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I agree. Speculation/profiteering in basic foodstuffs ought to be illegal. Just because some asshole billionaire in US or China can afford to buy millions of kilos of sugar/rice/cocoa, etc, at the cost of some poor people dying of hunger in some other countries, should not give them the right...

Exactly! The crooks at the top keep putting the screws to the working/middle class. UNTIL the top assholes who screwed the US & its middle class start getting 50% pay cuts, nobody will take a pay cut! And no, I'm not talking about the bullshit pretentious $1/year pay ala Pandit/Citi...

I'm sure it'll end....as soon as you buy some calls/go long?

That's the problem with any type of leverage. It magnifies potential gains or losses. In your example, losing $1K of your $10K is a huge % loss. Taking a 'risk' that big is not good money management. Depending on win-loss ratios, maybe 3-4% of your $10K might be ok to lose. If you trade a lot &...

If you check the ECON etf closer, you'll realize you're able to replicate about 35% of its shares with US-listed shares/ADR's. So, how are you going to purchase the remaining 65% of the shares? 35% is not enough. You need at least 80% of the same shares. I do my own indexing & dislike...

And some of you are laughing at the Europeans for protesting??? Shit, at least the Europeans can gather 2-3 million people and really tell the stupid politicians they don't want this kind of crap. Where the hell are the protesting Americans...

Let's have a trade war! Don't you like volatility? I thought traders liked volatility. Much better to have a trade war now than in 5 years.

42.000 in many European countries =42,000 (42K)

Bring on a trade war! What's the alternative? A slooooow bleeding death?? Might as well get it on NOW while the defense dept still functions! The wieners against any "problem" with China are just that, freakin' pussies! The greedy Western manufacturers set up shop there &...

It helps you "persevere" but it's not an "edge". If you have no edge/positive expectancy, money management will just make your bleeding a bit smoother and longer lasting. Not sure if it's any less painful.:D

A market where you can always get in at midpoint is either dead market or nonexistent. I'd rather buy the offer/sell the bid in a market that *moves*.

hot air. Most of these figures are wild and wrong/overestimated guesses. The bullshit now posted on the web is just that, shit. Many times you have to really, really check & double check the sources because they're all garbage. That "story" is another example of the garbage out there.

Agree, problem is many (if not most) prop shops want you to be a hare at all costs. They really dislike tortoises. It's not part of their business model. Majority of new guys don't have the capital & discipline to trade the longer time frames. Another funny thing with daytrading is that...

Oh, so it's the leverage now? $6 mill bp from $20K? At Schwab???? Seems he can even do modeling while at his Schwab desk... http://www.gq.com/style/suit-guide/201004/shia-labeouf-photos-wall-street#slide=1 He's up 50% since March! This guy is better than Soros or Jim Rogers. Those guys...

After this LeBeouf bullshit, I don't think I'll ever watch any Wall St crap. Fucking liars.

That's because he was busy at Schwab.:D :p :eek: Forget talking to Chuck. You talk to LeBeouf, he's the man!!! I think Schwab just found a new spokesman for their commercials.

Shit, no wonder the politicos have their way with the country. Look at how gullible the population is! Don't tell me, you bought ahmadinejad's speech at the UN too! Hussein's WMD's? Bush's bullshit? I guess you buy Obama's teleprompter crap too?!

Since the FED & US government & top banks are all part of the same lying clique, it takes a foreign central bank / government to set them straight. Wonder if the courts are in on it too?

Yeah, I can see Roubini giving him a tip... "LeBeouf, you short this fuckin' market to zero. That's where it's headed." If he listened to Soros, he would've been changing his mind daily. Trump would've overloaded him with real estate. Did he mention Chanos? LOL! Jim Rogers. Had to...

What "pro" opens an account at Schwab?? He was lying, that's all. Otherwise, it's not profit he's talking about but maybe capital in the account which he may have deposited after and did not disclose in interview.