nitro, on the front page, click on the button on the upper left hand side saying "Enter Chatroom Now" when you see it you will kick youself!
Wait - I see it now - off of the Home page. Geez, first time I noticed it! However, when I try to connect, nothing happens! Perhaps it is my Internet Explorer settings - or perhaps it's not "open" now? nitro
Yeah, I never saw it. LOL. I used my other DSL line that is not behind a hardcore firewall and I got in OK. Interestingly though, my firewall reported something I did not like (its a probe looking for weakness,) and I believe it is coming from ET! --------------------------------- 04/06/2002 17:47:37.480 - Probable TCP FIN scan - Source:208.234.169.12, 8396, WAN - Destination: (left out by nitro), 12868, LAN - - --------------------------------- I have to double check the IP address to see where this is from. nitro
OK, now I understand what you meant. your original post was suggesting you can't make money with NYSE, which is not true of course. Yep, directional trading with NYSE is more difficult I think, unless you stay in for a few days. I do that sometimes, but usually I play specialist surrogate (think and act like them) which is also what prae did. I think even when you know the game and you play it on Naz stocks, you will get more profits per share on Naz. but that could just be because Naz stocks are more volatile with easily a day range twice as big (or more) on average. So I revert back to my first post and line : it really depends on the trader and what he wants to do. You make money on Naz : perfect. I don't buy into this NYSE / Nasdaq battle. it's silly, I know you are not doing that. Any trader should make money where and how he can make money, period. Once you are consistent in making profits, comes the time to choose to increase your return on equity and balance it with the constraints you have (risk taken, drawdown accepted, size of capital etc..). So each trader, firm etc. has a different answer because the question is different. I am glad we could clarify our misuderstanding. tntneo
" I knew for a fact that there was at least 5m bid at 30. " then later comments.. "I had no idea that there was 5m there. Just a dumb guess." these statements are mutually exclusive. did anyone else catch this? either its a fact or a dumb guess but it isn't both. your speech lacks precision, and speech is a product of thought. one can only wonder whether your trading methods are less precise than you believe. you must be one of the greatest fly-by-the-seat-of-his-pants traders i know, able to trade so effectively with essentially no sleep and in an alcoholic stupor. amazing trading to say the least, we shall see.... :-/
I'm not sure if you're mocking me or not. Attacking my lack of ability to describe my thoughts thoroughly is stupid. In any case. I guess I was wrong to say that there was 5m exactly. I just knew there was plenty of size to lean on. I assumed it was 5m or so. Probably more as you see that those bidders stepped up fast. I do trade drunk about 1/3 of the time. I feel that I have a better feel for things honestly when I'm drunk. The booze really eliminates a lot of the noise. You'd be surprised, but try it. At first I just lost all the time when drunk. Now I seem to have some of my biggest days when I'm hung over. Trading is really easy and mindless. People think way too much into it most of the time. If you're drunk, your gut does the thinking for you. Let your brain take some time off. There are things that are for longer term investing that the brain does much better. But your gut will see the next point much better than most brains. I don't know what you mean by lets see. I assume that you mean that I won't be able to cut it and will eventually burn out or something. I've been at this now for a while. This is the beginning of my 3rd full year and my 5th partial year. I made 130% in 2000 and 218% in 2001. I'm up about 40% now for this year I think. Though my trading account is up over 140%. It's my long term stuff that is holding me down so far. (Those thv just aren't getting jiggy yet. But I continue to buy. ) At this pace, I assume that I'm on track for another 200%+ year which is probably better than almost anyone else on this board will do (excluding maybe 20 or so true pros.)(and catalite from the ET room of course, but that's cause he's not fully human). If my THV starts to move, which I think it will, my 77k shares will really boost my returns quite well. Lets just say that the number say I'll do just fine. But we'll see....
P2, you are the most unusual guy. and I say it again, you really impress me. only new member can ignore your track record. I don't care how you do it, money talks.
prae, If you turn into a seven figure trader, and you don't self-destruct, they will write a book about you. "Harry The Hat," a famous futures trader at the MERC, was a carbon copy of you, except he made ungodly amounts of money. On more than one occassion on the way to work at the MERC, I saw his limo (they took his drivers license away) open the rear window and out came several bottles of wine. Eventually, he abused himself too much. (I don't know if there was a "happy" ending or not.) I am not mocking you - but I have to agree with faster, you are definitely the only trader I know (other than Harry) that can trade drunk, and on three hours of sleep, and trade tens of thousands of shares!! You must either be very young to be able to abuse yourself like that, or the effects of sleeplessness and alcohol may be negligible to your "body chemistry" - I have seen the "flip-side" of you - my Bridge partner drinks several cups of coffee before going to bed, and then has a hard time getting out of bed. I so agree with you when you say trading is easy. The only thing that I am not surprised about is that you say you can trade better when you are drunk. _BUT_, IMHO, and I say it again, _IMHO_, you would be "better" off figuring out how to achieve the same calmness, or state of mind to be more general, without the alchohol. nitro