|
|
 |
|
|
|
|
Commissions, 12, 13 |
|
|
|
|
|
|
|
|
Competitive attitude, 41 |
|
|
|
|
|
|
|
|
Complicated techniques/strategies, 120 |
|
|
|
|
|
|
|
|
Concentration, 121 |
|
|
|
|
|
|
|
|
Consistency/predictability, 108, 109 |
|
|
|
|
|
|
|
|
Conspiracy/collusion (see Abusive practices) |
|
|
|
|
|
|
|
|
Continuous quotations, 193, 194 |
|
|
|
|
|
|
|
|
Coordinated activity, 207, 208 |
|
|
|
|
|
|
|
|
Courtesies, 181, 209 |
|
|
|
|
|
|
|
|
Crash of 1987, 19, 58, 96, 169, 170, 188 |
|
|
|
|
|
|
|
|
Crash of 1997, 19 |
|
|
|
|
|
|
|
|
Crowd mass psychology, 94, 95 |
|
|
|
|
|
|
|
|
Customer limit orders, 26 |
|
|
|
|
|
|
|
|
DAET |
|
|
|
|
|
|
|
|
advantages, 29-33 |
|
|
|
|
|
|
|
|
business venture, as, 62-64 |
|
|
|
|
|
|
|
|
capital requirements, 42-44 |
|
|
|
|
|
|
|
|
learning curve, 44, 45 |
|
|
|
|
|
|
|
|
level playing field, 22 |
|
|
|
|
|
|
|
|
occupation, as, 36-38 |
|
|
|
|
|
|
|
|
overview, 6, 7 |
|
|
|
|
|
|
|
|
percentage of Nasdaq trading volume, as, 110 |
|
|
|
|
|
|
|
|
required personality traits, 38-41, 121 |
|
|
|
|
|
|
|
|
self-test, 35, 36 |
|
|
|
|
|
|
|
|
start-up costs, 45, 46 |
|
|
|
|
|
|
|
|
training, 47-51 |
|
|
|
|
|
|
|
|
DAET brokerage firms, 52-54 |
|
|
|
|
|
|
|
|
Darwin, Charles, 47 |
|
|
|
|
|
|
|
|
Day trading, 2-5 (See also DAET) |
|
|
|
|
|
|
|
|
Decimal pricing, 133, 134 |
|
|
|
|
|
|
|
|
Decisiveness, 115 |
|
|
|
|
|
|
|
|
Definitions, 215-221 |
|
|
|
|
|
|
|
|
Delayed reporting of trades, 208, 209 |
|
|
|
|
|
|
|
|
Delays, 12 |
|
|
|
|
|
|
|
|
Department of Justice investigation, 141 |
|
|
|
|
|
|
|
|
Depth of market, 83, 84 |
|
|
|
|
|
|
|
|
Direct access electronics trading (see DAET) |
|
|
|
|
|
|
|
|
Directional indicator, 61 |
|
|
|
|
|
|
|
|
Discipline, 39, 40, 77, 102, 121 (See also Built-in discipline) |
|
|
|
|
|
|
|
|
Diversification, 127 |
|
|
|
|
|
|
|
|
Diversion traders, 72, 73 |
|
|
|
|
|
|
|
|
Do's/don'ts, 134, 135 |
|
|
|
|
|
|
|
|
Dollar price averaging, 119 |
|
|
|
|
|
|
|
|
Domestic Securities, Inc., 142, 143 |
|
|
|
|
|
|
|
|
E*Trade, 158 |
|
|
|
|
|
|
|
|
E-mail-type electronic trading systems, 19 |
|
|
|
|
|
|
|
|
ECNs, 26, 27, 68, 82, 132 |
|
|
|
|
|
|
|
|
Edison, Thomas, 129 |
|
|
|
|
|
|
|
|
Electronic communication networks (ECNs), 26, 27, 68, 82, 132 |
|
|
|
|
|
|
|
|
Electronic day trading, 2-5 (See also DAET) |
|
|
|
|
|
|
|
|
Emotional factors, 127-129 |
|
|
|
|
|
|
|
|
Excused withdrawals, 193-195 |
|
|
|
|
|
|
|
|
Execution of orders, 13 |
|
|
|
|
|
|
|
|
Execution risk, 21, 58-60 |
|
|
|
|
|
|
|
|
Facts, 90-95 |
|
|
|
|
|
|
|
|
Fading, 72 |
|
|
|
|
|
|
|
|
Fear, 130 |
|
|
|
|
|
|
|
|
Fertile trading environment, 74, 75 |
|
|
|
|
|
|
|
|
Financial news headlines, 92 |
|
|
|
|
|
|
|
|
Firm quote rule, 25, 191 |
|
|
|
|
|
|
|
|
5-minute rule, 32, 33 |
|
|
|
|
|
|
|
|
Fluid traders, 82, 83 |
|
|
|
|
|
|
|
|
Focus, 39 |
|
|
|
|
|
|
|
|
Fractional sub-eighth pricing, 133 |
|
|
|
|
|
|
|
|
Friedman, Milton, 115 |
|
|
|
|
|
|
|
|
Fundamental analysis, 99, 100 |
|
|
|
|
|
|
|
|
Future prospects, 132-134 |
|
|
|
|
|
|
|
|
Getting in between orders, 85 |
|
|
|
|
|
|
|
|
Glossary, 215-221 |
|
|
|
|
|
|
|
|
Gould, Jay, 107 |
|
|
|
|
|
|
|
|
Graphs (Nasdaq Level II screen), 9 |
|
|
|
|
|