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I dont want to come off like a smart ass here, but it is not that difficult for someone to make a living trading. At <.005 commish and prop firm leverage, you really have to take some stupid risks to not make some $ by the end of the month. Geez, follow S&P futures, the favorite prop firm...

Maxgain, but all of the popular prop firms offer the same things. They are all teaching basically the same strategies. They all offer you the software platform, get you in with a capital contribution, mark up your commish, and you take it from there. Rates (even .001) are the only...

People complaining about how its getting tougher - it's the same game it always was - greed/fear, and people trying to make money. The creation of ECNs in 1997 and start of electronic trading available to everyone in the 90s, along with steadily declining commissions have been great for...

I think the fundamental problem to be solved in trading is determining whether a trend will continue. The trend just being the direction the price has been going in whatever previous time-frame. If it does, simply trade with it (use Moving Avgs). In a choppy market, trade against it (use...

Yes, although I don't have access to charting that I would like to track this. I previously used Realtick for this, but let my subscription expire recently.

Anyone else having this problem? I have an IB account that was converted to a Universal account in July 2002. (Old account number starting with an S, new account number starting with a U) Now the yearly statement with all transactions is available on the site but only from July 1 on...

I think there are two approaches that can work well.. 1. Always enter both sides of the spread, NEVER hold just one position or the other. 2. Enter one side of the spread, if it moves in your favor sell it for a profit. If it moves against you, take the other position in the spread...

Buying at 20.

No bets allowed on this, so he doesn't risk anything by setting these odds. If he is wrong, nothing lost. If he is right, he gets to hype the fact he "predicted" an unlikely stock market bet and get good publicity for himself and his company. Just like they hyped his Sopranos pick...

No bets allowed on this, so he doesn't risk anything by setting these odds. If he is wrong, nothing lost. If he is right, he gets to hype the fact he "predicted" an unlikely stock market bet and get good publicity for himself and his company. Just like they hyped his Sopranos pick...

Not to slam PD, just watch out for marked up ECNs, it is misleading to hype a rate (and a max rate), when you tack on a .005 for the ECN or NYSE. It's not really a max rate then.

You might want to watch out for Pointdirex, they mark up their ECN fees, resulting in a higher rate than it seems. Last I checked, Nasdaq (Supermontage), INCA, ISLD, and ARCA charge .003 to take liquidity, and rebate .002 to add. .004 if the order is routed to another market center. Make...

Yes, this can be automated. My program will exit both legs of the spread at market when a predetermined price is hit. (I wrote this program myself, because I couldn't find a commercial program I liked that would do it), pretty easy in IB's API. Spread finally coming down, is about 67-69...

I said .004 before ECN fees. .004 without ECNs is about equivilant to .0065 including ECNs. (Firms usually tacking on .0015-.0025 to cover their ECN charges).

Try Bright, Echo, or Andover. All allow remote and are pretty good guys. For 2 million a month, you should be able to get at least as low as .004 + ECNs or .006-.007 (ECNs included). Prop is better than retail, more leverage. They should let you start for as little as $10k.

I prefer 1, 5, 15, 60 min, and daily charts and 5 and 15 period moving averages. Each point translates to a Dow point, which is $5 per contract on the YM future. So 20-50 is 30 points gain, putting on one contract each of the ES and YM - would be $150 gain.

Discretional, yes, although this could be made into a set of rules and automated, which would take out the human decision making process as I believe you suggest. ie Buy position at bottom of BB, Sell at top of BB OR if greater than 10% above Moving Avg OR at middle of BB ONLY IF in...

I may close out the position if the price moves way above or below its moving average, or at 50% retracement (middle of BB), depending on a number of other conditions like the level of volatility and what the charts of other time frames look like.

peugeot - Sorry, I missed that previous post. That is correct about the Bollenger bands. I will take a loss, but I don't have a quantifiable criteria to determine when to take the loss vs. when to double up. I am working on this, will probably be something based on a combination of time...

Seth - My understanding is the Dow is the sum of all the components' share prices divided by a "divisor" number. Not sure what, if any, effect dividends or splits has on the Dow, since I believe the divisor is recalculated on these occasions. More at www.djindexes.com The spread has shot up...