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It was an example Mr know it all. I trade rds.a frequently and I watch for currency risk. Same as when I trade bhp I watch Aussie dollar. Do you feel smart for attacking a generalized statement. Trader almighty knows what currency risk is, lol.

If you mean for imbalances or gaps.....Nasdaq imbalances work but only flash for a second so you will need to write software that captures them when they flash. They are litterally posted for 1 or 2 seconds. As far as gaps I just put LOC orders in. Good Luck today

What are your credentials sir? Were you using a standard abacus or was yours digital?

If I have Bloomberberg, Dow Jones and Trade the News and you have yahoo for news, THATS AN EDGE. If I have software that keeps bids and offers above and below the market for 1000 stocks with one single mouse click and you enter your orders one at a time manually,THATS AN EDGE. If I pay 3 tenths...

Well said

Are you and your associate also willing to do a lot of research grunt work? 4 or 5 hours a day outside of market hours gathering data, back testing and reading. What are your backgrounds? Do you have any programming skills? We are always looking for hard workers.

Russell Reconstitution = Free Money Its getting tamer but still lots to be made. My opinion is the index funds that track the Russell try to buy and sell as close to this day as possible to minimize tracking error. However there are the stocks that are illiquid that may have a lot of shares...

Do people really post p&l journals on here and how do you know they are real? I barely have the time to spend with my family and do my own research. I would think only someone paper trading and trying to sell a system would be posting a p&l journal. Those who cant do talk and those who can do...

I read somewhere that if you are a trader and have been making a living for atleast 10 years doing so, then you are among a group of only 2%.

Yes every trade is new and unique, but set ups reoccur daily. Similar situations occur everyday and the details change. A trader blows his account out because he doesnt have a valid blowout point. I dont see the value in your post. If you are a trader that shoots from the hip and piles on a...

If you have a blowout point and stick to it, the market cant get into your head. Youre just trading the number.

Leveraged ETFs: A Value Destruction Trap http://seekingalpha.com/article/31195-leveraged-etfs-a-value-destruction-trap

Connect the dots, and you will realzie a real edge is the most important thing, and a lot rarer than people imagine [/B] This is true. I would add that the disciplines of planning and executions are vital as well. When I started trading I sat next to a very successful trader (a few million...

Not true. As a day trader your biggest edge is maneuverability. You are able to get in and out and in, unlike the big boys. Look for strategies that you can use this edge.

Hands down the best trading book I have ever read (and I read a lot) is..............................drum roll...........................Trade like a hedge fund by James Altucher. I use most of the strateies and they work......but shhhh dont pass it on.

That makes sense but didnt have any data less than 10 minute. Guess I'll buy some and figure it out. Thanks for the help. Good trading. Jason

You can use TAQ in 10 minute interval. See attachment. Thanks Custom TAQ Custom TAQ allows you to view an extract or summary of trading activity (sorry, quotes not yet available) for specific symbols and time periods. To create your custom report, make your selections below: 1...

I purchased TAQ data. The Data is all markets from premarket trading to after hours. I think I figured it out by looking at the prints. I think it is 9:40 data for 10 minute is 9:30 to 9:40 data. I searched the vendor website and couldnt find anything. I also sent them an email and read the...

I ordered historical price data for some stocks from nyxdata.com and I dont understand it. Basically I got 10 minute price data and I dont know if they are giving me the last price for right at 10am or is it an average price. Is it the price from 9:50 to 10 or 10 to 10:10? Appreciate the help. Jason