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Old 09-24-2007, 04:18 PM
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Re: squawk box?

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Thanks, great tips. I was looking at using traders audio when I'm ready to benefit from it. Glad to hear some good remarks on them.

I want the pit noise more so than the caller I think. For the exact reason you said, to fade emotions on key level breaks. Just like I'll watch the tape and see if the big blocks step in or if its all noob emotional buyers.

And would you say on continuations you want the noise to blast and the pullbacks to be soft volume?
mc - It sounds like you are new to trading if I recall from your posts. I am going to suggest this - forget the pit noise. You do not need it, esp in the beginning. I think you are going to waste a lot of time and money trying to hear what the pit might be telling you through an internet connection. As others have pointed out, those that do trade for a living, this noise is just that - noise. And part of your trading plan will be to filter the useless noise out. Creating additional, unnecessary noise for yourself is just adding another hurdle.

If you really want to feel the pit, you need to be there.

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