Why Nyse stocks ?????

as long as you keep replying, I'll keep asking. OK. It's 9:30 in NY. Are looking to fade the open of your favorite stocks? How do you get started?
 
Originally posted by praetorian2
I do trade drunk about 1/3 of the time. I feel that I have a better feel for things honestly when I'm drunk. The booze really eliminates a lot of the noise. You'd be surprised, but try it. At first I just lost all the time when drunk. Now I seem to have some of my biggest days when I'm hung over. Trading is really easy and mindless. People think way too much into it most of the time. If you're drunk, your gut does the thinking for you. Let your brain take some time off. There are things that are for longer term investing that the brain does much better. But your gut will see the next point much better than most brains.
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Aha! I knew that I would pick up good trading tips from this board! Off to the liquor store I go!
 
Originally posted by tntneo
FPussyC please, I am trying to see what you are bringing to this thread.. I keep looking but..
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At least he's bringing shades of Russ Meyer and that is something.

Elvis
 
Quite a bit earlier in this thread, Moderator tntneo stated that directional trading on the NYSE is more difficult than on NASD.

I am a newcomer to trading, and I would like to make sure I understand what is meant by "directional trading". Also, why is the ease of directional trading different in the two markets?

John
 
Originally posted by gotwals
Quite a bit earlier in this thread, Moderator tntneo stated that directional trading on the NYSE is more difficult than on NASD.
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I can't seem to find where I wrote that.
it is not really what I think.
What is important to point out though is Nasdaq's stocks have usually more volatility than Nyse's stocks. Obviously there are exceptions but on average that's my experience checking them out.
Then with higher volatility it gets rewarding to try directional trading on NASD. Trying it on NYSE is less rewarding and therefore may be much less profitable (because it's harder to maintain a nice risk reward ratio).

back to the original comment, directional trading must be understood within the light of your time frame. You always need a direction favorable to you to make money (!).
what I would call directional trading is when you trade with the majority of the market as opposed to against the majority of the market.

remember, there is not one way to trade and make money. there are probably many and I know several. and you can make money directional on NYSE or on NASDAQ or be non directional on both exchanges too.

tntneo
 
It is easy to find matches.NASDAQ also has never been a problem.If you are looking at a stock that trades by appointment only,on very low volume you will have trouble on NASDAQ. You should look at the volume and take that into consideration.As far as I can tell the Amex is now a low volume joke of jumpers.NYSE you have no bid ask problem but can get low balled.Still much more liquid for low volume jobs.
 
i think it is important to establish a definition of bottom picking. in order to know if someone is bottom picking then we need to know that trader's intended time frame before the trade is implemented. what may be bottom picking for a swing trader can be a text book perfect scalp for another. it sounds to me like some of the bottom picking trades on this thread were not necessarily bottom picking.

also, in my experience, i have known of trader's that have gotten away with murder in regards to breaking sound trading strategies....and some for quite some time. but eventually Mr Market has a way of humbling them and it usually AIN'T pretty!!! i have learned not to be impressed by big $$$ and bigger ego's. my money is on the guy that knows humility and you have to use a crowbar to pry open an opinion from!!!
 
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