posted
one possible explanation for seeing the sales go thru above or below the bid/ask is that there are some MM's not doing biz with other MM's--i don't have Level2 yet so i can't see what i want to--but lets say there are two groups of MM's right now at war--the bid-ask i see on my streamer shows the highest bid and the lowest ask only-- if there are some deals going on where one group won't trade with another group then the deals are being cut outside the posted bid/ask--this is really bad--I'm not pulling my money yet-- but i smell blood
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"...The pullback is being attributed to sell stops being taken out as S&P 500 futures selling by Smith Barney has put pressure on the market. Additional selling pressure has been incited by the Nasdaq's decline below its 50-day exponential moving averages...."
posted
They are talking about it on bloomberg too--but that doesn't explain bid/ask irregularities to me --am i missing something?
Thanx for the offer Randy but i don't know how to read them very well yet anyhow--i started online with a very small amount of RISK capital--i figured if i lose it all --so be it-- and if i get it to the minimum daytrade level--25K$ i would be earning my positon as a daytrader--I am getting very close-- as Clint Eastwood said --A man's gotta know his limitations. LOL
posted
In order to test the theory you would need to make a running tally of the trades and figure out who is buying and selling to who --
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Is there a benifit to becoming a bonified day trader with $25,000.00 in your account? I only started with $1000.00 and after two weeks I am at $1983.00 its gonna take me awhile!
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If you daytrade more than 4 times in 5 days you will be sent to the corner-- check into the rules--swing trader first step-- hold for next day mostly--you are doing well-
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