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  1. M

    I'm adding to shorts...

    I caught that huge spike in USDYEN! I shorted yen and was like up 18pips in like 30sec! hehe damn that was sweet!
  2. M

    I'm adding to shorts...

    hey trade-ya!, Good one. I was short yesterday too but I covered at the close since I don't do overnites. Then at 12:26pm I shorted but the market wasn't' going anywhere so I covered. Then the Fed announcement came and all of hell broke loose!! I kept sending limit orders and weren't...
  3. M

    TASR - back in the days

    I don't trade this stock. TOo hig priced. But it's up to $146! Of couse, it also ran down to $133. Looks like a great daytrading stocks if people have balls..
  4. M

    Now Canadians Can Blame U.S. for Manufacturing Woes

    By Deborah Cohen and Jessica Wohl CHICAGO/NEW YORK (Reuters) - Kraft Foods Inc. (KFT) said on Tuesday it would cut about 6,000 jobs, close 20 plants and boost marketing spending as it tries to restore volume growth in key categories such as cookies. The largest North American food maker...
  5. M

    Gold and Silver mini

    Dear Trader, Here from our web site is the information you are looking for that can answer your inquiry: Expiration Liquidation Rules for Physical Delivery Futures For futures contracts that are not settled in cash but are settled by actual physical delivery of the underlying...
  6. M

    Gold and Silver mini

    SethArb, thanks for your response. I know IB forced liquidation because they dont' want to take any physical delivery. And my account has plenty of capital so no margin calls there. WTF?! I just can't believe this. But why did it liquidated at 9:40am. I emailed them and yet didn't get a...
  7. M

    Gold and Silver mini

    SethArb, Do you have the YG Feb'04 chart or quote for today? For some reason, IB LIQUIDATED my YG Feb'04 at 9:40am this morning at 404.60! WTF?! I was in it yesterday at $403.90. And it SETTLED yesterday at 406.70. And now it's at 410. It NEVER got to 404.60. WTF?! I bet IB screwed that...
  8. M

    Exporting jobs

    $2M/yr pay for research. not even putting on a single trade... So, sle's pay is actually prety normal or at the lower end even... How life on Wall St has changed since the 80s when research people were paid poorly... =========================================== Job: Global Head of...
  9. M

    Exporting jobs

    Mecro, Actually, sle's company is NOT unique. Quants/research/implementation people are now getting as much as traders used to get or even MORE. The table has turned. Some financial products are so complex, that they need quants to run it and implement it and they are getting a bundle for it...
  10. M

    Gold and Silver mini

    chisel, thanks. that's what i saw on the CBOT website. But when you put down march '04 on IB it still shows up. hehe. Also, jan 31 is the feb'04 expiration huh?
  11. M

    Gold and Silver mini

    When does the Feb '04 YG expires? End of Jan right? How come the Mar'04 hasn't started trading yet... hmm...
  12. M

    If you had to name one quality to succeed in trading, what would it be?

    axeman, yep. the only thing good money mgmt does is make you bleed SLOWER than usual if you have no edge! You gotta have an edge!
  13. M

    Amt4swa

    Yep, a very admirable man. Until he started shorting ES and not covering...
  14. M

    hard drive deal this weekend

    Actually, I do get ALL of my rebates from BestBuy. I don't know about OfficeMax or OfficeDepot.
  15. M

    Coffee . . .

    I know IB doesn't. So, which brokers do you guys use for the "softs" futures? thanks!
  16. M

    Kodak to Slash Up to 15,000 Jobs

    Kodak to Slash Up to 15,000 Jobs Thu 11:25am ET - Reuters Eastman Kodak Co. said on Thursday it will slash up to 15,000 jobs and take up to $1.7 billion in charges over three years as the photography company works through a painful shift toward digital products and away from the waning film...
  17. M

    New Tech Products Mean New Tech Jobs

    Mr Yellow AOL Man, CHILL! i was NEVER a wanna-be tech guys. I was mildly interested in tech about 8yrs ago. But my professional career has always been in the financial industry. :P But yes, I understand your point about companies requiring their candidates to know the latest tech and...
  18. M

    250K enough to trade with?

    kavman, haha. That's why prop firms SPONSORS ET. And most ETers join prop firms for the leverage. And that's why prop traders success rates are so low. Undercapitalization is poor money management and has serious psychological side effects...
  19. M

    250K enough to trade with?

    illiquid, I think this is an excellent point. When you trade for a living, every day is crucial and pressured if you don't make $. You feel compelled to crank out money every day even though statistically that's not possible(or highly improbably. No system or method has 100% win rate!). And...
  20. M

    250K enough to trade with?

    Tell you friend it should be enough IF he manages his risk correctly. Open an IB account. 4:1 daytrading margin would bring his buying power to $1M intraday. 2:1 overnite would bring it to $500K, which is more than enough I think if he's careful. He does NOT need to go to a prop shop and...
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