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It shouldn't cost you anything. Most firms will provide you with their software for free. Some may charge a monthly fee of a couple hundred bucks, but if you are even semi-active that fee is usually waived.

-$9350 net on 209,000 shares. Worst day on record for one strategy today and the others didn't do much to help.

S&P 500 shortseller

I do not risk a set amount per trade. In fact, my risk is open ended because I do not know how many positions I will have and I do not use stops. I just trade what I get and let the market tell me when I'm wrong. I determine my position size based on my best estimate of what a "really bad...

There are lots of professional/proprietary trading firms, much discussed on this site, that offer very high intraday and overnight margin. They are able to do this because they are essentially structured as a private partnership and not regulated like a retail account. Being a private group...

The first was Jan 26. I had 3 longs and 9 shorts and out of that got one winner and one scratch. The market was gapping up big that morning and it looks like it just ran higher from the start. I don't have any notes about anything unusual that day. I imagine I was trying to be patent and...

By Thursday's close I had beat my total for the entire month of December. And December was a good month! I like 2007 so far.

Agreed, the way IB shows charges on their statements is a joke. Just a number with no input on how they arrived at it. You can't track sec fees, ecn charges, nuttin'. Dumb.

$149 net on 137,0oo shares. Pretty happy with that considering I was under water pretty much all day.

The only instance I've been involved with or heard of was a couple years ago when the TXN specialist's clerk keyed in the wrong price to open the stock at. He was out by a whole dollar and they busted the entire opening print, like it never happened. With a specialist controling the bid and...

Your point is incomplete without including win rate in the calculation. The formula for expectancy is: (avg win * avg win rate) - (avg loss * (1-win rate)) Risk 20, make 10, but with an average win rate of 70%: (10 * .70) - (20 * (1-.70)) = 1 The expectancy of your system is 1...

$9969 net on 168,000 shrs

$49,421 net on 624,000 shares. Great way to start the year, busiest day ever I think. 2nd best P/L day on record and coulda been close to 70,000 without one royal screw up and a bit of luck.

Not sure what you mean by what happened to AXP in the morning. These are all opening order trades, all longs. I was in on the first print of the day and flat them all within about 15 minutes.

Best day in over a year, nice way to get '07 started <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1313117>

Did you not get the pm I sent you? The firm I'm with will accept accounts from most countries. Put up capital, get professional leverage and keep 100% of the profits, no licensing required. They're not a site sponsor, so I won't mention them here, but pm me if you want to know.

Have you checked into it? There are professional direct access firms that will let you open an account from almost any country and trade remotely. Put up cash, keep 100% of what you make.

Where did you get that advice? If you trade for a living it's all claimed as income, not cap gains. You can decuct any legitimate expense you incure to earn income. Office, computer, data feed expenses, etc. If you are an active full time trader and claiming it all as capital gains, good...

Here's my 2007 recap of opening orders, which I've done for the last few years. 2003 http://www.elitetrader.com/vb/showthread.php?s=&postid=399734#post399734 2004 http://www.elitetrader.com/vb/showthread.php?s=&postid=658387&#post658387 2005...

Way to go. You are going to make a lot of money over the years if you keep operating like this. Excellent record keeping. It looks like you just boil it down to odds. This is exactly how I trade and I break out my stats the same as you for various strategies. A bit of advice to you...