SEC may Reinstate Uptick Rule

[operator]

Quote from listedguru:

Barney Frank says uptick rule coming 'soon.'

http://www.marketwatch.com/news/sto...x?guid={54251552-13B2-4F70-AA8B-DA31C4F66E1F}

-Guru

Equities are slowing dying by 1000 cuts. SEC raising their fees, now the uptick rule. This will have a affect on most day traders, better learn how to set up the short blast key...

 

[Anaconda]

Quote from operator:

Equities are slowing dying by 1000 cuts. SEC raising their fees, now the uptick rule. This will have a affect on most day traders, better learn how to set up the short blast key...

Ok I agree with you for the most part, but why are you crying about the uptick rule? Are you really an equities daytrader or just a poser?

This thread is laughable, as 99% of the commentary is nonsense.

 

[operator]

Quote from Anaconda:

[Bbut why are you crying about the uptick rule? Are you really an equities daytrader or just a poser?

This thread is laughable, as 99% of the commentary is nonsense. [/B]

ok, big shoot. you tell me how you are going to get short now with in a few secs if price is falling fast? a lot of the daytraders are momentum traders.

i moved from equities to futures and forex awhile back. so i don't have to deal with this nonsense anymore. i was just giving my .02.

 

[bears21]

Quote from operator:

ok, big shoot. you tell me how you are going to get short now with in a few secs if price is falling fast? a lot of the daytraders are momentum traders.

i moved from equities to futures and forex awhile back. so i don't have to deal with this nonsense anymore. i was just giving my .02.

cross with arca

 

[DeeDeeTwo]

Quote from bellman:

How do you know? Do you own a casino? My reckoning is that casinos aren't run as efficiently as you think.

I don't appreciate the analogy because markets are beautiful, predictive entities, and casinos are just shiny, ugly places.

The only part of the casino that really is a market is the sports book, and as a market they are HORRIBLY INEFFICIENT.

Have you ever tried sports betting for a living?

It's MUCH more difficult than trading...
Vegas sports books are MUCH more "efficient" than the NYSE.

I know... I've done both for a living.

 

[bevo96]

Quote from DeeDeeTwo:

Have you ever tried sports betting for a living?

It's MUCH more difficult than trading...
Vegas sports books are MUCH more "efficient" than the NYSE.

I know... I've done both for a living.

LOL. Vegas is only efficient because:

1) The quote a 5% spread around "theoretical".
2) They rig the games.

 

[Roman Candle]

Wasn’t the uptick rule in place during the tech crash? I don’t think it’s going to make that much difference.

 

[sprstpd]

Wait, wasn't shorting made illegal on financial stocks at one point recently? Wait, what happened to the prices of those stocks after shorting them was made illegal? I forget. Hmmm.... if shorting was illegal and the financials got HAMMERED when you couldn't short them, well I'm sure the uptick rule would have helped out! No wait, the uptick rule makes shorting more difficult but actually shorting was illegal and stocks still went down! Confused

 

[Anaconda]

Quote from operator:

ok, big shoot. you tell me how you are going to get short now with in a few secs if price is falling fast? a lot of the daytraders are momentum traders.

i moved from equities to futures and forex awhile back. so i don't have to deal with this nonsense anymore. i was just giving my .02.

When I started daytrading with a LLC group under a prop firm, the whole group was taught to trade off the uptick rule. Back then, it was all about bullets, which Even when SEC got rid of bullets, with their regular periodical screwjob aimed at the prop & retail daytraders, there were other tricks. ECN crossing was a good one, it was not as reliable but it was cheap.

Uptick Rule=Innefficiency=Trick=Opportunity

 

[Angrycat]

Anaconda,

You kill me. Everything you say is true, but the way you put it gave me a much needed laugh.

Thanks.