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Self clearing broker - a receipy for disaster? Isn't it like self-audited business? Is this common? https://www.wealthmanagement.com/technology/robinhood-s-bumpy-transition

That's an exaggeration. It's simply a tool, better to have than not. For liquid futures, SIM should yeild very close results. Obviously if you try to capture momentum, expect slippage. Backtesting with intra-day data will yield worse trsults than forward testing on *realistic* simulator...

I m not sure what you mean by cloud. So below is set up I had in mind: Home PC - RDP - Colo running GUI Platform - broker (same/near Colo). Vs. Home PC running GUI Platform - broker. My assumption is that RDP is faster to update your screen than for all the market data to arrive to your home...

I really don't. Does it stand for Benevolent Bitching or something?

Dude, your problems are not really my concern. I reply to other readers having the same issue(myself included). But mainly I reply to hear others question my beliefs. Why did you post? To curse out loud?

I was wandering what would be faster for manual trading - running locally vs. RDP to a co-located server? Assume all else is equal. In other words, is RDP faster than your home platform communicating with broker's server? Did anyone try running side by side? I understand there are other pros...

If you have a plan, you should have accepted all possible losses. I started with live acount but made it small enough not to blow up, yet large enough to feel the pain. And I felt it! I had a rule that all stops had to be taken manually (no stop orders) to prove discipline. Have max loss and...

Sorry, you had $1M exposure/position? You should be very very worried about these things then! I hope I misunderstood.

You are right ... Keep thinking equities :)

Very good question and I hope someone who knows can give a firm answer. My understanding is that Corp/Llc will not protect you as it will be viewed as simply a vehicle to circumvent liability. It's in your brokers interest to make sure you don't blow up their (clearing's firm) money, so they...

Well, it appears I may have been one of few "suckers" paying for their stuff, but I got no regerts :) This should probably be in the psychology section, but I wanted to share one of their articles which made a big impact(mind-shift) on me at the time...

When I started to learn, I was really confused by the term price action. I was looking for a a good resource. I found yourtradingcoach.com approach very fitting to my "beliefs" about the markets. Eventually I purchased the course. I recommend it. But I suggest you read his articles first and...

I don't get it ... You use your indicators but it's essentially a discretionary system? So cannot be tested? What's the point then? You may be an amazing trader with or without these indicators.

But they are the ones that will take the hit in that case, right? That would be a bad precedent. But I do think they should have had more oversight and thus are partially responsible, imho. Let's see.

Excited for you! Do you think such low number requires you to take large size to make money? That would be a big concern for me.

Not trying to talk you out of it .. by any means get it. Anyone can cherry pick a couple of charts that fit their method, but few can trade day in and day out with controlled risk and money management. I subscribed to Dave's service for a year or so. Highly recommend as learning experience for...

Don't spend money on generic stuff ... Spend money on someone helping you trade the method instead.

I don't think it's easy to open multiple Corp accounts for trading. Both the bank and broker will be on you. But I have heard of people opening an account and leveraging up on a lottery trade. When you are young you have little to loose and can come back from almost anything ;)

Forgot to mention ... The Corp account I can split into multiples. it's very easy, you just do it online by adding a trader and allocate BP to it. It has its own account number which is great, especially when using API.

I have Portfolio Margin account with IB. There's minimum to qualify, but I don't believe I signed personal guarantee. My corp has no assets. I also have personal account with them. I have account with Advantage Futures and I opted out of signing personal guarantee, but I promised to close...