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Sorry if I'm being extra-dense here but, that's precisely my point (I think). Trading a $2000 margin means you've got to burn through 40 points before you're out of business. Trading a $500 margin means 10 careless points and you're done. Aren't we saying the same thing? My 50-contract...

No offense taken but, sheesh, does anyone on earth scalp with those kinds of margins? If they do, could they possibly be doing so for very long? Good sir, a $500 margin means that a ten point adverse move on the ES would OBLITERATE YOUR ACCOUNT. I assume such advertised margins are only "for...

Just for the record, it's 50 contracts. NOT 500. My typo.

Anyone?????

Hi -- As a relatively new trader seeking to fill the empty space between his ears, I've stumbled trying to decipher the nuances of order flow. Watching the numbers dance around on the ES...the ask showing 837, the bid 62 -- bullish or bearish? Sometimes yes, sometimes no. Really, no apparent...

Possibly steming from the same impulse that leads to road rage?

Well, actually, yes and no...funny I just met him, as he was former business partner of my Dad's. Anyway, the guy's mathematically inclined, etc., and had been taking an interest int he markets, reading books, and whatnot. Losing lots of money. Then, one day on vacation, walking a beach in...

Actually, I just met someone who has become quite rich doing exactly that....if you define "rich" as a modest income in the low seven figures. Ok, maybe not "rich". But awfully comfy...

no -- especially when you're trying to trade it... tick, trin, bonds, rusell 2000, the orbital path of jupiter, you-name-it, may have their moments of syncronicity with es but the question is, how do you know you're in the middle of one of those "moments" when it's time to pull the trigger...

Anyone have experience consistently scalping for one-to-two points on the es with anything more than, say, five contracts? Is it possible to do this with larger size, say 100 contracts, during regular market hours. Or does slippage become a significant factor? If you can do it with 100...

Refco ties in through eSignal, and you get a discount on eSignal, which might be appealinh...

In other words, price action means getting whipsawed to death by price action...

Um...What?

This is really interesting, Lon -- Thanks. A couple of follow-up questions, if I may... 1) Why would one trade with a "bucket shop" if one could trade through an ECN. The fact that you use both suggests some advantage to the "bucket shops". What could that be? 2) Why are currency...

How does that work, exactly, "trading the interbank market". Are you automatically "trading the interbank market" when your order size exceeds 110k? And, once you are "trading the interbank market," what does that mean, as a practical matter? Do the posted prices suddenly match the prices you...

thanks Late -- who are the other ecns out there?

for the ignoramuses out there (including me...) what's the advantage of a pit-traded future? also, isn't that only for the full-contract? thanks

I posted this on another thread but it might be more appropriate for this one, so mea culpa for the redunancy but I'm wondering if any/all could comment on the following excerpt from the IB website: "IB is the first broker to provide direct-access forex trading with interbank quality spreads...

from the IB website -- knowledgeable folks, is this bullshit? "IB is the first broker to provide direct-access forex trading with interbank quality spreads, institutional size and no conflict of interest. Unlike other FX dealers that trade against the customer, IB evaluates multiple major...

very kludgy price action. comstock quotes on the eur/usdl, for example jumping around in a 6/7-pip range, while the Refco quote just sits there. It's not what I'm used to from the big exchanges. I don't like it. How is Refco deciding its bid/ask?