I think the clearing firm is more important. I'm considering MB Trading as back up broker, but I don't trust Penson as the clearing firm. Just...
There is no way IBKR would buy TRAD for $250 million just for nicer charting/software. For a small fraction of that price they could buy lots of...
Thanks for the link. I didn't know Taleb has a new book coming out: "The Bed of Procrustes: Philosophical and Practical Aphorisms." I just pre...
The CL report must have released at 10:30 cause NG didn't move at all and CL volume exploded. This the first time I've seen an reporting error...
I think James is 100% correct. A daytrader is just a discretionary market maker and HFTs are automated market makers. Buy and hold...
I'm sure that 99% of IB customers would dump IB in a heartbeat if it weren't for Quotetracker, Ninjatrader, and many other great software vendors...
Discipline = Habit You can build it step by step, take baby steps and experience the power of incremental progress. "Inch by inch life's a...
+10,000 this week
No addressed to me but today was my worst day in a very long time in terms of discipline. I had a streak of 9 losing trades in a row. Then I...
It makes no sense to start a CTA/CPO fund if you have less than the registration minimum of 16 clients and less than the minimum $25 million in...
That's actually another bug in IB's system (btw I'm using TWS 905 and won't upgrade until they bring back single click order entry in booktrader)....
+7200 this week
Last night around 9 pm, I logged onto TWS and I saw that I was short 2 CL even though I ended the day flat at noon. TWS and booktrader showed the...
I have an adviser account. You can prevent your clients from trading. But you can't prevent them from logging onto TWS and taking a look at...
Its not the strategy that is the problem, its the mentality. The mentality behind averaging down is increasing risk as losses increase because a...
Yes Risk is the only reality in trading, everything else is an illusion.
No such thing as edge. Risk is the only reality in the markets. You job as a trader is to minimize/limit/avoid/contain risk from every angle.
I find OVX unhelpful as an index and no longer track it. I now record the ATR for each day and that helps in reading the volitility of the...
concentration = focus = meditation = boredom ^^ all are the same, all are boring Good trading is extremely boring There are two kinds of...
I don't remember the exact saying but it goes something like this: "Traders that focus on how much they can make, lose money. And traders that...
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