Recent content by torontoman

umm. You just put a damper on my lunch breaks.

This statement is true if you are referring to the first year after marriage. After the first year, get an additional computer monitor and watch porn. Just don't forget to have the occasional peak at the market to close or open a position. That has happenned to me.

It depends what you're looking for in a "trading book". Advice? or just a memoir? Operator and Wizards are excellent. Frank Oz had a great book/journal. It did not help me, but it was a great journal because it was done during the dot com peak. That was the interesting thing about it. I...

I am currently in Toronto, but I travel extensively to shows and hook ups. Yes. It's worth it.

Hi, Is this group getting together? Would like to join it if you guys are hooking up.

Because the broker would need a personal guarantee anyway.

They cannot go after your credit cards.

There are better jurisdictions for asset protection than Switzerland. Having said that, people who want to protect their assets offshore should really study their situation. Perhaps they would find that keeping it onshore suit their needs better.

I wish what you said is true, but it is not true. No, it can not be broken into parts. After the decision is signed by the judge, it is settled.

Correct. But when you say "gov't and courts can freeze your bank account for whatever reason or debt or taxes owing. or debts owing whether the debit is legit or not." The courts have already determined that the debt is legit, hence a court order implies that the debt is legit. Therefore it...

Yes they can. But would they? I meant if someone here, or anyone you know, had been taken to a HIGHER court for 20K, I'll eat my hat. For 20K, usually the plaintiff would opt for a small claim (10K to 12K) to have it settled cheaply and quicker.

8-10K? That is a small claim and I can see a broker taking you to court for that. They may use an in-house paralegal or hire one. But over 10K (different in other jurisdictions), this would go into a regular civil court. That can take a VERY long time and very expensive for the broker if you...

Sorry. I am not being clear about my point. My point is that if you owe the broker money, don't expect a lien on your property soon. Yes, your credit may be damaged. You might be blacklisted. Eventually there may be a lienn, but not tomorrow.

Do you really think that they would take you to a higher court for 20K? I don't think so. If someone had been taken to court for 20K (not small claims) I will admit that I'm wrong and eat my hat.

Whatever contract says that you cannot sue them, that clause is unlawful..even if it's in the contract. They do not have the right to say that. Having said that, those contracts from the brokers are strong, they will probably win, but my point was that they cannot suddenly put liens and...