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1) Yes, we all run across hard-to-borrow shares, usually when the stock has an abnormally high short float. Many of the financial in 2008 were hard to borrow, for example. (Hard to borrow means no borrow). 2) Usually well above what any daytrader would use, though sometimes I've seen firms...

OpenBook Scalper wants to make a market with 5% spreads..!!!!

Been in the business over 3.5 years, profitable, would be in the red probably close to a million dollars if I had to pay that rate. I never once had an edge that would have been profitable at 1 penny/share. To the original poster, that's not a good deal at all. They're trying to rip you off...

Apple II GS

Wasn't just a print, was a whole sweep up and down. Was all real, in both stocks. Trying to give me a stroke at 21, I swear...

What the hell was that? Mini flash crash in the Q. Also INTC. My P/L blinked to -4k before coming back and I hit out for $200 loss, within about 2 seconds. The smallest instant I saw the quotes go down to 5.24 offer, right back up, very strange market.

Are you sure there wasn't simply a hidden order there? At the time of that print, was .09 the bid or offer? You're saying the size at .09 didn't change? What you want to do is call EDGE themselves, www.directedge.com click contact, call trade support. They're very helpful with resolving...

This is very disturbing, very, very disturbing. We must fight this and nip it in the bud. We cannot have corporate media control our lives more than it already does.

its saturated and dead, no money there.

So let's say $.50/1000+$1.00 in SEC fees, = $2 roundtrip, vs $.60. Basically the SEC fees are what makes the SPYs non-competitive with Globex ES here. I'm not considering ECN fees because if one has an adding liquidity type strategy, they'll be better off than on Globex because their...

I know that tax wise ES is better, and it's more of a "real" product than a derivative (SPY follows ES), but how is it better cost-wise? I don't trade ES, but my understanding is that you can't get below a few dollars per round turn because of inane CME fees. SPY has highish SEC fees, but with...

Geez, you guys are tough! 30 years in the market, only one losing year, very small, at that, and he decides it's time to retire... that's commendable, no 30% or 40% drawdown, 5% after 30 years... sheesh

Mental toughness.

I fully, wholeheartedly, agree. If spoofers are such a problem, why not just whack them instead of bitch about it? Because it's usually not so obvious.

Trading's serious business. But the hours aren't bad. Being a fulltime daytrader is stressful work that demands full attention and concentration, I often have over 30 live orders sitting out there and trade without automation, so I have to be on top of it. The hours aren't bad, even doing...

I'm not sure equities actually do go up over time. When a company dies and fails, it is taken out of the indicies. Most companies eventually fail. Sure, maybe taking long-term short positions in S&P 500 companies without very sound stock selection is over time a losing game, but I think it's...

I made a typo, said 5 cents per 10000, meant 5 cents per 10000, which is .00005 (quad 0 5). That's the low end, high end is .0004 for low vol small operation.

Your actual cost is > .002? I find it hard to believe but I know nothing about the GS clearing arrangement. Competitive high vol clearing ranges from .0004-.00005 (5 cents per 10000), don't see how/why you guys pat 5-40x the industry standard.

My eyes and my fingers.

People are so horribly misinformed...