Trading for the least amount of money

[OAC 10]

If he wants to trade index futures, on the other hand, a cheap way to do it is to analyze and take signals from the emini and enter the trade on the ETF, whether DIA or SPY or QQQQ.

 

The sad part is you need $25,000 min. in your account to day trade the ETFs even if you trade only 50 shares, as per the Pattern Day Traders Rule. No wonder so many newbies blow up their small accounts in no time in Index Futures.

[DbPhoenix 42]

The sad part is you need $25,000 min. in your account to day trade the ETFs even if you trade only 50 shares, as per the Pattern Day Traders Rule. No wonder so many newbies blow up their small accounts in no time in Index Futures.

 

Only if you make so many round trades a week. And while I may be mistaken, so far he's said nothing about daytrading.

 

In any case, there's no PDT regarding simtrading. And if he becomes confident in what he's doing, he may decide to explore the joys of holding overnight.

[OAC 10]

he may decide to explore the joys of holding overnight.

 

That's right. By buying out-of-money BSC call options on March 17th and held through several overnights.:o

[DbPhoenix 42]

That's right. By buying out-of-money BSC call options on March 17th and held through several overnights.:o

 

Actually, years ago when I was working with Teresa Lo, she recommended that beginners with very little money start with options on whatever underlying they were interested in. Granted this was during The Madness, and options occupy their own little niche and require their own learning curve, but it's something to think about.

 

As for the PDT, I hope that that will eventually be rescinded. As far as I've seen ever since it was imposed, beginners are just as naive, they ask the same questions, make the same mistakes, lose just as much just as often. The only appreciable difference is that they've been forced into other markets which are even worse, like goo through a pastry tube.

 

In any case, one could borrow whatever's required to open a futures account, then withdraw nearly all of it. Depends on how badly one wants to learn how to trade futures.

[windatback 10]

try amp futures

[hanz 10]

opentick no longer accept new user

 

i need YM data for NT cos I have an indicator on it

 

anyone can suggest?

[daedalus 10]

Buy Multicharts outright... for 1500.00... LIFETIME License and free updates for life. Its the best deal. I've spent WAY more than that with TS, and its got so much more than TS in terms of features, scalability, support, etc.

 

Then open an account with AGN Futures... They have free data whether you do 0 trades or 1000 trades. And really good tick data too.

[Guest forsearch]

Buy Multicharts outright... for 1500.00... LIFETIME License and free updates for life. Its the best deal. I've spent WAY more than that with TS, and its got so much more than TS in terms of features, scalability, support, etc.

 

Then open an account with AGN Futures... They have free data whether you do 0 trades or 1000 trades. And really good tick data too.

 

A few questions, if you don't mind....

 

How much is the monthly fee if you purchased the lifetime license?

 

Is there back-fill historical data available? Minute or tick data? And how long back?

 

AGN Futures? Whom do they clear thru? Who are they an IB for? Transact? Open E Cry?

[sevensa 10]

They are not a broker; they are a charting platform.

 

How much is the monthly fee if you purchased the lifetime license?

 

No monthly fee if you have the lifetime license.

 

Is there back-fill historical data available? Minute or tick data? And how long back?

Depends on which data vendor you use. Since they are a charting platform, they do not provide data. They can plot both time, tick and volume based charts.

 

 

AGN Futures? Whom do they clear thru? Who are they an IB for? Transact? Open E Cry?

They are not a broker.

 

This might be easier to visit their website and read for yourself. All your questions and more are answered there. http://www.tssupport.com/multicharts/

[Guest forsearch]

 

Then open an account with AGN Futures... They have free data whether you do 0 trades or 1000 trades. And really good tick data too.

 

AGN Futures? Whom do they clear thru? Who are they an IB for? Transact? Open E Cry?

[daedalus 10]

Goldman Sachs if i'm not mistaken.

[Guest forsearch]

Goldman Sachs if i'm not mistaken.

 

Nope, it looks like an IB for Transact, if what I see on this page is correct:

 

http://www.agnfutures.com/html/open_account.htm

 

Note the open account link on that page goes to Transact Futures.

 

-fs

[sevensa 10]

Nope, it looks like an IB for Transact, if what I see on this page is correct:

 

http://www.agnfutures.com/html/open_account.htm

 

Note the open account link on that page goes to Transact Futures.

 

-fs

 

 

This page say York Business Associates: http://www.agnfutures.com/html/about.htm

[Guest forsearch]

Transact is the d/b/a for York Business Associates. Same thing.

 

thxs