Search results

Does anyone know if they are still in business? Someone told me they are collapsing in the 2008 crash, but that was a few weeks ago.

Firms likely won't talk to you if you even mention it. Overnight trading tends to scare them away. Institutional trading, that's another story - there you would find people with similar goals... why don't you try that route.

I agree - there's a big difference from what people hear then what their monthly statements would reveal. Plus, the biggest money in futures is typically in overnight trading. Beefy positions, holding for days, weeks, months.

I agree with you here. You can guarantee that the firm, once they detect you are a consistent and profitable trader, will try to reverse engineer your methods...to try and duplicate it to make more money. However, if they would actually be successful at this, that's another reality. Unless...

YES, this is major factor and advantage. The slippage can be very small to none in futures. There's so much money on the line and it's so much easier with just single contracts. My orders are always filled instantly.

I disagree - the risk is not the same. There are many futures contracts out there and they are all different in terms of leverage and contract value. Some markets have limits, and a strong move can activate this limit very quickly. The mini contracts, OK I agree with just 1 contract you...

This is the wrong forum to be asking this question. 1. Most of the people who read this form are prop traders so of course they will be biased. 2. Most of the people are stock traders and have little to no experience in the futures market....or they could never make money in the futures...

I did prop for a number of years and still do to some extent, and can tell you that alot of that fluff talk may have sort of worked years ago, but times have changed big time. It's all nonsense talk anyways...then and and now. The fact is, prop firms generally aren't making money like they...

Trading at a prop firm doesn't give you an edge...it's the trader who either has it or doesn't. If that was the case, there would be WAY more successful lasting traders in these shops, and generally they don't have this. In fact from what I hear, alot of the stock shops can't retain as much as...

The key is, this is buying power not capital - there's a big difference. I think what you meant to say is that the trader has access to more leverage than retail. His own capital never changed (unless obviously he's making money down the road and growing the account over time), but the firm...

True - I agree with some of these benefits, but at the end of the day it's the trader who makes or breaks it. There are a multitude of strategies and no cook book formula exists. Some things work for some, some things don't work for some. If you can make money, you can make money...that's...

Successful traders may prefer prop over retail, or retail over prop. There are successful traders on both sides and one is not better than the other. There's a trade off on both sides. Making the transition from one to the other after doing one for years may or may not work.

I remember some guys on here saying the credit trading done by a number of prop traders may come to an end, and end to the strategy. Does anyone know why exactly this may happen? To recap - this refers to the credit and debit to the trader from the ECN per number of lots. Or am I out of...

The move is already done, but you'll have to pay a separate data fee for YM. Maybe in 1 yrs time they will revise the cost, but I bet you not, since they can make more money by charging a separate fee, even though CBOT & CME is 'one exchange' now. If anything you can expect ALL fees for CME...

Has anyone investigated a good replacement for ER2, once it moves onto ICE, if I were to stay on Globex? I've been reading about the S&P600.

OK guys, let's kill this thread - enough about the silly video games. Better for your trading would be to go out and get laid, and stop gluing your eyes to your monitor even more after work. At a certain point in time, you'll grow up and drop the video games - it's fact of life. You have...

I agree - this could be THE BIGGEST opportunity of our lifetime. I feel blessed that we are living through this AND we are in the market.

These are all valid points and opinions, and it may be applicable to a video gamer himself who trades...anything to boost ones own courage, but this game is far older than video games. More of a self fulfilling prophecy I think - to justify some winnings....or taking losses quick...something to...

Well, these must be kids working at swift trade who don't have much to lose. When you grow up and have to make a living, you'll find that real money on the line makes a difference, especially if you are trading on your own, and it's your capital on the line. I think right here describes the...

Maybe it is a video game for kids, but i'm not a kid, and most of the people at swift are kids. I just stopped playing games after Doom & Quake 1.....but I guess I did grow up playing video games, but still, in my opinion the capital markets have nothing to do with video games, and that...