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My stop limit orders are held on the exchange server on a GTC basis. Others may be different. If I lose connection, either my clearing firm or the exchange can cancel them. In fact, they will work new orders for me if I ask. They will even tell me my open positions. Globex help desk, ICE...

Somebody please get this man Steenbarger's email address. God knows it won't be at Kingstree. Maybe one of his blog followers could help - Lucias ?

The title of this thread, in combination with the identity of the OP, leads me to believe that every major legitimate poll, along with every major economic data release, is not looking good for President Obama's re-election prospects. Every legit poll, every economic metric, multiple sources...

Chicago is utopia. Complete control for decades (couple centuries even) by the Democratic machine for all aspects of government - ditto for Cook County. Everything is better in Chicago. Violent crime, organized crime, drug abuse, poverty, quality of life, taxation policy, budgetary controls...

That is sheer brilliance. Shall we start an exploratory campaign committee ? I doubt we will find a $1M line of credit at Tiffany's. Bring Dr. Pepper. Ak, you are genius.

I have some clients buying the NoB - looks a bit overcooked to me at this point but they do not seem reluctant to keep pressing. Would be about the third time this week where clients took winning trades that I just preferred to stare at.

Let's run him for President. At least he has practical business experience beyond neighborhood organizing for the Daley machine. And that goober Southern charm picques the interest more than a whitebread vanilla ice Mormon I must admit.

As we continue to wind our way through this discovery process, a couple common themes appear: 1. Almost anything related to Forex is incredibly suspect, and 2. Bundled Educator / Prop Trading firms are also incredibly suspect, it would appear that the angle is to ply a much larger fee up...

Bingo ! Winner winner chicken dinner. The most honest and lucid statement made in this entire Godforesaken thread.

And I agree completely. In terms of the psychological and emotional aspect of trading, he is pre-eminent - the best in the business.

No offense, Mizhael, because I like your questions and your proactive approach in terms of what knowledge might be important to building a viable strategy - but this is a valid point. X3

Anything Schork says I listen to. Thanks for the post.

Lucias, I know several of the traders who were at Kingstree (now scattered about), and I stood on a Wrigley rooftop in 2006 during a Eurex party and spoke to the guy for about 45 minutes - so we have different points of reference I suppose. I did not intend, nor do I believe, that I came off as...

Sure, that's his base. Collective Narcissistic Personality Disorder, unionized CBU wage scales replete with strikes every four years or so, collecting unemployment benefits, food stamps and publicly subsidized medical care in between gigs every 18 months. I want to see Tom Hanks proclaim...

The gulf is wide between possible and probable.

If these are exchange cleared products like the Nymex CL, for example, there are published performance bond margins by the CME or ICE under a tab on the product spec page. Look for the month/year product code tier. If they are charging you more than that amount, then tell them to eat the...

There is some really savage and downright uninformed personal stuff flying around here. Not fair and not professional. Brett Steenbarger was not a trader while at Kingstree. He cannot be legitimately called a trading guru - he was not trained in the art, nor has he been an actual...

Mizhael, order up a copy of "Modeling Financial Time Series with S-Plus" by Zivot and Wang. I have the second edition, there might be a later one. Surf the Wilmott forum threads, because quite frankly you are going to get lots of misleading and ill-informed discussion on financial modeling on...

Trading at this frequency and with one-minute data is not a viable strategy - especially given your slippage. Your broker likes it, though. Shitcan the one minute bars and the micro-architecture if you want to have a chance.