How is the option trading tools in Lazer? I here they were added. This may be a good thing to compete with the other software that trade more asset classes.
Trading prop with a leverage firm and your own account and trading other people money through managed accounts or a fund is not even comparable.
I know plenty of traders that start the year out with 50k to 100k in their account and pull in 500K-7500 on good year...
I have room for about 5 to 6 traders in Morgan Hill.....South Bay....professional only would be offered space.. I also have 2 or 3 terminal in Solana Beach ( next to DelMar) that are open.
I also have some space in Incline Village for CTA or managers in a converted condo...
You seem very bright and are asking good questions. It can be done through the Semi Prop shops and you do not have to do the Wall Street route. It just takes time, passion and hard work to get your systems or method down and than contacts made to help you network.
My advise...
Yes it is. The back fill engine for brokers and data providers is different per each entity. Most limit the tick data to a few days to month and min data to a few years. The lines of data are just to much.
IB is not that great when this stuff happens, my broker at a mid tier firm will call me when the exchange goes down and I get email from compliance. I think IB is your problem.
All tht great automation with no support = issues when shit happens.
Zen Fire is all about the API to the exchanges, Zen is using the Linux based connection for the fastest data and order throughput while TT is on a different style connection to exchange API.
Finally some competition for the TT crew who want to take 10 cents out of...
Ami Brokers and Ninja Trader combined in the best mix that we have found. Ninja has worked very hard to fix the bugs in their new version 6.0 and that is great to see. You may want to look at Neoticker as a third option and some tick precise tool that make it quite...
They lost about 75% of his Assets under managment (AUM)........not 75 % in losses.......there goes those big management fees that mangement lives off of. How sad to see this happening. It most be a new age of risk and money managments methods as these older experienced...
Go get the $30 buck plus exchange feed from esignal for the data manager and you can get the ticks and build those volume bars.
Can than also bring in tick and trin and cash prem on index cash if that helps you out...
Trade at Global at yout own risk and please do not let this low margin day trade marketing spiel persuade you. if you have $5 to $10 grand than wait til you save up $25 k and start than. High leverage will kill you eventually on small accounts.
I have been in this business...
I agree with Uptick....you need fools involved to make the easy money. This will happen at the top of an move and also the bottom when the vicious cycle starts over.
You need the herd going strong to see the countertrend moves last and develope into full reversals. I love...
Don is a complete marketing whore with no clue of what the future holds for the arcade or prop models.....His $2500 a month he pays to ET in sponsorship goes along way to bring in his next crack addict.......sorry I mean low capitalized trader looking for leverage. Enjoy...
Global Futures is the "worse IB" out there and have the worse reputation in this business. They churn accounts on their low margin like my favorite uncle in Greenbay, WI churns his butter daily.
Complete scum bages........buyer beware...go anywhere else. if you have...
Best 3 weeks of action since the internet boom/bust for traders with rules and disiplane to keep each trade in line with the next. There is even so much opportunity that you can hide or make up for mistakes very easily if one does occur.
Both stock and futures traders...
It does not back fill on IB data. Try a simulation account and they may have data that you can back fill with. NINJA does save data from some major markets but not all.
Zenfire gateway is 25% faster than TT on a RT from the West Coast. Been on Ninja for 4 months now and never had an issue. I trade 200RT to 500RT a day and not lost an order yet or had any data or packets lost yet on my T1 line.
They need to add a number pad to change...