Dan,
When you were talking to the bartender, we were setting about 40 feet away, right over the retaining wall in the restaurant, about 15 of us seated around a long table. You should have been able to see us by looking over your shoulder... like Oz said, it didn't break up until 11:30PM.
I'm enjoying the audio tapes from the conference this weekend. Lawrence Black certainly has an interesting trading style (I think he's the guy Eric visited). Almost completely forgoing technical analysis in favor of "the eyeball method", he trades off the 1-minute charts (using mostly level II for decisions) going in and out 500 or more times a day to make $1M+ annually. He takes some huge positions, sometimes >15,000 shares. He and his buddy will sometimes see a big sell order come onto the offer ("24,000 offered"), and he'll turn to him: "I'll take half" "OK". 60% of his positions are losers, but he shoots them in a hurry. Sort of the macho, fighter-pilot school of daytrading. Very amusing, and I'm sure there's a lot to learn re: scalping, from him and his partner... not saying that's available from the tape, most of it is advanced, rapid-fire Level II, position management stuff.
-Steve |
