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Okay Gordy, I'll enlighten you. The spread of stocks is determined by supply and demand. The spread tightens at the top and bottom of a move, when the number of buyers and sellers is pretty much even. The spread widens when there is an imbalance between buyers and sellers, as evidenced by...

CNBC from 8:30am-6pm

Sorry, but that's one of the silliest questions I've ever seen.

Overtheline is 100% right! I used to scalp and do quite well in 1999/2000 and even 2001. Then, I've been getting smoked! That's because my scalping stocks lack good elasticity and follow-through. Plus, all the other day traders using ECNs for large size are making the moves very chaotic...

I'm not implying that at all! In fact, A can be implied from B with the same regularity that a string of heads on a coin toss can imply that the next toss will be heads or tails -- 50%! And 50% accuracy is not a reliable system. Try watching KLAC on the Level 2 screen for ten minutes and...

Well, I wish you good luck on your experiment. I guess you'll just have to learn the truth for yourself! But don't say I didn't warn you! :p

It's not an open question. For liquid Nasdaq stocks, the answer is absolutely NO. You're attempting to use a bottom-up approach to predict price movement instead of a top-down approach. It's like trying to predict which way a dog owner is walking by focusing on the random movements of his...

Sounds like the opening line of a Waxie infomercial...or Don Lapre?

Yeah, I know some traders that momentum trade stocks like NVDA for large size (5000-20000 shares) using ECNs. Traders like them are greatly responsible for big swings and added volatility in those kinds of stocks.

Many people switch to daytrading because of the allure of having complete autonomy and the possibility of making alot of money. Some also use daytrading to get out of dead end jobs and are spurred on by success stories of people who made millions (of course this was years ago). A lot of people...

VRTS, NVDA, MSFT

On the job training was my best teacher. Also, reading books on technical analysis and picking the brains of the best traders. I don't think the courses you took in college has any bearing on trading success. I think better indicators are a high degree of competitiveness, strong...

Why do people like to backtest historical data? I think this is an inherently flawed process that has no bearing on the future.

The favorite pattern right now in my group is the Hole in Wall (gap down) combined with the bear hug (downtrending stock moving up to resistance) as a swing short trade for listed stocks. You wait until the day after the gap down to determine if the stock is a short. This has had a 70% success...

Why would anyone want to short WCOM now? The risk/reward ratio is piss poor. You can only make 20 cents on the short but the risk is still high.

By the way, the rebate is definitely NOT $3.50 per 1000 shares. Otherwise I'd do it all day long too! 1.   MarketXT Transaction Fees Shares per Month $/Share 1 - 5,000,000 0.0075 5,000,001 - 50,000,000 0.005 50,000,001 +...

How can you short stocks and cover at the same price all day long unless: A. The bid and ask are the same or B. You can correctly guess where the stock is going every time None of the above can be true, no matter how liquid the stock is. Unless you are an equity prognosticator...

I say I'm an equity prognosticator.

www.briefing.com

This market will be a bottom when the following things happen: 1. Israel/Palestinian conflict subsides 2. Threats of terrorism on American soil subside 3. Renewed consumer faith in corporations 4. Return to profitability for corporations This is quite a tall order! Until...