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You wrote "Anyway Im afraid of burn again my account with them but, do anyone knows another good futures broker that allow cqg or xtrader and that cheap ES?"
This gave the impression that the broker had something to do with your losses. In reality you were under capitalized, and could not withstand the leverage associated with futures.
Matt
Optimus Futures
There is a risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
That's simply not enough capital to trade Futures. You should consider something like Forex where you can scale back your risk whilst learning. With Forex you can risk very small amounts per price movement. This affords you the opportunity to have real risk / money on the trade and figure out your trading plan, but will not take you out of the game while learning.
I really enjoy Futures and I think a centralized exchange has a lot of benefits, but with that amount of capital you need to consider lower risk options when you're learning.
No. You couldn't use a paltform that was being feed with CQG or Rithmic (for instance) if your original trades were placed at the exchange via TTnet.
The only option is the one @mattz suggests in post #283. I have not had a chance to talk to AMP to see if I had X-Trader (a TT platform) could I use it to manage trades routed through TTnet off my SC platform without paying excessive fees for having X-Trader just for disaster recovery.
Clearly, from post 283, Matt is saying he could run this setup for you at Optimus using SC as your primiary platform and TT's platform (X-Trader, I think) as a back up for no additional cost.
@steve2222 to call TT fees "excessive" when you use it only for back up, is a bit of a gross exaggeration.
If you need to liquidate the last thing you need to do is think about an extra $1 RT while you have highly leveraged positions. Consider that TT is usually $700 to $1,500 with many FCMs, so an added dollar even for trading for such a caliber platform is reasonable. Also, if you were to call in any of the big wire houses may charge in access for $20 for call ins to flatten.
However, another thing comes to mind is the fact that through TT (to the best of my knowledge) you can set multiple logins credentials so long they are over the same IP. Namely, you can have SC and MC with the same TT credentials, and that way you pay less in execution if one platform malfunctions.
Clearly, one has to learn how to use any platform that he/she uses for back to avoid learning curves during what could be stressful moments
Thanks,
Matt
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
You have interpreted my reply incorrectly - I was not saying TT's fees were excessive as a back up option.
I was trying to say that the TT back up option would be fine as long as you were not paying TT's usual costs for the platform (as well as for the primary trading platform - SC). So my intention was for the poster to check there would be no large monthly fee from TT (like to $700 to $1500 you refer to).
You reply seems to suggest that TT as a back up would only costs a R/T fee if used and obviously no one is going to have a problem with that.
Understood. Since we were talking in the context of AMP/TT, I suggested that there is a pricing TT model only.
I understand that this may not be offered through everyone, so point well taken.
Thank you,
Matt
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]