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My guess is that the money was genuinely lost. In an attempt to make back money lost and not reported, it all just got out of hand. His securities company seperate to the hedge fund would have been making almost legitimate cash (if you ignore churning). But as you said, the thought did...

I agree. He just hit a bad patch. He will no doubt if given the chance make it all back.

I heard one or two Russian Oligarchs got taken too.

http://www.youtube.com/watch?v=69gGbi1wZ1A a 2 hour youtube clip. Bernard Madoff starts talking at the 25 minute point

I stick by my post. If you really feel you can average 15% or more per month, then borrow $10K. Give it your best shot. If it doesnt work and you realise that there was a fundamental flaw in your idea then it cost you $10K, take it as a lesson learnt, get a job work hard and pay it back. If...

Borrow $10K, use your system to generate 15% per month and you will have $1.5 Million in 3 yrs. When you can generate returns of 10% or more per month, no need to market for funds to manage. Be patient and don't be greedy; go it alone. Put your money where your mouth is.

THe Guy is a Yank, trying to impersonate an Aussie and it comes off as a British Yank blend with the occasional Aussie tone. I watched less than 1 minute of this crap.

I would agree with you, for 2 reasons: 1) The relative impact on your average US citizen will be greater than on the Chinese counterpart. As long as there is subsistence food for the Chinese they will be calm'ish, where as the US citizen will crack long before he can't feed himself. 2)...

My call is a strong finish for the last hour trading today, So if we can hold Dow 8230 'ish and higher for the afternoon, we may even get a positive close

Germantrader aka Eaglefutures08 you have really made yourself look like a piehead with this thread. But i see you have a thick skin and continue on, or maybe you did cringe when you realised your mistake and now just pretend that you intended this to all be a game, i suppose that would be your...

Front month is the closer expiry and back month, is further out.

Hi CPTrader What DMO suggests is the way to go. Its a good idea to have some software displaying your greeks and exposures too so that you are ontop of your positions and can make decisive trade decisions if your forecast event occurs. In current High Implied Volatility environment what...

South AFricans can buy or sell Kruger Rands through their stockbrokers on the Johannesburg STock Exchange for T+3 delivery. The closing Bid ASk on Friday was R8100 to R8250. There are R10 to one USD, so South Africans have the privilege of picking up coins at pretty much the spot price...

I'm not a Perma bull, nor a conspiracy theorist. However, this credit crisis has dented the likes of Russia more than USA in some ways, and I am sure the CIA are enjoying watching Russia's feathers being rustled, a little reminder to them who is still the Bull in the pen. Its perfect economic...

I would guess in times of low implied volatility he is long the wings and short the guts, but net long more options than he is short. After a huge event like the recent one when implied volatility spikes he will have huge mtm returns from being net positive vega and long gamma. He will probably...

No, you are the trader guru, as your post says. Good traders never need to a amend orders fuck nut.

Hi STeveG Welcome, yes you are correct in what you say about IB. Where an exchange does not charge a cancellation fee, then IB does not pass it on, but where an exchange passes a cancellation fee then IB passes it on. Whether a cancellation fee is charged or not for amendment of order and...

It might be that Daniel and his mates (who have too had their accounts frozen) have been picked out by an IB algorithm that searches for patterens where 1 counterparty (Say Daniel) buys a stock(an illiquid one) during illiquid times from another counterparty (say Daniels mate) at an inflated...

"Democracy is the worst form of government, except for all the others that have been tried" Winston Churchill

What a Dickhead remark