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While I have no doubt that your own personal discretionary system is consistent and repeatable and defined and rules-based - I'm afraid that the majority of those who proclaim themselves to be "discretionary" are, indeed, not cognitively organized or disciplined enough to escape self-sabotage...

So true, especially if you are day trading or higher frequency regimes. Tight stops and you are just daring the market to take you out. The fact of the matter is that we live in a reality of choppiness and turbulence. So, if you are trading flat price, IMHO your only viable alternative for...

How has Interactive Brokers been in terms of correctly margining futures spreads for positions held overnight ? Do they follow the exchange SPAN margin credit offsets ? Any feedback positive or negative would be useful.

Forums > Technically Speaking > Technical Analysis > Iris Pairs Trading Platform - Identify technicals easily on proprietary charts Maybe they could pony up for a sponsorship like the rest of us vendors ?

Please balance your cash flows while pursuing this endeavor. Unless your are financially self-sufficient it would be smart to work a job and support yourself while learning what you can about markets during the evenings and weekends. I'm not saying don't pursue your dream - I'm suggesting...

I think that RN's response was the most sensible of the lot. Each person has their own comfort level regarding risk and drawdowns and their account capitalization. There is no such thing as certainty in trading, and if your personality demands "certainty" please find another line of work - a...

Amen brother. Quite well done and spot on.

Just to clarify, these are futures positions, not options or options on futures positions I listed in the original post. I have clients using different trading platforms, including IB TWS, TT, CTS-4. We find that using the exchange supported spreads ( where the exchanges matches and fills the...

The fact that there exists a population of market participants who show a positive P&L over an extended period of time and without "inside information" IMHO dispels the theory of randomness. I just think the academics are a bit lazy and uninformed. BTW, there is also a population of well...

Well, speaking for the futures traders It doesn't matter if you're full or part time - you fill out Form 1256 and those results make the trip over to your Form 1040. And it doesn't matter if you're full time or part time if you want the benefits of blended capital gains you simply can't carry...

You can burn through ALOT of money very quickly screwing around with one-lot futures in CL or ES or 6E or GC or ZB or just about any futures contract. Consider: the initial margin requirement to carry one ES future contract overnight is $4,758. There IS another way. Some random inter and...

Only a handful of my clients have FCMs who are LME members or who have give-up agreements with LME Member firms. It's too bad that the exchange membership won't expand access to their markets. The clients that I do have trading LME do very well with it. Lots of spread trading opportunities...

I hate using generalizations when it comes to trading. Humans love simple, constant rules that maintain their relevance and somehow ring true to their own point of view about making money trading markets. Markets are in and always have been and always will be in a constant and dynamic state...

You know a lot more about this subject matter than I do. I just thought I'd come and visit and say hello. I appreciate your posts, I have an alert on them and read them, and did not want you to feel completely abandoned and alone. Copper is a material that speaks to many aspects of economic...

I wanted to show the capital requirements to carry a diverse futures spread portfolio of positions overnight. IMHO, it's the cheapest and smartest leverage in the entire industry. Take advantage of it. It's cheap because all major futures exchanges extend substantial margin credits to...

Just from what I have seen from private message questions and inquiries, I would opine that day trading anything has morphed into a very, very difficult endeavor. My sincere props to anyone who can do it for a living with a point-and-click mouse. I know that there are traders who can do it...

I would urge the grain spread traders to give the ICE - NY Softs markets a serious look. Myself and many of my clients have been doing really well with the Coffee, Sugar, and Cocoa spreads the past few years and on a consistent basis. In fact, I have two clients who were former Full Members...

The correlation between Copper and S&P 500 used to historically be very high, but the OTR data for the past two years has really made an epic decoupling ( in fact, it is currently - 46% ! ). If anyone has access to the Lead markets on the LME, the correlation is + 90 % which is pretty decent...

Just from what I have seen from private message questions and inquiries, I would opine that day trading anything has morphed into a very, very difficult endeavor. My sincere props to anyone who can do it for a living with a point-and-click mouse. I know that there are traders who can do...