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Start up capital of 50K if you are single, with minimal expenses, and have an edge. If you don't know what your edge is, then obviously don't even try to go full time. I will say this about trading full time.: Your quality of life from an emotional point of view will go down, even if...

You can liken the financial markets to baseball. You have different levels of play, you have college baseball, the minor leagues, and finally the major leagues. College baseball is the OTCBB market, where you have mostly amateurs being used as sacrificial lambs and pawns in the larger game to...

If you trade size in a stock and display it on the bid price, the HFTs will often hit the best offer on the order book. If you do it on the ask, they will hit the best bid on the book. Doesn't happen so much with things like SPY, but it does happen to a lot of individual stocks. That is why...

The liquidity is there if you trade small. Those who trade size have to break up their orders in order to try to minimize their impact on the market. But they know that thanks to HFTs and their front running algos, HFTs will fill only a small fraction of their orders at the price that they...

If the HFTs are profitable, as we all know they are, they are extracting those profits from other traders. When the HFTs didn't exist, those profits they extracted were left on the table for institutional and retail traders as well as human market makers. Although HFTs act as pseudo market...

Right, the main prey of the HFTs are active trading institutions, ie hedge funds, and the TA based daytraders are just icing on the cake.

I can only go by my trading results, where my longer term trades massively outperform my short term trades of less than 24 hours. The performance difference was much more even before 2009.

With the HFTs ruling the short term trading patterns, you see many more intraday overbought and oversold conditions that are both irrational and deceptive. What I mean by deceptive is that some of these intraday movements seem like a new breakout or a breakdown from an important price level...

It is eerie how similar this first week of trading in 2016 is like the first week in 2008. And the 2007 that preceded 2008 is quite similar to 2015, price action wise. I can't imagine the same kind of destruction as 2008 just because of all the money already pumped into the system unlike then...

A lot of people think they have edge but the edge is illusory because often it is in the context of a bull market. It is not alpha, but beta in sheep's clothing, such as short vol strategies. If the S&P is flat to down for the next 5 years, believe me, many of those bull market babies who...

Wow, it happened again. Not that it should surprise anyone, but we got another face ripping V bottom after going down for a few days. How many of those have we seen this year? Ever since January, we've bounced off of SPX 2000 liked a scalded cat to 2060 like its a magnet. We've also done...

That is why everyone wants to be a hedge fund manager. In the end, You can lose all your client's money and they cant take back the 2 and 20 that you collect every year before the blowup.

Thanks for the info. Much appreciated.

There are many times when I would like to execute multiple different futures contracts simultaneously but I don't have the software that allows it. I have seen IB Trader workstation but unfortunately, their exposure fees make it too expensive to trade futures there, Is there any futures...

It is a lack of knowledge. Really, in finance, if you are ignorant, it is much better to be an ignorant skeptic than someone who is ignorant and gullible. The ignorant and gullible are out there in another education/ chat room/service getting sheered while those who have already been burned or...

INTL FC Stone is including the exchange fee under the term clearing fee. AMP is not. AMP is collecting the clearing fee themselves. It is an arbitary fee that they set on their own. Clearing fee is a very confusing term because one broker can use it to include exchange fees and another...

AMP Future is charging a clearing fee that is a deceptive way of charging extra commission without calling it a commission. It is not in anyway related to mandatory exchange and NFA fees. It is an arbitrary fee that AMP charges to its customers. No other broker does this. So the total...

Typical internet behavior! Stick around and brag when the trade is going your way, disappear and ignore all your followers when getting killed.

Why go long natural gas in December? Natural gas usually bottoms in March after winter is over, not at the start of winter. Also market is in contango so long nat gas positions lose money even if spot prices stay the same. What do I know, everyone loves catching falling knives these days.

If he knew when his bad months would come, obviously he would avoid them. Its like asking a hedge fund manager why he had those bad months, and why he doesn't just avoid them. Its because trading is not 100% predictable. It is only 100% predictable in hindsight. Yet we have trolls coming in...