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re: "Regardless, I imagine you must be riveted to the screen since you get very little advance notice when to act" if you've got custom software that scans the level 2 quotes: 1) yes you can follow more than one symbol 2) no you don't have to be glued to the screen Based on criteria you set...

Indeed: "However, the purported difficulty in measuring transparency of sovereign wealth funds should mean that the existence of such an index itself is highly questionable."

Doesn't exist with that name. Interestingly, this domain has been taken: http://www.tacgnoltrading.com/ But there is no server behind it.

Well I wouldn't be so sure about that. I know he was an excellent trader without his algo. We'll see what comes out at his trial next year. It's gonna take them months just to trace the money flows and all of the trades.

Agree, but there was one exception to that: Nav Sarao - knocking down a purported $10 million per year....mostly spoofing. Now that's damn close to "Free Money".

Here is some good advice on the topic: https://greentradertax.com/trader-tax-center/entity-solutions/

To the extent that spoofing can be classified as fraud, it should at least be deterred IMHO.

Agreed,but instead of fining traders, all the CME has to do is start charging for cancelled orders and/or counting the spoof orders and flag the account holder that is sending them. But they won't do it.

Wait ! If your Stop order to buy is below the market price, you'll be filled instantly at the market. Did you mean SELL instead ?

That was my point all along.

I didn't say they would not take them, I said they don't actively pursue them.

The Prop business model is to make money on the training and other services....which experienced traders don't need. This is why you see non of them advertising for the "experienced" trader. All those traders need is capital, and no, you are trading the company's money, not your own. Your money...

And so am I.

If the markets go flat, there's always short options plays to make $$$ with.

I built several systems using the CCI and never thought it provided much of an edge. Here's a technician who flat-out thinks it's not usable alone: http://www.moneyshow.com/articles.asp?aid=TradingIdea-28058

http://www.marketwatch.com/story/russia-is-boosting-its-gold-reserves-as-prices-plunge-2015-07-22?link=MW_latest_news Russia is starting to buy gold....China will step-up next.

Then you've built the holy grail Dude.....good for you.

That is a lot if your avg profit is 30c per trade....not so much if you are talking 100c.

What dollar volume of trading is done daily ? I'd like to know what this figure is in percentage of trade $$ and percentage of net $$ profit.

Any system that I've seen with that high of a win percentage has a low Win/Loss ratio. In other words, the profits are many, but tiny relative to the losses. It's almost like a fundamental law of auto-trading. If you have a 60% win rate with a 2:1 win/loss, that's a darn good system...IMHO.