I say the fewer middlemen, the better. With an ECN, you have 3 parties: 1) buyer 2) seller 3) ECN collecting a small fee. On the NYSE you have 4...
Most of the time, that's correct. But not always. Example, I placed an order on the NYSE to buy 10,000 IBM at $125.30. I get a partial fill on...
Correct me if I'm wrong but NYSE still does not have a strict price, time priority for orders. The NYSE's main rule is to keep a "fair and...
Wiesman, Which futures broker are you using? Do you like them? How much do you pay in total all-in for a round turn in the YM? Is there...
Since the money in the savings account is not tied up, if short term interest rates rise and he can get a better rate elsewhere, he can just move...
3.5% sounds like a good rate, where are you getting that rate? I'm only getting 2.61% as of June 4th in my money market mutual fund, FSLXX.
Some brokers will place a limit on the maximum size of your limit order. Ask them if you have a restriction and if so, can they raise it. I like a...
No other clearing firm wants to take the whole lot of clients that NACI cleared for. I guess that tells you something, see updates by the receiver...
"This decline accelerated further when North American lost more than $7 million in connection with customer transactions in a penny stock...
http://www.sec.gov/litigation/litreleases/2008/lr20602.htm http://www.sec.gov/litigation/complaints/2008/comp20602.pdf
http://www.nymex.com/CL_spec.aspx Settlement Type: Delivery Check out section 200.15 of this link...
Here's a link to the exchange minimum margins http://www.cme.com/html.wrap/wrappedpages/clearing/pbrates/PBISOutrightEQ.htm?h=2 For the ES...
Is X your total position or just the size of your initial position. For example if you buy 100, then buy 50 more your current position would be...
I like to start a position with 1 contract. That way if the market moves against me to my stop level, I'll flatten my position and only have a...
I'm a low volume trader and was given the following RT all in rate quotes for trading ES: AMP $4.30 Mirus $4.75 Go Futures $4.30 Velocity...
I trade very small volume of ES. IB quoted me $4.70 per round turn including all fees. Take a look at Velocity Futures. With free Ninja Trader...
If you don't want overnight risk, day trade instead of swing trade.
What type of trading approach do you espouse? Do you add to your initial positions? If so, how?
I appreciate your concern. I reread maxpi's 2 posts and his system was a Martingale type system that adds to a position which is going AGAINST...
I've decided to trade with this system a little bit even though I haven't backtested it or optimized it. For this trade I'm using a 13.50...
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