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Trading Lessons Through Pictures
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Trading Lessons Through Pictures

  #1 (permalink)
Market Wizard
Boca Raton
 
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Trading Lessons Through Pictures

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  #2 (permalink)
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  #3 (permalink)
Elite Member
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mattz View Post
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I agree, but high frequency trading generates a higher amount of commissions. Don't you love commissions?

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  #4 (permalink)
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Fat Tails View Post
I agree, but high frequency trading generates a higher amount of commissions. Don't you love commissions?

True HFT receives rebates for "providing liquidity" on some exchanges, plus of course when you look at all the memberships and different rule categories for seats on CME you'll see commissions are greatly reduced with volume.

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  #5 (permalink)
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Big Mike View Post
True HFT receives rebates for "providing liquidity" on some exchanges, plus of course when you look at all the memberships and different rule categories for seats on CME you'll see commissions are greatly reduced with volume.

Mike

Very true, but I think that the picture was set up to mirror the behaviour of retail traders.

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  #6 (permalink)
Site Administrator
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Fat Tails View Post
Very true, but I think that the picture was set up to mirror the behaviour of retail traders.

Agree completely, I've been preaching this for a couple years at least now

https://futures.io/traders-hideout/23792-who-makes-more-money-scalpers-point-traders.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #7 (permalink)
Administrator: Retired Backtester
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Fat Tails View Post
I agree, but high frequency trading generates a higher amount of commissions. Don't you love commissions?

I assume that getting a new customer on board has a fixed initial cost. If the customer's account is blown in a couple of hours, that's not a good deal for @mattz .

Success requires no deodorant! (Sun Tzu)
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  #8 (permalink)
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sam028 View Post
I assume that getting a new customer on board has a fixed initial cost. If the customer's account is blown in a couple of hours, that's not a good deal for @mattz .

Of course it is not, I was just teasing him a bit.

He has access to the data from his customer accounts, and it is probably easy to show that the half-life period of a customer account is inversely correlated to the trade frequency.

He has made an excellent point with a picture, and his statement was honest.

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  #9 (permalink)
Market Wizard
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sam028 View Post
I assume that getting a new customer on board has a fixed initial cost. If the customer's account is blown in a couple of hours, that's not a good deal for @mattz .

Getting customers on board has no cost except for some paperwork.
but we do want them to succeed and to have a mutually beneficial relationship that could last for years upon years.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #10 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,061 since Sep 2010
Thanks: 1,934 given, 2,787 received
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Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; March 30th, 2013 at 11:16 PM. Reason: grammar
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