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what firm are you with that gives you a 1099?

At least with stock DOM, when you see larger bids than offers it's generally bearish, and when you see larger offers than bids it's generally bullish. The reasoning is that if the seller is showing large size, he's doing that because he believes there's a buyer who will fill his order thus he...

None of what I was talking about has applied for 7+ years. It's totally antiquated information with no relevance to today's marketplace.

http://money.cnn.com/galleries/2008/news/0803/gallery.real_stories/7.html Wonder if that's the trading Joe Ross.

People made that kind of money back then. The learning curve for making a few K/day was a few months. The money was really, really easy. Market makers were slow to cancel their quotes and you could basically arbitrage by soesing a slow MM and selling higher on Island. You could get filled 10...

420 and the daily exercise seem to do the trick quite nicely here.

http://www.cme.com/clearing/clr/list/contract_listings_cl.html?product=NYM

If you could accurately predict volatility, you could profit off of it in the options market. However, the options market can tell you through using Algebra what volatility is priced into the stock, which may or may not be accurate, but will at least let you know what "the market" thinks.

OK so if you got 3 grams for $100 and cut it to 10 and sold them for $50 each that's $400 net profit. What about the other 5k?

WSJ and CNN are just propoganda to brainwash the sheeple. Watching CNN will just make them feel scared and feel supportive of Uncle Sam's crusades to "protect them from terrorists."

You gotta watch the market and figure out where money's being left on the table. Until you notice "whenever X occurs and I limit 35 cents up, I get printed 25% of the time but when I do get printed 80% of the time there's a 15 cent profit immediately," and then try to trade that live... you...

Bingo. Best I've ever seen, was a day where NSDQ declared self-help against EDGX and most firms couldn't see EDGX quotes, including mine, and had about a 15 minutes window where any stock with a live stale EDGEX order was getting traded through. I believe he made about $500 arbing (lifting...

I like it as a short below 200.

???

Point spreads? Well, since everyone else is assuming point spreads 57 by 58. I win if it's anywhere between 57 and 58.

One of the main cognitive biases people have (empirically proven) is they overestimate their abilities and intellect in relation to others. It would actually be extremely atypical if the poll ended up 50/50 because it would mean the participants as a whole did not suffer from cognitive biases...

Where are all these masochists coming from?

Oldtrader, For the record: do you maintain that Cramer was not recommending BSC's stock as a purchase and that he honestly believed the caller was an institutional client with BSC who was concerned about getting his money out and not another fast money bozo who was worried about what to do...

I have no opinion on BSC's price (outside of hoping that he'll trade with the same intensity he did on Friday so that I can make back the money I made by becoming an investor for 10 points at 43.12) but it is way too presumptuous for you to say there is "zero probability of BSC touching 38."...

just sit there find a few thin, spready nyse stocks that do a million shares/day and watch the full depth of order book and the time and sales... and you'll see it... only way to learn to tape read is to block out other data that will give you a bias and just trade off the prints and book and...