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I have worked in several banks as a trader and had 20 times more quants or holders of an an MBA as colleagues than fighters. What you call fighters are generally an old guard which is progressively but surely shown the door of the dealing room.

As said above, an MBA or a degree from the best business school in your country is the key. And no, you don't have to bring coffee during 10years before getting a trading position. That's an image from the past.

Don't trade equity options but I am pretty sure they are available Esig is at least 2 times less expensive than CQG

All feeds / software (esig, mytrack, ts...) generally discussed here are low or medium priced products. If the price is not an issue, CQG is by far the best product available for the technical trader http://www.activetradermag.com/special/cqgnovember1.htm

I am not affiliated with Striker or Attain. A few months ago, I decided to follow a few commercial systems and all I can say, is that Striker and Attain seem to be honest companies: - real account statements: they can probably show you that. Anyway, every evening, they show on their website...

Of course, not all pros use CQG. But a classic trading desk at a top investment bank is Reuters and/or Bloomberg and CQG. CQG is easier to use (the formula language is a dream for non programmers). CQG is very stable on all markets. How is the esignal feed for Eurex? Still as bad? CQG...

CQG, by far the best and most reliable datafeed. That's what the pros use.

The point is that if you trade through a discount online broker, you should have two different brokers/accounts. There will always be outages.

The fact is that many of the commercial trading systems have a difficult year. I follow a basket of 15 S&P systems to gauge my own performance. Among these 15, 6 are negative for 2003 and only 4 do better than the S&P.

I have been in contact with people from Striker in the past. These guys seem honest.

I agree. They need to offer better customere service / reliability, not lower commissions.

Trading part-time is not a problem. Maybe, it's an advantage. I trade full-time and find it very boring. You are able to trade the first hour and generally very good moves occur during this period of time. Your main problem is that while the market was going from 51 to 60, you were only...

http://www.traderstech.net/50k%20example.htm

j-trader is not x-trader

Wrong, at least in Belgium. It will depend on the number of trades. So, if you are a daytrader, you will be taxed at the regular income rate.

Well, probably 93% of traders trading a breakout method in a non trending market with such money management rules will lose their account

CQG Liars' Poker ES

By the way, learn to count 50$ * 7 = 350 and not 250 So your loss for the day is 175 and not 275. But what is 100 bucks for someone who has a 93% success rate...

No, it does not answer our questions I have asked you just after the trade if it was stop and reserve. You said "no I am flat". You did not not say "no, I am flat BUT I plan to enter long if.... and I have a limit order working" And you really make me laugh with your 93% success rate...

was it a stop and reverse? are you long?