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    Conversions / Bullets

    hi RSprengers. I use one of the introducing brokers of SLK so I use REDI. Using the SP as a short term indicator I buy the put when I think the stock is going lower then buy the stock. I do the put first coz it is harder to put on than stock. If you buy the stock and it prints 5 cents lower...
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    Conversions / Bullets

    Some of these OTM calls have .10 cent spreads so yes I do take the chance. Ex. of a 5 delta call might be 5 bid offered at 15cents so why would I sell 5 cents? Might as well take a chance and possibly hit a home run. It happened to me twice in 6 months, 10 cent call went to 1.
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    Conversions / Bullets

    I don't think the risk systems of some brokers are real time enough to spot that during the day as long as you cover and get flat at end of day. That is why I don't sell the call coz short options have higher margin rates. This opens me up to possibility of selling a way OTM call later when...
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    Emini trading!

    ffastrade charges 50 cents per side plus nfa/cme fees. Total fees for cme and nfa is 1.16 per side bringing total to $3.32 RT on the $550 per mont plan
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    Emini trading!

    Fines at the exchange for disorderly conduct are no big deal. I got fined for cursing , not wearing a tie, wearing sneakers.It is sortof like a technical fould in the NBA except you pissed off the floor official. That is no way should not [prevent you from opening an acct. I agree with metoox.
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    Conversions / Bullets

    I have done it. the issue is the amount of capital you have. Since you pay for the long stock and long put in cash, this cuts down on your cash which is used to determine your 4:1 or 2:1 margin (over or under 25K cash). I bought 500 shares of $30 stock which tied up $15k bought the puts and...
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    sqwak box

    Can someone tell me what I am giving up getting the free squawk vs. the los.net and the realfutures.com which sells for 75-125 mo. There has got to be a catch. Nothing is free...
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    Any Futures Prop Traders/CME Seat Lessees

    Vulture: Just make sure you do your due diligence on any broker. Every broker that you read in the papers that have done funny things are NFA registered. Which means it ain't worth squat ... In ascend trading they have a blurb which says accounts are segregated at Mogan Chase blah blah ...
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    Any Futures Prop Traders/CME Seat Lessees

    One other thing.... If IB can't provide customer service at their rates of $4.8 How can anyone provide better service at less .. Even if they can, the rate will make traders move there in droves which will then flood their cust service in event of crash. You get the idea. I guess one word...
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    Any Futures Prop Traders/CME Seat Lessees

    I don't know man. Seems way off the curve to me. When I had my roof done, I got 6 estimates 4 clustered around 10K, 1 contractor wanted 14K-Home depot-go figure and one guy wanted 7K.Hmmm... Guess which 2 I did'nt use......
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    Any Futures Prop Traders/CME Seat Lessees

    That is right BUT they have a 550 per month where it is a straight 3.32 RT inclusive. Their $500 per month plan is funky ( sorto like $500 pre-paid on the trans fee of $1.5)It is funky coz they rebate you back unused trans fee on the $500 Ex. $500 per month you do 100 RT. Your commish is...
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    Any Futures Prop Traders/CME Seat Lessees

    $550 / mo "lease" 50 cents to them 1.16 CME/NFA comes to $3.32 RT Pretty sure of that they clear GNI.Ig uess breakeven Vs. Ib would be around 300-400 contracts?
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    Any Futures Prop Traders/CME Seat Lessees

    I saw the platform , demoed it for a short time and think that its simplity is what would make it enticing-less bells and whistles less bugs. Witness old IB TWS users wo yearn for the old version which is rock stable vs. later releases. I still don't understand how after 2 weeks of looking...
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    Brokers ranking ?

    Thanks for the warning. Sorta like when I go with my mom to a chinese restaurant and she asks the waiter if the wonton soup is good. For the past 15 years, I still have to get a "no it sucks..." I did speak to the guy and he seem nice enough for me to proceed further with my due diligence on...
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    Brokers ranking ?

    Anyone here have any experience with Fasttrade.com. Other than the $500 rent, seem like a good deal for the econtracts. thanks
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    Brokers ranking ?

    i am in the process of opening an account with an IB that clears through GNI,Inc. Other than calling the CME and CBOT to see if GNI is an active good standing member firm, can anyone suggest more due diligence steps I can take to minimize the risk in the acct opening process. I keep thinkin...
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    Any Futures Prop Traders/CME Seat Lessees

    Am I missing something here? I have been shopping for an emini broker for a week and have gotten a huge range between $5.5 to $18 RT -no one even comes close to IB as far as price of $4.8 Rt. Someone here posted about FFastrade. I checked it out and for the remote professional futures...
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    foreign currency trading VS. equity trading

    One word ...Glengarry Glen Ross-a movie starring Alec baldwin and Al Pacino I think... Watch that movie and you might get a feel of how some of these shops operate except instead of real estate -- forex The biggest market in the world $100 trillion dollars a day trade 24 hours a day...
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    foreign currency trading VS. equity trading

    Be careful about FX Trading specially non-exchange traded contracts (spot) There are a lot of non-reputable firms out there. In addition, I think it is harder to trade because of market fragmentation, I traded it a while ago - I remember it being dead save for a little time window where 2...
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    Any Futures Prop Traders/CME Seat Lessees

    Hi Metooxx. What is considered size and what financial requirements/seat leases would it entail. Thanks
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