Equities are slowing dying by 1000 cuts. SEC raising their fees, now the uptick rule. This will have a affect on most day traders, better learn how to set up the short blast key...
Ok I agree with you for the most part, but why are you crying about the uptick rule? Are you really an equities daytrader or just a poser? This thread is laughable, as 99% of the commentary is nonsense.
ok, big shoot. you tell me how you are going to get short now with in a few secs if price is falling fast? a lot of the daytraders are momentum traders. i moved from equities to futures and forex awhile back. so i don't have to deal with this nonsense anymore. i was just giving my .02.
Have you ever tried sports betting for a living? It's MUCH more difficult than trading... Vegas sports books are MUCH more "efficient" than the NYSE. I know... I've done both for a living.
LOL. Vegas is only efficient because: 1) The quote a 5% spread around "theoretical". 2) They rig the games.
Wasnât the uptick rule in place during the tech crash? I donât think itâs going to make that much difference.
Wait, wasn't shorting made illegal on financial stocks at one point recently? Wait, what happened to the prices of those stocks after shorting them was made illegal? I forget. Hmmm.... if shorting was illegal and the financials got HAMMERED when you couldn't short them, well I'm sure the uptick rule would have helped out! No wait, the uptick rule makes shorting more difficult but actually shorting was illegal and stocks still went down! Confused
When I started daytrading with a LLC group under a prop firm, the whole group was taught to trade off the uptick rule. Back then, it was all about bullets, which Even when SEC got rid of bullets, with their regular periodical screwjob aimed at the prop & retail daytraders, there were other tricks. ECN crossing was a good one, it was not as reliable but it was cheap. Uptick Rule=Innefficiency=Trick=Opportunity
Anaconda, You kill me. Everything you say is true, but the way you put it gave me a much needed laugh. Thanks.