Recent content by guru-trading

Rather than being so concerned with the fact that money is being borrowed, people should be more concerned with what it is being spent on. Of course this means that classroom sizes will have to increase, wars will have to stop and individuals will have to stop spending like there is no...

That was very funny.:D :D

Whole new meaning to getting killed in the markets.

Fair enough:)

Just curious as to why you care what B1S1 does? He is not recklessly averaging down as he has explained his money management rules previously and also that he makes the majority of his income from collecting premium on options. There are a million ways to make money in the market, we just...

Banana Ben,,,, that's quality. You are right. I think that the new president has been under a lot pressure to turn things around quickly which has added to this liquidity driven rally. You pull the plug on the presses and the market tanks. Sadly the response to this crisis has been very...

$8732.67. Does that help?

It's like when they say the sky is heavy when they mean it is going to pour down.

Does anyone know how the loan is structured?

Harsh but funny. I would like to see how this plays out, I nibbled on a a few DX longs and have not been stopped out even though we are coming close.

It will be interesting to see how CIT is restructured. There are parts of CIT that can be very profitable environment such as the ABL side. Very few lenders lend on strong financials these days, they want to lend directly off the assets which suits ABL's very well. Problem is if a business is...

I see why you like this level, be careful on your stop as it could well go to 38. Also if it bounces off the 26 level first on strong volume then I would not take the trade.

Are you willing to do a capital contribution? If not then they will not teach you trade their capital. If you do have $ to trade then you do not need to be any more leveraged than futures already are, it will not equate to money management which is the most important part of trading. My advice...

This is a fair overview. I managed some accounts through PFG and there was a lot of human error, including $25k being put in one of the accounts by accident and taking it out a week later. That being said there is nothing malicious from what I saw. Personally I feel there are better brokers out...