always join the party late - make sure the price action has always confirmed the move you felt was going to happen, before you enter
no one wins on every outright trade, but better late and more sure - than early and broke for sure!
the futures always lead the cash - since major stock trades are front run in the futures index market
the comment - "Dow futures up, Market set to open higher".- is to do with the prior day close compared with the current days futures price
if you are new to trading - you would want to forget...
do 20 times the same thing you did to get to 50K
or put the 50K away safely and get a job as a trader and wait until you are profitable before even thinking about touching the 50K
twalker
i am going to assume that when you say 'proprietary' - that you mean it is your own analytical system that somehow you can program into TT and TT sends the signal - and you DON'T mean that you have written a program in Visual Basic or C and that program is using the TT API
if my...
every trade done has a 50/50 opportunity for success - less spread and commision
make sure you have been profitable for at least 3 years and making 6 figures for those 3 years - before you feel you have cracked it!
and if you have an edge - don't sit on it!
i guess this is using some sort of inbuilt TT automation as opposed to your own proprietary automation program running through TT's api?
did liffe
a)figure they could make a bit more money out of auto trades
b) want to reduce their liquidity ( good move!!!!)
c) reduce the sitting orders on...
twalker
how do they know the order is from an automated system?
or are you using an api and the platform provider (TT?) charges you as they have an agreement with LIFFE for api orders?
check with TWS if it is possible to lock your computer clock to the TWS clock signal - you can do this with some institutional trading platforms - or get a third party clock to lock to - there is always going to be a few seconds difference to the 'correct time' , regardless of what you do - but...
an analyst does not trade - they are employed to give an opinion that is then used to get work for the company they work for
professional traders - unless in a hedged position - would tend to close out all positions overnight and work dynamically with the market during the trading day -...
scraping data from websites is a little different - since you then have the internet pages that can be directly read in code - but you can also just have a program that can read any data that you see on a screen, regardless of how it is originated
US based options have a minimum spread of either 5c or 10 - dependent on wether they are under or over 3 bucks
but it is difficult to acquire usable options data due to the vast number of options and their illiquidity ( there are private companies with this data - but they would look for...
you can read any data that you see on a screen - either by writing a program that directly reads the screen data or else 'sniiffing' the data sent to the screen, so you can effectivly automate programs which seemingly are only manually controllable