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Zenfire no more?
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Zenfire no more?

  #531 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 498 received


mattz View Post
POST OF THE YEAR!

Brokers also have set a very bad precedence for customer behavior with margins as well. Low minimums, highest leverage and lowest day trading margins that makes customers churn themselves. Once they have accustomed to this behavior unlearning will be impossible for most. Also, everyone competes for the same software with lowest commissions, but you would think someone would ask also an intelligent question along the way "how well do you know your software?" "How well will you support this software? "Do you understand how to manage risk with this software?"

This is never asked and Most brokers get the software and their technical assistance ends at "Email "Name of TradingSoftware".

the solution:
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
or
4 car for 4 ES point = $800
then that risk management and trades allocation assessment should never be confused with, how did you say: "

Quoting 
Brokers also have set a very bad precedence for customer behavior with margins as well. Low minimums, highest leverage and lowest day trading margins that makes customers churn themselves. Once they have accustomed to this behavior .....


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  #532 (permalink)
Elite Member
Montreal, Canada
 
Futures Experience: Beginner
Platform: NinjaTrader, Multicharts
Favorite Futures: ES
 
Posts: 96 since Dec 2011
Thanks: 46 given, 84 received



Mirus will be covering the associated connectivity fees for January and February service.

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  #533 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 426 given, 1,125 received



NinjaTrader View Post
We updated our advisory page - NinjaTrader Advisory 22

Thanks for your support Ray.

Is there a link where I can review directly all the advisory notes?

"Money is better than poverty, if only for financial reasons." - Woody Allen
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  #534 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NTB / Continuum
Favorite Futures: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 507 given, 1,625 received

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.

Program Requirements:

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 support@mirusfutures.com or call us directly at 312.262.1288 with any questions you may have.

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  #535 (permalink)
Elite Member
Bangkok
 
Futures Experience: Beginner
Platform: NT
Broker/Data: IB/IB,Mirus Futures/Zen-Fire, AMP/CQG
Favorite Futures: CL,YM, TF
 
Posts: 127 since Feb 2013
Thanks: 23 given, 49 received


JustinIsHere View Post
Mirus will be covering the associated connectivity fees for January and February service.

and no ICE??

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  #536 (permalink)
Elite Member
Montreal, Canada
 
Futures Experience: Beginner
Platform: NinjaTrader, Multicharts
Favorite Futures: ES
 
Posts: 96 since Dec 2011
Thanks: 46 given, 84 received


Tasker_182 View Post
Thanks for your support Ray.

Is there a link where I can review directly all the advisory notes?

NinjaTrader stock, futures and forex charting software and online trading platform. Support.

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  #537 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 426 given, 1,125 received



Thank-you! I must have missed that!

"Money is better than poverty, if only for financial reasons." - Woody Allen
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  #538 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,371 received


JustinIsHere View Post
Mirus will be covering the associated connectivity fees for January and February service.

And what happens after February?? We start paying?

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  #539 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,255 since May 2010
Thanks: 153 given, 1,882 received


Tasker_182 View Post
Thanks for your support Ray.

Is there a link where I can review directly all the advisory notes?

Sure NinjaTrader stock, futures and forex charting software and online trading platform. Support.

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  #540 (permalink)
Elite Member
Switzerland
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Dorman
Favorite Futures: Currency Futures, ES
 
mk77ch's Avatar
 
Posts: 75 since Oct 2010
Thanks: 12 given, 64 received


currently filling out the registration form on kinetick...

when i want to trade the e-mini s&p 500, do i need the basic subscription and the cme e-mini package?
and if i want to use the jigsaw tools do i need the market depth package as well?
i am confused...

basic package: $55 usd
cme e-mini: $46 usd
market depth: $20 usd
total: $121 usd per month for data?

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