Recent content by Magnum29466

I understand what running a fund does for your income but I just assumed that maybe some would trade there own account in order to not have to answer to investors when things go bad. I mean after I collected 100 mil in fees I could really just close the fund and run that 100 mil privately. I...

I meant 100% off of the returns.

I understand the rationale for going to OPM but you would think that there would be some skilled trader that would feel more comfortable trading his own account rather playing with others money. You would think some of the hedge fund guys would quit after he got his millions in fee's and just...

You've made millions in this market? whats your trading time frame?

I see a lot of people refuting the "it can't be done" arguement, but where are these people? Is it impossible to trade retail and make millions? Once again people like jesse livermore traded in offices off of the nyse and still made a great deal of money using not much more than chalk boards and...

Why are you here then? are you liquid right now? and my idea of very rich is in the hundreds of millions...

Seems like all rich guys in the market are hedge fund guys. You don't really hear about the jesse livermores of today if they even exist. I doing ok so far but I'm no where near the level I want to be. I want to be a great trader and very rich but when I look to other private traders for...

Are there any magazines out there for traders? I would love to read about other traders or the business in general. This business seems to be pretty closed unless your on wall street. those of us who choose to trade for a living are a unique bread. its hard to find others who desire to enter the...

I was thinking the same thing. how devoid of reality can you be to think the star system in a forum is part of some financial conspiracy. bet bernake makes all his fed decisions based on the stars his posts get..

understood, It's superstition but when I'm in a nice postion I just like not touching it especially closing it when I know it going to get even better. oh well, gotta do what you gotta do....

I have a position I want to hold on to and I don't want to get out of it right now but soon the contract is going to expire. will it automatically switch over to the new contract? will I lose money in the process? Do I have to do it manually?

I wasn't given the opinion to opt out. I got a letter with my card stating it was mandatory. my other account is still basic log in though.