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I am sorry you feel stuck. There are a few things that you probably already know, but I'll remind you of them... Following the system of someone else has some advantages. The main one being that it (hopefully) has been well tested. Such provides confidence to the new trader. Systems...

Let's compare two scenarios... Scenario A: A guy puts $1000 in an "account" that guarantees 10% returns. At the end of the month, he gets a check. He likes checks, so he puts another $1000 in and tells his friends about how smart he is and how they can get smart too. When all the money is...

It is unfortunate to hear of the news. Assent is one of the few places in Atlanta to go prop. Best wishes to all the Assent traders. I don't doubt they'll land on their feet. I have been perfecting my equity trading for a while, and have begun talking to a few people around town about going...

Thanks for the info. I now have an account with Lightspeed and IB. This is what I've found. Again, your mileage may vary. I'm finding faster, less resource-intensive software with Lightspeed. Execution times seem comparable. An NYSE TICK chart updates much more often on IB...

Can you explain, please? I'm assuming they have dedicated hardware to handle SSL encryption. Are you saying that is what failed?

I am in agreement with tomdavis on this one. I have gone the "self-taught" route. The act of trading is not hard. Trading well is hard. Teaching well is extremely difficult. I know this as fact (former flight school owner). To teach a subject in a high-stress environment ups the ante...

I have my questions answered... Yes, Lightspeed has issues at fast times. The demo platform I am testing complained of not being able to connect around 3:30 today. The room I am in had others that are live complaining that this happens at fast times (i.e. fed days). Response times and...

The fees can be confusing, as they don't separate them well on their website. Bundled pricing is the easiest to describe. If you sign up for bundled pricing, you're going to pay $0.005/share with a $1 minimum for US equities. 100 shares costs $1 (the minimum) 200 shares costs $1...

Equities/Index Futures in Roswell/Buckhead

I have been trading retail for a number of years. I seem to be doing well with tape reading and scalping. Commissions are low (0.005/share). I don't mind the slow learning curve so far, but would like to speed the process if possible. I am considering going prop, but have yet to start poking...

I have been thinking of this off and on for about 2 years. The sticky point is how to effectively link "transactions" to trades. You have your dump of data from your broker. Now you have to link everything up. I've been attempting to think through this and have come up with a few solutions...

Easy Read: Pass the 7 http://books.google.com/books?id=X5YTSVIjXa8C&dq=pass+the+7&printsec=frontcover&source=bn&hl=en&ei=kdZUSor_IOGJtgfvx9WbCA&sa=X&oi=book_result&ct=result&resnum=6

While I haven't been in this particular business, I thought I'd still add my thoughts from experience in similar lines of business. Your biggest expense will be your people. The bad ones blame you and leave. The good ones get good and leave. Expect high turnover. Consider a non-compete...

Use Log4Net and their SQL database appender. Then you can use SQL to get the info you need. Just a suggestion.

I quit smoking before my trading career. It was hard then, but I did it. I feel for you. I'm in the group that still thinks about it now and again (been about 6 years). I don't wish that habit on anyone. Because I want to be the best trader ever (hey, someone has to be the best, why not me?)...

Wow. Feel better? While I disagree on some of your points, I have to say your post is well written.

"Peircing the corporate veil" is easy for someone determined to get a chunk of money from you. If you have assets (no matter where they are), and you do something stupid, you can expect to be sued. Expect them to take stuff that belongs to you, including what you tried to hide. LLCs and...

TradingRM specializes in penny options. So they may be a lead for you to follow up on. They may understand your strategy better than some. Or they may know of someone else that will work with you. Hope this helps, -jmjatlanta

An umbrella insurance policy is a good place to start, but won't cover everything. Wrapping stuff in an LLC or corporation will not protect you, if you're the only one in it. The basics are: 1) Have insurance 2) Be careful 3) Get a good team of professionals, and attempt to understand...

I am with a retail broker, and they charge $85 for Level II type data. ArcaBook $10 NYSE OpenBook $60 NASDAQ TotalView $15