Another interesting thing to check out are the SEC 606 disclosures. I'd rather be routed to an ECN rather than a market maker like Citadel who is...
Just my guess but I would think that sitting on the bid with an iceberg would be better than taking from the ask. If you're using IB, I'd also...
I'd agree with this comment. Probably unwise to jump in $100K at a time unless you're asking to get squeezed.
I think everything falls on a bell curve so there are very few absolutes. There are few things which are absolutely impossible, but definitely are...
Call me stupid but I don't get it. Why would anyone back someone who took a 5k account down to 2500?
Profitable for the last 5 years 1. News and event-based 2. Not in an automated way. 3. 100% limit 4. Try really hard to understand your edge...
I'd recommend Interactive Brokers. Ameritrade's commission structure is still good if you're buying in volume, but you do need to put up with the...
With that being said, aggression (not arrogance), is definitely a positive attribute to have in trading. There are so many analogies between...
I don't think aggression in trading is the same as being an arrogant asshole in life. Yeah arrogant assholes tend to be aggressive/persistent...
I like the Jack Schwager books. They're easy reads and I learned a thing or two.
You: "honey, I quit the day job" Wife: "YOU DID WHAT!?!?!?"
Plenty of good stuff has already been said. Just to add a couple of thoughts.. When I was starting out, I certainly had a very limited...
Trading is a closed system, but retail daytrading is not. You're competing against traders at banks, hedge funds, market makers. Basically I think...
Don't mean to rag on you but statements like this really IRK me and make me think you are clueless.
I tend to agree with the main points of the OP. Most traders do fail. If anyone got a real peek at performance of individual accounts of retail...
Which is why stops are generally not a good idea and averaging up or down in a losing position is a better way to go.
Do you think that a successful trader at Goldman would be a successful trader if he left the firm? I think it's a different ballgame trading the...
>Those that want to begin trading as a career should use those steps >above whether u are 40 years old or 50 years old. If you decided not >to...
Gambling for 95% of daytraders
Mr Rajaratnam would beg to differ.
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