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Comfut, glad to hear your seeing through the bad advertisement on the NYOB. best, Oliver

Dr explode, a very simple way to play options is with breakout stocks hitting new highs, but first confirm its in a good (hot) index. One of the ways I choose is by starting with the hottest index for the month, this can be found via any brokerage firm (I happen to use E-Trade and...

here a suggestion, as I swing trade (last fifteen years), if your method of holding between 1-5 days is perfect for option trading. I would suggest becoming more familiar with options, buying calls and puts is a great way to leverage on short term swing trades. This has worked for me and...

in my fifteen years of trading, i have come to the conclusion that the NYOB is worthless, not only worthless but deceiving. Why would someone want to advertise what they plan on doing? It doesn't make sense and hence the reason it doesn't work. It's a tool for small investors to get screwed...

Hydroblunt excellent post. Please let's not make assumptions, about everyone's trading styles, as I am new to Elite trader boards, I have over 15 years experience trading, (newbie comments) Since the start of the year I am currently up 20%, with a combination of swing and scalping style. I...

I'm very surprised where this thread has gone, started as an initial observation on the NYSE specialist, has gone to personal attacks on the most informed trader on this board (Jim), as used real examples to substantiate his observations. I still have yet to see somewhere state in clear...

Jim, congrats on having the resolve to stand by your opinions, I wholeheartedly agree with you and have seem similar discrepancies from the NYSE (especially when it comes to fake quotes and fake sizes), all of which a typical trader uses to enter or exit a position, Why anyone would disagree...

Jim, Great posts and excellent use of real examples on how the traders/ investor is facing an uphill battle with the specialist. Don, a world without a specialist would definitely make for a fairer playing field (traders will always have a different approach, shorts, longs, overbought...

great article Jim, this thread was started as observations made over the last few months, however I wasn't aware there were arrests made early last year. It's amazing that the specialist would still be up to the same shenanigans, you would think they would have learned or are we just that...

This thread was started as an observation of actual events drawn from observation (this is not a bitch session or an anti-specialist rant), just an observation. If some are upset by sharing the experiences of our trading, tough luck thats the real world of trading and if the specialist is...

Joey, goog, aapl, are extremes, try X (US Steel) on the NYSE for volatility. Nasdaq is a much better playing field for scalpers, NYSE revolves around a greedy specialist (maybe not all, I've seen some decent stocks that refresh very quickly and don't have hidden orders (don't show up on...

for those scalping te NYSE is not a great place, sure if your carrying positions overnight or swing trading, ticks won't mean much. Maybe I should have renamed this post, specifically for scalping traders. If you don't scalp its hard to understand why your blocked out when a stock has a run up...

this is my third day of observing, tick by tick how shares are not available when stocks surge. Ford was mentioned earlier, unfortunately it isn't one that I follow, but will put it on my list. I'm not bashing the specialist, I am making a clear observation, and if its outright crookery...

I observed something today that confirmed my beliefs on how the specialist outright block traders from getting into stocks that are prepared to make a move. While viewing the NYSE Open Book, the specialist routinely shows 1 (100 shares) on the size for the ask and then prints 30-40 cents up, I...

for those who can claim success in trading, does anyone have a similar rule of tight stops. For the others that trade (intraday, swing, or invest) can one succeed with this scalping style?

wow, thanks for all the feedback. MC I wasn't aware of the 5 second refresh and that can explain alot of the nerves and showing of 1 (100 shares) on both sides , bid and ask from the specialist. The other thing I have attained from the few months of staring a the OB is how the price can go up...

I came to a day trading firm with 5k, I generally trade this 5k, with 100k bp using scalping plan utilizing the NYSE open book . This hasn't worked out very well. Although I'm flat, the commissions generated is becoming too much. The second account is via TD Waterhouse and I use swing...

I have two plans, one is a scalping plan utilizing the NYSE open book for a daytrading firm. This hasn't worked out very well. Although I'm flat, the commissions generated is becoming too much. The second plan is a swing trading style, this has been amazing and have come close to 50% in...

the stop is not actually placed, its a matter of stopping a small loss from getting to be a bigger loss. They employ a scalping technique that seems not to work. All of the work and I usually end up flat for the day.

are there better stocks that follow the NYSE OB, I found some stocks suck as AMD and STK too thick to gauge large orders, on the other hand there are some thin stocks, especially the gold FCX and NEM are thin and don't follow the OB large orders. thanks for all the feedback.