Recent content by bigtimetrader

Yes, in order to short you must have a margin account. However there is another factor. The other part is that the stock must also be on your brokers short list for that day. In order for you to go short, you are always borrowing against someone elses long position. This borrowed stock can be...

Level 3 is for Market makers only. Level 2 is the best you can do as a regular trader. Doesnt really matter anyway Level 3 is no real advantage over Level 2. If you want to understand Level 2, why not try one of the many free level 2 simulator demos available. You can play with Level 2 in real...

Actually at www.Alldaytraders.com (Alliance) you are trading direct access, so you can actually buy on the bid and sell on the ask by using limit orders through the ECNs (like ISLD, ARCA & INCA). Doing this, you can save yourself the spread on every trade you make. Also, I know a few people who...

For every bearish "the sky is falling" article our there there are 2-3 bullish "this is the best time ever to invest" articles. I suggest taking all of them with a grain of salt. Nobody can successfully predict future occurances in the market, economy, etc... If they could, they wouldn't be...

Sorry, if that last post came across as preachy or condescending. I was having a bad day with some real estate investment problems that day and was in a bad mood. Back to the topic: Out of curiosity, have any of you tried this broker (Alldaytraders)? I know quite a few people using them now and...

ECN = Electronic Communication Network Basically they are electronic order matching systems. ECN's allow regular traders to act almost like market makers, posting bids & asks which are visiable to the general market. They also allow stock traders to get very fast executions and provide the...

First off, try seperating you thoughts into paragraphs. It's a lot easier to read and it makes you come across more intelligently than one long run-on post. Second, of course every trader takes losses from time to time, but that does not mean that 100% lose money. When day trading you will...

Here is a site I found with a simple Google search which has an explanation about dual monitors, set-up, etc... seems like it covers all the bases: http://freepctech.com/pc/001/guide_dual_monitors.shtml Hope it's helpful.

:lol: :rolleyes: Sorry pal, I don't work there or even have an account there. I have been a full-time day trader for almost 8 years. I have made my living and bought numerous real estate properties all from the gains I have made trading. My only job is managing those properties and trading...

I agree elliot wave is a bunch of BS.

The fact is ALL indicators are in reality lagging because they are based of previous data. All an indicator, or even a chart for that matter, can do is put probability in your favor. There is NOTHING that will tell you what is to happen next.

Sorry, thats not a trading opportunity. Market makers are not required to refresh their quotes until the market opens. Try to hit any of those bids and you will find that they are not good. You will see those bad bids or asks in the premarket pretty much everyday. The only quotes that are valid...

I figured most of you already knew this, but I figured I'd post in case some people did not know. The US markets are closed tomorrow 6/11/2004 in observance of the funeral of fmr. pres. Reagan. In case you were wondering, they always close US markets when a president dies.

Actually the $25k day trading rule is not the broker's rule, it is an NASD/SEC rule. It's not like Ib or any other broker is trying to "Get over on you", all US brokers have to follow that rule because they are governed by the NASD & SEC. Sorry, I am in the US, so I don't really know too much...