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40yr, Alpha has a great point. Your slippage will be substantial when executing realtime. Combine this with bad ticks and NG is a tough commodity to trade without longterm patience and deep pockets. Regardless of what I say, good luck with the program.

rimshaker, congrats on your success. a few thoughts: 1. have you quantified all self employed expenses? ranging from healthcare to retirement (outside of trading) 2. the lack of social interaction? my advice would be find a new job in the city, even if it requires a pay decrease...

You need to have a credit rating regardless if you are getting an apartment, buying a TV on credit or financing a used car. Go to Discover, they were infamous on my college campus years ago. They will give anyone a card. It may be only a $100 limit, but it is a start. I am assume you have...

***I am not a tax pro, simply posting my 2 cents*** jbingo, It is important to identify if you qualify as a "trader" under IRS code. If you do, then there really is little difference between going sole prop or LLC. However, if you DO NOT qualify as a trader, then an LLC is a better...

Please read all relevant material prior to trading futures. As mentioned, you are trading a contract that can roll to physical delivery...so you need to know how to roll contracts, expiration dates, etc. Another thing to look out for is slippage. You may not have the best fills on CL if you...

I've been using TS since late 2002. I believe the combination of charting, backtesting, and brokerage is great for anyone trading small to moderate size and swing/position trading. I have heard numerous complaints regarding data integrity and order execution. My thoughts: 1. Data Integrity=...

Cramerholic, I'm enjoying the thread! Thanks for putting in the time to track the madman. I view Cramer as nothing but entertainment, but he can definitely give some stocks shortterm momentum. So why not track it the next day? Sounds like a fun experiment. As to those who have said this will...

CPTrader, Thanks for clarifying. Now I'm curious as to how one markets such a fund. Any more insight into an equity/commodity fund would be appreciated.

Aaron, I do not have a source to point to for this statement, that is why I included it was merely my personal opinion and that J should contact both regulating authorities. I am familiar with NFA regulations, and as you mentioned recently, maybe it can be done. In my opinion, it seems the...

If you are in Chicago, you need to go get a job on an exchange. Then go to the library and grab some free books and stay at home on Fri night. Sat night too. Lack of education should only hinder your ability at the front door. Just keep knocking, VERY LOUD! Once you're in, you'll realize...

J, In the US, equity and commodity accounts must be seperate. You could have both accounts with the same FCM, but must be seperate accounts. From a structure perspective, I do not know if you can have both under one fund. The SEC has different guidleines than the CFTC. I do know the CFTC will...

BGB, This sounds like a great opportunity, just make sure you cover your ass. I would suggest hiring legal help familiar with CFTC/NFA guidelines. As always, I would also suggest talking to the NFA directly. They have always been very courteous and knowledgable. #3 regarding charging more...

I would refer to this, then followup with NFA rep if you have any additional questions. http://www.nfa.futures.org/compliance/publications/dd2001/DD2004.pdf#search='CTA%20disclosure%20documents'

I don't know if you are relating this towards equities only, but one can use his/her and family's money track record as a CTA. In the Dis Docs, it must be highlighted that you have not managed OPM outside of Family, but you can use personal/family results in a performance report so long as it...

try www.nasd.com

bullets and gasoline...that's all you'll need when the !@#$ hits the fan

qtip, In your previos Post: Becoming a CTA, etc, I mentioned STC and the focus of the exam. If you have taken a study test from either Dearborn or STC, then you have basically seen the exam. The only difference is the Series 3 will break out Regulations and Market Analysis into 2 seperate...

fitrol, Front half of September was business as usual. My excessive drawdown was captured in the back half of Sep and early Oct, counting today. My system trades the minis (including dow). Never before has the system executed on all four instruments in the same direction on the same day...

fitrol, I just finished reading your profile in Futures mag. Congrats on making the cut. I was entertaining the idea of submitting next year, but after a destructive September, I'm climbing back up the mountain before submitting any performance numbers. I've just experienced my largest...

Acctant, Good summary and analysis. Regardless if you are positive or negative at the end of month, you have the right attitude and are evaluating your mistakes properly. We all have to adjust strategies to fit our personalities, and it seems your latest stride towards profitability is a step...