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  1. Q

    Citigroup buys fixed-income hedge fund specialized in credit derivatives

    Yawn... Another sophisticated skimming operation.
  2. Q

    Is IB completely down now and for more than 30 minutes!!!?

    IB is auto-collecting your IP adresses... And will auto-liquidate your accounts.
  3. Q

    “A miracle is needed to avoid recession”

    A recession is normal and expected... not a mistake by the Fed or a disaster.
  4. Q

    Jim Rogers Supports Ron Paul for President - FT

    Jimmy only supports Ronnie because he speaks fluent Cantonese.
  5. Q

    Google rolls out its Facebook killer

    The social networking space is more fluid than people assume.
  6. Q

    Any traders who run a hedged long/short portfolio?

    Morton is on to it. Imagine that a coin-flipping monkey is managing your Portfolio. 100% Long stock picking = 10% historical return And now... 100% Long stock picking + Equivalent Short S&P = 0% return (but less volatility) You can see that the monkey is giving up 10%... That's...
  7. Q

    Is IB completely down now and for more than 30 minutes!!!?

    I would estimate that the average IB trader... With a dual, fail-over internet connection or leased line... Has had about 2 hours of downtime in 2007 on IB's side... Mainly due to IB server or login issues. So that's 1356/1358 = 99.85% uptime. Do the math... And figure out what 2-3...
  8. Q

    High Probability ETF Trader

    There is nothing original about this... And your results will not be statistically meaningful for about 10 years or whatever... So this is exactly what not to do.
  9. Q

    What formal education does one need?

    ET has more people that are completely fooled about the markets... Than any other place on earth. People may think I'm an asshole... But I really, really feel bad... About the way people are EXPLOITED by the Securities Industry. That's primarily what drives my posting. But it's...
  10. Q

    Trading on Acid

    If you OD while trading... IB will auto-close any positions that might result in a margin call.
  11. Q

    What formal education does one need?

    Wrong. For those who have graduated from university in a hardcore program... (Not some country club diploma mill)... You understand that the ENTIRE point of an advanced education is... TO CHANGE THE WAY YOU THINK. University is not about memorizing facts like high school... It's...
  12. Q

    Jim Rogers on Chinese bubbles and Bernanke’s printing press...

    If you owe 13 gazillion... the lender has the problem. You know... The more I think of Jimmy forcing his poor daughter to learn Chinese... The more I think he ought to be locked up.
  13. Q

    Going Full-time, please advise

    That's why I keep using the poker analogy. If I wanted to try playing poker at a professional level... It would have to be a 2 year 24/7 obsession... I would have to play several 1000 hours... And study the game constantly... And, at best, you will get a few pointers from other players...
  14. Q

    Going Full-time, please advise

    Of course. You should have a consistently profitable strategy by now... That you can build a business around. The idea that "successful traders" are going to teach you... is fantasy. Try this. Go to the biggest poker game in town... And ask the top players to teach you how to play...
  15. Q

    Is it legal?

    US registration only makes sense today... If you need to be a Stooge in a Suit... And want to hard sell "financial products" to mooks. Or you want to do something Big. You can pretty much run any trading operation less than $10,000,000 capital... Through a broker like IB... Or if...
  16. Q

    NYSE To End Hybrid System

    It's probably too late. NYSE volume is eroding rapidly... But it's not so much the big players like NASDAQ... There's extreme fragmentation among dozens of pure ECNs and bigger brokers like IB. In the last 9 months... IB has gone from crossing 3% of my trades to 13%. Everybody is...
  17. Q

    Going Full-time, please advise

    There is some truth to what MeAgain is saying... But age has nothing to do with it. My concern about the OP... Is that he is 40s... With no track record of success in Zero Sum Games... No apparent OBSESSION with poker, sports betting, options, stock trading, etc. No one can teach you...
  18. Q

    Is it legal?

    You certainly cannot advertise in the US without appropriate registration... And then HOW you can advertise is heavily regulated.
  19. Q

    Going Full-time, please advise

    Age has nothing to do with it up to about 70. There are waaay too many kids posting here. Proof? Alan Smurfit won his first poker WSOP bracelet at age 65. He started playing poker seriously at age 62... After selling his business for 8 figures. World class poker is infinitely...
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