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And he's the "conservative." The socialist running against him is already calling for higher taxes on the rich and a war against finance. BTW, per wsj, the socialist is already at 57% in a head to head matchup with Sarkozy.

You're starting to answer your original question. Leverage is the main deal with prop. If you're saying you'll have an ever better datafeed, execution than the firms that use tt or cqg (not sure if there's a big difference anymore), that's going to cost you a lot of money to develop such a...

You talk about value added, so let's look at what you can offer. (1) training -- this is the most important for newbies etc. You can offer basic education and let the noobs learn by trial and error over months (basically the same as reading etc). It's really hard to imagine that your best...

Good response. A lot of people are naive when they want to become traders, and as a result they get taken. The problem with getting a mentor or trader who's successful in trading is that they are next to impossible to find, unless you go the traditional route into a real prop firm. As SteveNYC...

This was really good, bravo. I remember watching classic movies of the 30-60s and how different women were compared to nowadays. This is where I disagree with T_Geithner; women don't adapt to their environment: their preferred environment is what we have today. Notice how every society that...

You need to pay attention to actual consumption habits of people out there. Here's a better way of looking at this http://blogs.wsj.com/wealth/2011/06/22/u-s-has-record-number-of-millionaires/ You got about three million millionaires, which doesn't include people's primary homes or...

You know this includes real estate, right? You don't have to work hard, just HOPEFULLY pay off that mortgage.

I thought you had a good response. A lot of noobs who ask questions about the holy grail, etc should read your response. It really is a crapshoot what'll work for each individual, which makes trading so interesting.

This; though finding a mentor who's any good will be tough.

And cactus trader--are a lot of the vendors the scammish sort you see tied to ninjatrader or are there good ones like Demark, wsj, bloomberg, etc. Are the speakers good or more scammish?

You've got to remember there's a huge demand for computer engineers/coders but relatively few people are competent enough to earn the degree let alone actually do a decent job.

/end thread

thanks for sharing your story. I think it's a good summation of the problems with the current economy. There are jobs out there, but in fields which not many people can do. Software engineering is a hard field that few can master, yet there's huge demand. The problem is that not a lot of people...

This is true and false. A college degree is very overrated. It's basically the new HS degree, a basic credential. The real exception is if you graduate from a top 15 university or top 3 Lib Art college. Those are worth the money for the opportunities. Otherwise you should go to the best public...

How good is MB Trading's platform? They are suppose to be as highly rated as tos, tradestation and ib?

You're right. Black hills, Mt. Rushmore. Sturgis as said above. I was thinking of the Eastern part of the state.

S. Dakota has very low cost of living and lots of banks have operations there. The state is just fine in terms of schools, infrastructure, etc. The problem is that it's cold, boring and not a lot of natural beauty. The point is most of the states with little to no growth are blue states with...

I believe they also have a payroll tax in the city, which is a big deal for tech companies. Twitter got out of it, but some others won't. It's a nice city in parts, but the taxes, regs are out of control. It won't change though; you have to price it in. Worse, CA will have a few ballot measures...

Agree completely. Of the "free" platforms, TOS is hands above tradestation and IB. IB does have its better fees. Pretty soon, there'll be less of a need to go with cqg or esignal.

In a thread filled with numerous great comments, this one is very astute. It reminded me of an article I read before, so for all who enjoy this thread, here's the perspective from the feminist left: http://www.theatlantic.com/magazine/archive/2011/11/all-the-single-ladies/8654/ Two...