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Well said. Can’t remember ever seeing a thread here where someone had reasonable expectations. “ Looking to become a trader guys. I have two years living expenses aside and 50k to start trading with. I plan on risking .5% of my account while beginning live trading just to get my feet wet...

Here’s a couple resources to get you started. https://www.marketlifetrading.com/ Don’t worry about premium. The course is free. Atleast watch the first two videos. He’s currently redoing the course. The course was free for many years and he just rebranded his research firm and such so...

Perhaps your missing some specific exchange data? Never used IB myself but looks like they break down most their feeds to specific exchanges or bundles of exchanges.

Trade where you have an edge.

Like above poster. All you can do is backtest/forward test a strategy and follow the rules if you want to know for sure. Could always take your past trades and see if you are consistently getting out too soon or getting in too early even. If you are selling too soon, measure your MAE and MFE...

Without a brokerage that’s about as cheap as it’d get.

Its good to google some topics on market micro structure and payment for order flow so you'll have a better idea of how your orders are working. Bid/Ask are placed on lit exchanges, everyone with market access can see these. Your broker is responsible to show you the NBBO (National Best...

I'm an electrician myself. Ignore buddy up there. Traders like to give themselves all kinds of fancy names. When you get down to it anyone who buys anything expecting to sell it later for a profit is a trader plain and simple.

https://www.elitetrader.com/et/threads/etf-structure.298249/ Asked a similar question myself once. The redeeming was something I was unaware of. Basically if things get out of whack theirs an arbitrage opportunity and someone’s gonna take it to keep it in line.

Did you trade it?

Only way for yourself to come to this conclusion is to backtest or forward test to see if volume has any relevance to a strategy. Myself I have tried to use volume as filters in my strategy and have found nothing useful for myself. Perhaps others have different conclusions. My bread and...

http://www.forexlive.com/news/!/fxcm-sued-after-canceling-trades-that-netted-460000-20170718 Found the story I remembered. Even if you beat them they’ll come after you lol. Guess the lawsuit is over him being banned and using his wife’s name, but it says they banned him before for gaming the...

Yes but theirs a 10k minimum. Interactivebrokers.ca

Think or swim is compatible in Canada just it needs to be a margin account of atleast 10k deposit and for u.s securities. Questrade charges penny a share, 4.95 minimum ,9.95 max. So it’s really only a penny a share from 495 shares to 995 shares. They have an advanced trader package but doubt...

XLF and SPY are from these guys. https://us.spdrs.com/en/product/ They have a set of sector related ETF’s like XLF.

Yah. Pretty standard. When I had IQFeed for data it they charged like 150$ from CME unless it was plugged into a brokerage account/trading software that was recognized. I could however subscribe for a couple of months to delayed CME Data. Futures exchanges don’t seem to like non traders...

He’s referencing his previous thread. https://www.elitetrader.com/et/threads/ally-invest-opinions-experiences.316741/#post-4578457 Post 5 I think. Should’ve just put this in his original thread instead of creating a new one.

That poster was talking about currency spreads. As most forex brokers, the broker is the counter party to the trade, they make the market. Nothing to do with stocks.

I got into this stock early August if I recall. Had some cash to put in my RRSP's and decided to place a small position somewhere in the marijuana sector. It was a pretty small position, maybe 3% of my total portfolio value. I figured I'd look to hold it for a couple years as the market is...