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    Tips on How To Trade Large Size - Getting Used to 5k share scalps?

    Just do it, gradually. I'm the wrong person to talk to since I have the opposite problem (I size up too much too easily, and need to constantly focus on controlling my urges to take risk), but eventually you'll just start mashing shares. The biggest piece of advice is: ignore the P/L, don't...
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    Where do I read about exchange rules about order matching?

    I would agree. As my trading has evolved, I no longer exclusively scalp small moves from the orderbooks, and often enter exclusively based on the chart; nonetheless, having the knowledge I have of orderflow trading allows me to be more precise with getting my fills and lets me reduce slippage...
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    Do you trade the first ten minutes?

    I love the open, so much panic. Must be nimble and quick, but there is tremendous opportunity. I'm using 5 cent stops to make 15-25 cents.
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    Thailand Traders

    Have fun breathing that air man. There is decent internet there. I know nothing about Thai brokers but don't see why you'd use one... I had no problem connecting to my US based brokers from the internet there. I stayed at a very expensive hotel there(in thai money - in NYC it would be a piece...
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    Here's real verifiable proof 90% lose

    Except if you run out of money. "no NYOBScalper, if you run out of money you can get a job and save up and go back to it..." Not that easy. Living is expensive. There is limited time to succeed. I've seen so many guys with talent and potential get washed out from having a few bad...
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    Weinstein Trading and Fading

    Thanks for NTY. Took 85 cents on 700 shares.
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    Here's real verifiable proof 90% lose

    Where are pages 1-4? And 9-10? I love how the biggest loser lost more than the biggest winner. WTF was with that guy losing 350k. Why would you even go prop with 350K? The last thing that guy needed was more than 4:1 leverage.
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    short oj

    Are you making money leaning on size in ag markets?
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    If What Ken Lewis Says Happened Is True...

    The Iraqi death count is in the millions.
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    what the hell is scalping

    So how is it I'm positive, with a steadily upward sloping equity curve, over the course of more than 50,000 trades, with almost 200k in comms paid by me?
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    My stop was 1 cent below day-low

    If the stop is based on the orderbook (bids/offers) instead of the time and sales (prints), it's entirely possibly the best bid could have been .40 for a moment so your order got executed, but by the time it hit the exchange a bid had already been sent at .41, thus the price improvement. It's...
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    Weekly U.S. futures are crashing thread for every Sunday night

    I'm not sure I'd agree with the concept of a 1% decline being a crash.
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    Potential trade setup to consider

    I very much like this idea. However, if I may play at least some of my position in the underlying instead of puts unless I see really attractive pricing. Kudos.
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    Edge Exhaustion

    Funny guy. The original poster never said anything about selling his edge, yet you assume he intends to become a snakeoil salesman and then lecture him on the morality of that. OKAY, I don't like the snakeoil anymore than the next guy, and I am always okay with blowing off steam on those...
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    What college majors are best for trading (and are favored by trading firms)?

    A computer programmer can automate his ideas. Nothing but screen time and the school of hard knocks can give one consistently profitable, valid trading ideas, including computer science. However, if one can program, when he has his valid ideas he can potentially automate, which is the...
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    what the hell is scalping

    The fees definitely add up but the slippage is how we make our living. The guy trying to buy 200k is going to experience more slippage than me buying 10k... partially BECAUSE of my buying 10k when I get a feeling he wants to buy. Institutional slippage is how I make my living.
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    # of current daytraders...

    Let's agree on a classification for daytrading: someone who trades at least 500,000 shares per month and trades 200 or more trading days of the year. Yes, that does rule out some extreme pikers or some really talented intraday swing guys but by and large if you're not doing that volume you're...
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    What college majors are best for trading (and are favored by trading firms)?

    Lean to program. That's the only major that can help you in trading (computer science). Everything else will have only intangible, abstract benefits ("oh look my critical thinking was improved, so I can uh, make better decisions in trading!") ("oh look I know chaos theory, so I can tell myself...
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    Skf

    You can trade SKF off a chart alone and it respect levels. I've even played it directly off the LII and made money. It doesn't trade quite like a stock but I don't feel sorry for longs at 100 who didn't get out on the break when it had worked so many times before. SKF being an inverse...
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    Has anyone lost their edge/system b/c too many people knew?

    Highly mechanical scalping strategies, gimmicky ones, where there is very little discretion and not much room to fuck it up (though rookies I'm sure will find a way), if you go and show those edges to other prop firms it will obviously diminish it. If your edge is highly discretionary and...
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