*Simulated* Trader P/L 2007

Do you consider slippage and poor/bad order filling?

I played with IB's paper trading platform and notice for market order filling is bad...simply orders dont get filled.

What broker you use and are you using real time and real broker (not one of those virtual trading websites)?
 
I think that Open E cry has the best platform for executing orders. It is simple, easy to navigate and I am happy with it. Did not like IB platform, just could not get comfortable with it.
 
Quote from jimclark:

Do you consider slippage and poor/bad order filling?

I played with IB's paper trading platform and notice for market order filling is bad...simply orders dont get filled.

What broker you use and are you using real time and real broker (not one of those virtual trading websites)?
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I use Ninja with a realtime feed. During fast markets I'll get slippage occasionally on stops, even on 1 contract. I think it's fairly realistic from what I have heard and seen. I won't know how exact things are until I come off sim mode.

JIM
 
Quote from Allen3:

I think JJ's point is that you don't have to pay taxes from you profits until the end of the year as futures are marked to market. So if you make $1500.00 in the first month of the year then proceed to lose $2000.00 you don't pay taxes on any of your winning trades from the first month if they are from futures. If and when your profitable for the full year you will only pay taxes on your profit total for the year. If you are trading one contract for every $5000 capital and you grew your account from 5000 to 10000 by March 1st you move to trading 2 contracts. If you make it to 15000 by July you move to 3. By December you account is worth 18000 you would pay 40% taxes on the 13000 profit. You would then start the process over again with the 12800 that you have left in your account in January trading 2 contracts. At least that my interpretation of how the system works and what JJ is saying. You can work with your profits throughout the year and taxes are taken from the profit you have left. Not all along the way. Hope I got it right Jimmy.




JIM
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Thanks for the clarification.

:D :D :D
 
Quote from Allen3:

I think JJ's point is that you don't have to pay taxes from you profits until the end of the year as futures are marked to market. So if you make $1500.00 in the first month of the year then proceed to lose $2000.00 you don't pay taxes on any of your winning trades from the first month if they are from futures. If and when your profitable for the full year you will only pay taxes on your profit total for the year.

If you are trading one contract for every $5000 capital and you grew your account from 5000 to 10000 by March 1st you move to trading 2 contracts. If you make it to 15000 by July you move to 3. By December you account is worth 18000 you would pay 40% taxes on the 13000 profit. You would then start the process over again with the 12800 that you have left in your account in January trading 2 contracts.

At least that my interpretation of how the system works and what JJ is saying. You can work with your profits throughout the year and taxes are taken from the profit you have left. Not all along the way. Hope I got it right Jimmy.

JIM
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Close enough for this exercise. :D

And this is the only way you're going to get to trading that 100 contracts Saxon22. :)

You're going to have to build up to it, step-by-step.

JJ
 
Day (16) ER Mini
-----------------------

Today/+159.00

Cumulative total after com./ +$1331.25

Only got to look at charts in afternoon, chores in the morning.

JIM
 
I don't understand...you show exiting a long trade today for BDN at 35.19 but my quotes show a high of 35.07

You went long BRE at 68.97 and it didn't touch your exit of 70.39

You went long ENN at 16.25 and claim you exited at 16.67 but it never touched that price either!

Same with EQY...EQR and probably the rest of them.


How do you arrive at that?

Hmmm...looks like you're getting magical fills to me. How come I don't get them?

Yeah, I wish "trading" were that easy!



Quote from aqtrader:

another good day
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