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The issue is not selecting SMART as the Contract destination. The issue is not being able to subselect which routing strategy under the SMART destination.

I would be interested to hear the good/bad and why/why not of IB offering SMART routing strategy selection in their API. Right now if you send a manual order, you can select from 9 strategies for non marketable stock orders such as MaxFill, MaxRebate, VLowFee, Primary etc. When you sent a non...

Jesus, how do you find my posts so quickly? Everyone says they are open to other fields, but the second someone mentions a trading job a prop place hes already in contact with them. He did not mention being in contact with anyone else regarding non financial jobs so I think its quite obvious...

Just read this thread back Steve and I think it will help a lot. Working on an algo for 4 years? Want an execution or trading related job that pays well in NYC? Someone gives you a lead on a prop firm that might be making money with a specific strategy and you want to apply there? Honestly just...

This thread made my day thank you. As more and more people leave trading, I love reading their stories of trying to re adjust to real life. One common thread seems to exist: they cant.

People still try and be manual prop traders from scratch? huh.....

Sometimes. In my experience you just have to know which days to participate. If it looks right, go for it, if not, better to just take a 0 than be disappointed with the computers getting the best of you. Good luck to you!

Everyone you are talking about in the above post is all still trading actively and daily. The difference I think is gimmicks, tricks, and getting filled dont exist anymore. Being right is still right, but I do not know anyone who makes a living trading volume on low priced stocks any more. Im...

Great story!

There are always ways to make money, but the mkt doesnt conform to you, as you probably already know!

I havent been doing that much volume lately. Probably only 1 mill a month. I also do not have much in the way of programming skills. This is why I actually considered more trading at IB in the first place. As a prop trader on split, I dont need .0002 and split a %age vs paying .002-.005 and...

I did do a search but there are some crap suggestions out there. With Sterling jacking rates I am considering doing more trading in IB, but I want a front end that looks 'normal' to me. Left right level 2's instead of up/down. I can put in an esignal TAS into a layout so im not overly...

Depending on where you live Border Gold might be a good option. Its Vancouver based, started by Michael Levy, the prominent broadcaster/speaker. http://www.bordergold.com/

I actually just ran some stats lately to quantify the gains/losses I take based on definable strategy vs "trading", and it was very disgusting. I knew it was bad, but seeing it on paper was pretty compelling. It is more profitable for me to literally take 5+ hours a day away from trading. I get...

-500 a day is very realistic

I only know of GTU and CGL that hold physical but you cant convert for delivery. If you are looking for delivery there are a lot of companies around that seem to charge around 2-3% prem...

This has been discussed a trillion times. Cliff notes are: People dont like the owner and the legal set up. They have been proven to scalp a bit on fees in the back office. Overall everyone gets paid and its basically the best deal out there.

I believe the key is exercise and fresh air. Next would be doing work and/or having non trading goals to work towards. As money is the only thing you get out of trading, its important to still be working towards other things that give you joy and pride.

These days 95% zero or losing. 4% making a living, 1% doing well.

Regardless he doesnt care about HFT. Which is the point of the article. To make us think there is growing pressure.