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Sterling, I usually can't get the demo to work during market hours. The program launches fine, but the bid/ask quotes rarely come through and if I try to place a trade I get a message that the order is rejected due to no quote for the stock. The old TWS was the same, and I believe the demo...

TheFinn, Another benefit of per share commissions like with IB is that you can scale into and out of positions at a lower cost. If you want to build a 1000 share position in 200 share increments, it would cost approx $50 with a firm like Cyber (5 trades @ $10 each regardless of share size)...

Neonnight, A better cliche for trading courses is "buyer beware" rather than "you get what you pay for". Before you send one cent off to purchase any trading method, make sure you request (and get) a copy of the system or course seller's own brokerage statements proving that the method has...

Gene, If you want to try the futures without paying the exchange fees you can try the e-mini futures quotes for the S&P 500 and Naz. If you are using qcharts the symbols are es01h for the S&P or nq01h for the Naz. You can also enter these symbols in the LiveCharts applet at the quote.com...

rtstine, Whether or not to take a futures position is not just about how much free cash you have. You have to understand the additional risks involved with futures. Because the leverage is so high, theoretically you can lose more than your original capital so the following scenario is NOT a...

Hi rtstine, When I started trading futures it was before there were any electronic contracts traded. To compound that I was trading options on the S&P futures. (In hindsight, that is not a way for a beginning trader to start out and I would have done it differently had I known better). This...

rtstine, The best book I've ever read about futures is "The Futures Game: Who Wins, Who Loses, & Why" by Jones, Warwick and Teweles. It not only covers the basics of futures trading including the available markets, different types of orders you can place, picking a broker, etc., but also...

I have not taken his workshop, but if its anything like his book "How I Trade Options" then I would be wary of spending that much cash on something you can learn elsewhere for much less. I purchased his book mainly because I have learned the most from books written by REAL traders and Jon has a...

Privateer Along the lines of your post, there is a concept that addresses setting stop losses called "Maximum Adverse Excursion". In a nutshell, it is an analysis of a system's WINNING trades and how much the market had to move against you before they became winners. You would then throw...

Robert, How are you able to talk to the "best" traders/fund managers? And how is it they are willing to share everything with you? Is this through your father's relationships with them? Certainly an advantage the rest of us will never have. Sounds like the opportunity of a lifetime, I hope...

Robert Thanks, I am aware of the procedure for calculating expectancy and you have now clarified that you base it on actual trades. My problem with this is that if you are looking at potential trading strategies, there is no way to get the expectancy until after you have traded it for awhile...

Hi Robert Would you mind explaining how you calculate your trade expectancy using the discretionary approach you describe? With a strictly systematic approach to entry and exit it can be historically calculated easily using testing software, but how do you find it when you use such...

rtharp, Glad to hear you will publish your trading records when you write your book. Not enough authors will do it. If the method really works, they should be proud of that and willingly show their record to those people giving them money. Just curious, if your method is that...

rtharp, zboy and all, I know from your posts that both of you have been around the business for awhile, so this post is more in agreement with you and for the benefit of the newer traders. There is easier money in selling the shovels than in digging for the gold yourself. Most...

I use Yahoo Messenger's voice chat and I don't believe there is a limit, but I have only had up to 7 at one time. It works great. Kirk

Privateer - Thanks for the tip. I already have real-time data, I was just interested in how the "free" stuff might compare to the pay feeds. As we can see, at least so far, you get what you pay for. Kirk ------------------ "The easiest way to make a small fortune trading is to start with a...

Privateer - The website says that all of your personal information is kept "strictly confidential". However I find that to be unlikely, otherwise why would they require your marital status, number of children, annual income (keep in mind this is only the member section, not the trading account...

For anyone who is interested I went to the freetradez site and signed up thinking "what the heck, at least I can see how the level II quotes compare to pay services." I fill out an enormous amount of personal information (like how many kids do I have and what do I do for a living) only to find...