trader tricks

proptr8r · Jun 5, 2003

What the hell, I'm not trading right now so I might as well share one of the strategies I used. Maybe someone will make some money with it.

I used to set up a scan and only watch size on the offer for NYSE stocks. Size only matter if it would step down every time there was a downtick. This would tell me that it was a large short-seller. Now I could either buy bullets and short in front of the short-seller or wait until that seller was cleaned up and then I would go long for a nice, quick profit. As soon as the short-seller was cleaned up and I made some money on the long side, I would keep my eye out for any strong movement downward because I knew that large short-seller would be back. As soon as he was back, I was shorting in front of him with my bullets.

Does anyone use a strategy like this.

okwon · Jun 6, 2003

I think a lot of prop traders employ this strategy on NYSE stocks.

box · Jun 6, 2003

I don't know if it's a trick or not, but I have noticed when trading stuff like KLAC / EBAY / QLGC that from time to time, there will be an ISLD / ARCA or other ECN, with an odd lot showing, and if it doesn't fill right away, others will soon join at that price. So it could be from time to time 1 share, 50 shares, or any other odd lot could control the price (as opposed to 100 shares). Anyone else notice this?

gotta_trade · Jun 6, 2003

Quote from box:

I don't know if it's a trick or not, but I have noticed when trading stuff like KLAC / EBAY / QLGC that from time to time, there will be an ISLD / ARCA or other ECN, with an odd lot showing, and if it doesn't fill right away, others will soon join at that price. So it could be from time to time 1 share, 50 shares, or any other odd lot could control the price (as opposed to 100 shares). Anyone else notice this?

Sometimes, when I'm long, I will look out the window, and a red car will drive by. Then my stock will rally. Do you think the red car driving by has anything to do with my stock going up?

I don't mean to sound like a jerk. I'm just bring up a point.

Nordic · Jun 6, 2003

Quote from proptr8r:

What the hell, I'm not trading right now so I might as well share one of the strategies I used. Maybe someone will make some money with it.

I used to set up a scan and only watch size on the offer for NYSE stocks. Size only matter if it would step down every time there was a downtick. This would tell me that it was a large short-seller. Now I could either buy bullets and short in front of the short-seller or wait until that seller was cleaned up and then I would go long for a nice, quick profit. As soon as the short-seller was cleaned up and I made some money on the long side, I would keep my eye out for any strong movement downward because I knew that large short-seller would be back. As soon as he was back, I was shorting in front of him with my bullets.

Does anyone use a strategy like this.

Watch the specialists, how is moving (positioning the bid /offer/size) for these large sales or buys. He will position himself to benefit from these orders. If you trade the same stocks you will be able to "read" when these opportunities are setting up. The specialist is your friend, learn how he trades and trade with him.

box · Jun 6, 2003

Sometimes, when I'm long, I will look out the window, and a red car will drive by. Then my stock will rally. Do you think the red car driving by has anything to do with my stock going up?

I don't mean to sound like a jerk. I'm just bring up a point.

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you made me laugh

gotta_trade · Jun 6, 2003

Quote from box:

you made me laugh [/B]

stock777 · Jun 6, 2003

Quote from box:

Sometimes, when I'm long, I will look out the window, and a red car will drive by. Then my stock will rally. Do you think the red car driving by has anything to do with my stock going up?

I don't mean to sound like a jerk. I'm just bring up a point.

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you made me laugh

yeah, but was it .56 of a red car?

lindq · Jun 6, 2003

Quote from gotta_trade:

Sometimes, when I'm long, I will look out the window, and a red car will drive by. Then my stock will rally. Do you think the red car driving by has anything to do with my stock going up?

I don't mean to sound like a jerk. I'm just bring up a point.

You only think it is the red car. In reality, it is the fact that you are looking out the window, and not at your screen. This gives your trade time to move without you cutting it short.

version77 · Jun 6, 2003

Quote from lindq:

In reality, it is the fact that you are looking out the window, and not at your screen.

I live down in the woods. I cannot see any cars. But I do see a lot
of birds in the trees. When the birds start chirping loudly, I know
it is time to buy. When they are quiet, it is time to sell...

Has anyone ever noticed this besides me?