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Here's a point of edification for the board's (and the nation's) "anti-speculator"/"anti--oil-company" conspiracy theorists: the US isn't the only market in the world. http://www.forbes.com/markets/emergingmarkets/2008/06/25/fossil-fuel-forecast-markets-econ-cx_lal_0625markets26.html

Even many (my guess is, most) "clear plans" will almost certainly lose money in the long run. Without a real edge, any trader is simply toast, plan/discipline or not. The market being an ever-changing entity, we've got to make an educated guess about this ourselves; but that's just part of the...

While I agree that "loving market" is a bad idea, one has to at least be interested in trading to try it and continue doing it. And I strongly doubt that those who most enjoy trading are the ones most prone to failure -- unless, of course, you strictly define "loving market" as seeking...

That seems just awful to me -- so everyone who tries trading and is unsuccessful is supposed to run his/her entire life savings into the ground just to "stay in the game"? There's a lot more to life than trading. Staying in at all costs completely defies even a modicum of wisdom.

That is simply wrong, as a general statement. I'm sure you can construct scenarios in which it isn't, but these would be rare and/or contrived. C++ syntax isn't objectively worse than Java's or vice versa -- it's really a matter of opinion (although I personally favor the Java syntax...

Java and C# are slower than C++, for almost all applications. C++ is simply closer to the machine, and no religious ranting and raving will change that. That DOES NOT, however, mean that one should use C++ instead -- in fact, for most business applications, I'd say Java (or C# if you like...

Java and C# are both linked in with "platforms" -- Java's own platforms for Java, and Microsoft's for C#. You may find them somewhat easier to learn than C++ due to their built-in memory management and tightly integrated development environments, although they may be too slow for certain...

Fortune's Formula by Poundstone will probably tell you everything you need to know regarding Thorp's work from the Beat the Market era -- and a lot of other interesting history/math/etc. as well. http://www.amazon.com/Fortunes-Formula-Scientific-Betting-Casinos/dp/0809046377 Here's a...

That brings up an interesting question -- why did HE choose to go into investing if he regards it purely as "selfish activity", as seems implied by your post? Is he saying he regrets his career choice? On the other hand, he (if he really exists and feels that way) may be referring to poor...

Penson introducing brokers can offer the full range of what you're requesting. Interactive Brokers of course has equities and some futures, but may not have all the commodities futures you're looking for (?). If you are a somewhat bigger trader, then you can use RedSky/ITG or Newedge...

In my opinion, the open might be the worst time for your order if it's at market, since you have no idea what price you'll get. If that IB order works well, that might be the way to go. That sort of scaling sounds similar to what institutional brokerages offer their clients with VWAP-type...

Sterling Trader Pro is also a decent platform with a good API -- it has a C++ API, but most of the example code is in VB, so that's what most people seem to be using.

It's true; Refco retail US accounts lost nothing (I don't even think there was an interruption in the client's ability to trade), even when Refco went under due to massive corporate fraud. And anyway, there's no indications of fraud at MF, although expectations for the core business itself...

In my experience, infrared mice may jump whereas mice don't (at least not the better ones).

Far from being designed to manipulate prices, ICE was instrumental in breaking the previously-antediluvian NYMEX's monopoly on certain North American energy futures markets, thereby dramatically reducing trading costs for crude. ICE, and the CME's going electronic, are, in my opinion, the...

Anyone know what the field OpportunisticTrade does exactly? Does it just enable/prevent routing out, and is it avail for all execution venues? Thanks!

Good idea for a thread -- it's nice to have all this info summarized in one place. I can also confirm Penson $550k for PB -- they also have a fee minimum of I think $5k/month. But you may be able to get a non-PB, Penson "introducing broker" to do this for as little as $100k; I don't know...

Practically speaking, I agree. But even a high-liquidity issue traded on all 6 exchanges COULD be subject to this scenario. It depends partly on how MM's react to one another's prices, which surely no one knows with certainty but which IB can probably estimate better than almost anyone. I'd...

Note, however, that this scenario would give Timber Hill/IB an incentive to post a worse bid/offer than they would otherwise in certain circumstances, and that in turn may lead to a worse NBBO (from the perspective of the liquidity-taking customer -- and everyone else's customers, for that...

FIX is perhaps the best for version stability and cross-platform stability as it's an open standard, but good luck getting it from most places unless you're doing enough volume for them to decide it's worth it.