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OK, but seriously thats the ethos of day traders who have to close out their account when their risk manager sees them down 10k on the day :D :D :D fortunately, im not in that position. traders and investors who make a killing in the market buy cheap and sell rich and ignore short term noise...

not everyone on here is a baby day trader like you with no capital in their account. i can hold on to a position thats going against me if i have conviction that its right. also i haven't taken on a huge position yet, im adding quite a bit tho last few days, and admit its getting pretty big...

I sold some today. added to some of my retailer short positions. again, i think the market forces are gonna rip this market up short term but in the end fundamentals will dictate what happens. funny how everybody changes their mind from being insanely bullish one day to being total bears the...

Since when is it illegal to try and get a great deal from JP Morgans perspective? if anything, shareholders should be pissed at the fed who "needed" this deal to close before asian markets opened. what a joke. everything the fed is doing is on an ad hoc basis, just putting chewing gum...

i agree with most of what you said, but the market is being driven by psychology more than anything right now, and many (wrongly, imo) believe the feds moves can save us from horrible fundamental shifts in the economy. in the long run, the fundamentals will dictate where the market will go...

I am short - but im not nervous. That was the WHOLE point of my post. I'm encouraging other people who are short not to be nervous, b/c i think we're gonna have a fight ahead of us. not to get shaken out when positive pieces come out of cnbc and other crap telling us that we've bottomed and its...

on a techincal basis the s&p has a lot of resistance around the 1370 level. i dont think there are many catalysts that are going to push the market much higher than that, at least in short term. many catalysts to send it much lower, including bad news coming out of europe - which we really...

The fed is doing everything it can to prop up markets - from TAF loans to banks to possibly real estate if they start buying up mortgage books from financial institutions. Bernanke will keep lowering rates if he has to, but he's running out of ammo. People are beginning to post tons of news...

ive been saying this for a while now, and i FULLY believe the fed will go in and buy the mortgages out there if the market slips another ten percent from here, or there are more banking troubles. its completely disgusting, but bernanke WILL do it. its the bernanke put on financials...

you think free speech is much better in russia then it is in china?? its not. jim rogers has repeatedly pointed out that there are political problems in china as well as certain economic ones, like inflation. he simply believes that it is the best country to invest in for the long term...

we're looking more and more like socialists every day. timing releases after hours, bear merger "needed" to be done before asian markets open, inflation numbers reported based on very arbitrary metrics (that seem to come in unusually low), i could go on...its getting spooky out there. once fed...

landis, i agree the overall economic situation is dire, and bernanke is respoding to that; but, his timing in relation to market drops is eerie. its not the feds job to bailout rich i bankers or aggressive mortgage bankers who took outsized risks. all bernanke is doing is prolongoing the...

if you believe that bernanke is an out of control manaic that will pull all the stops possible to avoid a short term market correction and keeps pumping liquidity into the system and lowers rates, what will be the effect on US treasuries? right now they're soaring as the flight to safety...

close your eyes and pick a stock - aig, seems good - and short the hell out of it. dont be so fixated on being long. if everythings getting killed, that'll work...

b/c a spread or something artificial is being traded, not something outright. e.g., red pack is bid 50 times +2; if it's hit, then all reds will trade +2 while for some of the reds that will usually be outside their bid/offer. and that's what youre seeing on screen.

someone had mentioned to me that refco's NY office doesn't really cater to retail traders and is really only for their prop guys - that's why i was inquiring about gh. do you know of any other firms out there that i should check out? also..do you have any idea what a typical desk fee...

does anyone know if GHCO or any other futures trading firm in NY has office space to handle retail traders? I'm looking to pay a desk fee to have resources like bloomberg, t1 lines etc. paid for rather than having to pay the overhead myself. i know such firms exist in london and chicago, but...

i'm looking for traders in ny looking to share an office and split costs - bloomberg, t1 lines, etc. I am primarily a futures scalper. pm or post a message if interested or know of somewhere where i can get a desk in an existent office. thx.