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    News sources

    I'm looking for an addition or replacement to briefing.com. I'd like to get information on pre-open halts, morning opening indications, and the like. Does anyone know of some web-based sources for that information?
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    Why NYSE market orders SUCK

    I know the feeling, happens to me all the time and why I try to only use marketable limits. But it's amazing the contortions he'll go through to find a way to fill your marketable limit order at the limit price. Where's my "fair and orderly market"? Where's my "price improvement"? You...
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    What good do daytraders do to society?

    Specialists aren't supposed to be day trading their own accounts? Did you read that out of a book? Most of my trades are based on the fact that specialists DO day trade. The most frustrating part of the day is fighting with the specialist for the shares he wants for himself. There are...
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    PDT rules have destroyed me.

    1. I did write a complaint. (They must not have read it) 2. I could really care less because I trade prop 3. I find it interesting how such innane rules and laws can be passed
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    PDT rules have destroyed me.

    It sounds like the NYSE and NASD used the situation to get these rules pushed through. I don't think they proposed the rules in their current form just to appease the wives of some unfortunate daytraders. They are getting something out of this. Maybe it was just to save their asses, and put...
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    How to scope out where other scalpers are?

    Is it possible the market maker is front-running/pennying you? Happens to me all day long on the NYSE.
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    Is THIS what trading's all about ??

    I agree it's your emotions that make you exactly wrong. But how do you free yourself from the negative emotions? Or are you aware of them and just do the opposite from what they tell you? eg. hoping the move will continue means get the hell out.
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    Is THIS what trading's all about ??

    No. I am the worst trader on this board. Lost the last 14 of 20 days. Average daily loss about twice my average win. My trades go one of 8 ways: 1. No fill 2. I get stopped out at the low/high, right before it makes the move. 3. I decide it's not going to move or it's not worth the...
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    Trading is a zero sum game

    The stock market is theoretically zero-sum but functions as non zero-sum. Wealth is created from the perception of value. For example, if the world suddenly sees my dog's toe nail clippings as worth $1000/ounce, where does that money come from? Perception of value. Maybe they cure cancer or...
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    775 Hmmmmmmmmm

    The Dow is only 30 stocks. The Russell is 2000 stocks. But they provide a good sample. The S&P is different. Arbitrage keeps the cash and the futures in line. And since everyone watches the S&P, a smart player could support the entire market just by buying the S&P futures. Meanwhile he's...
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    775 Hmmmmmmmmm

    775 is just the S&P. Look at the Dow or the Russell 2000. Or individual stocks for that matter. We've already broken support.
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    what to do when you're screwed

    I've been there. Very recently in fact. After 7 months of trading like a leaf in the wind, I had two months of living expenses left in my bank account. That's when I finally realized that passive learning doesn't work. You have to WANT IT. I had 2 choices: 1. figure out a way to succeed...
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    How to break through?

    I took a 3 day weekend in the mountains and I think I'm beginning to get it. For weeks, I've been saying "*If* I can trade well, I'll be profitable, etc.". The reason for "If" was my knowledge that I surrender to my variable emotional state. I need to take control of it. It should be: "I...
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    How to break through?

    for your replies. All of you have some grains of truth in there. But I don't want to turn this into my personal psychological sounding board. I'll have to figure it out on my own. I just find it fascinating. Has anyone ever thought that you're not trading price... you're trading your own...
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    How to break through?

    Every time my account turns positive I self destruct. All discipline goes out the window. I start blowing stops, taking trades outside my plan, and not listening to the market when it tells me to get out. Even if the only thing I did was to fix my stop problem, I'd be consistently positive...
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