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I checked into them and did a little math. If you do more than 6.5 RT a day then it's cheaper than IB. I calculated using their all-in fees + the annual subscription fees. For active trader, it's easier to do more than 6.5 RT a day on index futures... Or put it another way, the breakeven is 6.5RT.

That's quite possible. They probably use maximum # of contracts and minimum margins. Peddle to the medal. Not my style. I like to live to fight another day. Let's look at NQ this week alone. On 7/25/18(Wednesday) in the NQ we had a 100 pts up move in the normal session. Then afterhours a 100...

haha. People forget there's "capacity" issue for each type of strategy. No strategy is infinitely scalable! Daytrading strategies are definitely capacity constrained... That's why big fund managers have to trade longer time frame in order to swing billions. Then their annual returns go down to...

If you have an edge that allows you to consistently make a $100 a day then it's just a matter of scaling it up and you'll hit that $1M mark sooner. I'm NOT saying it's easy. The hardest part is to have a consistent edge in the first place. Once you really sure of your edge and just apply it...

Here's the math. You can make: $100 * 10,000 times = $1M $1000 * 1000 times = $1M $10,000 * 100 times = $1M $100,000 * 10 times = $1M $1M * 1 times = $1M It's about scale and frequency. The frequency can be daily, hourly, or per transactions. If you make $100 per round turn and you make 10...

I'm beginning to believe in scalping. I lose every time when I try to predict and hold long term. I think if you are willing to risk a little more and wait longer you can get more than one tick. On NQ at least, you can easily get a few points! At least in this volatile market. I've been sim...

@maxinger Do you mean lots or round turns? I think RTs is a better way to classify these categories. A light scalper could be swing size. A medium scalper could be swinger less size but more frequency. A heavy scalper could be swinging size and frequency.

I scalp futures. But I think scalping for 2 cents is not enough to cover cost and losses. You can barely beat commissions. Even in futures, I try to go for multiple NQ/YM points when possible.

I was short on a sim account a bunch of NQ futures. It was pure luck that it tanked like that netting like $28K in sim account. What I'm more proud and more optimistic is my short-term edges and signals that I can and have been executing all day long. It feels more like a biz. You have an edge...

Thanks for the video. I'm not sure the song meaning. Something about gambling perhaps(?). Anyhow, yesterday's gain was pure luck with after hours drop due to FB. Today I'm more proud of executing my edge over and over. I think short-term scalping(at least for me) is the safest edge. I'm not...

Today was a horrible day for my trading though I made money. It's a horrible day because I violated all of my trading rules. Which in my book is a bad day!!! I'm so sorry @Xela and other ETers. I should not violate my rules going forward. I feel like sh*t inside. In my sim account, I had the...

@Cabin111 : I did OK today in both my real money account and sim account. I could have done significantly better if I was more active. But it's a long road. After reflecting on everything, I'm in it for the long haul. I'm picking up another client's work shortly. Thank you for reminding what...

Another update. Just finished up with another client's work. So some lull time before starting another project. Time between client's projects was a week last time. It's nice to have these breaks before diving in again. So last few days I traded actively again on both sim and my real money...

As an even keeled rational person, what you said is fair. I wouldn't say I have 20 yrs of trading experience! I daytraded a little bit back in my prop days. Then I went back to Corporate America since then. There were long periods of many years where I did NO trading at all. Didn't follow...

Agreed. If I ever get to make $4K-$5K/day then obviously I would change my mind about trading full-time. I'm not there yet... :)

I know what you are saying. The problem is that people assume that they will get a fixed amount of $$ trading every day. The distribution of P&L is never uniform. There's a lot of variances(on the plus and minus side). For now, it's better for me to have the stability of a consulting job plus...

Leading a double life =============== Just had another good trading in the morning. I feel like I lead a double life. Thanks to my timezone, I get up early and do my exercises. Then trade. Then go to work. On good days, I make in one hour what I make an entire day consulting onsite. On other...

http://faculty.som.yale.edu/Tobiasmoskowitz/documents/Mom_crashes_JFE_final.pdf

Agreed. There's definitely positive bias in the stock market. I find it harder to short index futures and make money consistently than just to go long. Even on down days there are many bounces or reversals from the bottoms. I got rid of my short bias on the index futures, which is a good thing...

Today is my off day from my consulting biz. I had a routine doctor's checkup appointment in the morning. I traded at the open. Made a little. Nothing to write home about though solid. Then I came back from the doctor's appointment it was mid-day already. I said what the heck. let me check the...