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Just a note on QQQ's. We have some traders that trade QQQ in size and trade a good portion of the trades on the AMEX. The cancellation charge for QQQ is charged by the AMEX specialist in the QQQ-Susquhanna Investment Group. This charge is usually passed through to...

Candletrader, Our successful traders have their own style. Some use 3 and 5 minute bar charts and follow the index's that they trade in. For example , if you trade XOM , you might also follow XOI(OIL Index) and of course the S & P futures. Other traders due Matched pairs or due...

In my thread at ElectronicDaytrader.com, a comment was made about covered call writing , which is mathematically the same as naked put selling and I have included my reply below: Be aware that Covered Call writing is mathematically the same as naked put selling. Selling puts is a good...

jmi0493, Just a note. Daytrading is far from over. Momentum daytrading does not work in this environment. The .01 spread and choppy markets made it almost impossible for "scaplers". I would suggest you take the summer off and preserve capital. Believe it or not...

Aranha , I have heard good things about Aspen Graphics. I believe ASPEN charting is geared more toward commodity traders. I was mainly talking about charting and building a tradestation for NASDAQ/NYSE/AMEX trading that is easy to use , cost effective and will work well with other EDAT...

Aranha, Just a note on REDI. REDI+ is mainly an direct access order execution platform(EDAT). REDI+ charts are really only to be used as a backup. REDI+ has their own ticker plant and if you have a reliable ISP or WAN connection, REDI+ level II will be one of the most...

SLK (REDI+) does not offer NASDAQ stop orders. Be aware NASDAQ stop orders are "pegged" to the best Bid or Offer on NASDAQ level II, so this is not really a stop order that must be completed at a reasonable price(NYSE & AMEX), this is a market order sent to an ECN (probably ARCA) by the...

We have been around five years and have established ourselves as a nationally known L.L.C. Everyone in professional daytrading knows about us. See some of the posts on the Brokers board, we are listed under Stocktrade Network. ECHO,ETG, Bright...

True , but being in this business 20 years-no question suprises me! Gene

Our rates are .03 down to .0125 cents per share. 500 shares would be $15 at our highest rate and $6.25 at our lowest rate. There is no ECN,MM or hidden charges and no minimums. In terms of rates, we are not the lowest or most expensive. All I can say is you get what you pay for. You...

We offer professional rates based on volume. We start at .03 cents a share and go down to .0125 cents a share-no ticket , no ECN , No MM fees or minimum charge. I don't like to tout our firm on boards. We have been around 5 years with a very good reputation. If you...

I try not to be biased in my replies or tout our firm , but for any interested traders , we offer REDI+ for NASDAQ with links to REDI,ISLD,INCA,SuperSOES & ARCA and soon BTRD. I would reccomend a $25,000 minimum capital contribution for NASDAQ. Any professional trader...

Just a note . The Bright brothers have a successful trading organization that is built on mainly NYSE trading. As a trader and firm owner , I can see benefits of trading NYSE. You get price improvement many times when trading NYSE. If you trade JNJ,GM ,IBM and other S&P...

Just a note to all QQQ traders . NYSE direct (NX route on REDI+) is available on QQQ. If you trade with REDI+ software, you will have routes AMEX,ISLD,NYSE and NYSE(NX). Remember the QQQ is "arbed" against the NASDAQ 100 future 4000 QQQ= 1 Nasdaq future, 800 QQQ=1 mini ...

Leland, Please note that the NYSE prohibits the following activities: breaking up of orders greater than 1099 into smaller quantities for the purpose of receiving automatic execution entering orders in intervals of less than 30 seconds for the same stock for any account in which...

I don't know if other platforms offer NYSE direct. There is a route for NYSE direct on REDI+ software- NX. Call your introducing broker or Real Tick. REDI+ software is programmed to prevent abuse of NYSE direct. After purchasing 500 shares of GM on NYSE direct, I...

Bryan, You got that right. The QQQ specialist is tough. One problem with cancels is that the QQQ trade off the NASDAQ future and the number of cancel & cancel replace orders the QQQ specialists gets on a busy day is beyond belief. Remember, the Nasdaq...

As qwiktrade has mentioned, if the NYSE has NYSE direct for market orders of 1099 shares or less , for QQQ's, SPY & DIA's(entered as NX limit order on REDI+), I would agree this would be a superior route to the AMEX for small orders. We are using the NYSE auto-ex with...

The primary market for the QQQ is on the AMEX. If you are mainly trading NASDAQ stocks and are now trading QQQ, there are going to be some advantages & disadvantages. If you are a daytrader or "scalper", on very busy days , cancellations can take a while to get an...

Alot of the AMEX stocks are not that "liquid". Remember , this is a specialist system , not an ECN. There is no "auto-Execution" like hitting an ECN. If you trade the QQQ or SPY on the AMEX ,you will get a good execution & price improvement at times. If the AMEX is...