If your trading style is extremely gimmicky and based on some simple scam/trick that works over and over again it is obvious that sharing it can/will impact it. Most those types of trades will only have a few thousand shares available, and if someone learns about your edge who is quicker than...
They do know what they're doing, the whole "politicians are ignorant and incompatent" thing is just a scam to fool the public. Any naivety they have is intentional, to the tune of "well knowing those specific details might make me feel a little bit like too much of a scumbag, and there's no...
Put a stop in and walk away. Put a limit order that will take half off at a nice profit target and half off at an insane profit, and see what happens when you get back.
Well, this sucks. Back to flipping burgers.
...this will take off my yearly income more than one makes flipping burgers... 20-30k. oh well. Good thing I've been taking it easy with the orderbook scalping and making my $800 with 500 shares traded in volume instead of the 500k i was doing...
I can't agree more! Scalping for me went to shit, part of it was the mkt, part of it was my head/doing a poor job adapting (I saw changes I needed to make but was having difficulty implimenting. I was trading 3-10 million shares/month (average of about 6) during June-December, now I only trade...
Watch the level II you can see them operate... some, by my estimation, get filled way under one out of every 1000 order posted - perhaps more like one out of every 10,000 orders posted gets filled.
The period when there was reg nms and an uptick rule was annoying. If I sent a NYSE sell to tick my short, and the best bid was on arca, it would be re-routed so the short wouldn't step. Before NMS the short would just step right through the arca bid and go +.01 from whatever the last NYSE...
Yes, it was coincidence. Correlation does not mean causation. The removal of the uptick rule did not cause trillions in derivatives trades to unwind.
"Without it, a small minority can manipulate prices..." I guess you mean daytraders and retail investors, since WALL STREET CAN STILL SHORT...
ho comes up with the names for these firms? Why is it that a monkey pounding keys on a keyboard would come up with better names for firms than 90% of these firms have? auynxckjhfiuyxpj trading would be a better name than an esoteric pussy animal.
I always find it very frustrating reading from someone who has never spent 7 hours straight watching a Level II say to bring back the uptick rule. The man clearly does not know what he's talking about.
As far as saying the market priced of the derivatives are manipulated by short sellers...
Seeing a stock on a constant plus tick and going with it is called momentum trading. I've been doing momentum scalping since December of 06 and I must have traded every possible momentm strategy. Trust me it's not that easy.
The whole point of this game is consistency. I was green in month...
Come on man, you know why they're doing what they're doing. It's not about encouraging growth, it's about globalized power consolidation. That takes precedent over America having an efficient and prosperous economy.
Pivots work.
However, the way I find my pivots, I haven't once - not a single time - read in a magazine, or seen posted on Elite, or mentioned anywhere outside of confidential trader-to-trader conversations.
It's posts like these that make me question my scaling into oil as a long term investment and remind me of the very real possibility of oil trading between $17 and $21 on light volume for 5 years.
If this were a democracy, I would encourage everyone to write against it. I suppose there's no harm in doing so, but doing so is more of an ego massage so when it passes, you can pretend you tried.
Since we're all slaves... what can we really do?
Yeah, I agree, it is disgusting how America's largest welfare recepipeients - bank executives - drink, smoke, and snort coke in their 1.2 million dollar bathrooms.