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I thought it was a good show, but very one-sided. Hard to make a good counter argument though to some of the gun death statistics in America when compared to pretty much every other country in the world. It really is such a deeply ingrained culture, that I think most who haven't traveled...

By far the best move I ever made. And I had an awesome job before this (firefighter/paramedic), so it wasn't just an escape from corporate serfdom. But being your own boss and challenging yourself mentally every day can't be beat. Making way more money is great too, but I'd do this for...

Joey, the bad days are the most important ones to record. When you mess up and break your rules, that's when you need to examine and record what you did. Human nature is to accentuate the positive and ignore the negative. As traders, we have to fight our natural tendencies all the time...

I trade remote with a different pro firm now, and can count on one hand the number of data problems this year. That's an average week at echo. I've read your ongoing arguments against being a prop trader, and for some people maybe it's not worth it. For me and how I trade, I'd never...

If any of you are ever in SASKATOON, pm me and I'll buy you beer. I think I'm all alone here. :(

My limited experience trading is is this. If you look at a full qoute with all the ecn's, you'll see that amex and nyse are almost never on the inside. So you can get instant executions and the inside spread is usually only 1-2 cents.

The number one rule that governs my trading is that I absolutely do not know what will happen next. I can have hunches and figure probabilities and put money on them. But I never allow myself to think I KNOW what will happen. This makes taking losses pretty easy. 2. When the day is over...

This is true If you are a licensed, professional trader, it is illegal, unless you are closing out an odd lot position, like from a partial fill on an ecn. The order has to be sent as a market order, and you will be executed at the inside market immediately. As to whether a retail trader...

You have to be careful comparing % change on the day becuase they might not have closed at the same prices the previous day. With the nyse being a specialist system, the official closing print is often away from where the stock was trading just prior to the close. Can you not buy on one...

How long have you been with them? Those issues started within weeks of the VB merger last year and became almost predictable in thier consistency (fast market=frozen quotes). I traded there for a year and thought it was a great firm with good software. Unfortunately I could not justify...

I like the idea, and have thought about doing the same. Do you know how order handling works on the tse? I don't even know if it's a specialist system or all electronic. That could make a difference on how you can catch outside prints and get good prices on the spreads. You would think...

I got turned on to this thread kinda late, but spent last week reading it and taking notes and think the system looks solid, so I decided to give it a try and took my first trade today. I've got cme data now, so signals are from the big contract. I'm using esignal and have both chaikin...

They are also dilutive to earnings if converted because they increase the share base, so the stock usually sells off on announcement of a convertible deal.

Joey, just a suggestion, but have you thought about varying your position size based on the stock's volatility and share price? 200 shares of a $90 stock not the same risk as a $20 stock.

I think the bullet firms have an inventory of stock, but can't say for sure on that. I do know that when I've gotten bullets on very thin, obscure stocks, I've seen a trade for the number of shares I'm buying print on the tape as soon as I hit the bullet buy key, obviously executed by the...

Do you have an edge in predicting what that news will be? Unless you've got an insider feeding you information or you've been able to divine something from, say, the options market, I think you are buying a lottery ticket. If your "edge" is that other stocks in the same sector have been...

No you're not stupid, you just keep finding great ways to increase your all important post count while contributing to the usefulness of this forum.

Can you explain why you believe this to be true? Do real traders only make their money on multi-week directional bets on the overall market?

Around this time last year when THC blew up. I knew not to put a market order in a stock cratering like that, so I was sending and re-sending limit orders 50 cents, then a full dollar below the bid, still with no fill. Buy the time the stock halted (still no fill) I was down 9 points. It...

Yeah, you missed the fact that gold stocks are generally anti-correlated to the S&P 500. If you are basing fair value on S&P futures, the numbers you come up with for gold stocks will be meaningless. Not saying a plain old gap fade trade can't work, but that's not the same as opening orders...