Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
Posts: 798 since Oct 2009
Thanks: 216 given,
return to the likes of Merrill Lynch,
oops, even they don't exist,
shops like that, that charged outrageous commissions (like the guy who just commented what it cost, in addition to $47 per side comms) for data feeds and per side commissions, don't exits either
I have never understood the need to charge high margins, other than to push the risk of "taking risk trades" further on the side of those willing to take risk (customers), instead of using technology to help manage risk and make it affordable (like what Mirus does / did / do).
IB charges $1,000 margin per side, when other brokerages offer $400 margin. Any long term trader (not the idiots that blow their accounts) knows how to handle leverage. Its their money, but the brokers / margin setters / clearing agents, can't wait for it to change hands, preferably into theirs.
An experienced trader can purchase at most:
5 cars at $400 margin (requiring $2,000 of his balance and another $1500 of his balance for stoploss)
4 cars at $500 margin (requiring $2,000 of his balance ....
2 cars at $1000 margin (requiring $2,000 of his balance ....
0 cars at 50% exchange margin
one has to always ask, why does the other guy participate at the table, and for customers, this is one of the decision chains that they're taught or learn to negotiate in how to allocate funds to take on risk on a trade.
after all, its a waste of time and effort to spends tens of thousands of dollars in learning, software, accounts, computers, software and additional data feeds to only take 1 car trades (presuming one has already achieved consistency) for 1 ES point for a net total of $50, when one is completely capable of 4 cars or staying in the trade longer for 4 points ($200). So even using that conservative basis (no time-frame mentioned, just to be objective, so this could be all day position or an hour or 15 minutes, etc) if one earns:
1 car for 1 ES point = $50
4 car for 4 ES point = $800
then that risk management and trades allocation assessment should never be confused with, how did you say: "
The following user says Thank You to kronie for this post:
Continuum order execution is now available through Mirus Futures for NinjaTraders users.
Used in conjunction with Kinetick, you can access institutional quality data and order routing for a complete connectivity solution.
Mirus will be covering the associated connectivity fees for January and February service. This includes the $10/month Continuum fee along rebates for a pro-rated Kinetick real-time data subscription.
Available to all current Mirus Futures account holders.
Rebate will cover the $10/month Continuum fee, a pro-rated $55 subscription for a January Kinetick subscription and a full $55 rebate for February Kinetick subscription.
The rebate does not include exchange fees or add-on services however a waiver is available through Kinetick for CME data.
Must average five round turns per week during the subscription period to receive the rebates.
Rebates are available to new Kinetick subscribers only.
Rebates will be credited directly to your trading account and provided the following month.
Please contact our Support Team at email@example.com or call us directly at 312.262.1288 with any questions you may have.