Obviously, it is Don who seems to have misspoken or he would have responded by now. Let's face it, what he said makes no sense whatsoever and I would like to hear him say that.
Don, are you saying that a mm might post a bid or offer and that I, as a trader, can't hit that even if I use supermontage? I have never had this happen to me and I just can't conceive this.
toonces, you are 100 percent correct. how come nobody has come out and stated what happened. this is unreal.
also, i have heard rumors that etg is in trouble. are these rumors true?
why are you so "upset" by this move? nobody was saying anything when the stock rallied oh, what 400% over nine months. come on now, the run was simply too much too soon.
chiguy has it completely correct. I was going to write more, but he pretty much nailed it. One must understand that these "hybrid" shops are a joke. In fact, there is a good chance that the sec/nasd is going to ban them altogether in the near future.
The short to the question asked is...
I think you need to look hard at the actual facts of your trading. How many profitable trades v. losers? Winning days/weeks/month/ v. losing ones? I don't want to know your actual numbers, but you must be honest w/ yourself and decide if this is a trading forum in which you can succeed.
It...
What a garbage firm! I was actually looking in to having one of my accounts, but not being able to short qqq, klac, etc ---- are you kidding me?
Absolute garbage!!! They should be ashamed.
True prop trading means putting up zero capital on your part. Look for a firm that is willing to make the committment to you by teaching and training you since it is their money at risk.
The problem is the number of firms willing to do this is significantly less due to the difficult trading...
Watch the chart on NVR is becomes somewhat obvious which way it will move--the only problem is the specialist screws you on any fill and they will trade right around you or penny you.
Also, TOL and MTH can be added the list.
If you want to make any type of big money with pairs trading you must be willing to be in positions for an extended period of time. Don't be scared of "overnights"; there is absolutely nothing wrong with them. Either your "pair"/"system" works or it does not.
JustDave, the simply answer is that the five minis are executed electronically while the one big contract is not. When you start to trade them you will have way less slippage, not to mention quicker execution, by using the minis.