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Day Trading/Questions

SubjectDate AskedExpert
beginners info.11/1/2002Sonoma
  Q: I have just started research on day trading because it's something I want to do full time. I would ...
  A: Tony - Thanks for the question .. I have been very ill recently, so I apologize for the delay. ...
Trading Software Systems8/7/2002Christopher Worsh
  Q: I work for a small broker dealer in NY. Were currently looking for a new trading system/ software ...
  A: Personally I prefer Real Tick http://www.realtick.com but here are some others that I have ...
Failing7/29/2002Sonoma
  Q: Why did the stock market fail in the first place?
  A: I can certainly understand your frustration with the recent stock market activity. However, rest ...
Odds Calculation6/10/2002Sonoma
  Q: I am a professional commodity trader. I want the know how to calculate the odds of a winning trade ...
  A: I apologize for the delay. My email provider had some server problems. Now, let's get to your ...
Options Trading on Futures5/18/2002Sonoma
  Q: I want to paper trade on Options on Futures before I enter the market. Please let me know the sites ...
  A: Why are you interested in options on futures? Buying options means the odds are against you, and ...
e-mini S&P5/9/2002Christopher Worsh
  Q: I have a system to scalp the e-mini S&P. Can you help me find a low cost broker? I'd do 2 contracts ...
  A: Lou, For low cost commissions with no thrills I'd go with Interactive Brokers: Stocks: $0.01/Share ...
Swing trading5/7/2002Sonoma
  Q: I've been trading for almost 30 years in stocks, options and futures. Also, floor-traded years ...
  A: .. I apologize for the delay, but my inbox was deleted so I missed it the first time! Now - on to ...
tax exempt treatment of futures...2/9/2002Sonoma
  Q: I have searched for hours and still do not understand why proceeds from trading futures, comodities ...
  A: I will be happy to follow up with you, in detail. Please email me: sonoma@extremedaytrading.com . ...
Brockage accounts for day tradeing1/31/2002Christopher Worsh
  Q: Why do online brokers recommend a margin account instead of a cash account for day tradeing? Thank ...
  A: Neal, Almost all daytraders short sell stocks as much as they go long stocks and a margin account ...
Float/indicators11/22/2001Sonoma
  Q: Bailey: I am engaged in serious preliminary research with respect to becoming active in ...
  A: .. before I address them, let me ask you: why would someone with previous futures market trading ...
Volume11/14/2001Sonoma
  Q: Brian, Do you know of a site that can give me the number of buyers and sellers for a stock each day ...
  A: Your question is very, very good. Instead looking at JUST the volume, you want to understand what's ...
Short Selling11/8/2001Christopher Worsh
  Q: Worsh, I was wondering if you could clear up a few things about short selling for me. First, ...
  A: Nick, >First, why does everyone say that it is so "risky"? You've got it. Shorts like any trade ...
how to get started10/7/2001Sonoma
  Q: what is the best way to get started day trading, also, where can I get information (books,tutorials, ...
  A: Stockdale - The way to get started is exactly the way you're going about it here. You're asking ...
DAT Brokers and Data providers10/4/2001Christopher Worsh
  Q: Worsh: I have a question regarding Direct Access Brokers and Data providers. I don't know which ...
  A: Rick, Sorry for the delay, I am overflowing with work right now. >>>I prefer the no monthly fee ...
Good online brokers10/4/2001Sonoma
  Q: Bailey: I have a question regarding Direct Access Brokers and Data providers. I don't know which ...
  A: Rick - Thanks for the question ... hands down I would suggest MB Trading ... they have been the ...
Shorting9/3/2001Christopher Worsh
  Q: Worsh, Hi. Is there any way to limit loss when shorting stocks? Maybe the equivalent of a stop ...
  A: >>>Is there any way to limit loss when shorting stocks? There sure is: Set stops! You should ...
S&P futures7/30/2001Sonoma
  Q: I hear a lot of traders use the S&P futures to gage market strenght. How do I track the S&P ...
  A: Mick - I am SO sorry for what appears to be a delay in relying to your question. I was just ...
day trading6/24/2001Christopher Worsh
  Q: i'm thinking of starting to invest in stocks. i surfed through several websites, but still there are ...
  A: Jamiyan, >>>does Day trading mean closing all positions at the end of the day? Like most things, ...
short term trading6/21/2001Sonoma
  Q: You can imagine that there are a million questions a beginner would love to ask you - here are a ...
  A: After reviewing your questions carefully, I'm going out on a limb here, I can say with a high degree ...
Live Feeds6/19/2001Christopher Worsh
  Q: I day trade the djia, could you suggest a cheap and reliable live data feed, all I need is real time ...
  A: Chris, I highly recommend the following service. They are the best deal going for realtime charting ...
candlesticks6/15/2001Christopher Worsh
  Q: I've received great information from your site. thanx. I am interested in trading more stocks ...
  A: Neil, >>>candlestick charting program from home with realtime charting I would highly recomend the ...
Record keeping6/4/2001Sonoma
  Q: To Brian L Bailey Dear Sir, I have been trading stocks going on four ...
  A: Len - I apologize for the delay ... I have been in the midst of rebuilding my firm's website since ...
Direct Acccess to ECNs4/23/2001Christopher Worsh
  Q: I'm thinking of opening new account of some OnlineBroker which has good services of Direct Access to ...
  A: Ken, I would highly recomend the following: These people have a low rate for your first three ...
earnings4/18/2001Christopher Worsh
  Q: Suppose a company announces stronger that expected earnings after the bell, do foreign traders have ...
  A: Owen, They only have an advantage on their specific exchanges provided these exchanges are open at ...
Trading on Datek targeting Island4/9/2001Christopher Worsh
  Q: The Island Book lists sell orders of stock xxxx $20.10 100 shares, $20.15 100 shares, $20.20 500 ...
  A: Dave, 1)If you are trading through the ISLD ECN, then you would get a fill at the lowest available ...
S&P Futures3/30/2001Sonoma
  Q: If the S&P Futures Indicator is below the cash S&P index, this is an indication that stocks are ...
  A: "Fair Value" is computed at the beginning of the trading day and is constant throughout. It is found ...
Scalping3/23/2001Christopher Worsh
  Q: I've been hearing lots about scalping stocks but am still unsure what exactly to do. My goal would ...
  A: Anthony, I would strongly caution you not to try scalping until you have more trading experience. ...
Interactive brokers3/22/2001Sonoma
  Q: Brian! Can you tell me what's your opinion (experience) about Interactive brokers, and which ...
  A: Please send me an email for a more expansive answer. Interactive brokers ... I assume you mean ...
Hi Cris- I occasionally...3/5/2001Christopher Worsh
  Q: I occasionally trade my non-IRA account and will take profits in months, weeks or days if they ...
  A: Rich, I apologize for the delay...it's been a pretty wild and rough week. Just let me know if you ...
Day Trading2/24/2001Christopher Worsh
  Q: I'm very interested in trading on the internet. I know there are alot of online trading sites. I ...
  A: Lonny, I would not suggest that you trade stocks online if your risk capital is limited to $500. ...
Chart patterns.2/3/2001Christopher Worsh
  Q: What daily chart patterns are most useful for selecting a long day trade? Can these patterns be ...
  A: Steve, I would suggest that you begin looking for what is known as the "basic buy set-up". For free ...
best stocks @ around $51/14/2001Christopher Worsh
  Q: i like 5% or more moves each day. what do you recommened (if any) price range $5 stocks your top 5 ...
  A: Chris, Here are a few for you. These are day trades under $5 For Tues (1-16)only. FWIW, I prefer ...
Online Trading Account12/19/2000Christopher Worsh
  Q: I am new at this, so please bear with me. I recently came into a large sum of money and I am very ...
  A: Glad to hear that! The online broker that you choose will depend greatly on the specific services ...
internet site12/14/2000Christopher Worsh
  Q: As a novice investor, I want to find a site that will let me research companies by industry, for ...
  A: Andy, Sure, just go to this link. This area of Big charts will even let you select the 10 best and ...
TRADING SOFTWARE11/4/2000Christopher Worsh
  Q: I have several questions for you. 1. I`ve been short term trading for a little over one year. I`m ...
  A: Doug, Sorry for the wait, I'm swamped with questions at the moment. You asked: 1. "any ...
Day Trading10/22/2000Christopher Worsh
  Q: How can i get started ( learn ) and how much money should i have to invest.
  A: Frank, Ideally you would start trading with at least $25,000, but I have known people that have ...
Hi Christopher, Do you...10/18/2000Christopher Worsh
  Q: Do you think with a lot of work and learning you can "beat the market"? I am only asking because I ...
  A: Bence, With a lot of hard work and the knowledge that you will gain by studying the markets in a ...
trading software10/15/2000Christopher Worsh
  Q: Could you reccomend some software program that I could use to practise my day trading? I`m currently ...
  A: Andy, If you would like to have real-time data, you usually have to pay for it, but you can receive ...
decimalisation and scalping ...9/12/2000Christopher Worsh
  Q: I`ve been looking into exploiting the buy/ask spread (espescially on the NYSE) but i wonder if there ...
  A: Helen, Yes it will still be possible to scalp once decimals are inacted, but the spreads and ...
2 for 1 Split8/7/2000Christopher Worsh
  Q: Worsh, Thank you for your answer. I wasn`t sure if my response got back to you but the stock that ...
  A: Howard, Please forgive me for getting right to the point here, but it's really the best way for me ...

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