Recent content by lrf3

I was wondering - how can I setup the ability to short with a retail firm? I was able to setup a margin account so that I don't have to wait 3 days for an order to settle. But when I attempted to short I was blocked. The retail brokerage firm asked me for my employment and income information...

Is there any point in beginning at a prop firm in NYC? Apartments are overpriced thanks to rent control. And on top of that you get taxed an additional 10% on city and state income taxes. Sure there are a lot more firms and opportunities in NYC, but if you can trade remotely wouldn't it make...

Of course I have. Just being a bit abstract. The Fed could have bailed out LEH just like when it forced BAC to buy ML. This is probably the single event that I was referring to as a "cascading effect." The Fed knew exactly what was going to happen if it didn't save it. LEH's debt holders...

What exactly triggered the hedge fund deleveraging that decimated markets last year? Was it a confluence of various events that converged at one point in time that caused all banks to panic and withdraw loans from various funds and corporations? Or could it possibly be one player or event that...

haha you said queer

Economics degree at Cornell University and have been trading on and off for 10 years(was mostly in cash because I bought into the whole Prechter deflation scenario which finally happened last fall for a short period). Ended up programming at a major financial firm for 7 years. My wife has been...

committed to trading you mean. So you mean trading will keep me from focusing on anything else - like a 9 to 5 job?

I have 220K of my own money to trade with. I wasn't planning on touching my wife's money any time soon after what happened. I'm not as emotionally attached with my own money. But getting a steady job would probably serve my interests better. One thing I keep on beating up myself about is...

Thank you. When you say liquid - do you mean american dollars? That's where I am right now. The precipitous decline of the USD index has really bothered me. But I guess what I'm really concerned about is beating inflation. Have debated whether or not to put my cash in another currency...

Mike - Is a hedge fund really worth it? 2 and 20 and limitations on redemptions? Plus, didn't a lot of them do poorly last year? So much for the "hedge" in hedge funds. Also, the leverage they use freaks me out. I would be more nimble than these behemoths when liquidating or buying in...

My wife inherited some money about a year and a half ago. Altogether we currently have around 1.85 million dollars liquid(we're 30 years old). Unfortunately, during the deleveraging process that occurred last year I ended up losing around 170K. I bought a few commodity related etf's as a...