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The risk is that the deal falls apart, or the terms are renegotiated. If it's a solid deal, it will trade at a discount to the final price because of the time until the deal closes. You're tying up money for a 10 cent/share profit. How long do you have to wait and what's the risk free rate of...

You're using the wrong futures contract. December became front month last week, you are using September. I assume you don't have a big list of stocks, cause you woulda been short an awful lot of them. Sometimes it's better to be lucky than smart. I would try to avoid making a habit of it...

It'll depend on the trader. Experience level, capitalization, strategy, but mostly how well the firm knows you. When you open an account they'll usually give you a set amount of buying power, both intra-day and overnight. They may also place share size and $ value limits on positions. These...

You are making an inherent assumption that is wrong. You assume that everyone trades plain vanilla, big cap, run of the mill typical daytrading strategies. Most of the most profitable guys I know are doing very unconventional strategies, often in unconventional instruments. Posting trade...

Haven't you heard the mantra? "you can never go wrong owning real estate" "average joe" believes you can't lose in real estate, you just have to hold on long enough. Try that in futures and they liquidate positions for you. I think some people are now learning through speculative real...

I live in central Canada and the average home price in my city was up 51% year over year for July, hottest in the country. Residential real estate across western Canada has been going through the roof. Price appreciation is slowing, but still growing. I probably wouldn't buy now, but with $8...

I strongly disagree with that statement. What do you base this arbitrary number on and why do you feel anything below it is a blowup waiting to happen? While I agree that P/L should not be what you focus on, PF is only one way to look at profitability. For me it's a number I record and look...

http://www.elitetrader.com/vb/showthread.php?threadid=83474 I posted the basics of the strategy in this thread. As I've said before, trading opening orders is just trading. It gets you in with a small edge, but it is purely trading skill that will determine if you make a profit. I...

With the good comes the bad. Three weeks after my best day ever is my worst. It was due to a fat finger error in my main system, sent 100's of orders at the wrong prices. Traded 2 million shares and got slaughtered on slippage and gaps against me at every turn. It was all over in 15 minutes...

I submit moc orders for nyse listed stocks daily at IB. I always get the official nyse closing price.

I know about 10 daytraders making an average of $40,000-$80,000 a month or more, never having a losing month, for years on end. Most are working with a capital base of low to mid six figures, but that still works out to 100's of percentage points a year return. All started with small accounts...

Um, no they're not. Making consistent, modest gains is one thing, lots of guys can do it. Making consistent BIG money is a whole other ball of wax. It's a mental thing mostly. If you're going to swing big before you've learned how to win consistently, you're going down in flames.

From Alexander Elder: The three goals of trading, in order of importance: 1. Preserve your capital 2. Earn consistent returns 3. Earn large returns I think that is what you are trying to say. If you don't want to lose any money, then you shouldn't trade.

Why wouldn't they? It's the trader's money. If you are at a firm that forces you to trade or to hit volume minimums, seriously question why you are there...

You need to hook up with some other traders in a chat room. I am online with 6-10 guys during the day and it's great. Sometimes we discuss trading, sometimes South Park, sometimes boobs. It's a great environment. In fact I refer to them as 'the guys at work' when talking to my wife. I met...

Essentially you are correct. However, not everyone uses automation to trade opening orders. I can actively scalp a dozen positions just by watching them and being quick. With dozens or even 100 different trades going, I trade them as a portfolio, watching p/l, the market and paying attention...

I have posted every single day to the P/L thread in streaks of several months, a couple times. Eventually it gets cumbersome, or I'm too busy after the close and I just stop. Now I'll post monthly or on certain interesting days. My motivation is really just to give back to this site that...

My best day ever, thought I would share. $87,484 net <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1572220>

About 90 fills and +80k, give or take. That takes me OUT of the hole for the month, it was a rough start. A lot of sloppy trading lately, would be a good day to have a smart bot.

You can take NASD courses, including the series 7, through the PROCTOR system. It's an online testing system and Thompson Learning Centers is one of the private companies that administers them, there may be others. I wrote my series 7, 55 and 63, plus the continuing ed exams at a Thompson...