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It's just so sad that the underwriters specifically targeted the retail market, just to extract every last cent they could for the angels... If MS couldn't even put a proper valuation on this pos a week before issuing, how does joe lunchbox even begin to try and figure out what its worth? They...

Yep, I think that's correct. I've been trading futures through AMP for several years. I opened an account with them in Vancouver with no issues.

Awww... Did mommy and daddy get filled at $42? So nice of you to join ET to try and help them out :cool:

Sorry, my mistake. I meant that I agreed with ScalperJoe in that $6.50/1k is expensive for Prop - nothing wrong with that pricing for retail. Based on the deals that friends of mine have gotten, there seem to be some good Canadian firms that offer 0.20/1k with 80%+ payouts. They have been...

Yeah, ScalperJoe is right - $6.50/1k is way high. You should be able to find 0.20/1k in the right environment. if you're retail, I don't know how many brokers pass through ECN rebates (mine doesn't, I just don't pay for adding liquidity). Probably not a viable strategy based on your cost...

You've nailed it - counterparty or C1 risk is the reason no one will buy from you... Trust me, the risk profile of all counterparties is scrutinized in depth, especially in this environment. This is the realm of the institutional players who can demonstrate the deep pockets required to make...

I'm rooting for you keeptradin! There's always an ES ticker open every morning so I can see how its going. I think this is a fun idea - take a basic method, test it, then hopefully slowly build it into something. Great exercise to demonstrate that you have to start somewhere. But...

I think this thread has spiraled way out of control. I'm sure it started with the best of intentions but its become a ridiculous witch-hunt. What does an ad for a gambling method have to do with trading educational vendors?? Because it makes a comparison to stocks and forex - who cares...

Having traversed the route from scheduler to trader, it's a great way to break into the industry. However, it's not as glamorous as it sounds. Physical markets are a different animal and depending on your role, it's a lot of risk management (get ready for the risk guys to be all over your...

I believe its 0.20 RT to use the static DOM. From what I remember, its a licensing fee paid to TT (anyone feel free to jump in here if I'm wrong) Cheers

I'm not sure what to say... I've used the direct edition via AMP/CQG for almost 2 years and I've never paid a dime. I do pay the extra fee RT to have the static DOM but that's it.

You are incorrect regarding commissions. $1.99 is the base rate/contract, RT - flat, all fees in. It is not charged x 2 as per your example. I believe this rate is fairly std for most brokers offering Micros.

That's not true. You get the standard version (or whatever It's called) free for live trading. You need the license for the ATM features, chart trader, etc.

Yes, right on the money! Opportunity arises when supply curtails/increases at basis points and other points pull/push as a result - very location specific factors are the play. HH futures are going lower - that chart is as ugly as you can get! Hot winter, incredible storage glut, etc... I've...

I used to trade NG basis but I traded directly on ICE with webICE as the front end - Western Canadian points. Just curious as to why you are interested in basis trading? Are you looking at calender spreads at certain points or cross-point spreads? JO

This is pretty interesting - I don't trade equities or FX but theoretically both you and your b/d can both make money simultaneously? Please let me know if this is correct (worst case scenario with b/d trading against all client orders): Say you long X currency @ 1.00 through a bank fx...

It didn't affect my trading negatively at all - in fact, it improved greatly. I came from an energy trading desk and although I loved the job, I hated the bullshit corporate politics, favoritism and outright incompetence being rewarded for all the wrong reasons. Actually, I believe I posted...

Unfortunately not, because those people are all working 8-10 hr day jobs. I recently test drove retirement (early 30's) to spend time with my little boy while my wife worked. I loved the time we spent but there is just no social interaction to replace a working environment (at this age at...

Exactly - meant to "weed out those couldn't study and pass the test". So the OP here wants to become a career trader but doesn't have the motivation to take ONE exam in order to achieve that goal. How many "big long books" do doctors, lawyers, or mathematicians need to read and be tested on...

Well seeing how you are so motivated, driven, and clearly willing to do whatever it takes to succeed, I'll personally call Jamie Dimon on your behalf :)