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If you see a clause like that 'owe 25 K' run away, run away fast! Besides being ridiculous it's probably not even legal but why would anyone want to enter into an agreement with someone who would try and pull that kind of bullshit? And dude, don't you think that you might want to determine...

Nice payout. What kind of commissions/fees are you going to be paying on your trades? I would say that to answer your question you are going to have to figure out if you can out trade your fee structure to enjoy that 60% payout. Further you will then be able to figure out how long it will...

What I would really like to know is "where does all the money go" ? What happens to all the money that is collected by the SEC when they do catch and fine "evil doers"? I think it would also be interesting to see a full accounting of the SEC and just exactly how they fritter away the money...

Nice observation! Could be used as a nice leading indicator to position oneself for a trade in equities prior to the release. How accurate have you found this 'tip off' to be? MACD

fl trader, I suppose my characterization of the SEC fee increase as a conspiracy is a little over dramatic. But why does the SEC put this line in the memo: So much for the "getting more $$$ to crack down on the evil doers"

Niederhoffer...... that dude is wack man!!! I just caught the end of the CNBC piece. The guy is definitely out there, I was laughing my ass off at the end when he just got up and started walking off the set. I hope they have the guy back more often just for the entertainment value. Could you...

BMW, you don't seem too worried about Worldco folding like a card table. Aren't you worried about your dough? How do you continue to work at a place if your not sure they'll even open the doors tomorrow? :confused:

Why did Worldco axe so many guys today? Were these traders under-performing or what were the reasons? How many traders do they have remaining?

You can not go short but can still use a bullet.

Banjo, You are correct about the Futures. I assume that they are referring to Single Stock Futures in the memo which would apparently weaken my conspiracy theory somewhat. No matter I AM STILL PISSED about the whole thing and my opinion on the SEC stands! MACD:mad:

Where you geting that price dude??? That cheap!

Interesting that the SEC chooses to up the fee they charge on equity transactions but not on Futures. Is this because equities are the most widely accepted product among the "small" investor whereas futures tend to be a more "institutional" product. If you indulge me with that rational I'll...

Here is the sad , depressing , BULLSHIT, news release directly from the web site of those worthless assholes! (my apologies to anyone who finds my language offensive, but that is exactly how I feel about this feeble tax grab..... offended)...

Thanks for the post. I understand the theory behind the arb. What I am most interested in is the actual mechanics of doing it. For instance; I am in a situation where I have extremely aggressive commissions and hence the execution costs are not a major hurdle. How would I actually execute...

How would one go about buying a stock on one exchange and immediately selling on another. For instance, there are several stocks listed on the Canadian TSE that are also listed on Nasdaq or NYSE. I have observed many instances where because of currency rates an interlisted stock is mis-priced in...

Good stuff so far guys!

This is interesting stuff. I have been thinking about this recently and was wondering if there is anyone out there doing it, or at least contemplating it. I'm sure no one wants to divulge secrets (especially if it's making them money) but I would like to see an open discussion on the topic...

Not sure would have to check again but I believe Q-Charts provides this data. If I remember correctly from my days using Real-Tick they definitely provide the Tick and Trin.

Thanks for explaining the difference in how these two derivatives are constructed. Can you tell me why you would use one over the other, ie. is a conversion used for an extended period of time and why is it preferable to the bullet for an extended period? It would seem to me that...

I have always been under the impression that Bullets and Conversions are different animals. Bullets are 1 day tools and Conversions are for much longer time frames (depend on expiry of underlying options used). As I have never been responsible for constructing either, I do not know the...