I don't know which study this 90% number comes from. I see a lot of confusion around the difference between a 'prop trading company' and a...
I'm glad you enjoyed my post. My original intention was to put some thoughts down for my kids to read when they get older so they can get a taste...
Was looking through the TVIX prospectus today because of the whole stop issuing new shares thing. "The long term expected value of TVIX is 0."...
@rationalize, @intradaybill Rationalize does have a point. Low fee, high frequency trading companies run almost entirely mean or model...
First you open a personal account with a real broker and then after showing a track record of a year or two you can open an LLC account and...
Manual traders for the most part at extremes expect mean reversion and are surprised when it doesn't happen. At extreme moves you can sometimes...
There is a special place where clearing companies put 'less retail' clients. It's called PTG (Professional Traders Group). Apart from that, in...
You said you were a FA. Maybe in your world that means Financial Advisor, but in the investment banking world it means Financial Analyst. Here...
There's no path from a Financial Analyst to Trader. If you live on the east cost then an MBA can get you a trading job. Probably not a...
75% manual, 25% auto
Yes. That's what my manual trading style boils down too. It's as boring as sin. Our auto trading is completely different though. Several...
Any kind. Good point. Strict treasury futures vs cash bonds is highly specialized and requires writing direct to globex, brokertec, espeed and...
I actually think you've summed it up quite well. Surprising really. Last year I paid out between 200-400k per person. Split between base...
Never tried manually trading stocks. I don't like the way they are taxed. I only use them for the long term/short term tax differences....
Trading is not like investing so you shouldn't really measure your progress in terms of % return. It's generally not applicable. 30% on 100K...
Yeah. I don't think it's IB's fault either. I had to fill out a big packet of paperwork from Brazil (in triplicate) that had lots of stamps and...
I don't know. Soliciting money and running a bunch of small accounts has never been something I've been interested in doing. There's a guy a few...
I don't want to give the exact number but when adding up IB clearing and execution fees my commission has dropped by 85%. Exchange fees (by...
That's right. This method of manual trading I presented purposefully has nothing to do with math. That's why I said math is not required to be...
Yeah, this is something that should take place between you, your clearing firm and the CME. Basically, you explain your scenario to your...
Separate names with a comma.