I am watching JPM futures right now.
Preprogrammed .50 cent spread, bid and ask move in sync and 20 contracts on both side.
Tell me that isn't some set up to ream some early traders of SSFs.
OneChicago:
3M Company
Alcoa Inc.
Altera Corp
American Express
American International Group
Amgen Inc
* AMR Corp/Del
AOL Time Warner, Inc.
Applied Materials
AT&T Corporation
Bank Of America Corp
Bank One
Best Buy Company Inc
Biogen Inc
Boeing Co
Bristol-Myers Squibb Co...
The PDT rule in itself is stupid. If I want to spend $5,000 at Vegas, what branch of the government is going to hold my hand, smack me on the wrist and tell me I should instead invest in government bonds? No branch of course!
Yet the SEC has the right to tell me, a grown adult (by legal...
It does make you pause and wonder -- one really good hacker getting through the system and somehow being able to post 100,000 contracts at ask -- it could echo outward causing a worldwide economic panic.
I wouldn't be surprised if Al Queda has been looking into something like this. All you...
I know one thing is for sure. They control the government completely so if they FU, they are in some DS.
Too bad that housing / real-estate disaster, combined with JPM's constant lieing is going to toast all the repubicans.
See you on the flip side.
The only analogy I can come up with that fits the pattern of my first few weeks of trading was running, stopping, turning around and charging the bulls while screaming, "You want some of this you fat ass cows!!!!"
Then I said, "ouch" and wised up.
Strap yourself with explosives and carry a sign saying "get rid of the PDT rule!"
Make sure you are carrying a thermonuclear device that is triggered to detonate if you let go -- just in case a sniper tries to take you out.
You will be a martyr for all traders.
It can be used live but only if you can keep an eye on TWS. There is a certain number of steps that can take place to cause a bug, but if it crashes, it will not take TWS with it.
By this weekend I will have a much more improved version.
...
Dottom,
Right on. I agree totally. We...
I agree. Starting threads about other users should not be tolerated at all. I would ask a moderator to just delete this thread so we can get on with trading chit-chat and other things. There is no reason to belittle anyone on this board. That shouldn't be tolerated.
Childish? Am I the one going out on the net and putting people's pictures on the cover of gay magazines? No. Am I the one cruising around trying to dig up dirt on other people? No. Am I the one who constantly says stupid things like, "you have issues with your parents?" No.
Let's look...
Take that market depth, run all the levels you have through a filter that weighs each level and then come up with a moving average of the aggregate difference between ask weight and bid weight and compare it to future trend movement.