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Alright, I am not saying you should go back to corp world at 60/hr, over 100/hr in your trading. I am only saying you should try your best to increase your earning to 180/hr to overcome the risks inherent in a trading career.

These are my reasons: 1) Specific Edges in trading can disappear over time. So you could be profitable now but not any more say by 2017. Take Neke's example. (Lets not argue if he had any edge or not. The fact is he was making 200k or so every year and for last 2 years now he has not been...

What is the opinion of ET traders?

dom has offered practical wisdom gained from experience. When you are starting out trading, it is much better to work with conservative assumptions. Once you become more experienced in terms of order fill etc, you can modify the assumptions to make them a little bit more aggressive.

Simple. ES average bid size is say 800 contracts. Let us say you place your orders in advance and you are at 500th position. Still 500 cars need to trade before your order will execute. Compare this with NQ - average bid size say is 50 cars, you place orders in advance and are at 30th position...

Thanks, nice perspective. I missed considering travel cost in my analysis.

College graduates are at a different stage of their lives. There is no sense in comparing college graduates with full time traders. If you want to compare full time professional traders, the correct comparison would be against their alternate careers be it at a Walmart store or in an investment...

+1 I think in framing this question I have made the mistake of casting my situation onto everyone else. I trade full-time out of my home and I have recently become net profitable after years of hard work, sweat and losses. However I am still making less than what I could make in an alternate...

For holding time periods > 1 day, using adjusted close prices and also deriving your own adjusted OHL prices from yahoo/google data is required. However, if you are testing for only intra-day trading, then <b>imo</b> using adjusted prices for splits and dividends is not required. Rather...

HAHA unfortunately my friend, it sounds hard but you are correct. LOL! :cool:

why bet when I can tell you if you ask politely :) I made 6.5k in June and it was a high volla month. You can extrapolate for the year. Have been at this game for 4 years now. Last year was first time breakeven, before that was losing. Have made money 5 months out of 6 this year from Jan to...

I think it matters a lot - your perception might be different. I am just trying to get realistic and ask career traders what is their thought on this topic. For sure, people who are pursuing this career full-time give a lot of thought to this question. Same way if one is in a regular job, one...

Given the intense amount of effort, years of struggle, personal sacrifices, thorough research, software development (if you are a systematic guy) that trading requires, if a successful trader does not make "at least" 200k a year - in my book, he is still a piker. Do you agree with this...

Tickdata.com has all quotes and trades from 93-13 (20 years) for all US stocks for USD 95k. As far as I know, apart from full CME TAQ databases, it is the most comprehensive historical database for US equity. Similarly, CQG is highly reputed. Eventually, I will go for this data (most likely)...

Sys - Thank You Very Much. I am still new with the IB worksheet. Once I become a bit more familiar, I will see if I can connect to TWS using activex instantiated via VBA, rather than calling activex object in each sheet.

related question: Is there a free eod data source on internet which gives data for stocks which got acquired over the years, or which got delisted from exchange because they went private or failed as a company? Yahoo/Google finance do not have tickers for the delisted/acquired stocks. So...

Based on the feedback I have received, I have mostly started working using yahoo's data. I just saw this website today - from the sound of it and history, it seems a credible alternative to yahoo data. https://quantquote.com/support_faq.php Does anyone has any experience with this data?

OP - as steve has suggested, go look at T&S for that particular contract.

expect to lose. ES book size is too thick. in 80% of cases, you will have to cross bid-ask to get a fill. Touch will not give you a fill in 80% of cases.

if US introduces a transaction tax, will it kill High frequency trading? What will happen to firms like Getco, your firm etc. What will happen to all the people who work there and have developed a highly specialized skillset? Thanks.