Excellent post. I couldn't agree more.
Don't just trade because you want to make money. Trade because you love it. It needs be your passion. You have to wake up every morning and love...
lilyoung, First I dont trade nasdaq so I may not be able to help. If you are just starting to trade, I would seriously suggest you stay away...
Dogballoon, I will pm you about that.
No? Then where else is a newcomer suppose to go to learn how to trade? I was trained like that but I don't jump in whenever I see a big bid/offer....
I know and I can't stand it. I was so happy in May when it looked like it was breaking out of its dead zone but then it just came right back in.:mad:
Yea I have been doing that lately. I get greedy at times and catch myself sizing up. I have to work on my discipline.
Its not that I have difficulty differentiating chop and trend. A stock could trickle up for 2 points in the afternoon and I will still struggle...
I trade nyse equities by reading the tape and scalp fast movements for 10 to 50 cents. For a while now I can't seem to trade the afternoon at all....
How did I get involved in this? I have no idea who nysekiler or nysekiller is and I don't really care.
fast, A market short is what it is. Someone is trying to short the stock and has to follow the uptick rule. They are easy to spot. I don't know...
I hate when you talk negatively about tape reading. It makes me want to quit my firm and get a "normal" job. :(
fastandfurious, You wrote so much I dont know where to begin.... The situations that you described sounds like bidding on the plus or offering...
We basically do the same stuff that Maverick talks about on this thread. Seriously, Steve told me to read through this thread when I started...
There is still a lot of money to be made trading for pennies. Catching 15 to 20 cents on 1k or more shares is decent money. Do this several times...
Depends on the day of course. I am not too sure how many trades Steve does but I do between 150 to 250 a day. Steve averages around 100k shares a day.
We don't go for points or at least the guys in my group. We scalp for as much as we can get. Usually this is like 5 to 50 cents. I dont know...
A trader in my firm uses a 3, 8, 24 sma crossover along with tapereading. He swears by it but I have never really tested it. I bounced back and...
Quick question regarding reg SHO...come next year will it stay or will it get the boot? Any speculation on what the likely decision will be?...
uuuhhh....whats the difference between the tape and level 2?? I was under the impression that they were the same thing basically. -spxdes
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