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switch to CQG. very simialr to j trader, much better data feed, and usually cheaper to use.

EBO, crawl back under your rock.

I thought in futures, that stuff doesn't go on. I was under the impression that the big guys can't hide their size. That ist a level playing field unlike equities on the exchanges.

What benefit would that provide. Just curious. Don't really understand it

What exactly are they? and what would they do for you?

My guess is stands for stock Index futures. As far as the program trading. At first it was a pain in the ass but i have learned to take advantage of it. If you follow price action only it shouldnt make much of a difference.

You guys are missing one very important fact. The deal at schonfeld may not compare to other prop deals, but you can walk in there without a dime, trade a ton of money, and if you lose, you owe NOTHING. Name ONE place other than Schonfeld that you can do that?

Always go to the BASIC section on the NFA website when you want information on a particular firm.

Does Transact clear their own trades? Is there minimum account for these rates?

I use the ADX with BB's. Low and non trending ADX readings should give you nice reversals off the band touches. High and trending ADX readings should lead to as you say "sticking to the bitch" moves.

Thats why i'm bullish. All you guys waiting for a pullback that might not happen, therefore you will be buying much higher causing the market to really spike

LOL

CTA rules are much more LAX then Hedge funds. Remember you are not pooling $ in a CTA. All a CTA is a fancy name for futures broker like a stock broker.

First you need to pass the series 3. Then you need to register with the NFA as a CTA, get fingerprinted, pay the initial CTA fee which is $800 i believe. Then you need to prepare your disclosure documents which are explained in the previous post. After they are approved by the NFA, you can...

put price action on your list, then check it off

I agree, thats the best way to go

Best way is to take your records and have an accredited accountant audit it. This will make your track record more official.

Not so sure about that, all my positions just gapped and at the end of the day the market was a little lower than where those positions were at the time of the announcement. I remember that day well, was my worst day. I though that was it

Stops would of been worthless that day, eberything just gapped up

I dropped 45K that day in 5 minutes. i think i was short 9000 shares. Didn't kill me though. Made it back and took home a check the next month. Wasn't my money though, if it was probably would of been it for me. One of the advantages of trading TRUE prop with no money down.