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ME! :D:D:D

Who says the buyer I'm faking was posting huge share sizes? If some guy was stepping up 20k blocks all morning I'd be a moron to put in a fake 20k bid when he's gone. what if he was showing 300 on 3 different ecns with large reserves and stepping it up? If a seller whacks me on 900 shares...

I'm talking about a stock where I'm the only human trading it and it's all programs. I don't even begin to cause the movement. However, I can cause a buyer to be willing to buy for more than he would if I hadn't entered orders in a certain way a certain time. I can also confuse other...

I can act as a "specialist" and do 10-15% of the volume of a $30 stock that trades 1 mill/day with 250kBP. That's been my post-earning season strategy. You don't need huge BP to help give your stock a push and to trigger the programs, if you can figure out the triggres... you just need good...

lol then bro this is the wrong business for you. Trading is about taking money from others. At the low end, professional equity scalping is abot taking people's outs. At the high end, it's about manipulating the order book and painting a false picture. Slippage is good if you're on the...

After hours ends at 8:00PM.

That's just not true. I really can't make money trading with more than a few million shares per day in volume. I am most consistently profitable on stocks with 500k volume. I'm not the only trader I know who shares these characteristics. I would even venture to say that all those...

yes.

Yes tape reading works now, but the game is figuring out the algorithms instead of reading the specialist. Too many ex tape readers get too confused by fragmented orderflow to have the creativity to find meaning in the data, therefore claiming that tape reading doesn't work. It works...

Let's say one guy has been buying a stock up all day. It's been in a range, there's a seller at 55.60 that doesn't want to break, and a buyer at 55.55. The futures start tanking really hard, the 55.55 buyer pulls his bids back to 55.40. Some people panic out. However, the seller wants to...

you see trends in random data because even in random events, the same thing will by chance happen over and over thus creating what looks like a trend, a trendline, etc. human auctions aren't random though. This will turn into another thread where losers bash "ta", then degenerate gambler...

That's just horrible advice, and this is not my subjective opinion but downright fact. Why? FX y ou're not participating in a real market, instead going against market makers who are taking the other side of your trade, who can see your stops, who can print whatever they want on the chart...

Algos love to penny you. Plenty of ways to trick them. Plenty of ways to get them to penny you when pennying you isn't advantageous. Figure out one MM algo in one stock, you can't figure them out entirely since they have discretionary components which are based on variables unknowable...

The one thing the OP didn't mention was whether or not the P/Ls on the traders' screens were green. If they're green, that's all that matters. My desk is a messy shithole. Eating food, even junk, and playing video games, keeps me from churning. But yah, most those firms are filled with losers.

I'm just another daytrader so I'm hardly the guy to help, but with that said, what's wrong with straight out buying the Jan 09 $80 puts for $7?

I'm not sure that's funny man... more like scary, how out of it people are... okay, lol, us not bankrupt, that is a good one.

ABK MBI BSC UBS C

It's not advantageous to post on any ECN other than NSDQ or ARCA, or the NYSE directly. Reg NMS only requires orders to get routed when on the inside market - otherwise, the ecn book gets swept for whichever ECN was used. People use INET RASH orders a lot, which only sweeps the ARCA, NSDQ, and...

Coming from someone with 99 names himself! just playing, Jimmy

Well we have a group now, with 4-5 experienced tape readers who share our ideas with each other on skype. The flow is very nice. We start every day at 11:00 - everyone wants to be on their own before that. We all focus on NYSE stocks. Skype allows us to have up to 9 guys so we can in theory...