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I think in a dull market (e.g. doldrums in a day), it's easier for the MMs to create false breakouts to take out those stops. Time is usually around 11:30 am - 1:30 pm (E) or so. But not always. During those times, I usually fade the price spikes. I am no market market. But if I have a...

FYI: That's a DA lady. What you described... the advantage of someone - market makers - who can see the order book that includes all the stop orders! Imagine that! It's a ticket to print money.

I would add a max lifetime loss too. Maybe $10k, $50k, whatever it maybe. A hardstop for you. If you lose that much... STOP. No more trading. Take some time off. Rethink. Trading may not be for you. Trading is not for everyone. But... traders are cats. We have 9+ lives. If you...

You should hire NoDoji as your drill sergeant xdiesel123x. She will whip you to obedient. :p Congratulations on your 3000+ posts ND! xdiesel123x you should search through her past 3000+ posts for some gems in learning to trade.

It is interesting that a one-liner question generated 37 pages of comments. And the OP had never followed up since the starter.

You trade naked? You don't use stop orders???

You just started out. I want to make 2 suggestions for you. 1. Don't try to catch anything that moves. Some trading schools - Online Trading Academy included - teaches to scan, scan, scan the market for "movers" to trade. But there are dangers in these waters for beginners. Often times...

It was using Schwab's own "SmartEx" Smart Exchange route. They don't let us route orders to ECNs directly I don't think. Can't remember. It's been a while. The time was January 2008, not 2009. Sorry. So it was 2 years ago. My trading: I make most of my living trading the openings...

Pristine announced the return of Paul Lange. Lange has been Oliver Velez's lieutenant at Velez Capital/Team Trading/whatever-it-has-become-now. I like the classes done by Lange than by Velez. Less snake oil. I think Pristine would be a better home for Lange than what Velez could ever...

Townsend charges something like USD$260 a month for the platform fee. Usually your broker would rebate you that platform fee if you do X number of trades per month. Different brokerage firms have different arrangements. I use "mastertrader.com". I like them. www.mastertrader.com...

I concur with that. TradeStation has its own problems. I did experience a couple of outages in the past 2 years that I have used it. Lucky for me I don't trade too actively with TradeStation so the impact to me was not big. Every trading platform hicks up once in a while. Especially...

I liked the Cyber platform. But I think Schwab had turned them into shit. And I am not afraid to speak out loud on it. Here's some of the experiences that I posted: quote: 03-11-10 11:25 AM Cyber was my personal favorite. Until Schwab bought them out. Now it is marketed under the...

The spread for SPY is usually only 1 cent. If you can your mind and immediately dump the stock, you should be able to get out 1 cent lower. $10 for 1000 shares slippage plus commissions. SPY is pretty thick. Trading about over 150 million shares a day these days. Other ETFs... they are...

Who had gotten the IPO on Netscape? Or The Globe.com? Those were tickets for printing money. Remember some of the ridiculous TV commercials during dotcom days? A personal helicopter landing in your front yard to pick you up? A truck driver (driving a tow truck because he just likes...

The depth of market display in the futures market is equivalent to the Level-2 in the equity market. Level-2 was first offerred to retails around 96/97 I think? Something like that. You see the "depth" by seeing the price and number of shares posted by each market maker and ECN. ECN wasn't...

Cyber was my personal favorite. Until Schwab bought them out. Now it is marketed under the name StreetSmart Pro by Schwab. Order execution and cancellation very bad and slow. I got killed trading the opening with it and since dumped it. What a horror to see you can't cancel an order or...

I am out of here. Good day / good night. I need to practise talking to a mule. In circle.

One thing for you to consider, Hardo: Trading for a living takes a lot of work. I really mean it. The 6.5 hour window where the market opens is not enough. You need to prepare before the market opens and review how it went every trading day. You may think of it as a 40-hour workweek...

crgarcia: it is not enough that you start those clueless one-sentence assertion threads every now and then about the harm of trading. Now that you come and downright insult people for wanting to trade. Shame on you! You have no class.

I am not sure on trading this on a longer term. But on an intraday basis, I always short the weak stocks compared to SPY. (e.g. GS, AAPL, RIMM). If I see SPY moving up and AAPL is very sluggish, and not moving up much, I would wait until I think SPY would top out and is about to reverse...