An NYSE Scalper's Tale - A Trader's Diary

Saturday, November 18, 2006

Posts Of Interest - Part IV: The NYSE

Since I use Blogger to blog, it makes it very difficult to categorize and sort my posts. This blog is coming up to 200 posts and so I have gone through all my posts and sorted them out into categories that may be of interest to readers.

Over the last couple of weekends I have been posting "Posts Of Interest", which is simply a collection of posts that I thought would be helpful for readers to see what mistakes I have made (and continue to make), and to get a better idea of how I do things (without having to click through the archives).

Part 1 was entitled "The Way I Trade".
Part 2 was entitled "Trading Principles".
Part 3 was entitled "Self Assessment".
Part 4 is entitled "The NYSE".

This weekend in "The NYSE" I have collected several posts that contain my thoughts of the NYSE and the Hybrid system. Upon reflection, some of these posts made it seem like the Hybrid system (which is currently being implemented) would mean the end to the way I traded, but from what I have seen so far, this could be farther from the truth.

It's true that stocks do behave a little differently, however money can still be taken from them. From my observations so far, the Hybrid system has made some stock more volatile (Exxon Mobil - XOM), while making others move a lot less than before (Corning - GLW). And of course, there are others that behave almost the same as they did before (AT&T - T). All three of these stocks (XOM, GLW, T) are all part of the Hybrid system and by the end of the year, all stocks trading on the NYSE will be Hybrid.

I have listed the oldest post first and the newest post last. And so, here is "The NYSE":

Hybrid Is Coming! Will You Be Ready? - posted on Sept 12, 2006
  • In this post I realized that Phase III of the Hybrid system was fast approaching
  • After briefly looking into the changes that were coming, it sort of caught me off guard and made me realize the extent of the changes
Nobody Likes Change... - posted on Sept 14, 2006
  • After reading about the Hybrid market in-depth for a few days, I came across people who complained about the new system and about several last minute changes the NYSE were making
  • The main point of this post was that obviously nobody likes change - my take on the changes: adapt or die!
NYSE Stocks & Their "Personality" - posted on Sept 18, 2006
  • In this post, I talk about how stocks on the NYSE have their own unique personalities (they way he move, how fast/slow the specialist is, etc)
  • I review the personalities of four stocks: Walmart (WMT), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and Advanced Micro Devices (AMD)
The New NYSE Arca - posted on Oct 2, 2006
  • New fees for using Arca were put into effect on this trading day and it affected the way I traded
  • I also noted some observations about using Arca on this first day the new fees were enforced
Welcome To Phase III - posted on Oct 6, 2006
  • This was posted on the very first day Phase III began
  • Only two stocks were Hybridized on this day: American Express (AXP) and Equity Office Properties Trust (EOP), though I didn't get a chance to trade any of these stocks

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2 Comments:

  • JC -- You write: "Upon reflection, some of these posts made it seem like the Hybrid system (which is currently being implemented) would mean the end to the way I traded, but from what I have seen so far, this could be farther from the truth."

    I appreciate the I'll-figure-it-out spirit you're bringing to the equation. The Hybrid Market is indeed changing how people trade, and good traders are adapting to that evolution.

    I also want to thank you for mentioning HybridTalk as a source of information.

    Happy trading!

    By Anonymous Ray Pellecchia, at November 20, 2006 12:49 PM  

  • Ray,

    I thought your name seemed familiar! Anyways, thanks for your comments and thanks for visiting!

    Keep up the great work over there at HybridTalk - I don't know where I would be without you over there answering the influx of questions.

    I wish you all the best!

    By Blogger J.C., at November 20, 2006 4:51 PM  

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