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Goal One: hurry up and develop a phone trading app Goal OnepointFive: Hire an army of tech and social media influencers to sell it Goal Two: Sell all order flow Everything else was a plug and play afterthought. This is a proper smart phone trading app...

***Note, this is an update to a couple earlier threads with some more specifics just released at 3:42 ET today by Bloomberg News.*** Bloomberg October 15, 2020 By Sophie Alexander Almost 2,000 Robinhood Markets accounts were compromised in a recent hacking spree that siphoned off customer...

Theoretically you could use Crack Cocaine or Black Tar Heroin only once per month also.

FCM = Futures Commission Merchant. An FCM in the United States is regulated by the Commodity Exchange Act and a slew of regulations by the CFTC, the NFA, and the trading exchanges themselves. And as you might guess there are plenty of regulations about customer intra day risk margins and...

Just about every blowout I've seen was the result of adding to a losing position. What's insidious about it is that it will work multiple times - and when it doesn't the results are catastrophic. In other words, a bad habit gets reinforced and then it destroys you. You would be far better...

I can only speak for a futures account - but yes, no FCM is going to let you trade futures effectively using the firm’s own funds for your personal account risk margin on an intraday basis. No bueno. Even when I carried T-Bills in my futures account I also carried at least 25% of the equity...

The eternal problem with adding to losing positions is that the original premise for the trade entry has typically gone out the window and it’s devolved into a breakeven endeavor.

And that’s how the “Pros” get blown out.

If I can make a suggestion: contact an FCM customer rep, honestly tell them what products and time frames you will be trading, and inquire about using a Treasury Bill or Note as collateral. You are going to have to provide liquid cash for your daily margin requirements regardless. All of this...

I would urge you to do some of your own research on Pete Steidelmeyer’s original works. I consider price over time to be far more important than volume. The time component is huge for me. The more time that an instrument spends at a particular price range, the more universally accepted the...

Futures trading accounts are NOT bank accounts. Different uses, different account guarantees, completely different regulators and regulations.

Yes, my BP dropped and my cholesterol improved.

No, FDIC and SPIC do NOT cover trading accounts. And being made whole means 100% - which after a period of months the futures exchanges DID indeed make customers whole. The problem at PFG Best was fraud and theft on a massive scale by the CEO, and it took a considerable forensic accounting...

Yep. The calories were mostly in fats. Sugars and Starches I didn’t touch for months.

I lost 23 pounds last Spring just keeping daily carbohydrates under 20 grams per day. Part of me says that this is just another variation on calorie counting - but it does force me to emphasize an intake of protein and greens which I think is the smart approach.

I think it depends on the nature of the edge. When it comes to inter market correlations and market structure exploitation I’ve seen some guys get clipped pretty hard before it became obvious that what was once an ATM no longer was.

I wouldn't personally label DRW as "Old School" per se.

I have personally had edges that disappeared, and I know plenty of traders whose edges disappeared. These "edge" circumstances I speak of were always some sort of inter market correlation or market structure dislocation in an intra day time frame setting. I've been swing trading in earnest...

I am referring specifically to FCM's. (futures commission merchants)

I used to keep T-Bills in my futures account, but that practice isn't really supported these days. I've kinda gone the other way since the Man Financial and PFG Best debacles - I keep modest capital in my account and if they need margin I can wire it in 30 minutes. I've had some clients get...