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At that speed, almost anyone retail would do from a regular internet connection: Tradestation IB Laser Sterling Pro Trading Technologies Pro

Why didn't you go to FINRA or the SEC to get your money back ? I did. I got my money back.

TOS has categorically stated they really are not interested in customers who get worried about dropped ticks here and there. Remember: they are an OPTIONS broker for the most part who just happen to offer forex and futures. They are NOT out to compete with IB, Global, Infinity, etc.

The best businesses to own in a recession have always been the cemetery and funeral business. I wonder if even they have been affected by this nasty downturn in the US economy ?

Unless you move to futures or volatile stocks and employ a high frequency strategy, I think it's foolish for you to attempt this type of trading with a day job given there is some manual intervention required for 2 of the systems. Just my humble opinion.

Guys - we know that all of these items are points of negotiation with almost all prop firms. This business is not like a hardware store you know.

In as much as the Series 7 does nothing from keeping a newbie from blowing up or even becoming profitable, it's time to drop it as a requirement. It has no bearing on trading success. Let's give it the old heave-ho and develop something RELEVANT. Don - you should be leading this "charge".

"It's the time....it's the season......when love runs high" Remember that tune ?

Uh....Dude...I think that your RCG's Girls "themes" just totally blow away Tumbir. IMHO.

What I'd like to know: 1) what are some HFT strategies ? Do they mostly all use Level I or Level II data for instance ? 2) what is the typical average time-in-trade ? 3) what is the typical number of trades per day made ? 4) what is a typical win/loss ratio ?

Yeah, yeah...but there's no hot chicks....that's a "tell". Geeks are trading....ughhh. No sex, no glamour.

How are strategies and indicators built within ThinkPipes ? Java ? Proprietary scripting ? ???

Well, I think the latest unexplained market crash was caused by poor Indian software that had bugs. 10 terabytes of data and the SEC can't figure it out ? Ridiculous. The last IT contract I was bidding on was related to a horrible implementation written in India. I didn't get the gig (50...

How did this trend get started ? Who let them get away with it ?

See this. http://www.elitetrader.com/vb/showthread.php?threadid=127957 I would be amazed to see a study that imperatively shows and proves there is a distinct advantage for ISO orders as it applies to HFT.

Obviously by analyzing Level I or Level II order placements, movements and volume. It's a well-known HF strat. Yes, but then they effectively go market with their order and bid the Ask or bid 1 tick above the NBBO (buy) or vise-versa on the sell side. So it costs them a tiny bit to do that.

Well...here it is: http://www.cmegroup.com/rulebook/CME/IV/350/358/02.html 35802.D. Position Limits A person shall not own or control more than 20,000 Standard and Poor’s 500 Stock Price Index contracts or equivalent contracts net long or net short in all contract months combined. For...

How could they trade that volume of e-minis in that short a period of time ? Isn't there a limit of 1000 or 2000 contracts per trade ?

Nothing is the answer. The truth is in the BACKTESTING which few day traders perform. It's simple: tight stops must be offset by larger profit targets. Loose stops must be offset by higher winning percentage. Otherwise, you've got a LOSING strategy. It's plain and simple...just like trading.

Thanks for that...my bad then.