Search results

Agreed. However, most are not trained well either. Not really. Much of the problem relates to these really crumby prop trading platforms. Many of them do not support stop orders, most do not support contingent and/or bracket orders. Day trading is simply longer-term trading compressed into a...

re: May 6th outages at both TOS and IB. This indicates each likely to be using a third party service for the data stream....i.e. Comstock for instance. So technically, the problem is "outside" of their control.

That was good, BUT..... Larry never mentioned: 1) a good trading system/approach 2) importance of building intuition 3) instincts of a trader - that takes time THESE THINGS JUST DON'T HAPPEN.

Did you ever consider: THAT MAY NEVER HAPPEN ? TOS is really tough with BOTH commissions AND margins. and... their futures margins are really outrageous.

Welcome to McDonald's ! You should see how bad it is relative to their technical support of their API. TOS was supposed to come out with an API, but I think that project got cancelled....and for good reason: Supporting a complex API requires huge resources. As with McDonald's, IB has the SIZE...

What are the IB data fees and no-trading fees ?

Not me...50% at best....but I still manage a small profit. And that's the key: keeping the losers small enough compared to the winners. 98% winners ? Hogwash. That only happens if you are scalping in millisecond time-frames with wide stops.

That is.....until it all ends. That's gonna be a whopper.

EUR/USD futures down nearly 100 pips after the 4:15 close !!! Tried shorting this afternoon...boy was that dumb. Made some $$$ this morning however.

Thanks much guys....I'll let you know how I fare with my final set-up.

I need to add a multiple monitor set-up (4) to my trading workstation. Can anyone speak for the different techniques of connecting the monitors ? I see some can be daisy-chained together via USB connector. Also, is there much difference between the older DVI connectors vs. the new HDMI spec ...

....and Lloyd Blankfein continues to do "God's work". Right. http://open.salon.com/blog/timinglogic/2010/04/17/lloyd_blankfein_goldmans_ceo_told_us_he_was_doing_gods_work_dylan_ratigan_explains_why_goldman_sachs_may_instead_be_the_great_satan

crgarcia: I just came out of a 4 month contract with a "big pharma" company. Talk about bullshit jobs ! Most of the people there had these incredible benefits, yet they did nothing but answer emails and phone calls day after day. The amount of "dead wood" at this company was phenomenal...and...

"A man's doubts and his fears are his worst enemy" - William Wrigley, Jr.

yes, but the delta is certainly not equivalent to two long calls. That would be the case if the puts were ITM, correct ?

What is the situation regarding spread execution on the CBOE ?

Agreed. Tim Sykes proved this. Then...he went from "special" to "normal".... and lost it all back. His is a great example...NOT to follow. Instead of doing what Tim did: 1) stay humble 2) stay focused 2) stay special

After the Madoff affair, that's no great comfort..... Especially since Aguilar is very unproven right now.

Agreed and fair enough. But this whole episode brings-up a really important issue: WHO monitors the Prop firms ? Isn't it FINRA ? That's why I mentioned about an investigation....you really can't believe the principals in something like this where money could have been lost. They're not going...