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I pay 2 cents per 100 shares. I don't think there are actually any fees incurred by broker/dealers other than ecn and sec fees when a trade is placed. So any traditional broker simply charges a commission for what they offer. The prop firms are not technically brokerage houses. You trade their...

Yes I'm trying to automate it. I am not quick enough to do this manually. Unfortunately I don't know the first thing about automating on Sterling trader. I have started incorporating the DDE into Excel. I have programmed a little with Tradestation, but don't know the first thing about any other...

Did you not read the part where every trade has a 10 cent hard stop? I got stopped out 12 times today. It's frustrating, but that's part of the game. Please explain more, I'm not sure what you mean by being half correct. Please give me detailed backtested results that says moving averages...

I have traded options before. I don't like them for the following reasons. 1) Wide spreads and little ability to ever buy on the bid or sell the ask. You almost always have to wait until the market maker hits you. 2) No day trading rules with the prop firm. 3) Most of all the main...

What real job do you recommend? I deliver pizza at night so that I can do stuff like this during the day. I'm not sure what you mean by per share commission. Do you mean the ecn rebate? What do they care as long as they're making money? Besides I think they're making a little money on the...

That's correct, I'm risking 10 cents to make 3 cents. However if I'm correct, a stock at 10 has a 50% chance of going to 9.99 and 50% chance of going to 10.01. If you wanted it to go to 10.02. That's only a 33% chance compared to 66% chance of it going to 9.99. So if I buy it at 10 and put in a...

HI I have been an active ET reader for awhile, but generally don't post much. I figured I'd start my first thread about an idea I have, so please go easy on me. I recently signed up with a prop firm and basically get free commissions now. I did this for a simple reason. I am sick of going to...

I have never been able to place stop orders. It doesn't seem to work. I use the server stop. That works great. I'm usually out before I even know it. I don't know how to set up a hot key for that, but it shouldn't be too hard. I believe that the server stops are kept on Sterlings system, so you...

Yes we all know that the swap is built into the options, but all options have a certain amount of time value, that's the whole point of them. The question is whether or not the time value that you would receive is greater than swap you would pay. In other words there is still extrinsic value in...

Yes it's true that there is no free lunch, but I understand what is trying to be accomplished here. I have looked into this somewhat. I know that I originally heard about this concept awhile ago from a traderinterviews.com guest. I don't remember his name, but all of there interviews are...

When are people going to start questioning the Federal Reserve about it's practices? Bush might have the nuclear launch codes, but Bernankrupt holds the keys to the safe, and that's all that matters. This is a completely unregulated financial institution that completely controls our monetary...

Thanks so much for the response. I figured it had to do something with the volatility. I know the options can have funky spreads after hours, but the spread at the time was only a point and I put in a limit a point below the bid. So it's not like I got screwed on a bad quote. You can kind of...

Hi I have occasionally traded es futures when the market was either not open or I didn't want to do any daytrades on SPY. If someone could please explain this one to me I'd be very grateful. Last night with esu8 down over 40 points I put in an order to buy the 1265 september call. Here are...

The question was not who can spend money better, the question was which candidate is better for the stock market. We all know that we're better at spending our own money, but that doesn't mean the stock market is going up. If taxes go up, we won't spend our $10,000 at Wal-Mart, but the...

Why is there an overiding theme in the financial arena that says republicans are good for the stock market and democrats are bad? People think that if a democrat raises taxes, people will have less money to spend and companies will make less money. But nothing is ever said about where that money...

Yes they are fine, but after reading many of the other threads about prop trading, I have begun to question it's legitimacy. Correct me if I'm wrong, but I think I read that Tuco was shut down just because the SEC thought they were venturing into retail brokerage under the disguis of prop...

Keystone is fine. I tried it for 2 months and just like most of the other trading I've done, I usually break even on the trades and lose all my money in commissions and fees. In the past I would have kept trading until my account was completely depleted. Now I've learned that if something isn't...

Just as an update, I closed my account with Keystone and received my check within a week. Reading all the posts on ET, I guess I now realize that a lot of risks go into prop trading. Not just the trading, but more of the possibility of getting involved with an unstable firm. It also seems like...

A few years ago I got a job at a major insurance company. I thought I was going to die if I had to fill out one more piece of paper. They checked everything and this was just to sell insurance and Series 6. Even had to get fingerprinted. Unfortunately it didn't work out and I only stayed there...

Keystone or VCM?