get a life.
Trading Expo
- Thread starter Shorteee
- Start date
No Sweat (I'm still up...you guys turned on my engines)
I'll tell you something funny. I tried to cancel the order faster while selling the 3000 lot since I could tell how the order was going out (TOO FAST). But when I tried to cancel, I fat fingered the key and had to re-enter it. By then I only had 600 left. Your right though...I like to place orders in ARCA and show 100 or so. Then, like fishing, I dip my pole in the water to see what bites (selling strength). Today, the rally was sharp while closing the 3000 lot, and the bidding fish eat my bait quickly, leaving me only a little 600 lot left. Most new to trading don't understand the visceral feel of the market by the way your executed, and ARCA lets you test the fish with the reserve book, as I know you already know and understand by your posts.
If you want to come watch us trade sometime, e-mail me and I'll set you up w/ a comp Web-X demo on Thursdays when I trade live for TerraNova customers and interested parties. Its pretty fun, and I like the interplay w/ other traders. My email is dave@marketwise.com.
I got to go now...my wife is getting irritated. She just launched a battery of insults at me for being so boring.
I told her all the insults she delivered to me were true, but because they are true, that is what kept me from getting a better wife! lol!
I'll tell you something funny. I tried to cancel the order faster while selling the 3000 lot since I could tell how the order was going out (TOO FAST). But when I tried to cancel, I fat fingered the key and had to re-enter it. By then I only had 600 left. Your right though...I like to place orders in ARCA and show 100 or so. Then, like fishing, I dip my pole in the water to see what bites (selling strength). Today, the rally was sharp while closing the 3000 lot, and the bidding fish eat my bait quickly, leaving me only a little 600 lot left. Most new to trading don't understand the visceral feel of the market by the way your executed, and ARCA lets you test the fish with the reserve book, as I know you already know and understand by your posts.
If you want to come watch us trade sometime, e-mail me and I'll set you up w/ a comp Web-X demo on Thursdays when I trade live for TerraNova customers and interested parties. Its pretty fun, and I like the interplay w/ other traders. My email is dave@marketwise.com.
I got to go now...my wife is getting irritated. She just launched a battery of insults at me for being so boring.
I told her all the insults she delivered to me were true, but because they are true, that is what kept me from getting a better wife! lol!
David,
Why does TNT charge you (of all people) $15 commissions? Surely you do more than 249 trades per month, and even if you didn't, I imagine you would've negotiated a sweet deal considering the Marketwise relationship.
Perhaps I don't understand the TNT commission structure, but to employ the "fishing" strategy you mentioned where you show 100 at a time seems pretty expensive at $15 + fees. At least you exited your AMGN positions with two large trades.
It just seems paring in and out of positions, a strategy employed by many day traders, with the TNT commission structure will kill any day trader. Just my thoughts.
Why does TNT charge you (of all people) $15 commissions? Surely you do more than 249 trades per month, and even if you didn't, I imagine you would've negotiated a sweet deal considering the Marketwise relationship.
Perhaps I don't understand the TNT commission structure, but to employ the "fishing" strategy you mentioned where you show 100 at a time seems pretty expensive at $15 + fees. At least you exited your AMGN positions with two large trades.
It just seems paring in and out of positions, a strategy employed by many day traders, with the TNT commission structure will kill any day trader. Just my thoughts.
I trade several accounts and this is one of my new ones opened in the school. These commissions were set up wrong in new the accounts dept. They are going to fix them next week and I get charged on a cents/share deal and yes it is a fair schedule. You'll see next week the corrected schedule. Talk to you then...going skiing
Originally posted by David nassar
macal425,
I live and trade in Denver where it is MTN time. That means I traded AMGN at exactly the time indicated. There is obviously a two hour difference. Also, the order book reflects the time on your PC, and this needs reset over days which I don't bother with. I pay attention to the confirms from the clearing firm, so here is a copy. Satisfied?
David
I apologize for putting you on the defensive. My "hmmm..interesting" remark was simply that I was interested in the explanation as I had considered a possible time zone difference but still couldn't do the math. It was not meant to be an attack on your integrity. (Although it would have been a fun thread had you been found to have doctored the result).
Please continue with the postings. They are appreciated.
Wow - sorry I opened up such a can of worms!
David - I see your screen shot - and I fully understand it now - the 10:27 time was the time you originally placed your order - it just happened to fill 2 hours later - that was the screw up - it showed the order you placed at 10:27 filled - it did not show the fill time, but the order placement time. Case closed.
I was never my intention to put you (or anyone here) on the defensive - I was just trying to line up the buys and sells with a chart to see if I could figure out what might have prompted you to buy/sell - aka your methodology.
Tough crowd here, though - I was just trying to learn something!
No need to post your ICS confirms (at least, I don't need to see them)
I'm already signed up for your Webex on Thursday - looking forward to it.
Mike
David - I see your screen shot - and I fully understand it now - the 10:27 time was the time you originally placed your order - it just happened to fill 2 hours later - that was the screw up - it showed the order you placed at 10:27 filled - it did not show the fill time, but the order placement time. Case closed.
I was never my intention to put you (or anyone here) on the defensive - I was just trying to line up the buys and sells with a chart to see if I could figure out what might have prompted you to buy/sell - aka your methodology.
Tough crowd here, though - I was just trying to learn something!
No need to post your ICS confirms (at least, I don't need to see them)
I'm already signed up for your Webex on Thursday - looking forward to it.
Mike
I havent seen anybody lay it on the line as completely as David has. Tony Oz maybe. Don Bright does a good job, too. I was a little put off in the beginning by all these guys but if you dont buy one blankety-blank thing from them there is still a lot of good freebies there. How can you argue with free?
Time to talk markets. I skied all day and feel like I have been ridden like a rented mule, so I'm relaxing a bit playing w/ some charts that I thought I would share.
I posted an earlier chart highlighting the biotech on this thread, but I am going to start a new thread so please go there for a market outlook for next week on AMGN, BGEN and the BBH if you would like to participate.
I posted an earlier chart highlighting the biotech on this thread, but I am going to start a new thread so please go there for a market outlook for next week on AMGN, BGEN and the BBH if you would like to participate.
I attended all three days.
I got a number of questions answered at the IB booth although I don't recall seeing them after the first day. Lost maybe. That Cybertrader is a behemoth.
The Datek booth, my IRAs and backup for years, was great on a whole pile of questions, on just what they stream on Actives, Last Sale, Indices features, etc. They explained just what data was market wide and what was confined to ISLD.
McMillan was the speaker I enjoyed the most. Listening to him made me see what a babe in the woods I am on options. He gave interesting insight on VIX, commented that we are looking now at an "explosive" move. Perhaps others recall that comment ... . I also came away with the impression that he is an infrequent trader ... perhaps a dozen times a year. Anyone recall that? Missed his presentation on options interest as a tell to a potential merger.
I also enjoyed the tax presentation on stage from someone from Tesser's organization though I guess that part of it regarding "trading entities" was over the audience's head. Important point - he confirmed that IRS does scrutinize self employed mark to market electees. Tip - read the book (45$) and see your local lawyer on setting up an entity.
There was little hardware there which I had hoped to get some ideas on.
Meta was over my head. I'm down to Qcharts, esignal, maybe S & P, all very informative presenters, as to who I will use for a feed.
Show Steals - for me - A subscription to Futures mag for 9.95. And, of all things, SmartMoney.com's "Market Map 1000" which a young woman sold me in a second at that booth. This is an inexpensive, dynamically updating "heat map" of the market by sectors, stocks, etc. I hope this this will end my waiting to hear or read from others what's hot intraday.
Especially sorry that I missed Messrs. Bright, Oz and Nasser.
Geo.
That was some bitching go-kart that ARCA sponsors!
I got a number of questions answered at the IB booth although I don't recall seeing them after the first day. Lost maybe. That Cybertrader is a behemoth.
The Datek booth, my IRAs and backup for years, was great on a whole pile of questions, on just what they stream on Actives, Last Sale, Indices features, etc. They explained just what data was market wide and what was confined to ISLD.
McMillan was the speaker I enjoyed the most. Listening to him made me see what a babe in the woods I am on options. He gave interesting insight on VIX, commented that we are looking now at an "explosive" move. Perhaps others recall that comment ... . I also came away with the impression that he is an infrequent trader ... perhaps a dozen times a year. Anyone recall that? Missed his presentation on options interest as a tell to a potential merger.
I also enjoyed the tax presentation on stage from someone from Tesser's organization though I guess that part of it regarding "trading entities" was over the audience's head. Important point - he confirmed that IRS does scrutinize self employed mark to market electees. Tip - read the book (45$) and see your local lawyer on setting up an entity.
There was little hardware there which I had hoped to get some ideas on.
Meta was over my head. I'm down to Qcharts, esignal, maybe S & P, all very informative presenters, as to who I will use for a feed.
Show Steals - for me - A subscription to Futures mag for 9.95. And, of all things, SmartMoney.com's "Market Map 1000" which a young woman sold me in a second at that booth. This is an inexpensive, dynamically updating "heat map" of the market by sectors, stocks, etc. I hope this this will end my waiting to hear or read from others what's hot intraday.
Especially sorry that I missed Messrs. Bright, Oz and Nasser.
Geo.
That was some bitching go-kart that ARCA sponsors!