Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
There will be a Live AMA session on Tuesday, April 16th @ 12:00 PM ET.
- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered
I am not sure in what context I mentioned this. However, I used to use what is called a "Fast Cash" (no it isn't a way to make money fast). This is an index made up of live streaming stock quotes which is then used to compute where the cash index should be trading given those stocks. Based on that, we can then compute where the futures should be trading in real time. Most cash indices such as the SPX are quoted on a delayed or pulsed basis (once every 2 to 15 seconds). We used to use this as a way to determine when the futures were out of sync with the underlying stocks.
This method has been beaten to death though by HFT and Arb machines.
Not sure if this is what you were referring to.
FT
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
In my opinion, knowing when you there may be an advantage in a price zone puts a trader ahead of others who don't have a plan at all. So homework starts with trying to determine the context of what is happening in the market.
To turn this into actionable trades, there is no shortcut other than to test those areas that you have determined to give you an edge. In testing them, you have to do so with a wide enough stop to see what will work over time. Since every trade has a 50/50 outcome, you can't expect all trades to work and it is unlikely that you can pick and choose which ones will or will not work. In other words, to go from the theory of "this is where I think I should trade" to a point where you are putting on trades live, there is a fair amount of work just testing and understanding how the market reacts in your areas.
I'm sure there are others whom you can pay and who will tell you when to trade and at what price, but I'm not a believer in that approach. I strongly suggest you gain a very solid fundamental understanding of how the market works including what moves prices, what is normal and what is not, etc. Once you have this foundation, you can start to study way to exploit "mispricing" while limiting your risk.
If none of this makes sense, then I may need to address this for you during the AMA sessions that Mike has scheduled on Tuesdays.
just watched today's AMA.
I am curious about using the M6e product as a starter product like you suggest.
How much are m6e commission? and how much slippage is there, is it too thin?