Just another person chiming in stating it all depends on whether you have to live on it. Almost any amount is doable if you don't need to dip in...
of my trading is pattern based. I have been at this full time, more or less, for 15 years, and have only been really consistent for the past...
I think this was directed at me. I usually trade ES, and in this market I aim for 3 to 4 points, with a 1.5 point stop, usually. It all depends on...
I had this problem for a couple years! Still do occaisionally. I prefer to trade for targets, and then let half the position ride when the...
I'm from the same era. In fact, I still listen to 80's music. I'm stuck there. Jay
Took me years to make consistent money. Hang in there after you raise some more cash. I would definitely recommend a mentor, or even go to a prop...
I used to work with one every day. I thought I was leading edge with that thing.
That's a term I haven't heard for awhile. Jay
If you are buying the bid, and selling the ask, then how could you know how long the delay is? You are put in line when you do this. Try buying...
My mom's broker, at ML, completely manages the account with discretionary power. He does a lot of work. She has been using the guy 20+ years, and...
Its per year, just like any financial planner who actively manages an account would charge. No commissions as stated above. Brokers can make...
Most brokers are shifting over to a fee based on assets. Merril's 1.5% sounds about right as that's what my mom pays the same company. Jay
Are you guys still using ...Track Data? (I think that's what it was anyway). I was in the SF office late 90's and found the tech analysis software...
Yeah, I guess that wouldn't make any sense. Haven't even looked at the big contract since before Globex, and never thought that they'd just...
Yep, that's it I think.
Not sure Globex even transmits more than 5 levels.
Big contract just trades in the pits during regular hours. Jay
That's how I trade also. Made HUGE difference once I started waiting for targets to be hit. My average trade went from 2 minutes to 10 minutes,...
Pretty much answers my question. Jay
From what I've read, its first come first serve. It is possible that a few hundred more cts entered in front of me in the second it takes to...
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