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Zenfire no more?


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Zenfire no more?

  #551 (permalink)
 
Balanar's Avatar
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
Posts: 396 since Jan 2013
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Angelo1 View Post
Hi guys all this is confusing
delayed data is not what i expected
Where did you find that fact, can you provide a link to the quote please,

ang

https://www.kinetick.com/purchase

click right on real-time.

If you choose no exchange and click on "next" you receive a pop-up window with that information.

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  #552 (permalink)
 avirex56 
italy paris
 
Experience: Beginner
Platform: ninja
Trading: forex
Posts: 15 since Aug 2010
Thanks Given: 1
Thanks Received: 1

Hi,
do i need the Kinetick feed when i already have a IQFeed subscription?

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  #553 (permalink)
 
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avirex56 View Post
Hi,
do i need the Kinetick feed when i already have a IQFeed subscription?

Yes, Continuum only works with Kinetick.

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  #554 (permalink)
 birdoggg 
Charlotte, NC/USA
 
Experience: Advanced
Platform: NT, TOS
Broker: Mirus/ZF, AMP/CQG, TOS, MBT
Trading: Futures, Stocks, Bonds, Forex
Posts: 37 since May 2011
Thanks Given: 56
Thanks Received: 9


Silvester17 View Post
I'm very sorry about that loss.

but here's the thing I don't understand. unless you were trading hundreds of contracts, why would you put that kind of money in a futures brokerage account. I know many will disagree, but here, one should take advantage of lower margins. there's already enough risk in the markets, you don't need more risk by leaving unused money in your brokerage account. today it shouldn't be difficult to transfer money.

having said that, hopefully mirus is not next.

This may help some now and in the future.

ABSOLUTELY!!! I am so with you on that @Silvester17

@jiggles and others.

1. Keep the bulk of your trading risk capital in a traditional bank savings account. (personal or a LLC/Inc you create especially for trading if you wish).

2. Only transfer from your traditional bank account enough money to trade the amount of contracts in your trading plan. Make sure you put enough in your trading broker account to cover margin and maintenance for fluctuations in P&L + a bit of extra cushion (say +10-25% more than you think you may need to trade your plan). This way you have minimal exposure with YOUR money. Keep the bulk of YOUR money in a much "safer" form (namely your traditional bank account). Consider these funds as your total trading capital available in your trading plan though because you have allocated them for such.

Only if/when you have losses that draw down your trading account below a predetermined threshold that you set, then just transfer more money.

By the way, I hope you have a trading plan! If not, this is a good start: ).

3. Problem significantly solved and your broker risk significantly reduced. With the industry the way it is a broker's account is NOT a good place to park tons of capital. Just use the leverage to your advantage in this way. This is how I love leverage (the smart way). If the broker goes under or something else happens you don't loose a ton of cash! Also, I like to have 2-3 open broker trading accounts I could transfer money to for trading so as to not rely on just one for misc. reasons. Of course, I do NOT like or use leverage to load up the boat like most traders tend to stereotype it (that, of course, in that particular sense of the word "leverage", is obviously the dumb way that never ends well). There are two ways to look at the same word "leverage" IMO. One good and one bad.

In many instances, defining (or otherwise distinguishing the nuances) can be an important aspect to avoid confusion when communicating one's thoughts.



Hope this helps someone out there...

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  #555 (permalink)
 crossover 
Brussels Belgium
 
Experience: Intermediate
Platform: ninja
Frequency: Every few days
Duration: Minutes
Posts: 140 since Jun 2009
Thanks Given: 396
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NinjaTrader View Post
Yes, Continuum only works with Kinetick.

Well, from the failure by Mirus / Zenfire i guess that Kinetick has at once a bunch off extra clients. I consider strongly to join AMP or another firm with NO monthly charges.

I say nothing more as i am dissapointed in the "solution" that we received. Its a punischment . Nothing more. Ans we did nothing wrong.......

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  #556 (permalink)
 dsherman 
Michigan
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus/Vision & Stage5/Vision
Trading: Futures
Posts: 40 since Jul 2009
Thanks Given: 22
Thanks Received: 18


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

Last night, I was under the impression that Rithimic "World wide availability" would be available through Mirus. Is that no longer the case?

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  #557 (permalink)
 
Angelo1's Avatar
 Angelo1 
Adelaide Australia
 
Experience: Intermediate
Platform: Ninja > MC
Broker: AMPs
Trading: ES
Posts: 147 since May 2011
Thanks Given: 1,873
Thanks Received: 78


NinjaTrader View Post
Yes, Continuum only works with Kinetick.

If Kinetic is a data provider what does Continuum do,

"If you believe you CAN, OR believe you CAN'T, you're RIGHT!"
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  #558 (permalink)
 
Balanar's Avatar
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
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Angelo1 View Post
If Kinetic is a data provider what does Continuum do,

Order execution.

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  #559 (permalink)
 
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dsherman View Post
Last night, I was under the impression that Rithimic "World wide availability" would be available through Mirus. Is that no longer the case?

When I originally posted the advisory, that is the information Mirus had provided me. They have since asked me to remove it. I can't speak on the status of their discussions with Rithmic at this time as I am not a party to them.

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  #560 (permalink)
 
Balanar's Avatar
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
Posts: 396 since Jan 2013
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dsherman View Post
Last night, I was under the impression that Rithimic "World wide availability" would be available through Mirus. Is that no longer the case?

Maybe in a couple of weeks or never.

Maybe they want to force to keep Zen-Fire (after that desaster they will rename it into Big Tick) alive.

However, this solution is a fail.

This will be the best year for AMP Futures because they will get more and more new clients thanks to @mirusfutures. (lol)

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