Search results

The ATR in $ terms for NQ is like 70% of what it is for ES, which is another way of saying NQ costs more than ES (due to higher margin requirents). The ATR in $ terms for YM is like 80% of what it is for ES. The ATR in $ terms for TF is like 200% of what it is for ES which makes TF a much lower...

Because they are a rippoff. If the regular contract cost $5 to trade roundturn then the e-micro at 1/10 the size should cost $0.50 for roundturn not $2 roundturn. That is an obvious rippoff and no one is that dumb. But anyway, this has nothing to do with tick size in ES.

This would be a good solution as well. If the large contract traded electronically with the 0.10 tick size then no doubt it would probably take most of the volume away from ES. Open out cry in 2011 is just plain stupid.

2008-2009: Banks were insolvent 2011-2012: Banks + Developed ("1st World") nations are insolvent 2008-2009: Fed + ECB had nukes and all kinds of WMDs to save the system 2011-2012: Fed + ECB have only firecrackers left to save the system 2008-2009: There was tremendous political will...

Again the question is: ES does 2 million contracts a day (my guess). Why aren't other exchanges competing for this volume? My guess is S&P gave an exclusive license to CME for the S&P 500 futures products. The market cap for Dow 30 is only 30% of the s&p500 so there is no way YM volume...

I still can't understand why CME has stuck to the 0.25 tick size at $12.5/tick for ES futures. I think switching the tick size from 0.25 to 0.10 and having a $5/tick makes much more sense and would attract a lot more HFT volume as tick movements would double and slippage would be cut in half...

Looks like its been 3 months since the last TWS release. No new features have been added since and I don't know if they are focusing on bug fixes but no bug fix releases either.

Does anyone have any experience with this social trading network: http://openbook.etoro.com/#/main/

ET will not be around in another 5 years. Baron has completely ignored social networking on this site and thus ET will lose what little market share it has to all the new social trading and social investing sites that are popping up. However since I don't have any experience with these sites...

The game is Capitalism. The goal is to accumulate money. The Cheaters want you to believe that you can win the game by playing fair and working hard, saving, and investing smartly. The Forbes list basically helps the Cheaters by hiding their wealth and by promoting the idea that you can win...

How do they get around not paying you a salary? Isn't that illegal? Prop firms get around not paying a salary by making all traders 'partners' in the firm and giving them k-1s.

VXX went from 500 to 20. Its one of many ETFs that seem to consistently decay no matter what. VXX may pop to 30-40 but that would just be another great shorting opportunity.

An analyst on Frontline said that the US considers Pakistan as a Too Big To Fail State. And Pakistan knows this so they are exploiting their position in order to get endless 'bailouts' from the US Treasury. Its a quite brilliant extortion scheme. Pak. invest nothing in secular education...

Any form of trading can be the 'gateway' drug that leads to ever more risky and ever more impulsive trading as you try to dig out of a bigger and bigger hole. Even investing is not safe - 90% of investors fail to outperform the S&P 500. Even investing is gateway drug that leads to stock...

Those extremely remote odds of success makes it really stupid to quit your job to pursue trading. Even if you are the 1/100 that make it your "success" can be an illusion. Victor Niederhoffer wrote: "In statistical terms, I figure I have traded about 2 million contracts, with an average...

If charges are not filed then it means GS is above the law. And it means the application of law depends on who you are and not on what you did just as Matt states in the article.

I'm doing my part to make this excellent article go viral: http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511?page=1

In 2009, I was up 175k up to dec. Then in dec I lost 100k from the HW mark. In 2010 I only made 15k. Anyway I'm not bitter and have no regrets. I'm Happier than ever since I quit. And I'm excited to not waste the next five years of my life as I build up my portfolio management skills. There...

I have absolutely zero interest in regaining my motivation to daytrade. I thank God for my protracted drawdown because this is exactly what I needed to quit and to get on the path of true success in this business: managing risk as a portfolio manager. Here are all the insane huge macro...

The first 2 years were unprofitable the last 3 years were profitable but I'm stuck in an 18 month long drawdown. I'm just too demoralized and tired of the stress to continue. The money I can easily make back but all the time wasted impulsively gambling and all the life wasted from the stress...