they are leaving because computers are now the specialist and faster than any human can trade. NYSE laid off human specialist for some stocks. as for highly liquid stocks, you don't need human specialist. you'll need a broker if you want to unload large orders at the best price with crashing the price.
the profit margins for traders and specialist on 'return of capital' are pretty small,.. that is the reason they leave some specialist just break even so be in a non-profit business.
I agree here. Trading is very hard - not just buy/sell/sellshort. You need to know the technical (and fundamental - although some people ignore it). Knowing when to buy/sell, dealing with my emotion was the hardest thing to conquer. Admitting mistakes and letting go of my ego is VERY hard. First losses teach you a lesson in humility. And most importantly - persistence and "have the balls of steel" as Scalper007 said. Excellent, Scalper007.
a trader or market makers should always not to trade against the market maker or compete with other market makers in illiquid securities. 'market makers' control the price in illiquid securities. market makers or brokers who buy and sell to each other on behalf of their institutional clients. they make money on institutional large clients.
it wasn't a 'mistake' but 'bad trade'. trading is easy,,makinga large profit or home run on a trade is hard.or impossible.
trading is easy,,making large profit or home run on a LARGE trade is hard.or impossible in intra-day or even swing trading .
Funny, but definitely leads a person to the wrong conclusions!! A specialist is supposed to make (repeat after me) "a fair & orderly market", and that does not happen. Point 2: at least Scalper, kickboxer, myself, & a couple others on this thread have a good explanation why 90% of daytraders lose their money. What is yours??? About blaming others: I give credit where credit is due, and give blame when blame is due, however, this thread was not designed to blame people, rather to understand better the "rules of the game".
With each posting, you are becoming more & more concerned. It's all right; just close your eyes, & breathe slowly & deaply.
concerned about what? how you don't know anything? fuck me. stick to options and your 100 share lots on the nyse.