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And so the countdown starts once more: 13 12 11 10 In retrospect, the latest 3 week move up has been a giant head-fake. When you review the chart of the Nikkei in the 90's, it was extremely volatile when it was topping. And so is the Dow. Break of 12.5k support will be a huge technical...

Exactly. Anything else is just a real rough guideline. I've heard of the number $7500 per contract for NQ, ES, YM. But with good risk management and tight stops, I believe the number can be reduced to about $4k or $5k. If scalping, even lower. Trading track record, or if system trading, max...

What language is it written in ? What measures in the code did you take to "failsafe" the trading system/application ?

I think the implementation is so bad, they should just fix it without a vote. This is just another example of lack of beta testing of new features. IB just won't do it.....or their beta testers are not really doing the job. The fix is simple: (2 ways to handle) 1) configuration option o...

Exactly. Let the MARKET set the minimum wage. I would take a gander that it is much lower in this job market than most people would realize. Laws and regulation mess with the natural free market. In the long run, this is not good.

OF COURSE, Hillary appears to be in charge. She's SO CONFIDENT in all of her ideas. Yep, the market will say: "we're saved by HILLARY...hooray !". Whew, once the REALITY sets in....it's gonna be ugly in the equity markets.

Good stuff....and this has been demonstrated on the Trader P&L 2007 forum....with one trader doing about +$30k for several months, and then completely blowing up with a $-100k month. I think the profile of your trading is important to evaluate: % wins/losses; avg $ win/loss and % of large...

Better. But....your largest losing day has not been surpassed by your largest (which is recent) winning day. It'll be interesting to see how long it takes you to get back to break-even.

Yes, your trading plan should have the circuit breakers specified - both downside and upside. Usually the upside breaker is something like: Up $1000+ for the day, quit after 30% give-back ($-300+ in this case). So quit at $700 if you were up $1000 and gave back $300. Quit at $+1400 if you...

Which version exactly ? 878, 879 ?? Seems strange....because the API only changed in the beta release (9.4) and TWS releases shouldn't been affected.

"Pressure to Trade" is a huge problem going Prop. It's especially bad when markets are not moving much....ala 2004 -> 2006. You've got to be good right out of the blocks or you'll blow-up very fast.

How about this "big boy" ? http://www.newegg.com/Product/Product.asp?Item=N82E16824254026&ATT=24-254-026&CMP=OTC-pr1c3grabb3r&cm_mmc=OTC-pr1c3grabb3r-_-Monitors+-+LCD+Flat+Panel-_-Hanns-G-_-24254026 HG281DPB Black 28" Widescreen LCD Monitor Manufacturer's Info: The HannsG HG281DPB is a...

Great Post !

A couple of comments (having traded both): 1) You can reduce the liquidity problems with stocks by setting a cut-off of $2 million shares per day traded on average. Of course, this cut-off prevents you from trading stocks that can really move in one day. 2) The stock "too much variety" problem...

Wow - ever so true. I was ASTOUNDED to discover recently that institutional rates for stocks are below $1 per thousand. The average prop is charging $4 to $8....a pretty nifty mark-up that, over time, would kill the profitability of all but the best day traders.

Nah....STA (single threaded architecture) pretty much kills it for intraday trading.

Amen. It comes down to sound RISK MANAGEMENT....and it SOUNDS simple, like use a small STOP LOSS, but guess what ? The market will CUT YOU TO PIECES...."death by a thousand cuts". So it's much, MUCH more complicated than THAT.

Exactly. I know of one trader that has proven he could take an account 200% in one month, at the risk of losing it all. Interested ? PM me.

BOTH Win/XP and Vista are horrible for trading workstations. To prove it, one trader took his working Tradestation platform (and it can really consume CPUs), and ported it to the fastest machine he could purchase using WinXP/Pro. His older machine was running Windows 2000. NOTE: He could never...

Wow - hard to believe it's that bad. I only reviewed the docs and they were much better than IB's. It appears as though almost all of these API's suffer in one form (design,implementation) or another(tech support,documentation). We're still in the Wild, wild west days of programmable trading...