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Thinking along the lines of the "weird workman"... Consider taking your dog to the vet for pregnancy and/or STD tests... Just to cover all your bases... and leave no stone unturned. But be careful... Because the chance of you or your dog being hit by lightening on the way to the vet's...

I don't believe you do serious numbers. Someone doing 3 million shares/month... Probably has > $1 million in capital... And is probably netting around $50,000/month in profits. The primary concern would be safety of capital... NOT trying to save $3,000/month via some dodgy outfit. No...

The bank is 99% responsible... For total lack of management... And the bank is wide-open to lawsuits. As for the trader... he will end up in a Turkish prison.

Anything that goes thru a satellite is on roughly 7 second delay... It has nothing to do with CNBC. And virtually everything on "cable" goes thru a satellite. Watch any sporting event... And listen to the radio broadcast at the same time... Only the radio is in real-time... unless it's...

Since only companies with suspect credit ratings issue convertibles... (Because instead of just issuing bonds... they are potentially giving away equity)... A simple convertible can be viewed as a junk bond + long-term call option. Of course you can value the "call" using Black-Scholes...

Actually... There are lots of big "outliers" in high/low/last price data... Especially in low volume stocks... That you did not see a year or two ago. Listed trades happen at ridiculous prices on a regular basis... Dollars away from the "market". It must some kind of collusion...

For example... If you enter "Elite Trader" into Google... The following blog post comes in at #3... The first link not directly related to ET: "It seems to have gone off the deep end - racist and pornographic threads, with no apparent attempt to moderate or delete offensive material."...

Actually, I agree with you. There is useful information on ET... But because it's > 90% noise... It would be nearly impossible for a novice to separate the wisdom from the hogwash. The real problem with ET... Is that there is ZERO moderation from mods... And no "self-policing" from...

If you failed to build a profitable Poker Bot... Then you will likely fail at Automated Stock Trading. Specific strategies for profitable poker play are easily found at places like 2+2... Any genius level person can be beating SNGs within 6 months. The main problem with Poker Bots is not...

No. You think like the amateur that you are. Most trading firms DO NOT make "directional bets"... But rather practice some form risk arbitrage... Such as market making or relative value hedging/scalping. When market volatility increases... volume and profits are higher. So for...

I trade 100% Listed about 3 million shares/month... Strategy = Relative Value Arbitrage Due to all the changes in the last year: (1) My volume is higher and trading is more profitable. (2) Liquidity has improved... quite apart from the extra volume caused by volatile markets. (3)...

6 months is laughable. But if you are talented... Which I seriously doubt based on the 2,876,434 questions you have asked on ET... Someone might offer you an entry-level job. What young people have trouble understanding is this: No capital = no power, no leverage, no nothing = employee

Are you a US broker-dealer and an NASD member? Do you have 2 or more Principals... At least several Registered employees... And quality infrastructure? Do you have a good regulatory history? Is your volume decent... like > 10 million shares/month? Do you have 6 figures to spend on...

IB's job is to maximize return for it's shareholders... While giving it's Customers legal fills. They do this exceedingly well with HUGE profit margins > 50%. SMART is the absolute cornerstone of IB's business... And is not designed by programmers... But at the Vice President level of...

This is not a "problem" for IB. SMART is their main profit center... And ALL elements of SMART has been thought through carefully on the highest levels... So if they are routing this ETF to the AMEX... It's because it's legal... And also because it's in IB's interest to do so. And...

Bond traders are not worried at all... About the large cap banks and brokers... That stubbed their toe on "subprime". In the first week of 2008... BONDS of MER and similar financials... Exploded UP about 8-9% in 5 days... The biggest rally I have seen in 15 years. It's all WAY oversold.

NOTHING wrong with being angry at mistakes. Also not much wrong with venting. The ONLY thing that matters... Is that the trader learns from his mistakes. And that process takes places days and weeks after a "disaster"... Where MANY hours are spent analyzing losing trades... And...

It all depends on the right mix of: (a) very experienced decision making (b) automation I make 500 stock trades/day... But will probably double that as my software systems continue to evolve. Since I'm net netting close to $1 million/year... A better capitalized trader with more...

Aruba hands down. I was there for 2 weeks... And it's virtually impossible to buy drugs or get a hooker... And I'm an expert at finding both as required. It's a function of the strong Euro/Hispanic Catholic culture. But there are dozens of casinos and large hotels and great...

YOU are, like, seriously posting on ET. Bwa-ha-ha-ha-ha-ha-ha..........