Recent content by BizTechTrader

@LuKOs.ro Thank you for the kind lists and for your optimism-inspiring response =)

Hi Nexas, I really don't find day trading appealing at all. In my mind it is more risky than holding positions overnight because we all know how much noise there is trends, and how big day trading positions need to be in order just to secure a small cut. Why not just take an intermediate-term...

@tommog - Thank you for your kind response. I was finding it hard to believe that no one could care/benefit, as I am personally very pleased with my results in 2010 and 2011 - almost too good to believe really (in my mind). I was wondering if they were even that good at all or if I was just...

I have 10 years experience trading for myself - most of which while holding other jobs or in school. For most of this time I was breaking even after commissions. Awhile ago I calculated my lifetime commissions to be somewhere in the range of $5,000 - $7,000, but they are probably $1,000 more...

Thanks Peter.

... This was the print at the low: 18.713 18.716 18.70 18.70 18.71 18.70 18.67 - ONLY my shares were traded at this level (same # in T&S as my order) 18.71 18.85 etc. As I stated, I thought that a stop limit was not to be executed at the bid, but at the market immediately once the limit was...

As I stated, my sale price was below the low for about 20 minutes, after which point the low was updated to reflect my print. The question is what is a definition of a true stop loss limit order, and can a stop limit be executed at the bid on a new low.

ERY. Stop Limit order at 18.67 gtc

This is of course assuming that the price isn't taken out at any point until the close. Fidelity. Won't my sale (day low and only print at that level) show up as official exchange data though? My chart is showing my print now as the current low... so if it does register (and why wouldn't it?)...

That is my point. I thought a stop loss meant that the price must have already hit my limit, rather than me selling on the bid. Not sure what you mean by ask/mid? I was looking at the print on time and sales...

Something strange happened to me today. I had a stop loss order in place that got taken out below the LOW. For example, the price was $18.70 (day low) and my order got taken out at $18.67 (the only order at that price - the exact low!) without prompting. I had thought a stop loss order meant...

Found the level 1 cmt exam here: Market Tech Lab :: Study Material

There is a free CMT level 1 practice quiz available from a blog site called market tech lab, I think that is what it is called.

Probably not very well? If you want to get an idea about what its like to be a prop trader, and inside a prop company, read One Good Trade by Bellafiore and his company, SMB

I can attest that prop firms do care about PNL, and that large banks do not. Unfortunately I wish it were the other way around.