Adapting to the Hybrid

[TraderClk]

Quote from trade4succes:

reg nms

?

 

[eusdaiki]

Regulation NMS won't do us any good until they implement the damn thing.

 

[traderyin]

Quote from eusdaiki:

Regulation NMS won't do us any good until they implement the damn thing.

SEC creates rules and regulations, but they hardly enforce it. I'm wondering where all these SEC fees went! Because they sure took a sh*tload out of my account!

 

[eusdaiki]

True... I pay those useless bureaucrats no less than $20 a day...

 

[mnx]

Quote from eusdaiki:

True... I pay those useless bureaucrats no less than $20 a day...

$20 a day????? must be nice... I have tons of days where I give them over $1000... and for what?????

-mnx

 

[Blue Thunder]

Quote from monistat7:

the days of scalping 5K or 10K lots to make 25 cents are over.

well you could still try and do it but if you wrong, you are going to get ass raped.

i am holding positions longer and sticking to my original entries and exits so i catch bigger moves. more 30-40 cent moves rather than 10 cent moves but i find it too thin to take more than 500 shares most of the time.

How much risk are you taking when you enter the trade and hold it out for a bit longer time frame? 10 cent, 15 cent risk?

 

[Blue Thunder]

Quote from rjv27:

FYI - NUE went hybrid today.

When the SHO program came out a lot of people complained about it (including myself). But now it is the only stocks I trade. Good traders will figure something out, I've already seen a few new tricks.

I'm starting to trade SHO stocks a lot now, but I find them harder to read. When you trade SHO stocks how much risk are you taking as a rule of thumb (5 cents, 10 cents) and what would be the most risk per trade you would take? Also, do you scale in and out of the position or is it a one shot deal?

 

[Don Bright]

Quote from Blue Thunder:

I'm starting to trade SHO stocks a lot now, but I find them harder to read. When you trade SHO stocks how much risk are you taking as a rule of thumb (5 cents, 10 cents) and what would be the most risk per trade you would take? Also, do you scale in and out of the position or is it a one shot deal?

Since so many of our top traders trade correlated pairs, the SHO has really helped us out. We don't have to wait for upticks, which allows us to enter either long or short side first. Profitability and ease of trading has improved considerably.

Don

 

[stock777]

Quote from Hydroblunt:

Not for everyone. But I watched traders quitting & giving up when bullets were banned. Some simply could not evolve beyond the gimmick, others simply felt the market was no longer worth it, better stuff out there.

I wasnt a huge bullet trader, but its not fair to call it a gimmick. It was an edge.

Trading with an edge is required. Few of us are genius, though from the claims made on chat boards there are approx 10,000 traders making 6 figs + , and barely breaking a sweat to do it.

 

[eusdaiki]

Quote from Blue Thunder:

I'm starting to trade SHO stocks a lot now, but I find them harder to read. When you trade SHO stocks how much risk are you taking as a rule of thumb (5 cents, 10 cents) and what would be the most risk per trade you would take? Also, do you scale in and out of the position or is it a one shot deal?

If you´re trading the higher liquidity, less volatile ones that are already on the hybrid market... like, DIS, GLW, or PFE... you can set your stop as low as 2 cents... the excecution is very much like NASDAQ.