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Did anyone notice? This drop in the stock market started the moment it was announced that two NYSE seats sold for $1.3 mil, down around 30% from the previous trade. Makes me wonder if there is a strong message here about the market. Slim

It's not the NASDAQ that inforces NASD RULE 2520. It's the brokerage houses. If you make more than 3 day trades in a week, with US broker, you will meet the requirements of a "pattern day trader". And they should inforce it no matter where you live. No one is forcing you to trade on...

A friend of mine used to trade there, some years ago. I can't say I know much about them now.

I find that most traders struggle when trading in multiple methods. The problem is that day trading and swing/position trading use different analytical parameters and even vary in tool sets. Only very experienced traders can move between paradigms. New traders struggle enough trying to...

I think it is very difficult to dance between many different methods. The problem is the markets change character so often that you have to keep guessing and second guessing which method to trade and whether your in the right one at the time. The two easiest markets to identify for the...

Ken, Your point is very well made. I appreciate when a person can express themselves in the intelligent manner you did here. I learned from your post. Thank you, Slim

How is the offer of a free workshop that may benefit traders on this site considered spam? SPAM is unsolicited mass emailing. Anyone on this site is here to share information. Anyone who goes to this workshop has the choice of participating further in any of their offers, or not. I...

Murray, Thank you for your kind words. The statement you refering to reads; "It's how the markets differ from these ideal cycles where the messages come from." In my judgement, this is the basis of cyclical analysis. Idealized cycle patterns are equal in time from low to low and have...

No, I do not know how the distributer will handle that. I know it is supposed to be national. Slim

Not in the form we have them now. I can't see them losing their fanchise, however. The NYSE will figure out how to help the specialist maintain income... It might mean fees go up for online trading. Slim

This is actually the first month the magazine is on the newstands. It has been published for over 2 years with a subscribership of over 100,000. You can subscribe at www.sfomag.com Thanks, Slim

Echo is a good company. I'm assuming you are a series 7 and get great use of your funds. That more than covers the difference of getting 1/2 cent rate with no cap per ticket. If your size goes up, you can switch to a firm that charges $9.95 a ticket for unlimited shares. You'll get 4 times...

Scientist, Excellent reply. It sounds like you are a very nimble trader. And yes, for a scalper or an arb in the e-mini market, the depth of the market is very important. My reference is about overall market trend that goes beyond a few moments. Slim

I disagree with this. It is true that many of these large orders in e-Minis get pulled. It is not because the orders were placed with intent of creating a false sense of market direction. Much of the success of this contract has come from the huge amout of arbitrageurs that have set up...

During the first 6 months of my trading career, back in 1974, my mother asked me to quit and sell my CBOE seat several times. My father and very close friends believed in me and supported me. I had borrowed 35K from the bank to buy my seat, with their signature, and had gone through nearly...

This question is very complex and would take discussion well beyond the reasonable use of this forum. The one personality trait that is universal for to all successful traders is adaptability. That coincides with my previous discussion on whether it's the trader or the system that makes a...

I spent 17 years on the trading floors. Most of my career was spent on the floor of the CBOE. However, I was a member of the MERC and the CBoT. I spend the Majority of my time in the OEX pit. I traded bonds, bond option, soybeans, corn and S&Ps on the futures floors. I left the floor for...

Friendships/support is critical for the success of a trader. That starts with spouse/significant other and includes fellow traders, friends and family. It's amzing how even a trader in a pit with 200 other traders can feel isolated. I'm a strong advocate of personal growth work and...

I have no problem with multiple strategies, yes, as components of an entire portfolio. My experience is that only the most seasoned traders can execute this successfully. Most commonly, when one aspect of the trading goes wrong, everything does and the trader has to sweep clean and start...

I agree, mostly, with dbphoenix. As I said in an earlier answer, the trading style/method has to fit the trader's personality and financial condition. The only way that a backtested method can be executed to reflect past results is if it is traded by an auto-exectution system or by a...