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No, I didn't have to put in any risk capital at all. The desk fee was definitely at a premium for the company. They called it a fee for software, connections to the floor, and whatever else they could make up. I suspect their monthly costs to put someone in front of a few screens is about...

Correct but you aren't on the hook for the $XXXXX if you find yourself escorted to LaSalle St. one day. Trading losses accumulate indefinitely until they get worked off before a trader gets paid. My desk fee was $1,200 per month but the commission rates they gave me were better than any...

Exactly. You said it better than I did above. It's all about who you get to know.

I have seen traders try to go from pit to computer but never from computer to pit, although it has been done. Pit traders tend to have a hard time adjusting to computers because there is a lot of communication and transparency on the floor that you may or may not get on a computer. When you...

High demand for Jewelry? That's funny. Gold is soaring because people are losing faith in the dollar, which is actually worthless and backed by nothing. It's simply a piece of paper, or a promissory note -- a promise for someone to work.

LOL. A rep at ET amounts to.....well, absolutely nothing :) If you call it right or wrong life goes on.

That's what I'm trading, the 5-min chart. Will it retrace today's move tomorrow? Who knows but as long as the US keeps borrowing and printing Gold ain't coming down with any conviction. A correction maybe but even that will be mild. The nice thing about the GC is you don't even have to take...

Funny, I got a terrific long on today that netted some solid coin. Gold ain't finished. This definitely ain't the top.

I use Strategy Runner for trading futures. All I really need is a buy and a sell button with 1/2 way decent charts. The platform has been rock solid during chaos, such as surprise Fed announcements. I also have an account with TradeStation because the platform has decent analytics along with...

I'm guessing it's AMTD. I had problems with them on stop loss orders. If a spike occurred on the chart and the market didn't actually trade there I was getting taken out of the trade. I called them and they made good and gave me a number of commission free trades. It kept happening so I...

I had nothing but problems with Comcast when I first got them. They seemed to go down about once per week. I upgraded to a business account rather than a home account and the service improved. When they go down businesses are first on the list to get restored. I have three different internet...

Or incompetence. To prove that you'd have to have access to the code and that's not going to happen. I'd suggest the OP just switch brokers or platforms if the software is causing problems.

S2007S brings some good content to this board. We all have our opinions but he's not the kind of guy you want to rip on.

Nice profit ratio. Get that Sharp up and you're good as gold. Nice trading!

I'm not sure your list is impeachable but there is one that comes to mind that is. Accepting the Nobel Prize while in office. The constitution forbids this for a standing president unless Congress votes to allow it. No vote, no prize should have been accepted. Clinton went through the...

A pretty good article that talks about how bad the economic conditions are in the US and how much worse they are going to get. There's a long road ahead and it's going to be a bumpy one...

Precisely!

I have to agree. The more houses they tear down the lower the supply goes. I think this is a step in the right direction even though it's controversial.

Generally the trader is liable for that type of risk. It's in the contract you sign when you open an account.

Just from skimming your thread I can tell you -- for the benefit of others -- much of your success is from refusing to use stops and not relying on having perfect timing within the range of said stop. I'm surprised you haven't been attacked by the ignorant ET'er about your refusal to use...