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    Who here trades index futures for a living?

    Index futures, yes, I do. Have since late 2006 when transitioning from equities. Currently 90+% of my volume is ES, 5-7% 10YR & 6E, remainder smaller swing positions in ags/metals. Never use NQ/YM. Intra-session only on ES/10YR. Last year was a slower year for me, but 2013 has heavily...
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    How did you grow your account into a big one?

    Had some hesitation posting this, but I guess if it motivates 1 or 2, why not. I truly adore this profession, and want other truly motivated persons to give it a fair shot. A superfluous wave of negative attitude has in some ways taken over this site. Perhaps small anecdotes like this will help...
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    TTs (X_Trader) new pricing $500

    Interesting, wonder if they actually listened to complaints that were making waves through their network of participating FCM's, or this was an internal decision based on falling revenue. The fact their synthetic strategy engine was not included in standard version was a farce. Now it is...
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    Any shorts left?

    Many longer-term market participants would save themselves much grief if they just followed the SP500 significant higher high, significant lower low principle as confirmation to their fundamental analysis. Most recent significant low is 1350. It would not be unhealthy to have a correction to...
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    1/4% Tax on all stock trades pushed in NY Times today

    I'd love to see the math how 0.06 cents/$0.0006 equates to $300MM in revenue. Around 12.4BB futures and options contracts were traded on 75-exchanges world-wide in 2012. That's roughly $8MM @$0.0006. Swaps/OTC universe has large volume, but enough to get up to 500BB volume on US products alone...
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    The Ultimate Revenge Trade: Ex-Goldman Trader 110,000 emini ES position

    This may take the cake for the most egregious revenge trade I've ever come across. Cliff notes to prosecution complaint & BloombergTV: His entire desk had around 10-12,000 emini ES position limit. His emails/calls with internal risk stated he was long his limit of $65MM, or ~950 ES...
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    How "Pros" size their trades

    Trade futures at a reasonable clip (10-15 RT per session). FWIW, have used fixed fractional sizing for the last ~7 yrs with much success. It is indirectly tied to volatility as the strategy portfolio (5-6 strategies) is structured to directly adapt to volatility. When starting out, I risked...
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    Need new floor mat - tired of plastic ones

    Maybe consider a quality medium pile persian rug that'll help tie the room together. Cut up old plastic protective mat so it's a bit smaller than persian rug footprint, thus completely hidden, but more supportive for casters. You never know, http://www.youtube.com/watch?v=ezQLP1dj_t8 If you...
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    Those of you techys, what are you trading on?

    I keep track of this in MS Word to see how my systems/software change over the years. Build the towers myself. FWIW, here it is... Trading system: Intel 2600K - Asus P8 68V-GEN3 - 16GB RAM Corsair- Intel 320 SSD OS / WD Raptor Storage - (2) x PNY Quadro NVS 300 - Corsair HX750 - Antec P180B...
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    When HFT Steals Liquidity - Exploratory Trading In The eMini

    ZH is a riot when it comes to interpretation. But I wouldn't loose focus of true story at hand: audit data being viewed by a public entity/non-CTFC sanctioned employee. The story wreaks...
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    Background Music

    https://www.youtube.com/watch?v=8jA14tLtS9A Select HD 720 and maximize to full screen. I've run this entire Bergen Norway series on repeat on separate computer & LCD during late night trade sessions. The sequences starting around 15min mark transfer me to another place. Will sometimes...
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    How Many Hours Do You Sleep A Night?

    After all sorts of various schedules over the years, have had to settle on 8hrs, even though I can get by on 6.5-7hr. In bed by 10pm, up @ 6am (MST). Really helps that my wife is on same sleep cycle. Actively trade futures (index/currency) from 6-615am until 2pm. Accounting/data downloads until...
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    ES Journal - 2012

    Back-up around 1230pm MST. Localized Comcast issue it appears. Anyone with issues located here in Colorado? CenturyLink DSL and Verizon 4g were good backup.
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    ES Journal - 2012

    IB phone stated Comcast issue. Still no dice on Comcast link. Been running backup DSL fine.
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    ES Journal - 2012

    Yes, down for nearly 10mins now. Clearing all globex volume now thru my other brokers. Haven't had an IB outage like this, frankly, ever. Not able to connect to any of the farm servers. At first glance, doesn't appear to be an xchange specific issue as I'm pulling data/transactions fine at...
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    KCG down due to rumor of algo gone wild

    Not sure what their reputation is today, but when I heavily traded micro/small caps in early 2000's, NITE was notorious for unloading wholesale shares for several pump & dump operators. Covered themselves on legal, but highly unethical, as their DD on several reverse-shell operators was poor at...
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    Interactive Brokers TWS Bug Thread

    Yep, had 2 such occasions end of day on the ES downdraft. Ex, bought 1313.0 @ ~245pm CST, had 4-5 sec confirmation delay. Called IB, guy says all systems were operating normally. Bologna. Will reload 926 for tomorrow, perhaps it was an isolated event today.
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    Interactive Brokers TWS Bug Thread

    Anyone getting frequent DOM price update freezes with 925 and the latest 926? The hangs last 1-3 secs (no price/depth updates). Could not effectively scalp ES/6E/ZN this morning running 926, and quickly reverted back to 922. This appears to be a TWS software issue as 922 runs flawless.
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    IB - Booktrader 906 no more single click!

    Was told by IB tech today that the 926 standalone is expected to be out next week. They have been working out a few errors in the 926 browser ver.
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    Trading Chairs

    Strongly recommend All-Steel Acuity. http://www.allsteeloffice.com/acuity/ (starts @ around $725) Have had it for nearly 4 years now for trade-desk, phenomenal. 10-hr day type use. For reference, have 2+ yrs seat time in well optioned Aeron, and shorter period in Steelcase Leap...
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