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so CFA helps for what positions exactly? sell side firms? curious why are you cribbing about level 1 CFA ...

Anybody has experience with tower hill trading? how are they

Well, its not wrong either maybe, but then its not a level field? margins for various products vary considerably, some fund managers maybe calcuating ROI on the notional value. In which case what you would be saying and what the fund manager would be saying will be different by miles. It is...

NoDoji is good might mention another trader MtnMan on TST chat. really good trades(only thing is he didnt trade a good size, but still that doesnt really matter so much i guess) Does Nodoji has a journal online?

You can pick up doing exchange listed spreads if you are just beginning, much easier to make money in, less hft's, mostly mean reverting. Flip side is, you'd need less rountrip costs, since multiple legs are involved.

I am guessing you are calculating the returns on margin money.(which isnt right) Also its a ton easier converting 800 into 8k, much harder doing it with bigger money

Good luck man. One part of trading is definitely is about staying tough and keep on trying. Automation may or may not give you the edge you desire, but dont give up hopes on your discretionary trading. There may always be an angle which you havent looked at.

I am asking simply out of curiosity. Proprietary firm - As defined by CME, for ECM requirement . I know only a couple of good discretionary trading firms. But even there the top traders make are limited to making a just under a million / year to a few millions.(top 2 or 3 traders in firm,) The...

It helps if you are a firm doing big volumes. A lot. Can always lease out a seat if you are an individual trader i guess

is there any DOM, which could do this on a phone?

Thank you for that. So net fee per side = CME Globex clearing fee + Globex fee + other applicable fee? How do seats return yield :S. (apart from fee discounts, that is.)

wow . quite a trade, wonder what made you so confident, timing a bit off though. looks bleak days ahead for silver and gold, copper as well. gl

Na i doubt it , it prevents traders from trading electronically for two years. Two years is a little too long for it. i had heard about a 6 month restriction but did not have an idea about a two year timeline. Basically cant trade vs previous ECM for two years.

Well i do enough roundtrips as an individual trader to go for a lease. just about. But purchasing a seat and going for a lease are two different things. I read somewhere that discounts for the both differ? I am interested in knowing what a Proprietary trading firm, specifically, can do to...

Curiosity is fine , i trade much the same way. It's hard to keep a $ stop loss in these times, because you dont think along those lines. Fixed it by keeping an iron hard discipline of not losing more than x on any given day.

So what I understand is - Trading privilege = getting discount of any kind on fee? and if I had any kind of trading privilege in past 2 years, I cannot get a new privilege i.e get registered as a trader for an ECM, for discounted fee - until two years have passed? I dont see the logic behind...

I was going through CME rules,when i found "However, traders, including owners of the trading firm, who currently own, hold, or have owned or held trading privileges in any CME division during the two years immediately preceding their registration as a trader of the firm’s accounts cannot...

The difference for the transaction costs per roundtrip is huge between non members, individual members and equity member. It matters a lot for day trading and for trading spreads., with multiple legs. I understand that getting to be an individual member, is expensive. Definitely out of...

Yes, CQG is overcharging for API, but they charge extra fee for every little thing. To use Rthmic, need an account with them?

Ok, i got a reply from CQG, there seems to be an additonal fee of 45 USD/ month if you want real time data feed for the API, another 245USD if you want order routing for API. Have you ever used it with C#, how is the documentation, is easy to implement?