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I agree and hope their "market analytics" is of a higher caliber when it is being presented to paying clients.

Why wouldn't you just use limit orders? Sometimes a trade just isn't meant to be and at least with a limit order, you don't get a bad fill. Another trade will come along. In fact, I've seen research that shows traders who use limit orders are, on average, more profitable than those who use...

"Warren said while all the details of the trades are not known, banks should not be taking risks – risky trades should be left to financial institutions like hedge funds. Warren said she has been warning for years about the risks posed by larger and larger financial institutions." I'd like...

Ask 10 'market experts' "why?" and you'll get 10 different answers. By the time you sift through the reasoning and data for each answer, any potential profit opportunity is gone. That's why you need to plan in advance, so that when something happens, you are ready to react. If these moves really...

It's funny, but this is actually the answer. To the OP, take the time you have been using to think about "discipline" and use it to enhance your strategies. As your strategies get better, your discipline will magically get better also. Every time you find yourself complaining to either...

He "could" have not paid any income tax, but, in fact, since he is already on record as having sold $250 million in Facebook equity, including already paying the taxes on it, since those sales were prior to his renunciation of citizenship, he didn't, although I guess you could say that...

The other thing to consider is that this guy's a lot younger than I would think most of his critics are. He probably sees the ass-raping he'd be subjected to over the next 3 decades as Federal deficits go parabolic with the coming retirement of the Baby Boomers and says "no thanks".

Wow, and for every rule that "subsidizes" a startup, there are 100 rules that an established business can exploit. Do you really think that "special depreciation" is solely available to startups? Or "writeoffs for losses"? Yes, the actual section of the code may be different, but the principles...

Agreed. If it's so obvious and simple, just trade alongside them. Trade with super-duper leverage, too, since it's such a sure thing!

Considering that he hasn't worked at Facebook for a while, he must have been doing something to draw an income. Given his standing in the technology world, I highly doubt that he was working for free and he seems to have no problem coming up with the cash to live a jet-set lifestyle. Might he be...

Why are you ignoring the fact that he's already paid his taxes during the years he was doing those things? Seriously, does that count for nothing in your eyes? Because, to me, it seems like his invoice for the costs incurred during the time he lived here in the US can be marked "paid in...

"Predicting", in the absence of a well-specified trigger with historical probability data backing it, is useless in general, but seems to be the thing that attracts most people to trading. Even once a trigger has fired, there is no way to predict the size of either the gain or the loss from...

Having a billion dollars makes the concept of "living" someplace obsolete. Why would he ever spend 90 consecutive days ANYWHERE, much less "live" in one place? For someone whose life will probably consist of non-stop parties interrupted by high-level 1-2 day business meetings with potential...

Paid for by tax dollars IN THE PAST, including his own. By giving up his citizenship, he is denying the government any FUTURE tax revenues from his capital gains. Are you people so blinded by your desire to get a cut of his income that you can't even see that extremely simple distinction? If...

Right, and I should have noted in my post that none of this is simple in any sense of the word. Even trying to be the "smartest dumb money" is extremely difficult and required every ounce of intelligence and dedication I could muster. I think you give the algorithmic guys a little too much...

Technically, you don't have to beat the "experienced traders at all the major banks", you just have to beat the other losing traders to whom those bank-based traders will be selling or from whom they'll be buying. The niche between the "smart money" and the dumbest "dumb money" is profitable...

Obviously, no one in this world is infallible, but I'll go with the odds that a person who's jumped through all of the hoops necessary to be in a position to be advising this guy is probably someone who's right more often than he's wrong. Something tells me that whoever is advising him...

Right, but not dual citizenship with the US exclusively. I'm sure many of them chose other countries which are more hospitable. There's nothing stopping Saverin from getting another citizenship with, e.g. Switzerland.. Again, the guy has the ability to procure advice from people WAY more...

There's a reason it's called "the exception to the rule". But, it's nice to know that the simple-minded among us can still find the easy exception to try to bolster their argument, just as I anticipated. Moscow has more billionaires than NYC. I guess they are all too stupid to realize they...

All those billionaires who had the unfortunate luck of being born Russian or Middle Eastern must be lamenting their lack of US citizenship. Guys, there's a great big world out there beyond the US. You might want to look into it.