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Sounds like you're scalping. For low priced stocks, I would have thought that $8 would be fine. For high priced stocks, probably not. Can't you negotiate for a better rate with your volume? I am interested in your opinion of what the right pricing structure should be? (0.002 per share? 0.001? Or...

I'm having a similar issue with the OP and looking for an alternative equity broker. rallymode, does the best choice of platform (for retail, not institution) depend on whether or not he's a 5 or 6 or 7 digits? Also, I am wondering why many here don't like Scwab and Ameritrade. I understand that...

It wasn't my intention to make fun of losers. I'm sorry if it turned out that way and I hope it stops here. I believe "The best loser is the long-term winner." And often, more can be learned from a losing experience than a winning one. I just find it somewhat sad that there are so many more...

Why do 5% of traders win? - 62 pages of posts. Why do 95% of traders lose? - 7 pages. That's about 9:1. Hmm!!!

Thanks for the answers. I'll try to learn and make sense out of all your input. I'm not studying for any degree. Just looking into possibly trading VXX, but I don't feel confident trading something that I don't understand. For example, why does VXX drop so much today?

The beginner is me. And my naive understanding is that high volatility = wide price fluctuations. This would mean that high volatility can occur in a rising market about as equally as in a falling market. But VIX index seems to show otherwise. VIX tends to fall on a rising market and vice versa...

The 90% is a rough estimate from a friend in a prop company, counting the people that came and went. You're correct in pointing out my unclear usage of the term "prop firm". I do believe that the "trading firms" have low failure rates. I also believe that many traders in "prop firms" have...

A few news articles report the 0.001-0.002 range. My personal belief is that it's higher, in the 0.002-0.003 range. You should ask WinstonTJ and/or MarkBrown. Those two should be able to throw in some actual numbers if they don't mind.

garachen, I am curious about your experience in trying to find suitable traders. I'm guessing that you don't experience the 90+% failure rate from your applicants, unlike the results that would normally be seen at many prop firms. How successful were you at finding the right traders? I'm...

Do you guys who live there get together sometimes for a dinner or a night out? Is there a trading group there that doesn't necessary have to focus on trading?

Many low priced condos deteriorate (look old) rather quickly. Housing projects as well. If you're looking to spend a lot of time there, my opinion is that something above 5 million baht would be a lot better maintained. It obviously depends on what you are looking for when you retire. One...

garachen, "From successful retail to... less retail" I feel like you can't really be categorized under retail, but perhaps you want to be a lot bigger to be called institution. By using the words "less retail", did some factors make you feel like you're still in retail? Or on the other hand...

Did that happen often throughout the trading day? I have zero knowledge of futures, but is there something on the tape that hint to you the presence of manual traders at specific time? With stocks, I also feel that some big players are pushing prices up and down frequently intraday. Many times...

Perhaps we had a somewhat similar background, in terms of trading style, when starting out. The only difference is that my world is stocks while yours is futures. FYI, I'm a retail trader using mouse clicks. I used to ponder about working for a firm like yours for the benefit of "microstructure...

Combined with your other posts, I guess that you relied greatly on tape reading for your past manual trading. Charts not necessary there of course. You make money from your unbiased ability to see who's winning the short term tug-of-war. In a way, it's a retail version of HFT and the results can...

Out of curiosity, how do I get a good quality (low latency, no loss) connection? And also how would I get rid of the high ping response and dropped packets problems that Mark1 suggested. Do I connect my internet provider about this or my broker or both? I am not knowledgeable in the...

Commission drastically lower, volume significantly increased. I guess your profit is probably 3-4 times higher now. You're a millionaire. Congratulation and good luck in 2012.

Haven't put too much thought about the proper percentages. I'm still a novice who's always scared of losses. I just simply go in with a size that I can get out with ease, without raising my blood pressure, when the market turns. My position size, thus, depends more on the stock's liquidity...

Is executed volume more important than the number of trades? 200 trades every 3 hours is a lot, but if each trade is just for a few hundred shares, wouldn't someone who trades an average of 1000 shares for 100 times every 3 hours perform better? I was just curious what your average trade size...

garachen, I am guessing that you want to become more institutional (less retail) for the possibility of a much higher profit, either through a drastic cost reduction or speed enhancement. With 400K of commissions to IB, what was your average commission per share/contract back then? What is...