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I love how these Billionaires (regardless of political affiliation) employ an ARMY of tax attorneys to avoid taxation - and then virtue signal to the world about the dangers of income inequality. Jagoffs

Powell and the Fed are being forced into a negative interest rate scenario because the ECB is already there. Draghi has made it clear that he wants to continue cutting further into negative territory and the Bank and Currency Desks take this as the EU’s strategy to depreciate the Euro vs the...

I would like to make a modest suggestion: trade a ridiculously small size and let it work in the market. So - for example, instead of trading ES, trade QM or SPY shares. Have a realistic, attainable profit target and a sensible stop-loss level. You need some validation and positive...

https://www.cmegroup.com/trading/interest-rates/files/ics-ratios-2019-09.pdf https://www.cmegroup.com/trading/interest-rates/intercommodity-spread.html

Eurex and Liffe (Euronext) are actually just slightly more expensive to trade, as they don’t have the various “Seat” structures which are legacy artifacts left over from the CME/CBOT/Comex/NYBT/CME/LME ownership structure.

Not hard to do at all. I used to trade a few hundred thousand Eurex R/T’s per month prop. Especially if you are spread trading intraday.

You slander and grossly misrepresent me. I have posted extensively in the Commodity Futures Forum under the Crude Oil Thread about the protracted and strong (>93%) positive correlation between the broad market equity indices and Crude Oil futures. A strong economy is associated (rightly or...

Inflation in the US has been trending down. June 2019 was 1.65%. Or are you averaging in Venezuela, Sudan, and Yemen ? :D:p

PLEASE tell us which Algos have deeper pockets than the physical trading desks at Saudi Aramco, Sinopec, CNPC, Exxon Mobil, Royal Dutch Shell, Kuwaiti PC, BP, Total, and Lukoil. All the Algo desks in Chicago, Greenwich, Manhattan, London, and Singapore combined wouldn’t have the capital to make...

Trump will NOT fire Powell. But he will troll him mercilessly. It’s clear to the Fed that Draghi and the ECB are using interest rates and stimulus to affect FX rates in order to compete against the US. The ECB already has negative rates and they intend to lower them further. And the Euro...

Relying upon oscillators as a primary trade entry indicator is ruinous. Oscillators are fine if the entry can be reliably confirmed with another indicator or rule set that is not an oscillator. But using oscillators in isolation is just begging for trouble.

Find a way - any way, towards consistency. That should be your primary goal. I would also advise you to study highly correlated markets (positive or negative) to the futures products you are interested in. Look for correlations > 90% over at least a year OTR. Don’t get too obsessed with...

Yes they do, with desk fees and execution haircuts. But on the futures side at least strugglers get rotated out as soon as a fresh prospect with an appealing strategy shows up. It’s all about finding that trader or that group who’s consistent - they will lever the piss out of them. If you are...

Sure - I can think of several prop futures firms in Chicago that do well. Long gone are the days on the futures side where they take newbies and train them - that disappeared about 15 or so years ago. I am not terribly familiar with the equity prop firms, but I do know that the “pay and learn”...

If you’re looking for 6 - 20 tics per trade (which I like, btw) then retail commissions are tolerable. I’m not saying optimum, but tolerable. Paying $5/RT on $75 profit (6 tics ES) is workable with scratches and losses. It’s the scalpers who get eaten alive with retail cost structures. Good...

LOL, of course not - but the *effect* of unintended consequences is quite real. The case of Seattle provides a great example for a counter argument to Stockholio/ Pettis. (Or at the very least a tale of caution). Seattle was the first major city to pass minimum wage legislation four years ago...

Most Economists I’ve read seem to ignore the law of unintended consequences - Pettis included.

Yep - it’s in the Electronic Member Firm charter agreement. They are also not allowed to risk employee trader capital - only the Firm’s Principals can have capital at risk. I’ve done consulting for a few of them. Electronic Member Firms have substantial capital requirements, they are...

:D A hell of a lot more volume than 100 cars per day. Think Jump, Geneva, Peak 6, DRW... prop firms that trade millions of round turns per month. Firms with employees paid on a W-2 according to CME rules for Electronic Members.

You can always get a recommendation from your clearing firm or broker if needs be. That’s the most common avenue and they are usually delighted to help.