Questions about the uptick rule

Discussion in 'Trading' started by Eliot Hosewater, Feb 25, 2009.

  1. zdreg

    zdreg

    how else would you describe economic policies of the US?

    it was a damn good call. thx for publicizing it.
     
    #11     Feb 25, 2009
  2. i hope they reinstate it
     
    #12     Feb 25, 2009
  3. Tide31

    Tide31

    EH, you may not realize that you send orders down as short, most execution platforms know what you have in your account and mark it for you.

    As for #2, you can have a buy in and a sell in at least one increment higher ( .01 today). You cannot have a buy and a sell in at any one time at the same price point. It breaks several rules, especially if you trade with yourself. If this happens the trade must be broken, and you may be subject to penalties for 'painting the tape' as we used to call it. You can do many things with yourself, but you cannot trade with yourself. Doesn't make sense anyway. If you want to get a short off, you would have to 'illegally' hit a bid below the inside bid to get a tick then hit the inside bid, is the only way to create a tick. What your saying just creates a zero-plus tick, or one that is already a plus tick if its the offer??
     
    #13     Feb 25, 2009
  4. why?
     
    #14     Feb 25, 2009
  5. dinoman

    dinoman

    It doesn't matter! It is just the tool bags in Washington trying to grasp straws. They haven't a clue and want to blame the up-tick rule being suspended.

    IT DOES'NT FREAKING MATTER!

    Reinstate all you want , but reality will always rule the markets!
     
    #15     Feb 25, 2009
  6. Amen! That pretty much sums it all up.
     
    #16     Feb 25, 2009
  7. tradersboredom

    tradersboredom Guest

    and if the regulators were smart enough they wouldn't allow margins on short positions.

    the fact that you even have short leverage ETF really says how fucked up or paid off the market regulators are in SEC and CTA


     
    #17     Feb 25, 2009
  8. tradersboredom

    tradersboredom Guest

    it'll be really tough making money intraday shorting NYSE stocks.

    no more intraday hedging is out the door.

    back old long momentum style trading.

     
    #18     Feb 25, 2009
  9. Damn good call except for the fact that your whole argument was in the forex section and predicated on the dollar collapsing until it was a "banana republic" currency.

    *buzzer* oh, sorry. Tell him what he gets, Johnny!

    How's your canadian dollar through all this?
     
    #19     Feb 25, 2009