;-)

Discussions specific to trading the stock market.
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Bernd
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;-)

Post by Bernd » Sat May 10, 2003 3:52 am

:wink:
Last edited by Bernd on Fri Apr 18, 2008 3:56 am, edited 1 time in total.

trendguy
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Post by trendguy » Mon May 12, 2003 12:30 am

1) You can trade NASDAQ, NYSE and AMEX with ECNs, NASDAQ is the most liquid market for ECNs ... there are a few that don't trade NYSE/AMEX

2) YES

blueberrycake
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Re: ECNs

Post by blueberrycake » Mon May 12, 2003 12:50 am

Bernd wrote: 2) What about the uptick rule when trading over ECNs? Does it apply when trading through ECNs?
I am not an expert here, but I believe that you can get around the uptick rule by using bullets, which are essentially synthetic positions where the stock is offset by a married put.

-bbc

Bernd
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Post by Bernd » Mon May 12, 2003 9:51 am

:wink:
Last edited by Bernd on Fri Apr 18, 2008 3:57 am, edited 1 time in total.

trendguy
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Post by trendguy » Mon May 12, 2003 11:21 am

Bullets and forward conversions are great tools but more suitable for scalpers and day traders. You shouldn't really have a problem getting short in a longer time frame

Bernd
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Post by Bernd » Tue May 13, 2003 3:06 am

:wink:
Last edited by Bernd on Fri Apr 18, 2008 3:58 am, edited 1 time in total.

pallbritton
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Post by pallbritton » Wed May 14, 2003 1:07 am

it applies to AMEX, NASDAQ & NYSE


"The so-called "uptick rule" currently protects investors in
NYSE, AMEX and NASDAQ National Market System (NMS) stocks, but not
millions invested in OTC BB stocks or in the 1000+ NASDAQ Small Caps"

the above came from: http://www.sec.gov/rules/concept/s72499/wei1.txt


it does not apply to etf's though (ex: qqq)

Bernd
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Post by Bernd » Wed May 14, 2003 7:40 am

:wink:
Last edited by Bernd on Fri Apr 18, 2008 3:58 am, edited 1 time in total.

si
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Post by si » Wed Jun 02, 2004 8:44 pm

Bernd wrote:ETFs might be a way to go. But the contract size is pretty large for the capital I can use to trade.
ETFs trade at stock-like valuations : eg, the S&P500 Depository Receipts (ticker:SPY) is right now at about $110

Luckydamo
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bullets and ETFs

Post by Luckydamo » Fri Jun 04, 2004 1:30 pm

Careful on bullets SEC is watching these closely right now as they are just an obvious way to get around rules that the average retail client must follow. I clear through Goldman Sachs, and they just took away the use of bullets, believing it may be made illegal, possibly even retroactively. ETF's work fine, usually lots of liquidity, can trade virtually every market, and don't have to worry about breaking the law-Damion

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