There have been successful traders long before bullets. I was a frequent user of bullets myself and I will miss them however I will adapt just as I have done so many times before. You can't control it but you must adapt to it.
Is it true that hold bothers finally ran out of money and going out of business. supposedly they are asking their traders to take lower payouts :eek:
yeah true but you know what - they gave us fair weapons against the crooked specialist. in the end we are just noise anyway. market is gonna do what the market is gonna do. the pounding bids aspect of the market gave us our own market to trade against eachother and the specialist. They ought to get on the specialists - like they did. but rewrite some of their rules to make it tougher.
I am so completely amazed when I read Don's recent posts on this message board pertaining to this recent SEC interpretation. This is the head of a trading firm? Who with any sanity would publicly beat his chest about deriving some new sort of scheme in which to circumvent the short sale rule given the wording of the recent SEC statement? Why not just go up to Bill Donaldson himself and thumb your nose at him? His firm nor his traders cannot have any legal edge over any other; that is the irrefutable truth. When he alludes to anything otherwise, he is doing nothing more than touting snake oil. I would not be surprised if S&C magazine and this board sees this and pull the plug on him.
Very true. Most traders washed out in prior years, and now that is more true than ever. And given that the movements of a stock are dictated by the real institutional strength and the specialists, all daytraders are doing is jumping in for the ride, adding liquidity, and in most cases, smoothing out the stocks (since lower volume and liquidity tend to make stocks more volatile and, for average investors, dangerous). Nevermind that the uptick rule is an outdated rule that is no more fair than a downtick rule would be for buying stock.
I am sad to say but I believe this is one of the reaons for the SEC decision....its about control. But what do I know. I choose to believe this version and can be educated to change what I believe. But from what I know so far about the SEC...its all about control. Its nothing to do with fairness or market balance. Capitalism is what makes the market go round and round....but its a two edged sword too. Michael B.
while I agree with many of you, in all due respect , you need to learn how to trade. If you want to short 10,000 shares of WYE, you can't do it on a downtick. And in the end if your're not tradring that kind of size, then why bother???
dcunited you are right. I use to think that way way I was making alot. Lately, I have just wanted to make enough. And you are right everything I do from now on will be geared towards trading large size. So I can make large dollars. I now have a reason to totally believe my time should ge spent on longer time frames. Psycholgists would say my goals are internalized perhaps?