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bullets getting shot
- Thread starter burnin
- Start date
Quote from dafugginman:
gr8trader just sent this out this morning
"Effective immediately married put transactions & conversions are suspended pursant to SEC Release on 11/17/03. SEC Memo: http://www.sec.gov/rules/interp/34-48795.htm"
I never use them but I empathize. After they got rid of boxes way back in the day I said I would never get dependant on a loophole. Plenty of money to be made without them though that is a fact.
Even if you don't use them it still effects the action of a stock a great deal. Most of my trades were dependent on crossing the market on ECN's which so far this morning has been damn near impossible. Can someone try and explain why the SEC would do this? Just trying to phase out DT's, try and force a Bull Market? I udnerstand the skirting of the short sale rule, but its not like DT's kill the freakn stock, we just go along for the ride. The only thing I see it doing is killing pro firms, DT's, liquidity and volume.
Circumstances have been fluid as long as there has been markets. Winners ALWAYS find a way.
Quote from sdtrader:
Even if you don't use them it still effects the action of a stock a great deal. Most of my trades were dependent on crossing the market on ECN's which so far this morning has been damn near impossible. Can someone try and explain why the SEC would do this? Just trying to phase out DT's, try and force a Bull Market? I udnerstand the skirting of the short sale rule, but its not like DT's kill the freakn stock, we just go along for the ride. The only thing I see it doing is killing pro firms, DT's, liquidity and volume.
Not arguing, just sharing. When I trade Nasdaq you can always get short pretty much whenever you want with ARCA, downtick and all. For listed I know it must suck much more, but you can get short shit just not for pure daytrading type moves got to have a little longer term prospect now probably.
Quote from SocalTrader:
Not arguing, just sharing. When I trade Nasdaq you can always get short pretty much whenever you want with ARCA, downtick and all. For listed I know it must suck much more, but you can get short shit just not for pure daytrading type moves got to have a little longer term prospect now probably.
I talked to some traders that are at Barkley Trading and they seem to be using bullets this morning...What gives
m
How are hege funds going to adapt? A fund like SAC that derives over 90% on daytrading is going to be severely impacted.
This will undoubtedly have an affect on Program Trading, which will have an affect on the ebb and flow of the S&P futures.
This will undoubtedly have an affect on Program Trading, which will have an affect on the ebb and flow of the S&P futures.
Quote from SocalTrader:
Not arguing, just sharing. When I trade Nasdaq you can always get short pretty much whenever you want with ARCA, downtick and all. For listed I know it must suck much more, but you can get short shit just not for pure daytrading type moves got to have a little longer term prospect now probably.
No I know what you are saying. I can still get short, but I haven't been able to get anything above 1500 shares so far and it has been much harder to get. With Bullets I can cross the market .10 and watch the idiots pick me off when the stock is going to move .50. If things stay like this....its going to be much harder for those easy picks...and the stock will simply not move the same. I hear ya though...we will figure it out. Somehow......