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Correct. Share price is an increasing function of time b/c not all the earnings are paid out as dividends. Retained $ increases equity. But this effect is minor compared to the limited libility issue.

Yep, that does sound like a good card. Except the GM cars suck :D. Otherwise, I'd proudly carry it in my wallet. I wonder why BMW doesn't offer those cards? Hmmm. Could it be b/c they don't need to spur their sales that way? :D I'm just kidding guys. No need to flame me for trashing GM...

Nope, if the card is not part of the visa/mc franchise, the vendor has to have an agreement with the issuer. Magnetic strip is insufficient. Go abroad and try using your atm card without a visa/mc logo. Anything that is "pre-paid" is a waste of money. The only benefit is that of occasional...

If I remember correctly, it's SEC driven - those PDT conspiracy theory threads probably have more than enough info on this matter. It obviously couldn't be a broker thing b/c brokers stand to only lose.

I find your signature offensive. Mechanical systems is where most really big $ is made, in case you don't know. I know of at least one firm that employs only about 60 people and is accountable for 3% of the US trading volume on all exchanges. The only thing they do is program trading. FYI...

What I meant is that the new definition is that of the PDT rule. Whether that rule applies to the IRA account or not, I'm not sure. It could be that it does but is not strictly policed in eTrade. Elsewhere, it's quite strict. Thus: <i>By this definition, buy three stocks on Monday, sell...

You've answered your own question. Welcome to the post-PDT world :D

1) Stock price distribution can't be normal b/c it's truncated at zero. 2) If you looked at stock returns instead, a lognormal will fit better - returns are positively skewed b/c of limited liability. Most you lose is 100%, the sky is the limit on the upside. 3) Kurtosis is a measure of how...

... and to the extent that those "supply and demand" forces are random, so are the prices. There's a caveat though. Random is in the ex ante, not ex post sense. Ex post you'll look at the signed volume and say, ain't no way this is random, look at those consistent buying/selling pressures...

I don't see how that supports your nonrandomness point. Take a completely random variable distributed Gaus/Normal. The fact that the observations will lie within say two standard deviations most of the time does NOT in any way make it seem less random :D. In other words, while the process...

47% in dollar value or in number? I assume they meant in number. Dollar volume might actually be higher. I almost always do reserve size with only a minor portion visible and the rest hidden.

It is a universal truth. It's called "adverse selection." The likelihood of a limit order being filled is much higher at times you'll regret it was filled :D. In fact, theoretically speaking one of the three components of spread is what the MM's charge to cover the expected losses from...

Hey mrmkt, funny you should say that. I was just thinking about you. I remembered you and I exchanged a few posts on the benchpress subject about a year or so ago (I think it was one of those piss fights that are omnipresent on ET and ended not well :D smth like me inviting you to come over so...

Same here.

Exactly. Never took anything and bench 405 (weigh only 173). Seriously. Oh, yeah, I did take aminoacids when I was a kid :D.

4 hours a day is a waste of time. If you work out more than 3 or 4 times a week (and more than a couple of hours each day), your body gets used to it and the muscles stop hurting/growing. I personally work out 3 times a week about 1.5 hours each time. Used to do it for 2 hours, but it's hard...

That IS a great feeling. I agree.

Hey guys, I think I remember there being a thread about this, but after having all that Thankgiving food, I'm too lazy to dig it up. The thread was about what music people listened to when trading. I have found this really cool trance/techno station that does it for me. It's at...

Also, don't forget that many of those are new immigrants, who, if I'm not mistaken, get a passport by default when they get citizenship. BTW, according to some stats I once heard on Jay Leno's show (and he always checks, rechecks, and double checks his sources :D) half of Americans can't show...

Why wouldn't someone trade just b/c it's a shortened session? If something passes the filters, I don't care how many hours the session lasted before that :D Of course, it's less likely that smth will pass those filters given fewer trading hours.