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Are you allergic to Limit Orders? Do you set money on fire for fun? Firstly, I don't believe the first part... Where Forex Market Orders results in "little or no slippage"... There's no ECN on the planet where that would happen... Since you are trading against Pros that make a living...

Being alleged "best of class"... And making money for your shareholders... Need not have any correlation. TP has diabolically structured the public incarnation of IB... As 100% win for TP... and 0% win for the public.

As someone who's run a trading business for 15 years... IMO people who claim to be "done by noon", etc... Are completely full of shit... it's just not adult thinking.

Good post. But your cost analysis is irrelevant... Because a software engineer that can work with real-time data... Is worth at least $10,000/month... And doing anything intelligent with terabytes of tick data... Storing and converting all that into useful trading signals Requires AT...

No one cares about your "intellectual property"... There are MUCH simpler ways of taking your money.

And this does what, exactly, for you? "Services" like CNBC, Briefing, etc... Just flood you with "noise"... you get no "signal"... By the time you get the "noise"... 1000 Pros have stepped all over the "signal". Only a paid, quality squawk service might have some value... And that only...

You have to be a 24/7 expert to beat hoops... You must have played or coached the game at a high level... You must have quality inside information... Any sort of quantitative or technical approach is useless... It will have you betting against the wise guys every day.

Unless you are capturing the spread... You are paying about half of it = you are fucking toast... I doubt anyone could absorb even a $0.01 spread in the long run. The way you capture a spread... Let's say a $50 stock with a $0.07-0.08 spread that trades 300,000/day (I do this everyday)...

This is the whole ballgame... People are dredging pop psychology... Because they have no edge or cannot execute basic hedging.

If you trade low volume stocks this is common with free IB... In fact, tick data for these types of stocks is of no value, in general. It's pretty much impossible to do any meaningful trading... Without cleaning, normalizing, manipulating, storing, analyzing, etc... Large amounts of data...

Guys like Peterfly don't retire... They die with their boots on. But IBKR has been a complete dog... Trading at 11 times earnings.

90% of this thread is retarded. Pro traders run actual businesses... They have Accounting Firms and Financial Statements and do complex Tax Filings... Which might cost $10K to $20K and UP annually... They have Partners and web sites and are lawyered up to the tits... So all of this...

You completely missed the point of my post... Which is a simple mathematical, security point... Focusing instead on excreting a sociopathic "insult" worthy of 11 yo. If you have 200,000,000,000 possible number/letter combinations... What idiot at IB decided that the "security cutoff" was...

There are no laws, regulations, or "ethics"... That apply to retail orders in 2012... Retail is nothing more than cannon fodder for Wall Street. Yeah, you can technically find regulations one might think apply... But it's all just Kabuki Theatre... There are endless "exemptions"... That...

No, I'm highly specialized... which you MUST be to succeed in this business. Theoretically, since EXECUTION is 90% of the ball game... If you are a great trader with fabulous infrastructure... You can probably make money with entirely random entry points... But that would be sub-optimal.

Well, if 70% of trading today is Algorithmic... All that, by definition, is done by very advanced, well capitalized people... Everyone working in that space is paid well into 6 figures... These guys have advanced degrees (you know, the smartest guy in your class 10-20 years of HARD work...

Needless to say, I use only Limit Orders. Price improvement on Limit Orders is quite common in the first 10 minutes... (Even $0.05 or $0.10 on my low vol stocks)... And every price improvement is a scalping opportunity... If you can take a $0.05 profit in 20 seconds you take it 100% of the...

Because openings are chaotic... Which, by definition, means they spike too high or too low... Then revert to mean in a matter of seconds or minutes. This happens too fast for manual trading... You have to be auto-scalping baskets to take advantage of this. We are talking $0.10 or $0.20...

"Simple trend following" doesn't work... But it sells boatloads of sexy, glossy color books to idiots. If you cannot explain... Precisely why your methodology makes money... Exactly what gives you a Competitive Advantage... Against experienced traders at all the major banks, etc... Then...

It's all about baskets, not pairs. If you don't have at least 50 pairs in big long/short baskets... And are not scalping it all like there's no tomorrow... You are totally screwed. Convergence used to make big money... But, today, it just helps you stay market neutral... So you can...