A friend told me that "back in the day" of the great AND volatile bull market, Shoenfeld was the largest Day Trading Firm. He said they taught their traders a Buy The Green and Sell The Red System. Advanced traders were allowed to carry overnight and almost everyone was entirely back Amazingly (I am told) they traded NASDAQ and almost no one had a Level 2 System. Does anyone care to elaborate on what the Shoenfeld Traders were doing?
"Back in the Day" was like shooting fish in a barrell. Shoney traders just traded the high fliers like everyone else, and traded them well. Remember way back in the day, we did not have this penny crap, stocks traded in 1/16's and 1/8's back in prehistoric times.