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Thanks for the replies. I'll just go the prop route.

Stocks/options

Is there a broker out there that allows you to bypass the $25000 requirement for day trading? I remember there was one out of the caymans but forgot the name. Aside from prop shops.

+1 The best

Retail traders account for less than 1% of market volume. Doesnt matter if they come back. I dont have the research paper in front of me but there were calculations done to see what nominal $ value retail and retirement planing accounts traded. It equated to less than 1%. Retirees hold their...

Depends on your volume. .002 - .005 is standard for traditional prop accounts. If you are set up to do high volume algo scalping you can get .00015- .0003. Most firms will require you to trade very high volume liquid stocks for this plan. 20million+ volume minimum for the month. I currently...

Go with CTG. BSI is set up in the west indies and doesnt appear to clear thru FINRA or CBSX. Unless there are tax advantages trading with them or if your Finra licenses have been revoked, Id stay away. No advantage compared to a US prop firm and tons of capital risk. I mean you could put up 5k...

They are not required to send out the finalized K-1s until september by irs rules. But in my experience the better firms will have it to you by tax time or at least an unofficial K-1. It is totally normal and standard for them to wait until September. Pay what you think you owe and just file an...

halt rules do not apply pre and post market

Using SMARTMID you can get those fills. If the spread is 7.61 by 7.62 you load your smartmid order to buy at 7.61. You will get filled between 7.61 and 7.615. The odd sub penny trades that post to the tape are generally orders that have been internalized at brokers. Like 7.608 or 7.6179. There...

ALEX had a buy imbalance at the close. With this new issues sell side shares are hard to find. You just had algos trying to acquire as many shares with minimal market impact. Hence the thousands of head fake quotes. Learn the pattern and get long then sell the closing print.

Iso orders give up the requirement of having to route to NBBO. A market b ISO order will execute completely at market b. By definition they do not route. Even if market b was not at NBBO.

To update I was referring to software firewalls. My first mistake. I trade remote and havent had to deal with this issue until now. I have previously traded on location and the IT infrastructure was in place. From my understanding now I need a hardware firewall/router. For sub $500 what is...

The other trader is using a specific order type. Either a Hide Not Slide or a PIP order type. PIP stands for price improvement peg. Theses order types are hidden orders that have the capability of intercepting any order trying to hit yours at a small price improvement. $0.01 for stocks over a...

DB9 provides seamless access to about 10 dark liquidity sources, seeking out liquidity with minimal market impact and information leakage. Breaks up trader’s order and rests in various dark venues. As fills occur, Stealth intelligently allocates the order across the pools to help fill orders...

Total BS and archaic..... C is one of the fastest languages. I have no clue why they started with VB in the first place. Sterling is riddled with issues. Its an opportune time for a competitor to take market share.

D is dark pools or late trades. Any trade that occurred not on a public exhcnage.

Meditation... or find some spirituality. It takes a conscious effort to separate yourself from your 'ego'. There are several books out there that could help. The author Ekhart Tolle has several books about 'self' and 'ego'. Also Jesse Livermore's books are must reads in regards to trading...

Anyone know of a good firewall that doesn't increase latency. I am having trouble finding a firewall that doesnt slow down the packets to and from thru my trading software. I dont want a firewall inspecting every packet(order/message) I send. It slows my orders down by nearly a second. Im left...

Do not try and make a specific dollar amount a day. You can only take what the market gives you. These percentages have not only applied to myself but 100's of traders that I have worked with. You make 50-75% of your annual profits from only 3 months a year. You make 20% from a single week...