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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (15072)	1/30/2002 8:44:08 PM
From: exdaytrader76	Respond to of 18137

Mostly, we all used the same execution front-end We had the CME audio feed for a while, which I guess was a shared experience. We also had the pristine chat room for a while. We shared Realtick Screens, but some did not really use it much. The execution sw had rudimentary charting that sometimes worked, and some trader just watched a futures chart on the RT screen. I used RT a lot for analytics and charting. And respectfully dude (what kind of an authority is a slightly-less-than-mediocre scalper? - WTHDIK), I really would be lost with your charts. All we ever watched were simple stock/vol and futures charts. I watched a 1 or 2 min stock cs bar chart usually overlaid w/futures. Moving averages just confuse me. I sorted the nasdaq 100 Minder list in RT by change open and usually we were long one of the top 5 or short one of the bottom trying to scalp for a half point or so, trying to take only 10 or 20 cent losses. We traded together a lot. Unfortunately for a few of my cohorts I was usually the fearless leader. Another trainer guy had a couple minions but he took a lot -but not all, in fairness - of pristine plays from the newsletter and later one of the chat rooms; the educational one I think. I suppose we were winging it in a collective sense. The only 2 traders who ever made money there left shortly after I started - one is a great guy, hilarious individual. It seems like all I ever heard him say was that he was a lousy trader, and then he would sit and scalp a grand or so a day every day working about 20 minutes. On Fed days - I imagine today he cleaned up today - he would just come in for the 15 min or so at the announcement and make 3 or 4 grand and be be-aithching about how he should have made 10 or 15. He traded with the Million Dollar Fast Finger Crowd, except AFAIK he is the only survivor. He is a blur to watch on the keyboard while trading. The other guy never talked much. He used to be a mkt maker.