I just want to say first, thank you, this is a quality post imo, very much appreciated

This part, adds liquidity. A Day Trader can also be removing liquidity if he uses market orders

I mentioned this in the past in some random thread, half of all trades are removing liquidity, the other half adding liquidity, so I wouldn't be suprised if there are day traders out there removing more liquidity than they add. Well, I only use market orders, day trading, and I am making money, so there is one example

I am actually quite interested in this btw, I am not just nitpicking for the sake of it. I believe I am a drain on the economy. I would love to be wrong about this

I am using IB, what is this free data feed you are talking about? I am paying for an NYSE data feed

Do you earn a living or are you sucking on the hind teat of government largess? Are you paying taxes on your earnings? Are you active in your community? Are you a law-abiding citizen? Are you raising your children to be productive and self-sufficient?

If you are on the right side of most/all of these questions (or at least not on the wrong side), then you are not a drain on the economy. The use of market orders vs. limit orders is irrelevant to the question of whether or not one is a "drain on the economy."

Everyone pays for exchange data feeds, of course. The poster is probably referencing the fact that you can take the IB data feed and dump it into a spreadsheet or analysis program.

I use IB, it's fine for my time frame (days to weeks) and the rates are cheap.

Does anyone have any experience with TradeStation? I'm especially interested in their back-testing platform and can certainly generate enough trades per month to meet their minimums. Looks like their rates are good, how is their front end and execution?

Has anyone used TS for automated order entry from a model they've plugged in?

Also, I know that years ago they had issues with dirty data, is it better now?

Very few day traders are using market orders though.

I've really enjoyed the thread ArturiusX, thanks for all the info.

I've been following daytrading for a bit now, and started doing some paper trading with some success (fake success yay!)

A big road block for me though has been finding a good screener to test some of the things I want to try. I've paid for a few monthly subscriptions to different screeners now, and none will give me what I need.

Would you be able to suggest a good screener that can show me stocks that are quickly falling or rising? For example if a stock went up or down by 0.5% over the last 30 seconds, I'd like the screener to show it. And then I could take a deeper look at a list of stocks that are currently moving quickly up or down.

Trade-Ideas. Klunky interface. Ask support how to setup your screen.

I'm a bit hazy on the details, but it turned out Arcturius isn't a trader?

details on above?

Instead of making random accusations it's easier to just ask ArturiusX:

Are you/were you a trader? For how long?

Have you made enough from it to support yourself at some point in your life? For how long?

I think it's a little weird creating an OP like this without any answers to the above questions

Just searched for his past posts, it seems he quit posting last year after this thread:

http://forumserver.twoplustwo.com/55...areer-1088692/

The information he posted is something anyone can build up over time with some research. For inexperienced people, it's a good start and gives them a quick "cliff-notes" primer. Extrapolating that he's a successful trader based on that information is like if I thought someone, who showed me winning poker hands when I first started out as a player, was a winning poker player. In fact, if you read his entire post, no strategies is discussed at all.

I haven't gone to his website and I won't. It's always a bad sign when people want to "teach" you for money. But even then, the info he posted is useful for people who are new.

I definitely agree with this part. And mostly disagree as to how useful his op therefore is. I guess that's opinion though

Only because you probably already done some basic research.

OP is good for complete newbs. Useless for anyone else.

I've been daytrading full-time for a year now. But have been in the industry for many years. Seen/read all the BS. Just like in the poker world, there are scammers galore in the trading world. Look up Franz Shoar on elitetrader.com if you want a good laugh.