what is arca,island,etc.

C

congoboy

hello everyone. i am a very experienced trader. i make about 1,250,000 dollars a year day trading. it is amazing. i just buy low and sell high. but i dont understand what this arca or island is. What is it? is it important to me?
 
they are ECN's. Basically instead of marketplace orders being routed to actual market making firms like Morgan Stanley, Merrill, Knight, Wachovia, etc, the orders are routed to an electronic trading network that posts bids and offers, and crosses stock when possible. I believe it's the way to go as opposed to sending your order to a market maker who despite what they say, will still try to bleed every penny out of your order and trade ahead of you.
 
Quote from pdwst33:

they are ECN's. Basically instead of marketplace orders being routed to actual market making firms like Morgan Stanley, Merrill, Knight, Wachovia, etc, the orders are routed to an electronic trading network that posts bids and offers, and crosses stock when possible. I believe it's the way to go as opposed to sending your order to a market maker who despite what they say, will still try to bleed every penny out of your order and trade ahead of you.
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LOL, I can't believe you bothered to answer... can't you tell when someone is putting you on?
 
I'm sorry Piker, this site is called Elitetrader, you dont make enough to meet the posting requirements, therefore you are no longer allowed to post. Good day sir.

Quote from congoboy:

hello everyone. i am a very experienced trader. i make about 1,250,000 dollars a year day trading. it is amazing. i just buy low and sell high. but i dont understand what this arca or island is. What is it? is it important to me?
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Pretty believable thread considering this is your other thread...lol :D

dont think 75USD/day equals 1.25 mil a year, perhaps your high school didnt teach basic mathematics.

Quote from congoboy:

Hi peoples, i from congo(africa). iam 20 year old. I interested in trading stocks. i have high school degree and am working full time at an import/export shop here in khombiasa bumbo, my village. I day trade textiles, cow dung, buffalos, cows, pigs and other commodities with other shop keeprs face to face in my village. I have a lot of experience trading these since i was 12 year old man. i know how to negotiate and get good rate for cow dung and horse fodder. i very succesful at good bargains.

Since i so much experienced, i thought it would be very easy for me to work with a hedge fund in NY. If i can become a hedge fund manager in three months, i could have salary of couple million dollar. i will manage a top hedge fund like maybe avenue capital which has 12 billion dollar asset. if i get 1% commission of that every year, i become billionaire very fast. i know i can become manager within a month and go to top position. I never travelled out my villlage, do u peoples think i will be successful?

i expert in trading commodities. i make over 75US dollar in a day. but i like to trade stocks. do peoples think i achieve my amarican dream?

since i good at negotiations, i can convince rich amaericans to give me money to day trade and make them richer. do i have good chances of making it?
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I guess Colorado must be extremely boring today (no more mud huts to build or something) that Congoboy felt the need to start another asinine thread :D

Quote from TGregg:

His new village is in Colorado, apparently.
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