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The article says "Cohen's biggest fund, with $1.8 billion in assets, trades furiously, turning over its portfolio 2.6 times a year" While the dollar amounts are huge, a turnover of 2.6 times per year equates to a holding period of 4 1/2 months. I think many Elite Traders could show Business...

http://www.businessweek.com/magazine/content/03_29/b3842001_mz001.htm

Depending on your volume, IB, Velocity, and FFastTrade are the cheapest. They've already been mentioned. There are no others. That's why you haven't been getting a long thread here.

<b>6b. take an elementary school math refresher course.</b>&nbsp; Not only is that math hard to overcome, it's also hard to figure out! (It only takes a 33.3% gain to make up a 25% loss.&nbsp; 0.75 x 1.33 = 1)

Thank you for your expert answer, Mr. Green. It sounds like you are assuming Tom is a proprietary trader. Would your answer be any different if he got a K-1 from a passive partnership investment (say a hedge fund)?

Bingo! You just made my ignore list. If you can't express yourself without expletives, you probably won't write anything I'm interested in reading.

Since the US can find Saddam, I don't think Saddam Hussein ever existed! I think the coalition was relying on phony intelligence!

Yeah, just buy and hold a commodity index futures contract. I think the AIG future is the most liquid one lately. It used to be the CRB index future. Every three months you'll have to roll to the new contract month, but on the plus side, you won't have to pay any management fees. Or there...

What make, model, year car is it, Gordon?

average trade x number of trades per day (week, month, year, whatever).

Zero slippage. Zero correlation with reality.

You can deduct all your expenses on a Schedule C if you qualify for trader status. You don't need to form a separate entity.

I remember that day. I was thanking my lucky stars that I was flat when that happened. (Well, being long would have been nice, but I'm glad I wasn't short!) The Nasdaq was up just shy of 17% that day. Add leverage to that kind of move and it could be dangerous.

Lots of economic indicators have seasonal adjustments. For most purposes you should use the seasonally adjusted amounts to get a picture of the true underlying trend. For example, the 4th quarter unemployment rate might be down from the 3rd quarter, but seasonally adjusted, the...

The Eurostoxx future is, indeed, a good contract, but I think this thread is about futures on ETF's and not on the cash index.

*laugh* That's great!

Can you load a picture of yourself in uniform, EqtTrdr? I like pictures of cheerleaders.

I'll stick with my Trek.

I can see how a toddler can be distracting... But in what way is the nanny distracting? Please elaborate. Feel free to insert pictures. :D

Just short for Fozzie Bear. Are you familiar with the Muppets? Fozzie Bear always says "Wocka Wocka".