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If you don't want to get licensed and join a prop trading firm, and you want more than 4:1 leverage, you could search for the firms that have some kind of private backing deal where you are still retail. There's probably a few of them around here who would be glad to help you out. I trade...

It's been discussed a lot on this board, mostly under the professional firms forums, try a search. Depends on the amount of capital you put up, your volume, experience and lots of other things. Retail vs. prop also factors in.

The GST that you collect from customers is not your money, it's the government's. You are collecting it on their behalf. It goes into the till as part of the sale, but for book keeping purposes is kept separate and does not constitute part of your profits. You "pay" income tax on profits...

"Remiting" GST means returning to the government the tax that you have collected from customers on their behalf for goods or services that you provide. If you don't collect GST, you have nothing to remit. GST is not an income tax, so you don't have to pay it on profits. As a trader, who...

Brandon, you are right. Even though the strategies I trade make me money now, I am always working on new ones, knowing full well that the current system will fade away. I actually impose a paranoia on myself that drives me to find new ideas, feeling like my current system is about to stop...

Intersting you mention Van Buren, since it's the wonder minds of that old firm that are running the show at Echo now. The original partners at Echo ran a good company, but these new guys seem to be doing everything possible to drive the real traders away.

What I mean by marking a short sale as such is that you can only get filled on an uptick. A short sale in the specialists book will only get filled on an uptick. Some software will make sure you only get filled on an uptick. But if the market is dropping fast, good luck hoping for a good...

Ok, I'm positive I know the answer to this question, but I would still like to hear other's comments and any similar stories. Echotrade is insisting that short sales of SPY have to be marked as 'short sales' and that shorts cannot be initiated with a straight sell. They also say that even...

As a trader, you aren't providing goods or services to anyone. You don't have customers and you aren't a dealer. If you remit GST, you have to collect it from someone first. Who would be paying the GST on the sale of stock you hold? It's self evident, but I have spoken with CCRA personell...

Everyone pays GST on goods and services. Only businesses selling goods or services have to collect it and remit to the government. Traders do not fall into this category, so GST does not enter into the picture. Just fill out a T2124 business income form and report all your profits and...

Qcharts is pretty good. Can give some problems if you have a lot of spread charts up that include more than one math operator. I've had dozens of them open at once with no problem when displaying them as ratios (one divided by the other). And it's cheap, $80 a month I think. I've also...

i thought i read a pamphlet at the nyc expo last year that they were bringing a coffee mini on line.

Well the minority who are making money stand out from the 'suckers' for several reasons. Lots of people just don't have the personality, work ethic, or whatever kind of mojo that makes the winners win. Daytrading has been around forever and will always be around. It's just that some people...

This should be a pretty common feature in a charting package. The ones I've seen that can do this are first alert and AT financial. I haven't done a longer look back in qcharts, but their intra day price data goes back pretty far, so their t&s probably does too.

Yeah, i know you can program things through the api interface (didn't know about active x). But you still need a seperate platform to send orders through sterling. I was talking about basket trading as a feature within sterling. I've requested it as a feature to add on a few occasions.

Percent return on each stock can't be directly compared to the spot gold return because all the companies have different fixed costs and hedge their production differently. The fixed cost of production and the spread between forward sales and spot prices is different for each of them.

To me, a basket order is when you transmit orders for a pre-set group of stocks all at once. Sterling can't do this.

You can also do it when a stock has been halted during the day and is about to resume trading.

You can also do it when a stock has been halted during the day and is about to resume trading.

don't you just have to file a W-8 form with the broker? My understanding is that it instructs them not to withhold dividend and interest income because it wil be taxed by the government of the person who receives it. I did this with IB and never had money withheld.