I'm looking for a prop that offers...

zzzap · May 30, 2006

Quote from nbates:

The only server-side stops I know of are on Nexa Technology's FIX Gateway and that implementation is as an optional 'trailing-stop' delta, however I know of no front-end that has been developed for the server.

Sorry I can't be more helpful, but wanted to try and bring the thread back on topic.

regards,
nb

Thanks nb,
the only frond end I know of supporting server-side stops is Das Trader.

segv · May 30, 2006

Quote from zzzap:

Thanks for the post segv.
Yes, I have a retail account with IB and I'm very happy with them.
Their rates are cheaper than prop shops for my kind of volume.
I'm having account with prop firm as well simply to get more leverage. It's a bit slow to built up small retail account with just 4:1 leverage.

Leverage can be tempting, but it has two very sharp edges. If you really require more than 4:1 leverage intraday to see a significant return, I would speculate that your margins are too thin (edit: no pun intended). That being said, I recommend exploring your alternatives for getting leverage. Equities markets are highly correlated, so you might be able to substitute futures or less expensive equities for your current markets. You might be able to use options if your strategy is not on a hair trigger - after carefully studying their unique risks. Many traders have also obtained seed capital from their close personal friends or relatives, so you might consider starting your own "prop", splitting the returns with your partners. (Many traders have lost their close personal friends and relatives money as well, so keep that in mind).

-segv

zzzap · May 30, 2006

Quote from segv:

Leverage can be tempting, but it has two very sharp edges. If you really require more than 4:1 leverage intraday to see a significant return, I would speculate that your margins are too thin (edit: no pun intended). That being said, I recommend exploring your alternatives for getting leverage. Equities markets are highly correlated, so you might be able to substitute futures or less expensive equities for your current markets. You might be able to use options if your strategy is not on a hair trigger - after carefully studying their unique risks. Many traders have also obtained seed capital from their close personal friends or relatives, so you might consider starting your own "prop", splitting the returns with your partners. (Many traders have lost their close personal friends and relatives money as well, so keep that in mind).

-segv

A bit off topic, but I will post a short reply anyway.
Yes, 4:1 is enough most of the times, but there are x days/month that I could use even 40:1 without risking more than hundred $ or two (unless one of my stocks is halted, but that is already really of topic)

Now back to the original topic please