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Nice link Robert. I know you have posted this before but very good to actually see the financial statements of firms you are about to or have accounts with (even if i cant completely understand the bottom lines). -gariki

Dont worry about that Mav. Don only speaks loosely on the board; when you eventually PM and get on phone he offers 5:1 intraday leverage :). I even thought it was a joke. -gariki

Zenstudent; very good advise. One thing i would add; is go get/buy yourself a good backtesting software (think amibroker, tradestation, NT whatever..) and play around. Read something; think it makes sense.. write the code and test it out; you will learn a ton doing that in 6months than even...

For retail i think IB, Lightspeed are both good for equities. Cant beat TOS for options; IB better from commision perspective but software not comparable to tos. For eminis there are a handful; either IB, TOS are fine i guess. Couple of other good ones i personally have/had accounts with are...

superficial loss - exactly sounds like wash sale rule here south of the border. And as to the OPs original question, atleast in the US, mark-to-market is applicable to individual traders and getting rid of wash sales and ability to write off more losses (in bad years; even against previous...

Dont know if you are missing anything but there is no particular edge to these specific aug 16 options. in general, since this news is not something only you know about you should assume the option prices are fair and the market has already taken this piece of information into account. If you...

Good idea gmst; but the worst part is even with the people who do respond with stats, you have no idea how much of that is truth. So ok, say someone says he makes 100points in ES monthly with very little drawdown. Say you accept a few such entries which are false; what happens to your average...

nice one :)

yes; Mirus is better than velocity (25 round turns). But i thought about it and closed mirus anyway; i hate their reporting portal at RCG. Velocity much better. Also the reason i opened at velocity was some issues i was seeing with dome freezing on ninja. I was carrying that account just as...

Not any more. Most of these brokerages seems like (Mirus and Velocity are the ones i personally know about) are starting to charge for inactivity fee. I got emails from both these firms this month that starting next month there will be charges if activity is not enough. At Mirus its a little...

That part i understand. I guess you just went overboard while pumping your firm saying they use feeds from retail accounts :). -gariki

Thats the thing. You cannot use that; cause from what i can tell once i am prop then i need to tell that to all my retail brokerage accounts also and they charge me according to professional fee rates - even on the retail brokerage accounts. Correct me if i am wrong. And how i would love to...

Once in a while i refer to this list at lightspeed. I figure they keep it somewhat uptodate also.. http://lightspeed.com/?page_id=5061&from=5091 - click on market center Maybe they are not passing through all of it; cause i see that BATX on our list shows .0027 for adding liq; while the...

Thanks for all the replies folks. Looks like i will just have to close some accounts and consolidate a bit - and eat some of that additional costs. Crap. But honestly, it doesnt make sense that you have to pay this extra fee for every brokerage account - i mean if i trade prop at one firm; i...

So once you become prop do you have to pay professional data fee at all your old non prop accounts also? I have a tos account and currently they seem to have put it on delayed data quotes. What do folks do to avoid paying that extra fee at so many firms? cause i will already be paying...

Mav, this Lucias guy is very funny; he was promoting his thread in a reply to one of my prev post and i sure did check him out. http://www.elitetrader.com/vb/showthread.php?s=&threadid=215790&perpage=40&pagenumber=11 He got completely killed on the other thread he started by baggerlord and...

you're welcome. I myself am just expanding into stocks and am loving it. One thing though; both futures and forex give you so much margin that i personally dont see a need for prop firms there - i mean you alaready get 50-60 to one leverage trading them. If you've got anything consistent, scale...

Yes. right. My question was is there a better model - is there something else i should be doing? other than raising capital because its simply not possible for any joe to raise capital on the street. ps: see many times i feel good about actually having found this prop model that gives me so...

Hey Mav, i was reading this post and had another slightly different question for you. Say you are an individual trader with a small edge; say 3-4cents... (youve got very smooth equity curves, good backtested and real time forward tested systems etc..) and your systems are very agnostic to...

hey gmst, i am going to put out an idea to see if someone can come up with anything better. I am doing something similar to you. I have been trading ES for just about 2years now using a handful of intraday strategies. And been profitable.. so i tried to expand; first i looked at other liquid...