calling a spade a spade is hardly crying. or is it? a voice crying in the wilderness... they looooooooooove people who think like that. if there's enough grease to go around, anything goes. It's like hush money. Or they appeal to your ego: 'Im tough enough to beat you...' They laugh. You think they're stupid? They've seen thousands of guys come and go... <a href="http://sun.soci.niu.edu/~benm/kampmann.html"><img src="http://sun.soci.niu.edu/~benm/creat.jpg"></img></a> "Painting is a delicate matter that often contains a deception. It mirrors false facts. It misleads the on-lookers in a game of convention and perception......"
Once again, thank you to Harold Bradley for his work in attempting to bring competition to the one place where it should always be: the world's oldest and largest stock market. I'm posting the article openly instead of just posting the link, because someone implied that trade-through's can't happen, and the article documents that they do. The bit about 'freezing the book' is an eye-opener as well. "You're not paranoid if the really are out to get you."
"Or they appeal to your ego: 'Im tough enough to beat you...' They laugh. You think they're stupid? They've seen thousands of guys come and go...". . Ego- "Those losers just didn't have what it takes. I'm different, I'm special.". Yeah, right. Sucker.
I read the article. I have traded exclusively NYSE except for the occasional lapse in judgement for 5 1/2 years. The system is NOT flawless. I will stipulate to that. The ARCA software, aptly dubbed the whiner, looked at print throughs across exchanges linked by ITS. I was refering to print throughs on the NYSE when my order was on the NYSE. I NEVER look at the regional exchanges as most often their bids and offers are fictious when you go to hit or take. I also was asking a question about what was 'fair' not stating a fact that specialists buy every 25 cents on the way down. Fair is a subjective term. I do not know what is fair or what is right. I never expect the specialist to bail me out of my losers or when the markets are roaring one way or the other and I am hooked, I do not expect my friendly specialist will step in and provide liquidity for me to get out. As a customer not a prop trader, maybe he should. I don't use the regionals also because I don't believe in fragmentation of markets. The main reason I don't trade NASDAQ. At least in NYSE all the orders go through one location giving the MOST participants the CHANCE to interact with that order.
I was just trying to short EP using island.My offer was one cent above the price.I was the only ecn there at the time.The bid rose two cents-one cent past my offer without giving me a fill.Then my offer dissappeared???????????
it's all good, baby. <a href="http://disney.go.com/disneyvideos/animatedfilms/thejunglebook/homepage/homepage.htm"> <img src ="http://disney.go.com/disneyvideos/animatedfilms/thejunglebook/commonImages/floating.gif"></img></a>
Since we trade maybe 200 attempts per day, 100 trades per day, and have maybe 1 legitimate complaint per week, that amounts to 1/5 of 1 percent....although not good, it's certainly not a reason to spend too much time worrying about. We have the opportunity to participate at such a great level that we should be pretty happy. Never before in the history of the markets have traders been able to join in the game without buying expensive exchange memberships. The playing field on the NYSE is pretty level, and obviously lucrative (or so many of us wouldn't trade there). Don
"We have the opportunity to participate at such a great level that we should be pretty happy. Never before in the history of the markets have traders been able to join in the game without buying expensive exchange memberships. The playing field on the NYSE is pretty level, and obviously lucrative (or so many of us wouldn't trade there)." - there is "obviously" ridiculous about this statement
it's better to have your pocket picked than to be pistol whipped, right? I don't think many love the free enterprise system more than I do. That's why I am so verbose about integrity and competition (competition being the check on lack of integrity) being its underpinning -- the lack of it is it's undoing. If we keep rationalizing away the problems that need to be addressed, I don't think 'collapse' is too big a word. Look around!