Who here trades "retail" full time

Wow, I guess Im not the only one who depends solely on trading to live. I asked that question because I havn't met many people who have the balls to do it, its kinda refreshing to know Im not alone. Also I wonder if that extra pressure of being the sole provider for my family(and the risky way of doing it) hinders my ability to perform. Anyway, thanks for the posts.
 
Things to consider for investing time in strategies/products

1) Scaleable.
2) Product that trades in every time zone.
3) Sattelite and ageing latency don't affect strategy.
4) Spending time away from the screens is viable.
5) Non labour intensive e.g use auto stock scans or indx futures.

All above related to mobility, quality of life and building on/maximising financial, time and other resources.

Maybe also a strategy that can withstand 9/11 type shock as that is the biggest risk as you are probably exposing a significant proportion of your net worth. Buying cash equities as they come off an all time low fits that criteria, 200:1 leveraged FX probably does not.
 
trading YM, full time retail. profitable but the income isn't that big yet. my method is good but i have a slow brain and make a lot of mistakes. we'll see what happens. no wife no kids and a lot of good times :cool:
 
So far, it sounds as if everyone uses Interactive Brokers as their primary (as I do). Does anyone use someone other than IB? I really want to make sure I (we) aren't missing a better option either for primary or backup accounts.




Quote from stkcowboy:

Moved to FL in 1989 and have traded retail full time since then, and the advent of practical internet/computers/data etc. Basically have always traded big cap Nasdaq stocks intraday and overnight. Plenty of action, only your lack of imagination limits potential. Specialize, hit singles daily, and wait for the homerun setup usually 1-2 /wk. Used Brownco/esignal combo forever, fast, safe, reputable---$5 per side up to 5000 shs. Never needed level 2, what a joke!! Actually been trading since 1970, using the brokers translux ticker and telephone(LOL--those were the days). No one should bitch, it's so easy to trade now and so cheap.

The grass is always greener as they say. Stop looking for action, it's right there every day. Take responsibility and learn how to trade your vehicle correctly. I've had freedom, independence, and a great life because of trading. It's just you and the screen, keep your ego out of it, only you can spend your money and you sure can't spend theirs, so who cares what they trade or how much they make.

Travel, enjoy life, and try to reduce the time in front of screen. Your effort should maximize results or you will just be spinning your wheels and wasting a good life. Remember trading is just something you do, you are what counts. Don't leave your dreams behind, or it's goodbye time.
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JZ-

I don't know about you, but fear seems to be a pretty powerful motivator for me. No wife or kids here, but will have a mortgage soon. Bills aside, I think it would equal ultimate pain in my life to ever have a boss again and lose the freedoms I enjoy now. Knowing this makes it a bit easier to maintain discipline and work hard....which I think makes me a much better trader than if I had never had a**hole bosses/coworkers in my life.




Quote from jztrading:

Wow, I guess Im not the only one who depends solely on trading to live. I asked that question because I havn't met many people who have the balls to do it, its kinda refreshing to know Im not alone. Also I wonder if that extra pressure of being the sole provider for my family(and the risky way of doing it) hinders my ability to perform. Anyway, thanks for the posts.
More...
 
Quote from StLouisTrader:

So far, it sounds as if everyone uses Interactive Brokers as their primary (as I do). Does anyone use someone other than IB? I really want to make sure I (we) aren't missing a better option either for primary or backup accounts.
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I'm in the process of moving my primary account to MBTrading. I have never held an account with IB.

- Spydertrader
 
Quote from StLouisTrader:

So far, it sounds as if everyone uses Interactive Brokers as their primary (as I do). Does anyone use someone other than IB? I really want to make sure I (we) aren't missing a better option either for primary or backup accounts.
More...

For pit traded options, which don't have elec liquidity on IB, I use Xpresstrade, at $24 option trade which I think is outrageous. And the spreads are insane.

I asked in another thread about this outfit, but didn't get any results.

Cheers !
 
Hey

I found transact futures recently, they seem to be a pretty good deal, I was quoted 1.84$/RT all in for US Fixed income futures, and their front end, which seems great, is free after a small # of RT's per month. I may go with them. I have heard of remote traders paying around 1.30$/RT for US bonds/notes, so I am looking into that.

Does anyone have experience trading with transact, or does anyone pay less than 1.84/RT for bonds/notes?

Also, for futures traders who trade from home, care to share what is working for you?

Thank you
 
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