Don's Openings and More for 2006

Status
Not open for further replies.
I have no ideas what you guys are talking about. can anyone give me a tutorial? or a link to help me undertand what you guys are doing? I am a tradre wanna be.

After reading some MSG in thsi threads, my impressions are that you guys only trade for openning, maybe gap up or gap down stocks, and maybe because the speciaist is inefficient, but how does this really work?
 
Quote from freewilly:

I have no ideas what you guys are talking about. can anyone give me a tutorial? or a link to help me undertand what you guys are doing? I am a tradre wanna be.

After reading some MSG in thsi threads, my impressions are that you guys only trade for openning, maybe gap up or gap down stocks, and maybe because the speciaist is inefficient, but how does this really work?
More...

willy

start reading from the beginning...

lots and lots of info...

when your done with this thread you should havea pretty good understanding of what the opening trade is all about...
 
hi Don - a slightly off topic question - from your website:

Before choosing any Firm, and putting your own money OR valuable time at risk, be sure to ask for this basic information:
1. Financial Statements (Don't ever go into business with anyone who won't share their balance sheets with you!).
2. Clearing Firm affiliations. Be sure that the Trading firm is aligned with solid Clearing Firm(s).
3. Exchange memberships. Be sure that your chosen Firm is a member of a Stock Exchange and has it's own Broker Dealer.


i'd like to understand why you view Exchange Memberships as particularly valuable (i am not arguing with this) - i also wanted to know why Bright requires Series 7 upon joining, is this because you are a broker dealer with the Chicago stock exchange? - i had series 7 & 63 about ten years ago, so my knowledge is a bit rusty. thx.
 
Quote from fader:

hi Don - a slightly off topic question - from your website:

Before choosing any Firm, and putting your own money OR valuable time at risk, be sure to ask for this basic information:
1. Financial Statements (Don't ever go into business with anyone who won't share their balance sheets with you!).
2. Clearing Firm affiliations. Be sure that the Trading firm is aligned with solid Clearing Firm(s).
3. Exchange memberships. Be sure that your chosen Firm is a member of a Stock Exchange and has it's own Broker Dealer.


i'd like to understand why you view Exchange Memberships as particularly valuable (i am not arguing with this) - i also wanted to know why Bright requires Series 7 upon joining, is this because you are a broker dealer with the Chicago stock exchange? - i had series 7 & 63 about ten years ago, so my knowledge is a bit rusty. thx.
More...

Exchange members are Broker Dealers, many firms are just "introducing brokers" and have little or no financial investment in their own trading firm (many have started with $5,000 of their own money, and then pull in money from traders). Exchange members don't have to bother with NASD membership, a costly and un-needed piece of extra overhead.

Series 7 has been a requirement since around 1999 to trade virtually anywhere where you can enjoy use of the Firm's capital (there are a couple of firm's that get around that requirement at this point in time, but I think that will go away soon). Series 7 is a way to distinguish between "professional" and "retail" traders (per the regulators, not my words).

Things change, but we do our best to stay ahead of the regulatory curve and keep our "squeaky clean" reputation.

Don
 
Status
Not open for further replies.
Back
Top