Well after eight years in the business I am finally throwing in the towel on prop trading, just cannot make enough money anymore. Well, let me clarify. I make $500 to $1000 a day with no overnights for 20 days a month then get crushed one day to lose most of it. I trade a couple million shares a...

You really need to sit down and do the math in regards to your trading style. Go over your sheets for the past couple of months, maybe even put your fills on a spread sheet. Determine what percentage of your trades are taking liquidity (you are taking offers or hitting bids) and what percentage...

There's still almost 2 weeks of trading left, we could finish in the red. There's a lot of hedge fund managers out there who were counting on this Xmas rally in order to show some results this year. Look out if their group think tells them to just get out now while they are still in the black. I...

well this break ain't looking good. Vix is going vertical. Maybe we will get some decent action here to finish off the year. Nice inverted hammer in GOOG, will probably be enticing enough to shorts to let them push it above $450.

Agreed on the feeble rally on good news. IMO it is always a telling sign when the market doesn't react like it should. On the other hand, the move down from the breakout failure has been pretty boring as well. Seems like nobody has much conviction on either side. When I started this thread I...

Truth, I think that is a good point. Vix nearing all time lows when we're at a critical turning point, either up or down. No one seems to be afraid on either side. IMO this complacency will bring about a violent move.

alright, time to throw in your 2 cents. So we finally close above that 1280 level after vibrating between 1260 and 1280 for the past month, only to pullback through the previous resistance. What's the next move. Although I'm not full blown technician I am aware of most of the patterns and don't...

After seeing a lot of questions posed to Maverick about certain situations and prints, to which he responded that you cannot determine a true buyer or seller by a couple of prints and that you have to see every print to intuitively feel the presence of size orders, I think it is important to...

Wow. I just wasted 15 minutes of my life that I can't get back reading this worthless thread. Reading the tape is an art which won't be learned here. I agree, Livermore is an excellant source to get started and The Electronic Daytrader although dated gives some real good insight into reading...

http://www.nasdaqtrader.com/aspx/regshopilotlist.aspx here's the link to the reg sho program and you'll find a link to the pilot list there as well to see which stocks are in the program. Furthermore, ARCA is its own exchange for over a year now and there is no uptick rule for shorting...

i agree, 1 min until about 10:00, then 3 min

Someone mentioned on a previous post that if it was so easy to front run size it would be automated. I managed a small group and we had a grey box (would automatically put a trade on and trader would exit) that was based all on front running size orders posted on the NYOB. It relied on using the...

Very hard to not think long here, everytime the market gets bored or lifeless it drifts higher. The path of least resistance is higher. However, I am worried about the bullishness of the market combined with the VIX at all time lows. Every analyst you see on TV or in print articles states things...

I tend to agree but don't see how it doesn't hurt them in the process. If I'm an institutional client and see how they get some of these fills and the prices they are getting, I'd be furious and take my orders elsewhere.

I've traded with Assent since it was Andover and can tell you I honestly feel they are better run now than ever. Whoever was worried about the costs exceeding the commissions coming in is crazy. This business is a cash cow with all us traders churning. It is my understanding Sungard can't let...

I've been banging my head against the wall lately trying to explain how erratic and choppy Nasdaq stocks trade now. Swings out of nowhere, strong turns weak and weak turns strong. I've traded since '98 and it seems the charts just keep getting uglier. After getting trapped in a nasty move in...