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A transaction at the bid is a buy for the buyer and a sale for the seller. A transaction at the ask is also a buy for the buyer and a sale for the seller. :cool:

That's what Long Term Capital Management thought until they blew up.:cool: The only thing you get from picking bottoms is a dirty finger.

That's true. Volatility is a day trader's heaven. Let the market prognosticators debate themselves until they're blue in the face!

I'll sell to you when you cover your shorts!:D

Yes, TA and fundamental analysis are two different approaches for interpreting price action.

I'm more concerned with the level of volatility between stocks and E-minis. Since the age of decimalization, the noise has been very extreme in trading most stocks and it's easy to get whipped around and lose a ton in slippage. Is there less noise and better moves with the E-mini?

Yes, but TA lags the immediate price action that you can see from Level 2 and TOS. By the time the pattern manifests itself on the chart, it will be too late to make a decision for my style of scalping.

Hi, I'd like to start a discussion about a comparison between stock and E-mini futures daytrading. Namely, I'm a scalper who relies solely on price action and very little technical analysis. My trading style has always been to string together a lot of singles to end up with a profitable...

Low volume markets are like playing russian roulette. Proceed at your own risk.

Hi all, After taking a few years off from the prop trading scene, I'm about to make the full time plunge with my meager nest egg. I traded full time from 1999-2004 and was consistently profitable although my numbers were never eye popping. I've traded at Momentum Securities and Hold...

Isn't that the chick from Seinfeld?

I think Sarah Palin is quite hot. Unfortunately, it's a disastrous choice for the Republican party. Now I'll be forced to vote for Obama. Palin's only claim to fame is that she sold a state plane on ebay!

.20 cent stops will kill any trader. They can't see the forest from the trees and this prevents them from catching any decent moves.

I beg to differ. Being factually right and making a profitable trade are two separate animals. It's all about timing and execution.

I knew many consistently net profitable traders. The problem was that they could make much more money at a 9 to 5 job with far less stress. What good is being net profitable if you're only pulling in $30-60K per year after commissions? That's why most of them are no longer daytrading.

This dude's grammar sucks, but he certainly hit it right on the head!:p

What are you smoking? You got good grades at Carnegie Mellon (my alma mater by the way) and did internships at Lehman and Morgan Stanley and now you want to join a bucket shop prop firm? So you want to throw away a career path that could land you a mid six figure or possibly seven figure...

I recommend a career in journalism to better utilize your penchant for the written word!:)

Well he's probably trading the penny stocks for 10K+ shares so the risk is pretty low. He certainly can't be trading GOOG!:eek:

You can do any volume you wish. Just remember that the more volume you do, the more negotiating power you have to lower your rates. When you do low volume, then commission rates don't really matter that much as long as they're fairly competitive. But if you're unwilling to take your Series...