A little background before I dive into the topic. I am a discretionary trader who only looks at the ES, ER2, NQ - MD Trader windows on my TT...
Broken? Do you mean it is in a bearish cycle? Or that the index is loosing relevance?
I bought my GEM seat at the beginning of April. It was the best thing I could have done.
no the total is a total!! the excel spreadsheet I use to breakdown the day shows me what my average size is. so i make between 30-150 trades...
around 8 contracts per trade --- sometimes more sometimes less
I disagree. It does come down to commissions for any trader averaging more than 50 contracts a day. Lets take a trader averaging 100 contracts...
My accountants clients are primarily traders. He understands the business. He was an options trader before he did taxes for traders....
The following comments are in regards to discretionary trading. The examples are based on futures trading using Trading Technologies as the front...
What is the rate for self employment tax?
The S&P pit has no relevance anymore. All the business is in the Emini.
He has a Doc from University of Chicago. I do not. He has millions. I do not. He has a big vocabulary. I do not. He still is a gun...
I give my info to my tax guy at the end of the year. The only thing I know about taxes is that the more taxes I have to pay the more money I have...
No you do not have to incorporate. I think the application fees run between 1000-1500. The clearing firm you decide to trade thru will help you...
http://www.advantagefutures.com/ The speadsheet shows the monthly expenses for a leasee. Look at the bottom left side of spreadsheet. It...
What do you think your average volume per day will be? If it will be above 50 sides(25 round turns) you would be adviced to lease a seat at the...
Best advice is to not trade. If your week has already been good sit today out!
I have noticed over the years that a majority of the traders on this board pay retail commissions. I have attached a spreadsheet that clearly...
http://www.cme.com/clearing/clr/fees/lessememp1870.html Index Products N/A round turn($0.92) clearing fee($0.21) globex fee($0.25)...
Explain this! I think your info is false.
Separate names with a comma.