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If you are talking about futures industry introducing brokers, people use them when they have small accounts. IB's will usually service small accounts better, and can often equal the price an FCM will give small accounts (the IB gets a lower rate and then marks up the cost). I personally don't...

It ALL depends where you live. The City (SF) has micro climates that vary greatly even within City limits. Go inland, south or north, and the summers are the same as S. Cal (even hotter in some spots). The coast is not like S. Cal though. Cold water, fog, and ripping cold wind in the summer...

I used to live and trade in SF. Rents have come down since the dot bomb, but it used to take 1500 to get something decent for one person to live in. Lots of trading. SF is the financial capitol of the west coast. That said, there is even more down south I would bet, due to the population...

I never knew this. How does it work when a market order gets you out of a rapidly moving market, but your unhit limit order is dead in the water? Does IB send limits a certain distance off the market when you enter a market order to make sure it gets filled? Very interesting. I thought I knew...

I don't use any for entry. I just lose the spread. I almost always get filled, but then again I never chase a market, so if its rising real fast, I wont be putting in buy orders, etc. For exits, I usually use stops, but may place a market order if I really want to be sure to exit before the stop...

Just click on the bid if selling, and the offer(ask) if buying. The exception to this is if you are already in a position and NEED to get out if its moving quick. Then just fire off a market order. I am assuming you just need to get in or out, and are not asking about risk levels etc...

But if he can do it every day its awesome. He can always increase size. Nitro, you do pretty big volume even though its based on singles and doubles. Do you feel commission eats up the profits a bit? I ask cause I try to trade that way occaisionally, but can't seem to make it work. All the...

Started as a broker right out of college, thinking this would lead to trading. That didn't last long. Nothing like cold calling all day. Then went straight to futures trading (1987, just before the market hiccup). Went nearly broke twice while learning. I now specialize in ES like so many...

I am also interested in this. I have recently started viewing QT for Hong Kong data, and would like to be able to actually trade off it. I'm not ready to pay for Aspen, or god forbid, FutureSource (they mark up exchange fees to an absurd level) to get the data when I'm not even sure I wish to...

I know a guy who fades the WSJ as well. He claims they are like 90% accurate at calling the wrong shots. Guess everyone is in by the time the third stringers (journalists) get a clue. I'm a day trader so this doesn't work for me, but I find it funny anyway. Jay

How many do you do? I'm wondering if you are the most active here. From what I've seen while lurking on the chat board (I've only been there a few times actually), you probably trade more than anyone here. Jay

Agree with the above statement 100%. The markets will be here and so will day trading. Don't be in too much of a hurry. Start trading a simulated account now to get a feel for it, but understand that trading real money is a different game. If you can find a mentor do it. Otherwise, try to...

It would be nice if the bracket functionality would consider the fill for estimating the offset prices. That way I could place the order well before my price is hit, and just sit back and wait for the action to unfold. As it is now, I cannot do this because one of the legs of the bracket may be...

We will be meeting for the first time this Sunday at the Heathman Hotel lounge. 12:30 PM. Jay

Absurd statement. I have been trading futures for 15 years. I have not been wiped out yet. Jay

It always cracks me up when people think a President can actually effect economics. The Fed (which is non partisan) has major power. Clinton took credit for growth and a balanced budget. The truth is that the end of the Cold War combined with major corporate restructuring made a boom...

I never trade against the 15. 1 minute may be going nuts, 15 sets the trend. Jay

Bracket trades on actual fills, not orders. Def, you have always been helpful, and I don't mean to put IB down in general, but this is really a weak point. I have requested changes to this with tac, and via phone. Nothing has happenned. You cannot place bracket trades ahead of time using the...

Absolutely agree with Jack. Schwager for the possibility. If you are going to get a degree (which is fairly worthless for trading), I would say stats for system trading, or, if you are the "winging it type", psychology. I was an econ major in undergrad, and it was pretty much worthless...

I always use stops to exit positions (either at my goal, or stop loss). I have found the fills using IB great. I only trade ES, and overall I have zero slippage. Maybe stock traders have a different experience. One thing that is important with IB though is to put in a stop immediately when...