Think your math is a little flawed there my friend. From where I sit you're paying .01 for 800 shrs and .01 for 1000 shrs. Sounds like double...
The 1000 shrs is in reference to bright's rate. First 1000 shrs is 1 cps I believe. This number scales down to .4cps based on volume.
I realize use of capital is worth something but these rates are absurd. Your "best" rate of .004 is still more than IB's base unbundled rate. And...
Nice idea. I haven't gotten that fancy. But I do maintain a basic template for each platform.
100% stocks in both cases. And yes, one of them has historically done most of his volume at IB. Both are somewhat active posters on ET. That's...
In the 35 minutes before the open, the ES had a 9 point range. I'd consider that volatile. Heck, it wasn't that long ago there were entire days...
I trade prop and retail (IB) using fully auto programs. I see no advantage to prop from an execution or automation point of view. In fact I see...
It was futures and options expiration and the futures were pretty volatile before the open. I had a large number of fills Thursday vs a normal...
If you have basic market knowledge, it's not that hard at all. You only need to memorize the municipal bond and regulatory stuff. So based on...
Today was rollover, Index arb was correct. ProgramTrading still has yesterday's value. As of today, you should be using the June contract....
I second lescor's comment. You are far better off forward testing on small size and tweaking as you go. News pretty makes automated backtesting...
I send my orders in Sterling via the API. Not sure if you can send via baskets or DDE.
You call 5-8% margin rates nothing? It's clear you are the expert so I'll sign off now.
Those massive writeoffs weren't due to their brokerage business - period. I think you ought to keep the conversation on the prop/LLC model....
I don't believe ETFC's problems are related to their brokerage. It was their mortgage division.
Earnings.com
Ummm...that's 2M shrs / month. There's plenty of people who do 1M+ shrs / day. Some of us get more than 5 signals /day, ya know. :D
As Lescor likes to say, getting in is the easy part. You gotta know how to trade to get the exits right. Best to just watch and see what works...
Trading earnings stocks in front of the boot campers????? :eek:
+25K playing SUPER SUPER conservative. Could have been a 6 fig day easy. But my first goal was to stay employed as a trader today.
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