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Virtually 100% of my profits come from capturing the spread... It's the core earnings engine for every successful trading firm. You can do momentum or reversion or quant whatever... That stuff works well in high volatility periods... But it's the spread that keeps you in business year...

There isn't a single piece of hard information in this thread. Someone start giving examples of securities, fees, spreads, etc... Or mods please move thread to the Travel Section... Or maybe the ET Hobo Discussion Forum.

Lurking Hall of Famer. The stuff of legend.

It comes down to: (1) You can chose low variance A. You can make unlimited money. You can run a socially respectable business. You make a positive contribution to society BY BUILDING... Creating jobs, etc (2) You can choose variance 20 times A. You...

Even among the Top 1000 Poker Players... The vast majority have serious, compulsive gambling problems... The majority are are on a busto/robusto rollercoaster... And rely on the staking business and casinos to put up buy-ins... And keep them playing for a long career. Only certain older...

Stats arb is primary application of back-testing. When doing INITIAL BACKTESTING of stats arb... One simplifies, simplifies, simplifies... I use ETFs, not Forex/futures ticks, at first... To look at basic correlations. Once you are actually trading... One can optimize with more...

You must work for Dell... Probably from some Asian shithole... I believe the TOS requires that you get an ET sponsorship. The biggest problem with Dell is not even support... It's non-standard parts that lock you into expensive Dell service. 5 years ago I had 5 Dell desktops... and a...

Forget it. Do something else. Any prop firm that hires you... Just wants to Skin Another Mook.

I specifically DID NOT state... That IB is trading against me or jumping me or their own Customers... But that OTHER BDs most certainly are... And this is all perfectly legal... And how the game has been played forever.

Great post... But I'm not really getting "fleeced"... Because I have 500 orders out there at any given time... And I am completely agnostic which ones get filled. It's more like my volume is being reduced somewhat... And I'm being chiseled... which is the Way of the World... And it's all...

Please explain to me in simple terms... How a Limit Order is adversely affected by your theories... (Especially since I get price improvement on 20-30% of Forex Limit Orders on IDEALPRO... Ranging from 0.1 to 0.5 pips). If your theories only apply to Market Orders... Then you are a...

Why do you need > 20:1 leverage in volatile futures market... With the world on the edge of Crisis since 2007... And far more than that on spreads? Why would IB want Customers like that?

Understanding Zero Sum Game math and randomness... Is so focking central to trading... That is you're not a savant in this area... Like you were not the Math Genius in your Grade 5 class... And have not been obsessed with gaming, etc all your life... Just go do something else like start a...

It's all wildly volatile and ineffective... Unless you are hedging stocks directly on a sector level... Within large long/short baskets (like 100 positions each side)... And doing it very intelligently. You must have the infrastructure to manage long/short baskets... In real time... And...

It's amazing what this says if you read between the lines. (1) Only one Canadian broker has infrastructure to charge IB rates. (2) Only one Canadian broker is motivated to build such infrastructure.... As opposed to just ripping off their Clients, that's the easy road. (3) People...

Have you done even the most basic stats analysis... And I'm talking high school or 1st semester Freshman type stats... To determine if your results are meaningful within certain Confidence intervals?

As someone who does 1,000 trades/day... And uses > 99% Limit Orders I trust IB's IDEALPRO ECN infintely more than, say, the NYSE... Both in terms of order priority and 20-30% price improvement. If you trade Forex using any sort of market order... Or any "stop" that turns into a market...

All HFT systems have an asynchronous component... Which spends all day scanning for issues like this. HFT systems are managed by a Pro Trader... Who trouble-shoots various issues all day long... With intelligence orders of magnitude above machine intelligence. Pure black boxes are quite...

"take all these sons of bitches down" "Demolish the offices" "beat the employees senseless" "tie them up and bury them in the sea" Another GAY, weenie rant... 2000 of these make ya feel better, babycakes?

This may have been good advice 5 years ago... But if you are not developing and running Bots today... At the very least Low Frequency Bots... (This is not exactly Rocket Science)... Then you will not have a viable trading business. That's Ok... Because many people here are not in the...