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fitrol, great post and congrats on your success. thanks for sharing both the ups and downs, very valuable info.

qtip, these comments do not follow your original post outline, just random points: 1. I would suggest contacting the NFA, they are friendly and can answer many questions you may have regarding CTA/CPO status. To answer one of your questions, you will have to be registered as a CTA if you...

Potential tropical depression in Caribbean, HHub shut in, Oct contract expiration, 78.5% of gulf natgas still shut in as of yesterday...that's all i got

Well said, and I totally agree. Since recovering from an injury, I've been hitting long irons off the tee instead of driver. Why? I'm staying out of the trees and not spending time hacking out. Grinding it out, if you will. What is the result? I've become a better putter to shave strokes for...

A successful friend went Engineering undergrad then MBA. He went straight from MBA to NYC. He's been there ever since (banks). As already noted, if your son interests lies in the banks/funds, a solid university and a grad degree would be the best bet. If he simply wants to trade (own acct)...

Thanks for the replies. ktm, you bring up a great point. The fact that funds with a CTA are in the client's name may negate some of the prequal necessary for CPOs. I'll follow up with the NFA help desk. Thanks again!

Note: QEP = Qualified Eligible Person I recently read an article in FUTURES magazine noting the need for lower entry CTA managed funds. The article highlighted the lack of low minimum account requirements for managed futures. This got me to thinking (scary): Are there any exemptions for NFA...

St Louis, You mentioned you are trading as an LLC and elected S corp. Why? In reviewing LLC structures, I could not find any reasons why a non-professional individual would select S corp instead of the default (sole proprietor). Am I missing something? BTW: I am not a fulltime retail...

A number of people have suggested Tradestation. That would be my suggestion also. I think a number of the gripes about TS have been regarding data delays. I trade futures through TS and have never witnessed a significant data delay. However, I swing trade, I do not trade mutliple times...

I think a marketer of their own system has to decide on a number of factors prior to licensing his product to the mass public. 1. 1000%/yr sounds like a gimic, not legitimate. If one were to assume this was against margin, not actual capital, then it may be more believable (even with an...

I agree with Aaron, it depends on your strategy parameters. Obviously, if volume is a driver of your strategy, then using SP.C would not be prudent as extended hours see less than market hours average volumes. Of course, if your strategy is a daily direction play that identifies the day's trend...

I do not have any info regarding prop shops, but you do not need a sponser for a Series 3....you need about $400 for study materials and test registration.

www.cme.com www.cbot.com --- good start for index products.

I like YM. I would tend to agree that entry slippage is almost unavoidable, but fortunately my strategies are slower and can handle 1-2 points slippage. It is interesting to watch the YM react to news vs the ES...it seems YM moves at a greater pace for a short period of time. Hopefully...

Actually, it is approximately 12:16 am when the first 90 degree occurs. As the minute hand moves, so does the hour hand. Therefore, you slowly give up time over 12 hours, only achieving 22 90 degree angles over a 12 hour period.

I always love the TA debates. There will always be TAers who make money, and then there will always be FAers who make money. Many have pointed out that a solid combination of both will increase the odds of survival. But going back to the original question, "will TA enhance my odds of being...

Viv, Great journal. I know you've mentioned your allegiance to trading mechanical (I trade mechanical as well), so I was curious as to your expectations on a day to day basis for P/L. A number of times you've had $500+ days and said they were small gains. On a $30K acct, these are solid...

TS is a great platform for backtesting and chart analysis. If you aren't trading huge size in futures, their execution is good as well. However, talking to a human is often time consuming. If you trade x volume, they may assign you a personal rep who will field calls much faster than the...

Looks like today was a good day to sit on the sidelines, a little choppy. There is always tomorrow.

Ladies and Gentlemen, viv now has my undivided attention. Well done viv, it appears you made 2pts /contract while making $8/hr at the coffee shop? Sweet! I don't think one could ask for a better trading day (maybe golf instead of coffee shop, but different strokes for different folks). I am...