market orders on FAS and FAZ are not generally a good decision and this is why. If you are using a decent technical system to time your trades, chances are the computers will see that trade as well and they have the edge on you on execution.
The people who use black box trading systems demand as little as a 5 millisecond turn around time from their BDs. That is faster than you can click your mouse. It would be easy to get caught with a bad fill if you used a market order, even on something as seemingly liquid as FAS or FAZ. I know. I have traded them many times.
I think we should talk about the many monk graduates who are trading with money and are having a lot of success.
Okay. How many are there? I've read quite a bit on the Monk's Den board, and the conclusion I've come to is that most--even Blockman--are still paper trading. I've noticed that many say they're neither losing or making a great deal, on paper or live. Down a few hundred, up a few hundred, and that's for a week or two's trading.
I've seen very few claim they're making serious money trading live.
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