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Hello Folks: You know it is interesting, I thought something was a little off when this first started (Mr. Zimmerman "inquiring" about my IB feed), and I mentioned my concerns on another thread. Pabst answered my post, saying that he knew the principals, and that they were all good folks. Yet...

Me too, don't jump in front, I'm on a budget. I'm serious!:D

Nitro & others: I agree that it is difficult to get things right systemwise, and it is true that ultimately you have to be able to put on size to make money. I think it is important to point these things out to anyone who comtemplates trading the ES. In the face of this kind of info, I hope new...

Hello: I have had the opposite experience. I was unsuccessful with equities to begin with, losing money trading them for over a year. I attribute this to lack of skill and experience, and overestimation of my ability. I learned to make money in other markets including options, fixed income and...

I am absolutely lovin it. Don't change a thing. Please let us know just when you will make your trade so we can "get a feel" for how you do it.

A forward contract is a private contract that is an "over the counter" contract between counterparties. it is private. In contrast, a futures contract is a publicly traded contract (traded on an exchange). The relationship between the spot and the futures/forward is determined by the...

To whoever it is: This is really amateur hour. No skilled professional would announce a size position. Smart money will be scaling in (and out) during the morning, during lunch and in the afternoon. They will be looking to accumulate positions a bit at a time so that they don't have to pay up...

Pabst (and Beachboy) I just took my own advice and did a search. Looking up all posts attributable to "Beachboy" and general background on Transact. I have to admit I am wrong. I apologize. Best Regards, Steve46

Somethings a little off here. Just doesn't feel quite right. Anyone looking to do business with this firm shoudl do a real good search here on ET (and general background on NFA). Just one man's opinion. Steve46

Cash has it on the button. One has to ask about the risk managers who are suppposed to be monitoring these traders. How complacent do you have to be (or how stupid) not to be monitoring the daily totals, and backchecking with a second source, after all the "Barings Bank" incident was supposed to...

I suggest you look at the big contracts. I agree that the liquidity is poor in the minis. Seems like you have to trade small (or trade options) until you have a bigger account to work with. Best Regards, Steve46 P.S. It is entirely possible to trade options on Gold for instance. I did that...

Wow!!! I remember being on the other end of one of those "inquiries" amd wondering "Why this question out of the blue"?. Great Post.

One thought comes to mind. There is a guy named Tom Busby, who trades the DAX and offers (I believe) a classroom environment. Use Google to look him up. Don't remember where he is located. Sorry I couldn't be of more help. Best Regards, Steve46

Sure Tony, start by teaching him how you make millions with opening orders. Okay, enough of this. What you are asking is "is there a (reputable) place where I can get formal training to learn to trade"? The answer is yes. First it depends on where you live. For instance, on the west coast...

Remember to check those screens folks. IB is back to their old "its not us" routine.

I hope you waited

Just one disconnect. I had to shut down and restart.

I believe I sold some to you today. Hope you make some money on it. I did. (Just kidding). I would be waiting to see end of day results. I look for this market to continue down a bit more. Good luck. Steve46

To all IB clients: I executed a trade just a few minutes ago (IB had sent out a message indicating that Globex was unavailable for trading) to test the system. Just a little scalp. Sold 2 June ES at 1118 even, then turned around to buy (to close the position) at 1117.75 for a profit of .25 x 2...

My moms family is still located just outside Milano, so I would not want to spend over 800 USD to stay in a hotel. Frankly, most europeans are comming over here because of the favorable exchange rates. I like the idea of going to a local resort by car and spending less than half that rate to...