Search results

Disclaimer: I don't really know that much so take everything I say with a grain of salt. I think the rule is pretty straightforward...if an S&P 500, Russel 1000, or one of the 344 ETFs selected moves 10% or more in a 5 min period it gets halted. I'm going to assume QLD and QID are part of...

lol, you're saying a day trader is going to blow up his year on an FOMC announcement. If you know something is just going to be a coin flip why do you even have a position on in the first place? Just be flat till after the announcement. And even if you did have a position and you were...

It's called day trading for a reason. You're typically flat overnight so as to not be exposed to the "outlier events" that you speak of...and you stand ready to make trades when crazy things happen during the day. I wish there was a flash crash every day, that was real easy money.

You're insane to think you're going to be right all the time. Even the best traders have what...60-70% win rate? Hold one bad position for too long and you can wipe out days worth of profits. It looks real easy...pull up almost any chart and it'll seem like you could have made a few...

Possible? Yes. Probable? No. A good day trader can easily pull down 500 bucks a day, especially if volume and volatility are high...just catch half a point on 1000 shares. Every day 100s of stocks move a point or more, just gotta find one. That'd work out to 10k a month. Few stocks...

This is beyond true. About to throw in the towel on a nearly 2 year day trading career at a prop firm in Chicago. I'm up money 150 of the last 200 trading days but the down days and the cost of trading just destroy my P&L. Factor in the firm taking another 10%, holding 25% for 18 months, and...

Finance major and you have no idea how stocks work? Each share of stock in a company represents a tiny piece of ownership of that company. The total value of the shares, known as market capitalization, represents the public's opinion of the company's net worth. As the opinion of the value...

I know for Cramer and when they bring in certain analysts they flash on the screen (very quickly) whether or not they or their funds or family or whatever own the stock. Maybe it's not the same with Najarian and his options notes but I'd doubt that they don't have some sort of...

It's just weird to me to talk about monthly returns. From my experiences you're either an active trader watching/trading the market on a daily basis, in which case you want to talk about daily returns, or you're more of an investor putting on longer term positions, in which case you you want...

I believe the regulations say any bid or offer you make in a stock is supposed to represent a legitimate intention to buy or sell the quantity posted at that particular price at that point in time. Yes, things can change rapidly and you can pull your order as fast as you want, but for at least...

The more I think about it I guess we're essentially saying the same thing in that you need to constantly be evaluating the risk/reward regardless of where you get in. I would counter that it is much easier to evaluate the risk/reward at the start of a move (a consolidation range) than it is...

Yes, ideally you should look at any trade as if you were flat and make a decision based upon what the market is telling you. Just because something has gone up significantly doesn't mean you should no longer buy it. The stock that just jumped from 20 to 30 could be going all the way to 40, why...

Just remember, no one has ever gone broke taking reasonable profits. Everyone who has gone broke has either held on to winners too long and watched them become losers, or held on (or added on) to flat out losers for too long. If you want to try to be an overnight millionaire, sure, put on...

Haha, your description of the "hedge fund" method cracked me up. The only thing I've found to work for me lately is getting in big at the start of a move and then piecing out of it. If I'm wrong right away and take enough of a beating I just slam out of all of it. If I'm right I might try...

stock777 has stated his stance multiple times. He's against: 1) Co-location 2) Sub-pennying 3) Unnecessary quote activity My opinions: 1) Co-location does seem shady. It's technically not "front running" because they're acting on public information that they're just happening to see...

They're all non profits though. Top schools receive massive (tax deductible) donations from rich alumni. It all goes to hiring new faculty, building new buildings, providing more financial aid, etc. No one, aside from the university's staff I suppose, is making tons of money off their...

Well, it's the only site I know of that gives you the ability to negotiate prices with hotels and what not. I think the thought of getting a good deal brings a lot of people to the site. Once there, even if you don't get a great deal it probably feels like you're getting the best available...

I think the sector may hold up for the short term. During an economic downturn or slump a lot of people lose their jobs and go back to school to gain more skills for when things get better. The whole industry has gotten a boost over the past few years and is still riding off of that wave...

When you enter your order doesn't seem to make a difference nowadays...sure, there is supposed to be time priority, but 9 times out of 10 you're not getting filled unless it runs through your price. It sucks when you've successfully identified a top, sit on the offer for who knows how long...

Hello folks, I am a relatively new day trader (1.5 years) and I was wondering how successful traders go from beginner traders using small size making a little money, to moderate or advanced traders using big size making a lot of money (or at least enough to live off of!) My strategy is...