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What's the R^2 on that correlation? Thanks

Couldn't agree more Lundy. Everyday, I continue to be amazed by the market. For now, I feel more comofortable from the long side than the short.

I think 1100 is definitely possible. Hoping for 1150! I thought it would never get this far. But given the NAZ close above 1900 today, I think this market has a lot more steam left in it. Best of luck.

If they did sell in the mini, it was obviously done to spook the market lower. Think about it, if they wanted to sell a large position, they could have worked it slowly. But they didn't. They chose to dump it on the market, on the most illiquid of markets, the mini screen. The pit could have...

Which prop houses are those?

Actually, contracts settle at $10. So if it's being offered at 4, you could double your money and then some. If it's being offered at .40, then you could make 25 x your money. Hope this helps.

You bet. The volatility there was amazing. Jumping around 10-30 cents in a second. Some good trends as well.

Maybe. But aren't they going to charge 200-300 a month in fees? And are they really going to give a newbie 10 to 1 leverage while someone trades from home?

The problem with eminis for the new person is leverage and spread. Assuming a newbie is going to try futures, assume they pay the spread each way. That's 25 dollars lost right there. 4.80 commission. Newbies done 30 already. That'a a pretty step learnign curve to overcome. I think a newbie...

Lets assume each account is 3000. With margin, you can buy close to 6000 dollars on each trade. Assuming that a stock costs around 20, that's 300 shares, 30x more than 10. If you can get 10 cents a trade, (not a scalp) you'd be looking at 90 gross per day, not bad for someone starting out...

Here is a scenario I thought of. I am not claiming to be the first to think of this, only that I haven't heard of this elsewhere. PDT is enforced individually at each brokerage. Within any 5 day period, you can only make 3 round trip day trades without being shut down as a day trader, if...

Hey ET, According to PDT rules, you are only allowed to have 3 round trip day trades in a 5 day period. I believe this is PER ACCOUNT and is kept track of individually by each brokerage. My "solution" would be to CREATE MULTIPLE ACCOUNTS AT DIFFERENT BROKERAGES. If you have 10,000 in one...

Do they have intraday, real time MA's? What can I expect to pay for this at q-chart or any other service. For now, all I want is a basic package of real time, streaming MA's. Thanks in advance.

Hi ET, Can someone PM me with some good real time charting. I'm really only looking for basic real time MA's and EMA's. I'm new to trading so I'd like your opinions. I've heard of Esignal but never used them. futuretrade

Really, Pascal? That's interesting because I have some intermediate experience with pascal but a few years back.

hello, let me start off by saying that i'm new to the idea of programming a trading strategy. i was wondering how many people out there have their entire trading strategy "automated", that is your computer program automatically buys/sells when certain parameters are met. I'm sure wall street...

Hello ET, I've been to the Geneva Trading website and read the posts about Geneva on ET. So far, I believe it is a very legitimate and credible firm. Which is why I am posting a few more for ET. I was wondering how good of traders does Geneva put out? Would you knowingly take the other...

be a trader have a gravestone as big as the cemetary itself my 2 cents

That's assuming that you have 100 K in the bank to pay for college. College wasn't a waste of time for me. I went a well respected public school, made my connections, and it only cost me 40k. One of my teachers was a former 1,000,000 Wall St. trader that was very helpful. Just to prove that...

bump