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Trading with a NYSE floor broker
- Thread starter UpstairTr8der
- Start date
Problem is these posts are getting off topic.. Stick to the discussion, or go to chit chat.
P.S. No one cares about your nuts.
P.S. No one cares about your nuts.
Quote from Cluseau:
Keep looking then. My math teacher in ohio comment was rather amusing. And, how did you know my nuts are numb? Problem is realizing you are sitting on them. Thanks for the reminder!
Do you ever get smoked bad on these trades?
Looks like the pressure to take the trade is even higher then trading screen.
3 looks and a trade,
"Do you want to buy?"
Thats almost like a demand "You better be buying after i got you so many looks " hehe
Do you ever feel pressured when trading this?
Or do you first look for the setups, then get the looks.
Or are your setups the looks (not likely)
Looks like the pressure to take the trade is even higher then trading screen.
3 looks and a trade,
"Do you want to buy?"
Thats almost like a demand "You better be buying after i got you so many looks " hehe
Do you ever feel pressured when trading this?
Or do you first look for the setups, then get the looks.
Or are your setups the looks (not likely)
I normally look for set ups and try to confirm them with looks - this give me more confidence in the trade and my position naturally.
The floor brokers don't really care what kind of trade I do with them as long as I send them trading volume - So i have found riskless break even trades that just generate commission for them and pay for my looks. So this way its pretty safe - I don't feel the pressure.
The floor brokers don't really care what kind of trade I do with them as long as I send them trading volume - So i have found riskless break even trades that just generate commission for them and pay for my looks. So this way its pretty safe - I don't feel the pressure.
ME (9:34:42 AM): BYD?
Floor broker Update #1 @ (9:37:02 AM): byd; couple of sellers now , meriil and bs working 30k for sale combined - (9:37:14 AM): opened @ .50 too rich
ME (9:37:38 AM): what does too rich mean?
Broker (9:37:57 AM): they opened it too high - overbought
Update #2 @ (9:39:48 AM): byd ubs and lxe working 30k for sale combined, scattered buyside
ME (9:48:07 AM): any more sellers in BYD?
Broker @ (9:48:19 AM): ill check
Update #3 @ (9:50:45 AM): byd; .97 low on 10k is susqehanna, $46 low on 25k is helfant - no real buyside.
I managed to get short intially $46.25 avg price and getting out my avg was $45.70 avg price
Floor broker Update #1 @ (9:37:02 AM): byd; couple of sellers now , meriil and bs working 30k for sale combined - (9:37:14 AM): opened @ .50 too rich
ME (9:37:38 AM): what does too rich mean?
Broker (9:37:57 AM): they opened it too high - overbought
Update #2 @ (9:39:48 AM): byd ubs and lxe working 30k for sale combined, scattered buyside
ME (9:48:07 AM): any more sellers in BYD?
Broker @ (9:48:19 AM): ill check
Update #3 @ (9:50:45 AM): byd; .97 low on 10k is susqehanna, $46 low on 25k is helfant - no real buyside.
I managed to get short intially $46.25 avg price and getting out my avg was $45.70 avg price