Can you place orders before the market opens? (newb question)

Discussion in 'Order Execution' started by Vel, Nov 8, 2002.

  1. I don't even have to show him my statements. He believes me when I tell him how much I have made. But he thinks it's just a fluke, that sooner or later every daytrader blows up and loses more than what he has ever made.
    #41     Nov 9, 2002
  2. I do it to make money. It's just more difficult to succeed at doing that with negative attitudes being thrown in your face by the people who should be most supportive to you. That's why I say it's better to just do it and not discuss it with those people.
    #42     Nov 9, 2002
  3. vel, my single most important piece of advice is: sharpen up your burger flipping skills. having a pleasant sounding "would u like fries with that" also goes a long way.
    #43     Nov 10, 2002
  4. And if they don't they make it pretty clear.

    Here are some really basic newbie tips:

    1. Search ET for the answers to all your questions. If you want to know about books, search under books. There are about 500 threads on books. No need to start a new thread.

    2. As some one else mentioned, keep your questions concise. It's hard to believe, but sometimes we go off topic.

    3. Buy books instead of paying lots of money for seminars and the like. It's usually the best value.

    4. Obviously you need a methodology. But for every hour you spend figuring out what to do - and how to do it, spend another hour doing psych prep. Trading is a mental game, not a knowledge game. Except when it isn't.

    5. Find out about the PDT rule(s). It's great to say that you are going to succeed, but generally speaking success happens to people who make themselves available to it. Undercapitalization kills most new business - guess what? Trading is a business.

    Anyway, best of luck.
    #44     Nov 10, 2002
  5. Vel


    Wow, I take it you've been burned pretty bad and suck at the trading thing considering you're advice. For someone that obviously must hate the system, you sure have a hi post count
    #45     Nov 10, 2002
  6. OPG - opening only orders would help if you calculate the prices correctly..

    also INCA - Instinet allows listed and NASD pre/post market trading

    surprised those whom you trade with or through did not answer this basic question for you?
    #46     Nov 18, 2002