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yes, waiting to hear from them

ugh, I misread my sheets, nevermind. IB's base rates stayed the same, only CME fees increased (which IB passed on).

Did commissions go up .05 per contract today? I saw CME increased fees but no notice that IB was doing the same.

Texas Society of CPAs sent the below to DC pols. Big for those without trader tax status if they implement https://www.tscpa.org/docs/default-source/comment-letters/federal-tax-policy/2020/tax-changes-necessary-due-to-the-coronavirus-txcpa-letter.pdf?sfvrsn=bcebdfb1_6 Temporarily Increase the...

If you scroll down the page https://www.cmegroup.com/company/membership/individual/cme.html#pricing , there are half a dozen offers for seats to lease $200/month (for the IOM, lowered costs on Emini). Have periodically seen those leases go off at $150/month FYI..

Is $0 commissions for futures even possible? (beyond the Tradovate model where you pay a subscription price per month for unlimited trades) I didn't think they could sell order flow information for futures and thus there are no rebates on the back-end... In any case, they might need start...

Thanks for comments. Yeah, I dont usually come back from the bigger down days so I am going to use a smaller stop-loss (was using the 1k TST limit as my stop-loss but it should be smaller), I get psyched out on large red pnl days and dont often come back fully so that is one change I am making...

targeting 3-7 ticks with stops of 2-5 ticks. I didnt find the fills to be that generous at all (I watched time-and-sales for ES tick-by-tick). From what I saw, the fills would err on the side of caution - since they were not actually sent to exchange there is no way of knowing, but I found...

Forgot attachment, here it is...

I've attached my last combine - was trading it in conjunction with my equities prop account so was not able to devote full time to it (excuses, excuses), but will be starting another in a couple weeks and want to post about it here. Will be trading mostly ES although also now trade NQ as well...

Say someone has an edge, maybe can eke out 50-100 bucks a day trading ES in their PA on 1-2 lots. Maybe 15-30k notional value in the account, but they cant size up because they need to pull a few hundred out to pay bills or cant accept the risk/reward or have any number of other personal reasons...

I've made the "scaling up" argument to myself numerous times to justify taking a crack at the combine, and yes in many ways mathematically it would be better to just trade one's own account if one did in fact have a net positive strategy and the necessary capital. I think there are 2 issues -...

In regards to the concept that the 30k combine is the best due to the lack of weekly loss limit, one question - if there is no time limit to be a junior trader and hit the profit target to move up, why not just size down initially as a junior trader in one of the bigger combines to avoid hitting...

From an email in response to a question about continuous combines going forward... ------------------ we are no longer allowing any accounts to be traded after 20 days. -------------------------- That makes it way harder if you now have to pick the exact right days to trade (versus...

So does this mean that you can take the full 60 days (on a 20-day combine) to make the profit target and get funded? And that going forward after the recently announced change that the continuous will need to be requested? Interesting... From the website: -------------------- If upon the...

Why is it that the only firms that offer .2/1000 with a profit split are in Canada?

If you're scalping NYSE equities there is more going on than just a slow market. Things that are killing profitability: 1. sub-pennying - essentially if you post an order (to provide liquidity) and it gets filled, it means the sub-pennyers dont want it because its a bad fill and you will be...

Hey Don, How much exposure does it take for an all-star equities trader to make (upwards of) $20M these days anyway? Congrats to you both, sounds like a great year. Very impressive. Ace.

http://www.sec.gov/news/press/2004-59.htm "In addition, effective Oct. 1, 2004, or 30 days after the date on which the Commission receives its fiscal year 2005 regular appropriation, whichever date comes later, the Section 31 fee rate applicable to securities transactions on the exchanges and...