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Probably not. I don't need something that grand. I would spend around 2-2.5 million at most on a house. Rest would go into investments and business. Oh yea...1.5 million for cars; gotta have the Enzo and the Carrera GT :D -FastTrader

You referring to the ES? If so, is 1029.8 the average price due to multiple contracts and slippage? -FastTrader

I would recommend BASIC programming to learn the concepts of how the logical operators work. From there on, I would turn to C++ to understand object oriented programming. After C++, you'll automatically know 90% of JAVA programming, and can learn that as well. -FastTrader

What do you mean IF? I already told you I'd buy it but only with the cars; otherwise, no deal. Sorry :D -FastTrader

Will these be real $ trades or paper trades? -FastTrader

Good luck :) -FastTrader

That's the only way they could get me to buy that place. No cars; no deal :D -FastTrader

If you're an "Active trader", your commission will be more than that for 1 day. I don't trade full-time and still my commission is more than $30 per day so the data-fee is always waived on my acct. -FastTrader

Yea, I was just using it for explaining how I think Margin works. -FastTrader

According to the IB website, here are the Margin req. for YM: Intraday Initial: 1350 Intraday Maintenance: 1000 Overnight Initial: 2700 Overnight Maintenance: 2000 I'm a little confused on Margin req. myself, but since I never fully use margin, I don't pay much attention to all the...

You're a Prop Trader making $12K per month and you don't know the differences between those terms :confused: -FastTrader

Another edge is to not have any single bias, and trade the same stock Long and Short during the day. Ride the wave :cool: -FastTrader

How about using a percent rule. For example, cut the loser when it goes 1% of it's price, against you. So, lets say you went long on a $50 stock. 1%=50 cents, so you would cut it when it went 50 cents against you. This is just an example. The actual percentage really depends on your account...

41 straight winners from here on :D I would say there's a 93.93% chance, this is not going to happen :p -FastTrader

Home office. -FastTrader

Thanks. -FastTrader

I believe balda is referring to win rate. T-Rex has already made 3 trades (all loses), so he would need the next 40 trades to be winners to achieve the 93% win rate. 40/43 = 93% win rate -FastTrader

ditto. August sucked for me and my acct. but Sept is going well so far. -FastTrader

Is their any age requirement for the Series-7 exam? -FastTrader

You may be newer but I'm sure you've executed more YM trades than myself. I trade part-time so I don't get as much exposure to the market as the full-time traders. I stick to my 1K sh lots on stocks regardless of price. I stay away from the cheaper stocks since they don't have enough range. A...