Best Thread US day traders thread.
Straddles
Trading is like any other business, those who know what they are doing will make money. Those who know why they are doing it will make more. Those who specialise in particular areas later become experts in their field and make even more money.
This is true of the legal profession, medical profession, engineering, IT, accounting and any other areas you care to consider.
What I'm saying is, don't dismiss something just because you, or those you know don't get it. You may want to leave it alone until you do, but you can be sure there are people out there, usually pros, making bundles out of straddles and butterflys and such like.
Not necessarily. They are a useful strategy, employed by those who know how and when to use them for the right markets and instrument types.samtron said:
Trading is like any other business, those who know what they are doing will make money. Those who know why they are doing it will make more. Those who specialise in particular areas later become experts in their field and make even more money.
This is true of the legal profession, medical profession, engineering, IT, accounting and any other areas you care to consider.
What I'm saying is, don't dismiss something just because you, or those you know don't get it. You may want to leave it alone until you do, but you can be sure there are people out there, usually pros, making bundles out of straddles and butterflys and such like.
compoundup
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Watch out for Pfizer (PFE) patent challenge decision today in London due at 2pm BST - could shift price significantly.
Naz
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Hi Chump,
I would normally have played AAPL but it had just moved to much for me by the time the market opened.I always reckon that $50 is a big psychological problem for stocks and AAPL was to near it .So i took SNDK which was about to fall under $50.
I attach the AAPL chart to show what i mean and SNDK chart of the move under $50 which i played instead,with of course my account details.
Alan
I would normally have played AAPL but it had just moved to much for me by the time the market opened.I always reckon that $50 is a big psychological problem for stocks and AAPL was to near it .So i took SNDK which was about to fall under $50.
I attach the AAPL chart to show what i mean and SNDK chart of the move under $50 which i played instead,with of course my account details.
Alan
Attachments
It looks like scary stuff but:-
Am I correct in thinking most results are announced outside market hours?
Where/how is the best place to get details of the earnings related announcements?
Are there economic calanders on the net devoted to the nasdaq?
ps I know about briefing.com and scanners.
Am I correct in thinking most results are announced outside market hours?
Where/how is the best place to get details of the earnings related announcements?
Are there economic calanders on the net devoted to the nasdaq?
ps I know about briefing.com and scanners.
timsk
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Hi samtron - try these:samtron said:
http://www.fulldisclosure.com/earning.asp?month=20050412&day=20050211&date=20050411&client=cb
http://uk.us.biz.yahoo.com/research/earncal/20050411.html
Cheers,
Tim.
compoundup
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...and if you have a subscription to briefing.com it is here blow-by-blow:
http://www.briefing.com/Platinum/Calendars/EarningsRevenueCalendarWeek1.htm
http://www.briefing.com/Platinum/Calendars/EarningsRevenueCalendarWeek1.htm
Naz
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If anyone is reading this thread and looking at the things that we're doing and thinking well just how do i start.T2W will be the first to offer a new course.
"The A-Z course for day trading the US market" coming in the store shortly.
Anyone is welcome to pm me for detials or e mail me at [email protected].
Naz
"The A-Z course for day trading the US market" coming in the store shortly.
Anyone is welcome to pm me for detials or e mail me at [email protected].
Naz
compoundup
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Tried to short RIMM at one stage yesterday but was blocked by a hard-to-borrow message. Interesting that such a high volume heavily traded stock can get into such a situation. The recent Blackberry-related patent news must have caused some institutional holders to recall stock with a view to selling in the market. Any other experiences along these lines anyone?
compoundup said:
Who are you clearing throug? Who is your broker. I know that you can give Genesis Securities a call, if you're clearing through them, and they usually manage to get some shares for you to borrow, even in the VERY-HARD-TO-BORROW category.
-Dave
compoundup
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Thanks Dave,
I am using direct market access through Interactive Brokers (and smart-routing), so it is not quite the same scenario as you are suggesting. For me it is more of an irritation than a problem.
I don't doubt that when a stock becomes harder to borrow than usual it is the dma traders like myself who are shut out first. Those who are dealing in size through broking houses which have relationships with long-term institutional stockholders will always have a better chance of being able to establish the position they want. That is what justifies the cost of dealing that way.
Edward
I am using direct market access through Interactive Brokers (and smart-routing), so it is not quite the same scenario as you are suggesting. For me it is more of an irritation than a problem.
I don't doubt that when a stock becomes harder to borrow than usual it is the dma traders like myself who are shut out first. Those who are dealing in size through broking houses which have relationships with long-term institutional stockholders will always have a better chance of being able to establish the position they want. That is what justifies the cost of dealing that way.
Edward
Edward,
How many shares do you trade daily? I trade between 50000 and 100000 on average. I'm not trading through Genesis, but a fellow trader of mine is. I trade through MB Trading. I use smart-routing as well. It's just as cheap as interactive brokers. For me the biggest difference is speed. IB, as you know, uses a JAVA platform, which is so slow because it uses so much catch memory and MB trading is software, the quotes are in my opinion almost a second quicker. MB trading clears through Penson. So they have a great short-list.
And the platform is free. Check it out, www.mbtrading.com.
Although I'm thinking about going to Genesis (gndt.com). Because their Laser software has a lot more possibilities.
-Dave.
How many shares do you trade daily? I trade between 50000 and 100000 on average. I'm not trading through Genesis, but a fellow trader of mine is. I trade through MB Trading. I use smart-routing as well. It's just as cheap as interactive brokers. For me the biggest difference is speed. IB, as you know, uses a JAVA platform, which is so slow because it uses so much catch memory and MB trading is software, the quotes are in my opinion almost a second quicker. MB trading clears through Penson. So they have a great short-list.
And the platform is free. Check it out, www.mbtrading.com.
Although I'm thinking about going to Genesis (gndt.com). Because their Laser software has a lot more possibilities.
-Dave.
