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It would help if you would provide some information as to why you are asking this question.

You are the one that is ignorant of how the S&P moved back in 1982. I hope you didn't hurt yourself pounding the table. If you want a friend in the financial industry then get a dog. Everyone I know would think it insane to fly to NYC for the weekend. We just take the train. I can...

No, that is his friend's name. :D

$500 margin for ES? What do you plan on doing when the ES makes one of those quick sudden moves past your stop loss and eats up your $500 and a few dollars more? If you have found brokers that charge $3 RT all in for ES you are not reading their commission schedule properly. Please note...

Every hear of the CME or CBOT or Globex? http://www.cmegroup.com/ The futures trade almost 24 hours from Sunday evening to Friday at 16:15 EDT.

Senators Schumer and Clinton would never let a transaction tax pass as it would kill New York City and New York State.

All index options are not the same. The monthly ES index options settle into the nearest futures contract, only the quarterly ES index options settle into cash.

I give up. I can't help you other than to tell you to stay away from IB as they will not hold your hand.

The vast majority of the overpaid employees on Wall Street have compensation contracts that specify their salary and bonus and are legally binding on employee and employer. New York State also has laws to tend to be much more favorable to employees than employers. Any Wall Street employer...

"barely moved" ??? Have you no sense of market history? In the 3 months from early August 1982 to early November 1982 the S&P was up more than 40%.

The CME should give us an Globex S&P contract with a $500 multiplier. That way the S&P pit remains and Globex traders get a big S&P contract. $500 was the original multipler for the S&P futures at the start in 1982.

And what if the bear market is only half way over?

Did you consider the possibility that the overpaid employees negotiated their compensation packages when they were hired or put in their current postion and are legally owed the money?

You have a very serious reading comprehension problem. How is it possible not to understand the following simple sentence from IB's commission overview: "IB offers two pricing structures for stocks and ETFs in the US and Canada: bundled which is a fixed rate per contract, and unbundled which...

If you think that half a cent a share is a lot of money then maybe you can't afford to trade.

If you are testing against tick data then you have prices in time order as they occurred and it is obvious that you don't buy and sell the same tick. If you are testing against 1 minute (or any time period) bars you only have prices in time order as they occurred from one bar to the next bar...

I and many others would be thrilled to make an average 1% a day trading futures let alone 1% a trade.

If you are using 1 minute bars then your results are not valid. In writing a trading system you cannot buy and sell on the same bar (of any time frequency) because you do not know the order of the high and low for that bar. Rewrite the trading system logic to only allow a buy or a sell on a...

It is better that I kill him rather than the market kill him. Being ignorant about anything in the futures markets is the fastest way to a zeroed out account.

How much a lb do you pay for your stocks/options? :D