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When I put in a stop order on the NYSE, how is it handled in relation to a market order? Let's say the stock is at 51 and I put in a sell stop at 50. When the stock prints 50, I get my sell at the market. But how does that compare if I waited for the stock to print 50 then put in a market...

With a 3rd party portfolio tester, you probably could do ALL stocks (you wouldn't even wanna filter out the low price, low volume ones?). You wouldn't need to import/export, You'd get a lot of information, particularly relating to profit across the board and per trade. The reason I do the...

Not sure what you mean by large scale. I use Tradestation and I give it a list of stocks. In my code, I write the results of each trade to a comma-delimited file. I then import that into Excel, and using Excel's sorting and subtotalling features, I can get the data I want. There are add on...

There are firms that will put a cap on the commission. So if you trade 10,000 shares in a trade, you will have a $25 cap. There you net effectively are paying only $.0025 per share

Size can definitely affect trader psychology. I've seen traders do excellent with 1000 shares, but then jump to 2000 shares and have a tough time. Usually it's OK if the move up is gradual, it's the jumps that are killers. And for some traders, they hit a mental block on size, but do well...

Search this site for "Andover". There are lots of posts on them.

It probably depends on the trading style that works best for them. For some traders, they develop a style that works well on just a few stocks and the best way for them to maximize their profit is by doing large size. For example, a scalper who nets (at the end of the day) 5 cents a share...

I definitely agree with rtharp when he said: Another thing that is good is when it comes time for accounting. With professional firms, you get a K-1 and hand it to your accountant - their work is then quick and cheap. With retail, you hand them your trading records (elecronically if you're...

I was under the impression that if you can use the Mark-To-Market method and not pay SS tax, then that is not considered "earned income" and you can only get the benefits of a SEP, IRA, Keogh, etc. with money that is classified as "earned income". Are you saying that you know of a way to be...

Well, it's the theory that all boats float in the same water, so when a wave comes along, it tends to lift all boats... or when the S&P futures are up, most stocks tend to go up. Now this is not always the case, as there are certain sectors that don't generally go with the S&P futures (ie...

Smikkey, There are many reasons people choose a Prop firm. One is starting with a small stake. If you're only putting up a few thou and the firm is taking the risk, then I think giving up a % is fair. But you don't sound like you're in that situation - $30,000, profitable, good rates...

Is there a website that has the current CNBC fair value for the day? I know of www.programtrading.com, but it is often different than what CNBC has. I know CNBC announces it, but it's rare that I'm lucky enough to catch it.:(

Now that would be interesting. A vendor test of "real-time scanning systems" with built-in scans, not just for ease of use, but for effectiveness in trading. I think it would be interesting to see how the scan results generated from these scanners (Oz scanner, SL4, ScanWizard, StormChaser...

SL4CEO, Entry indications can be helpful, but how do you pick the ones you want out of the thousands? And once you're in them, how do you know when to exit? Those two points are key. A trader needs to be able to be presented with good, SUCCINCT data and while thousands of entries are...

Didn't catch who originally said Redi was like The Watcher, but I'm with hans130 on this one. I used watcher many years ago and it is excellent for what it does - entering trades quickly on NASDAQ stocks (don't know how much it's changed since then). Redi is another animal. Yes it is an order...

For threads that show up on the homepage, how about having a last post date and time. The folder icon is nice, but many times I come into EliteTrader and don't have a chance to check out all the new updates. Having the last post date and time here would help see what I'm missing at a glance.

Now that the NYSE has had their own ECN kinda thing - Direct+ (aka NX) going for a while, I was wondering how people have found it and how it affects their trading. For example, I know that with the specialist system, if the specialist is short and doesn't want to be, he can put in a big...

SIAC = Securities Industry Automation Corporation. They are the ones that capture the raw data from the NYSE and AMEX. Specialists enter orders into SIAC computers as they occur (or in the case of NYSE Direct+, the Direct+ has a link directly to SIAC and order information is sent whenever it...

I'm working on more stuff than I can shake a stick at - mostly automated trading interfaces, but not to the extent you are. Can you quantify tape reading? It seems more like an art than a quantifiable science. It's like "ok, you do this, then this, and if this happens, do this, except when...

You need to check with your firm. They need to do the paperwork for the firm as a whole (not just you) which prevents duplicate fees by the exchanges. This needs to be done by your firm on a monthly basis and if the proper paperwork isn't done, then you'll get the duplicate fees.