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I am a discretionary trader. I day trade with 5% of my trading capital and swing trade (about 3 to 15 days) with the rest of it. My day trading costs are about 40% of my total costs and represent 15% of my profits. I day trade with options. 85% of my option costs are for this day trading...

Lonely? It is exactly what I need during a trading session. After, go for a message, workout, meet people, have some "different kind of fun". I really think trading is a lonely profession. It is obviously not for everybody.

I wanted to share a very simple cost analysis that I do every year regarding my trading activities. As an "active" trader, I really have to take the costs into consideration. Market data and platform fees per month: Tradestation Platform, Tradestation Portfolio Maestro and Tradestation...

Everything is negotiable, depending on the volume traded. Since the past few years I just use Tradestation and IB. IB has 2 different price structures. The "non fixed" can be interesting, but has overnight fees. Tradestation overnight fee is $0.10

In the US, all deep discount brokers that I know will charge an overnight fee for an overnight open position. Usually, the charge is about an annualized rate of 4 to 12% depending of the broker, multiplied by the total exchange minimum maintenance margin requirement (do the maths!)...

Thank you all for your replies.

You should focus on risks and only risks. And if you found an edge in a market, paper trade until you become proficient in this market. With day trading, you know your daily risks. You actually know that you are not at risk overnight and it is a huge advantage. I day trade ES future from 9:30...

Thank you for the link. I will definitely watch the 10 videos posted on YouTube. Fonz

1. I don't have [yet] 500m. 2. I estimate than 1 trader can manage up to 350m with this strategy. To be more precise with my question: When "large investors" think about diversification, asset allocation, and especially alternative investments, which vehicle used by a hedge fund or CTA would...

Hello, I have few questions regarding risk perception: Large investors, family offices, and various institutions have different objectives and different definitions of investment profitability. A huge majority of them consider them self, risk averse. I already know that most of them will...

I understand the Prop Firms and the need (for money, leverage, and even learning period) of traders to join them. It is fascinating to me. Don't take that the wrong way please. Why would anyone want to put herself in a middle of a co-working environment, when it is avoidable? Trading...

You should call them and ask (best of luck). I have a portfolio margin account, and I didn't receive this notice.

Hello all! I have an LLC (Florida based, Limited Liability Company, taxed as a partnership). I trade in the name of this LLC. This is an entity and like anything not in a "personal name" (trusts, companies, organizations, etc...), this entity is classified as a Professional by the US...

"IRS" business trader, is interesting only if at least one situation apply to you: - You want to trade in an entity for short term, and keep long term investment in your family name - You know (!) you will or at least have a great chance to lose a lot (gambler?) and want to be able to deduct...

Hi Chris, I used Livevol Securities for Interactive Brokers, before Lightspeed bought them (no pb for a user perspective). I did it because I thought IB was not really user friendly, and I was looking for a front-end platform specifically designed for option traders. The Livevol platform is...

First of all, mortgage companies want to see W2s. You need to have a W2. Easy to do with a (profitable) S-Corp. Second of all, you will need to show steady and profitable business statements and personal taxes reflecting your steady AGI. And last but not least, you need to be able to prove...

My 1st target was missed by less than 2 points :( Stopped at 1030. +$6,000 per contract. :sneaky:

If you are trying to find or build a system/strategy that fits your trading personality (like the gurus say...), you have 99% of chances to lose money, consistently. If your are trying to find or build a system/strategy that makes money, you begin to put the odd in your favor. It is called...

From Agrimoney after the "urprisingly strong official estimates for US crops": "Still, headway was somewhat hard to come by among softs, with cotton futures siding with fellow row crops corn and soybeans and standing firmly in negative territory." Looks like my 1st target should be reached next...

Diversification with different markets and different strategies allows a better use of the available capital and smooths the overall drawdown I have scanners, semi-automated strategies and even 100% discretionary strategies, for stocks and futures. You are right, you need to master one...