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Winning ways can become losing ways: Years ago using limit orders resting in the NYSE market often was a good thing, especially with the price improvement when a specialist traded through the order as he had to include you in his fill. Some traders, like pair traders, actually spent the day...

Yes.. voices of reason are sometimes ignored and sometimes for percieved selfintrest that goes against fiduciary responsibilitie and job obligations. I traded pairs in a fully backed group where the head trader took crazy risk when he was losing and blew everything up (very large amount) in...

Was going by 1000 shares and still think I am correct. .05 a share or 5 dollars one way on 1000 shares with normal monthly volume (but a 1 dollar minimum for those only trading 100 shares at a time, or less). .02 a share or 2 dollars one way on 1000 shares if doing 300,000 shares a month...

I think those traing 300 000 shares a month pay .02. Smaller volume would pay .05. So IB would be 4 or 10 dollars round trip, depending. Best to double check. IB is a top pick of many pros as thet have cheap commissions and many other perks. However, yes, 14 dollars per thousand shares is...

Not entirely true as they took on more risk than was wise, a prevaisive theme across the board with blowing up. Not effectively weighing iquidity issues if hasty exits were needed was one factor they had in common with LTC, as well as over-leveraging. But yes there were, as you say, unique...

Statistics? Have you personally gone over lots of data or read this, perhaps from a knowledgeable source? Trying to understand where you are comming from and not knocking.

Ok ok ok No one should read Everyone is a poser Certainly don't listen to knowledgeable posters Everyone stop reading right now Just stop it No more reading, anyone

Your exits and COSTS are critical to day trading, as well as your entries. Traders of the New Era could be valuable to your understanding the true structure of the markets, how to get the best fills, and how a fair number of winning traders think. Backtesting is excellent but sometimes in...

How do you know this? Ray Dalio often asks himself "How do I know what I know is true". So... I am not arguing a side, but rather asking a serrious question.

Why do you say this about shorter term bars?

If you leave, perhaps you will drop in once in a blue moon. Thank you for you excellent sharing, illustrative pictures and song video clip.

Your profile says you are 18 and it looks like you are headed toward trading in a serrious way. It also looks like you are looking for Elitetrader to help you. I suggest you pay special attention to the posters mentioned in Rin4et's thread, Which Users Posts Havev Benefited You The Most...

I would like to add @Daal. The reason is that I found his relatively new book helpful: Traders of the New Era. ____ .And I stand by my prior list: @lescor @Dustin @Xela Lescor and Dustin have made serrious money trading US stocks for many years. Xela wins trading FOREX and is wise beyond...

I notice the quote on your profile information page is a quote from the author of a well regarded book on traders and trading. Do you suppliment your learning with reading?

Keep us posted!

Being around winners and gaining experience indeed has great value. Absolutely! However: Since there are wealthy traders, investors and gamblers who credit things like reading and backtesting as having helped them, I will disagree with your blanket statement in these areas. Renaissance...

Rin4et has produced a flow of sincere and insightful question-threads and posts which is why she is on my follow list: "Which users posts have benifited you the most? Can full day traders that trade stocks raise their hands? Questions you ask yourself to avoid false positives durring the...

Inside information?

How do you feel about trading forums? (Kidding)

I did not mean to be harsh in my reply. There is, I think, a worthwhile caveat behind you post: Reading and trusting the wrong material can be a killer. Experience does help! Hooking up with the right people helps! And other things are needed to be a winning trader than simply the ability to...