Don, I'm also interested in remote overseas proping but, I exclusively trade es in which scalping I pick up avg 4 to 8 trades a day n 1 to 3 ticks per trade. I'm trading 10 lots n like to go to 100 lots progressively after demonstrating proficiency. Now can you be more clear as to when you say equity trading turns out to be more effective in what way? If I wanted to switch to equity, which instrument/ETF/stock would give the closes momentum and return in comparence to ES? and, could you please comapre the tranaction cost of ES Vs, equity, as well as the leverage? thanks Cy
Ancient Chinese sekrit, eh?! Is this the hush-hush pairs trading I've heard so little about? Actually... I believe Bright's edge to be in their hacking of the European TELEX feeds!!
We trade primarily equities. A part of tape-reading for entry/exit is where and how the e's are trading these day. We can easily see short term direction with big cap stocks. Of course there are many factors to the "all encompasing" tape reading. Trading e's, paying 10-20 times in commissions over what the people on the CME pay, is pretty tough to beat. All the best, Don
Don, Can you explain the comm part again? I pay about $4 round trip for e's, what would I be paying for the equivelant in equities that 1 tick of which would be worth $12.50 and, which instrument would that be? Also the DT margine for e's are $500, again what would that be for the equivelant trading with props? thanks Cy
My point is that the CME firms pay about .92 cents round term or $50 maximum per day...hard to compete with. Don
That's good to know, thanks but, could you answer the rest of my questions above also please? as far as comparing equities to futures etc. in their margins leverage and comms and how can a prop firm help the trader in the above aspects? Obviously I'm interested in more capital since I'm pretty sucessful with es(like 1% per day avg. n less than a couple of losing days per month) and, am trying to find out what the props firms could offer someone like myself in equities that I could not find in futures. thanks Cy p.s. the CME firms you have mentioned above, that's their exchange fees but does not include their clearing fees right? p.s.s. also, are there prop firms doing futures who would be CME firms and as such their traders would benefit the lower fees? sorry for so many questions..
Very little "leverage" with e's. Approx $3500 carrying per contract. Yes, you may want to contact one of the CME firms (search, there are several).... Don
Sorry, don't intend to seem argumentive just trying to educate myself.......isn't 1 es contract worth about $64,000 at 1280? then wouldn't that be at $500 day marging like 128 times leverage? What would the similar scenario be in equities? how much leverage does 1 get trading a $20 stock(trading on his own with his own capital Vs, trading for a reputable prop firm like Bright)?