Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eric P who wrote (10)	6/5/1999 10:22:00 PM
From: Land Shark	Read Replies (2) \| Respond to of 18137

Great thread, With all the MM schenanigans, it's not surprizing that 90% of day traders lose all their capital (or give up) within one year. IMO, the regulations for MMs (for all their worth) should be tightened to clean up the system. I always wondered why on Level II, I see a lone 100 share bid and many sells go bye before a downtick. Frustrating that the nos. published don't represent the true market depth. Seems fraudulent, what a scam! I try to avoid day trading and stick to TA over longer time periods than 5 min. intervals and look at fundamentals. But, every time I get a fill on a short sell, I get the impression that the MMs or MoMos or what ever are out to get me. But, trend is your freind and despite the head fake that may come after my sell, it resumes its downtrend and I end up profitable. Emotions must not tear you away from your trade...

To: Eric P who wrote (10)	6/5/1999 11:39:00 PM
From: Bilow	Respond to of 18137

Hi Eric P; Great thread, hopefully we can all learn something. I trade ISLD stocks using the 256ths every day, and this works regardless of the share price. (My usual scalping target is MSFT and DELL. There was a time that my trading house couldn't handle 256ths on share prices in excess of $100, but it handles those fine now.) INCA allows trading on 64th boundaries for the major stocks. Maybe they allow smaller fractions on lower prices, I don't know. Regarding getting in after the prices start ripping: SOES only works for those with the very fast fingers. I use it frequently, but if I am a moment late, I am reduced to preferencing market makers. I've been using the INCA ECN a lot more even though they charge me an extra penny per share because I can make the spread and avoid expensive partial fills. Incidentally, I've usually found ISLD to be the smart money, when you see them running away from the ask you can be sure that the price is going up. On the other hand, the INCA quotes seem to largely come from people who don't really care about the last teenie. -- Carl