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What a great site. I like this sentence very much: "A final point - bear in mind that trying to make more than $10,000 a day will make your job more difficult...":D

I would not use SPY. For data, see http://www.traders2traders.com/linkindex/Default.asp http://www.anfutures.com/index.html

Bloomberg is not a backtesting software...

Indeed nothing personal, just opinions. For me also, trading is a purely mechanical job. It's because of my experience that I have this point of view. I have had the opportunity to develop my strategies on the bank's software (cqg and bloomberg). But there was so little software/data choice...

I am not novice at all but I understand the nocice's position. I have traded for 5years in various dealing rooms in Europe, trading mainly fixed income derivatives. I quit 5yers ago to trade my own money and started with 10k to trade and 15k to pay the bills the first year. And 5 years...

We can also think about it in these terms: You have got 15k You suscribe to cheap data/software (100/mth) and decide not to trade but develop strategies and paper trade the first year. You still have around 13.8k after 1 year. You subscribe to top of the range software/data (400/mth)...

Track every tick? Not sure about that. What you need is just a good trading plan. I have used cqg at 600/mth and mytrack+aiq at 100/mth and my performance is basically the same.

When you bought your first car ever, could immediately afford Mercedes? Cheap software/data vendors are necessary for those who want to start from scratch, don't have a lot of money and can begin to develop strategies without even putting real money. Moreover, nowadays, there are some...

Mytrack +sierra/aiqtep/amibroker

And why not create a grand jury who could condemn to a 10$ payment those who start an useless thread

All the quant/relative value traders lost a lot in 98. Remember LTCM...

It went from 790 to 890 in 8 days. What more do you want?

I live in Belgium and what happened to me also happened to a few other belgian traders I know. If you pay 470 vat and fees included, I guess they have cut their price by 20/25% (I guess they were forced to do it because of the competition from new and cheap software/data vendors) or maybe you...

No I don't think they are courting bankrupcy. They are more instistutional than retail, that's a choice.

Tech: hopefully, I knew the software very well because the only time I had a problem with a formula, I never got a reply (when working at the bank, someone from cqg was coming once per month... but we had at least 50 cqg's) Account: there is no price on their website: when I first called them...

Yes they don't offer Eurex and that's something i don't understand from guys claiming to be the best in the industry.:mad:

CQG: very reliable data feed, nice product with very easy to use programming language, used in most banks' trading rooms, expensive (around 1000/mth satellite, 600 internet). The individual trader does not seem to interest them. I used them while working for a bank. Kept them for 6months when I...

No: your mytrack plan + 59 for tep + exchange fees.

Never heard of this platform. Most of us here only know about pure trading/charting platforms and tradestreamglobal looks to be a trading+backoffice platform directed towards financial institutions and not the individual trader.

CQG for 400$/mth looks cheap. Have these guys finally cut their price?