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LMAO

What do you mean banks don't always act in the best interest of the long term investor; and they actually manipulate the market??? I refuse to believe such things... :D

BP

You can take the series 7 exam without being a US resident [I think you don't even need a US visa, as you can take it in Mexico City, Hong Kong and other offshore locations]. What you do need, [and it's not easy to come by] is a US broker [NSDQ or FINRA member] to sponsor you...

There's nothing like getting filled on your "fake size"in a single print... And yeah... it sure takes many hours to understand what the players are doing with the bluffs, reseves, hidden liq... etc...

In the level 2 you can see the games the big boys are playing... you can see the expectations of the market... TAS & Charts are history. Level 2 is possibilities.

Social and financial equality is not possible... by definition you can't make everyone rich... However, providing equal opportunities to all is quiet possible [and the American dream...]

"-How to tell if a stock is too "thin" to get in and out of a trade. (Assume I'm trading 1k shares)" Look at the level 2... take note of 2 things, how many shares are displayed, and how far apart are they. do an imaginary trade [paper trade] in the way of a market order for 1000 shares...

Just go to México, get your mexican nationality [those come cheap nowadays] then go back to the states [illegally] and get all the benefits without the taxes. :D

hey... 100-300 is considered big volume in some markets... ...like the CME... lol...

There is no trade-through protection for hidden orders. NMS protection only applies for displayed markets. Hidden orders have to execute inside the NBBO... but they only have price priority within the ECN were they are sitting. [they're not part of the NBBO]

It looks like starting an avalanche was exactly what UBS was trying to do... those guys usually display 100 shares when they want to get filled... All the big brokers play games on the level 2 to get their orders filled... they'll show big size on the bid when they want to sell... or the...

One of them 75 foot yatchs could make a nice floating home... :D

good effort... ARCA reserve has saved my neck a couple of times too...

That sounds like a lot of fun too... did you use Arca reserve to get out? Or did you manually post 200 shares at a time?

Buying 10k shares in a stock priced under $10 is simple... You can print 10k shares at the market on AMD or F without moving the stock a cent. Buying 10k shares on a stock that prints 15k per day... that's complicated.

The Toronto St Clair office is a great place to learn to trade.

Making your profits from adding liquidity [instead of market moves] is not something many traders do anymore... [at least not in swift]. Most traders now a days use liquidity rebates only to reduce their GW fees [not with the intention of making a profit from it]

Yeah, I know the game of credits... I was a credit trader back in the days of Attain and Sub penny shavings... but that game died in 2007 with reg NMS. I'm just surprised that there are some offices still teaching new trainees to trade for credits.No wonder they're struggling...

Shiko, you said: "If guys in Swift did not have their added liquidity they would be toast." Care to explain? btw... you'll probably get much more feed back on your forex trades if you start a new thread in the forex forum...