The Real Cost of being a Proprietary Equity Trader

Quote from artis74:

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-Data feed being charged full when it is split 4-5 ways (10k per annum...
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I believe that exchange rules require each person to pay, regardless of how many can share the network connection.

In fact, I think the letter of the law is that you can't even write a program and distribute the data to yourself on other machines on the network!

nitro
 
Not true when the data feed is from CQG, Esignal ect.. Just split the feed at the PC level and there is no way to know how many are using it.
 
have the main feed go into a common pc and then split the feed coming out of the pc to multiple screens. very easy to do, CQG help desk can walk you through it.
 
Quote from artis74:

Not true when the data feed is from CQG, Esignal ect.. Just split the feed at the PC level and there is no way to know how many are using it.
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And.....some people steal cable, cars, and cheat on their taxes...come on...you don't adovocate all that do you?

Find the best way to cut costs legally and fairly, you'll find your luck and skills improve greatly.

Don
 
Quote from r-in:

How do you split the feed? Whenever I did I would get bounced off the other.
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You're right, I think the major data vendors probably have thought about "cable splitting" and have safeguards...if they didn't, I would worry about their level of competence, LOL...

Don
 
Quote from artis74:

Not true when the data feed is from CQG, Esignal ect.. Just split the feed at the PC level and there is no way to know how many are using it.
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Read what I posted more carefully

nitro
 
Quote from SDLI13:

Steve is correct, I mean an average. $2000 on 100000 shares gives you a 2 cent average, but you dont want to get there by trading for pennies. You can work out whats a good risk reward for you, but I usually like to only lose 5-15 cents and try and make over 45 cents. And the number of shares I'm trading should tell you that I am getting in an out and minimizing risk and taking profits.

Once again, I have been in the prop business from average commissions of 2 cents to where they are now around .004. As a trader that works for a firm, they provide everything, software, analytics, news, sqawk, no desk fee. So the only expense I have is a per share rate as I mentioned. Does anyone reccomend any solid firms with a great system that I can get commissions under a similiar setup for under .003?
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If the average is 2 cents, then your number of winning trades to lossing trades ratio is very small. Am I right?

I would think a momentum trading style ( I assume you r using based on your messages ) usually gives a # of win/loss trade ratio above 50%.
 
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