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Maverick is part of T3 now. I would expect much better commissions. You must be non-US and don't require license. I agree. No matter what they do, 90%+ will fail/quit and there's nothing they can do about it. Now, can you figure this out without being out 6k? I would say yes, but it may take...

I don't know about that ... Haven't found an edge swing trading with or without stops :) I have a mental stop at pre defined level and I will get out. However, if there is a gap through it, I will try to assess situation and possibly try to add to position ... Basically trying to use my excess...

No, I only use mental stops. If you size your trade properly, you are better off taking occasional hit then being constantly robbed by gaps, mini-crashes, liquidity vacuums, etc.

If you use STP LMT orders at different levels they would be less likely to fill, but as you said, no guarantees. I would use OCO one STP LMT order and one STP MKT order as a "get me out at any price if we get there."

Besides leverage, any advantage over just using the underlying? The only thing I can think of is that your stop loss is baked into the trade.

Your order is only protected up to the displayed size of the NBBO. For example, you send a buy order to Nasdaq for 1000 shares. The Best Offer is for 100 shares at NYSE and 200 at Edgex. Nasdaq must route 100 to NYSE and 200 to Edgex. However, the remaining 700 are not protected and will most...

How do you know they are LONG term successful? Granted, they appear to be very knowledgeable on the topic.

Stay and keep bullshitting around (like this poll). Seriously, if no one will be here to put people in check, the value of being here will be severely diminished, imho.

Proof of what? I get it, they don't use PFOF, but what happens to the order? I've seen people claim that the order does not get to the exchange until it becomes marketable. So where does it go? Do they internalize? I don't think I've seen a definitive answer from either IB or people on this...

Have you seen any studies showing RH execution to be inferior? I understand what RH does with orders, but do you understand what IB does? From reading ET posts it looks like no one does for sure. To me it's very simple ... If you charge me a commission, I want to be 100% in charge of my order...

So where does it leave the retailers? I've been thinking about this ... Let's put hedging and leverage aside, the only thing that I can come up with is using part of your profits to enter into lottery type of trades around turning points. Obviously, we can't predict turning points with high...

I think you may find this interesting. Not as good as it used to be, but I don't think you can ever get to this level by going at it alone.

And the other 5%?

Why would IB do anything when the client explicitly sent two orders instead of one!? Twice the commission if they both fill :)

Pegged orders are usually non display ... Otherwise they would themselves cause bbo changes. But I am not sure what IB is doing.

Example(not necessarily from ET)?

They are keeping it all for themselves ;)

Beautifully put. This goes right to my "Book of Wisdumbs" ... Why misspelling? To remind myself that there are no absolute truths. Here is one from Peter Brant - "There is a fine line between allowing a market room to run and protecting profits. It is my desire to give a market every...

I must say that I was surprised to read in that ad that they do swing trading. Usually it's day trading only.

Lol. She was quite young so I assume she got there straight out of college. I would not call prop trading firms that sell education professionals. I know of prop groups that do serious option trading but l think they don't usually take people from the streets.