;-)

Discussions specific to trading the stock market.
Post Reply
Bernd
Roundtable Knight
Roundtable Knight
Posts: 126
Joined: Wed Apr 30, 2003 6:39 am

;-)

Post by Bernd »

:wink:
Last edited by Bernd on Fri Apr 18, 2008 3:56 am, edited 1 time in total.
Top
trendguy
Full Member
Full Member
Posts: 20
Joined: Fri Apr 18, 2003 11:22 pm
Location: Toronto, Canada

Post by trendguy »

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
Top
blueberrycake
Roundtable Knight
Roundtable Knight
Posts: 125
Joined: Mon Apr 21, 2003 11:04 pm
Location: California

Re: ECNs

Post by blueberrycake »

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
Top
Bernd
Roundtable Knight
Roundtable Knight
Posts: 126
Joined: Wed Apr 30, 2003 6:39 am

Post by Bernd »

:wink:
Last edited by Bernd on Fri Apr 18, 2008 3:57 am, edited 1 time in total.
Top
trendguy
Full Member
Full Member
Posts: 20
Joined: Fri Apr 18, 2003 11:22 pm
Location: Toronto, Canada

Post by trendguy »

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
Top
Bernd
Roundtable Knight
Roundtable Knight
Posts: 126
Joined: Wed Apr 30, 2003 6:39 am

Post by Bernd »

:wink:
Last edited by Bernd on Fri Apr 18, 2008 3:58 am, edited 1 time in total.
Top
pallbritton
Contributing Member
Contributing Member
Posts: 7
Joined: Mon May 12, 2003 2:35 pm
Location: ottawa, canada

Post by pallbritton »

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)
Top
Bernd
Roundtable Knight
Roundtable Knight
Posts: 126
Joined: Wed Apr 30, 2003 6:39 am

Post by Bernd »

:wink:
Last edited by Bernd on Fri Apr 18, 2008 3:58 am, edited 1 time in total.
Top
si
Senior Member
Senior Member
Posts: 48
Joined: Sun May 30, 2004 4:39 pm
Location: Austin, USA

Post by si »

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
Top
Luckydamo
Full Member
Full Member
Posts: 11
Joined: Fri Apr 23, 2004 10:20 am
Location: INDIANAPOLIS, IN

bullets and ETFs

Post by Luckydamo »

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
Top
Post Reply

Return to “Stocks”