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I agree completely that there are huge day traders in the market that throw ER2 all over the place. I think what is happening is the Hedge Fund/large institutional day trading firms have changed their business objective now that the markets are electronic. They call it "high frequency...

Yes Esignal is the cheapest vendor.

DO NOT PAY Floor traders will not give you any relevant advice on how to trade a retail options account. Look in the futures arena. Are any floor traders from the CME or CBOT still dominating the markets now that they are electronic? NO!!! RUN RUN RUN Or better yet I live in...

It depends on your volume, and desire for speed. If you are going to lease or buy a seat at the exchange and trade large volume your best option would be opening an account at a clearing firm and using TT(Trading Technologies). This front end is the best for the active low commission...

Mutual funds hold futures to hedge their small cap stock portfolio. As a day trader you should be happy that position limits are being increased!! This means that hedgers are interested in increasing their positions. Hedgers generally are not trying to f u c k the little guy for a tick or...

One very important edge for any active trader is low trading costs!!!

I think part of your anxiety is probably related to the # of trades you put on each day. Also I would have anxiety trading a 16-24 hour day!!! Would you be better off reducing your trading hours and trading more often? You could lease an IMM membership at the CME for $1300. Your...

What is your focus when you are about to enter a trade? I read this rule on the following website http://www.trading-naked.com/library/Phantom_of_the%20_Pits.pdf IN A LOSING GAME SUCH AS TRADING, WE SHALL START AGAINST THE MAJORITY AND ASSUME WE ARE WRONG UNTIL PROVEN CORRECT!(We do not...

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Do you have a specific market you use your scalping method in? Do you own or lease a seat at an exchange? I scalp the ER2 contract, and I am often curious how many traders on the Elite boards own or lease seats. I bought a GEM seat because it was so cheap, and saved me a considerable amount...

Yes antivirus software will run in the background and will slow your computer down. A good thing for everyone to do is press control/alt/delete. Then check the processes tab. Any exe. that looks fishy you can google and see if it should be disabled. In general the less programs...

Norton Antivirus is a trojan!!! If you have a router this should be enough of a firewall. No trader should have any antivirus software open on their computer. If you need to run antivirus software run it manually everytime you are done using the computer. This is how I keep my...

Big S&P data is not used by anyone!! ES is the real contract. T&S for the big S&P is entered manually by a market reported. The delay in reporting can be from a couple of seconds to minutes depending on market volatility. NO!! NO!! NO!! Volume in the S&P is mostly prehistoric locals still...

I decided that bonds would be easier to trade because you can know how they will move when economic numbers come out. Strong economy ==> bond decline.....weak economy==bonds rise. That was my thinking when I decided on a product to trade. Since the US recently reissued 30-years I expected...

First a prop shop would only know about the loss if you TELL THEM. DO NOT TELL THEM Instead if I was you and your goal was to trade with a prop shop I would close my account at your firm. Then I would open a new account at another firm. Trade for 3 months with the goal of showing...

Mistake #4 Walking away in the middle of the inferno hoping the flames will go out by themselves!!!!!

I use the order book exclusively. I have the TT dome up for ES,ER2,NQ. That is all I need. I find charts make trading to complicated.

I would like to dissect your comments. First you say you are good at anticipating the trend. When I read this I get the sense that this is a "gut" or "intuitive" feel you have about the market. I get the feeling you have confidence in your ability to read the general move of the day. Do you...