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By now at least 100k+ traders must have tried out for Topstep and many similar firms. Yet strangely no stories about guys making 1mill or 10mill a year. Just by chance surely there must be 1 guy out there. Perhaps top talent gets picked off by hedge funds? But this is speculation as there...

i trade + have hired 2 traders so need to deduct salaries/expenses would like to hire a lot more and trade as many markets as possible fees not that bad if doing heavy volume which we hopefully will grow into and it won't be a big deal stocks have a lot less data fees and commissions cheaper but...

are you classified non-pro or pro at IB? if non-pro you should be fine. if pro then are you getting charged a non display fee? Non-Display License Fees/month CME CBOT NYMEX COMEX DME Category A: Automated Trading Systems* $670 $670 $670 $670 $670 Category A: User Non Display**...

Some brokers require data subscription to trade. For example Tradestation, Tradovate. I think IB doesn't require (but they warn you before each time you submit order). So if I submit order via API then I get hit with non-display fee which is even more than market data fees. Its great to...

I guess I need to hire a programmer to create a way to submit orders via API and use separate data/charting platform.

Here is sample of fees: CME: 125 CBOT: 125 Nymex: 125 Nasdaq: 112 Comex: 131 NYSE: 46 Not included: CBOE, OTC, ARCA, ICE, etc. Not fully 1k but almost there, and definitely more than 20x non-pro fees.

As a non-pro you can get access to nearly all market day for like $20/month. As a pro you are forced to pay like $1,000+/month for the same data. And this is per username. So same trader has to pay 3,000/month if using 3 brokers. I think this is a rip-off pushed by exchange monopolies...

I already tried this is 2019 and 2020 and it will not work. Reasons: 1 IB is wrong broker (for futures, stocks/options ok). 2 Need automated risk management. 3 No trader can trade successfully on his own (as part of a team, yes). 4 Traders need lots of training from experienced mentor. 5 Data...

Is there a symbol for real-time index data/charts to trade off of?

How do you size a pair? For example, here are notional estimates: 1 MNQ = 30,000 Notional 1 M2K = 11,000 Notional 1 MES = 20,000 Notional But volatility of each contract is also different. So should you sell 3 M2K for each 1 MNQ bought? And sell 3 MES for every 2 MNQ bought?

Do any other futures brokers currently offer membership plans for commission free trading?

Crypto has totally changed the game. There is so much innovation in Fintech. Really the best time to be a trader.

Can someone explain the "market maker fee." I know it only applies to designated market makers but seems strange. What benefit do the MMs get to pay such a fee?

I predict volume within 2 years: 1 Micro Bloomberg US Large Cap Index Futures > ES 2 Micro Super Tech Index Futures > NQ 3 More Indexes added along with Options

Check out their fees: incredibly low. Like I said: total game changer.

I'm really looking forward to this. It is a total game changer. I understand the need for clearing fees and commissions but for CME to charge $125/month data fees for "pro" traders is ridiculous. And that is just for ES/NQ. Add $125/month for YM. Add $125/month for CL. So that's...

Here is the shift that has happened: 1 Exchanges have transition from just collecting exchange fees to collecting exchange fees and very large data fees. (big cost increase for traders) 2 Brokers have transitioned from running a simple commission collecting business to a business that relies...

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Yes because many brokers don't even allow execution on their platform without data connection. If you execute via API then that is different but you have to build the software to do that.

Blowups are really inevitable unless you: 1 Keep a lot of your cash in illiquid assets like real estate. 2 Speculate with only 15% of your net worth. Futures brokers give away free money with $500 margins. Similar leverage in options available. 3 Use a broker like Tradovate that allows you...