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Sounds like a trader who will look like the greatest trader when luck is on his side. But when luck runs out, he blows up. This happens when the trader lacks concern for consequences.

One thing I don't understand. Why didn't the non-disclosure agreements protect him? Not that I care in his case but NDAs are common everywhere else. Why aren't NDAs effective? http://nypost.com/2017/11/03/portfolio-manager-accused-of-raping-beating-women-in-penthouse-dungeon/ Rubin — who...

I have a theory that great traders/investors need to be psychologically balanced since this game is very much a psychological game. Those who aren't will blow up. Psychos have no chance surviving long-term. No old, bold psychos in this game. I check out this psycho, Howard Rubin. Indeed, he was...

I agree but for goodwill reasons even to non-paying customers, don't pull the rug under our feet without warning. Nobody likes that.

Looks hypocritical for UK to oppose since UK has the highest FTT in the world. 0.5% stamp fee. Want to oppose, scrap your 0.5% stamp fee.

Haha. You're being unreasonable. The data was free to start with. However, what Yahoo did wrong was to pull the plug immediately. At least give some warning so that the customers can look for alternatives before this nasty surprise. Now, everyone is left vulnerable and fighting in the dark...

I was wondering if something was wrong with my PC. Now, it is confirmed the problem lies with Yahoo server.

Are index futures affected? I get the impression they should not be because index futures do not pay dividends.

I wonder if Interactive Brokers accounts have been victims of this scam. As a client, I am worried when I hear horror stories like these.

This is why the U.S is still the number 1 dynamic economy on earth today. At the risk of offending many elite traders here, I would say entrepreneurs are far more socially useful than traders. The former create wealth. The latter distribute wealth. I am the latter. The world will be better off...

Thanks for your generous sharing. While it looks short and simple, I have trouble digesting some parts of the strategy. If a trader tries to sell resistance, he will be whipsawed if the stock breaks out subsequently. Would it be a good idea to remove "Sell resistance"? Or remove "Chase...

Sounds like it was mostly luck. Hunter suffered bad luck through an unexpected Hurricane. Arnold went in for the kill when the enemy is down.

It sounds like whoever had more access to a larger credit line won.

Brian Hunter is the trader. Surely for every trader, there will be a risk manager who will look over his shoulders to make sure the trader does not make the classic mistakes like excessive leverage, excessive large position size relative to liquidity etc. Furthermore, Hunter was not the boss of...

The A.I fund was launched on Wednesday and the news article was written on Thursday. Is it meaningful to make judgement on a one-day performance? The journalist simply wanted to create sensational news or was paid by the fund to advertise. Bad article.

Thanks for sharing. Do you mean the phones were jammed instead of internet speed suddenly degraded? I was a kid then and don't remember internet being around at that time.

In view of the 30th anniversary of the 1987 Oct crash, can elitetraders who traded during 1987 Oct crash share war stories how they survived, prospered or got burnt? I am personally more interested of stories of elitetraders getting burnt (hopefully recovered by now) because they carry higher...

The hedge fund managers are getting rich but is it at the expense of their clients? Asset under management hit new record but how about clients' profits? Where are your customers' yachts?

https://www.tipranks.com/hedge-funds/jamie-zimmerman Portfolio gain since 2013 was -29.2%. This fund is better off dead than alive to investors. The only beneficiary from the fund's existence since 2013 is the fund manager only. I wonder why so many so-called professional hedge fund managers...

I heard some Australians complaining about the forex transaction costs charged by the big Aussie banks. IBKR charges close to spot rates while the Aussie banks charge around 3% based on what I heard. That is a rip-off if true. The really skeptical are raising conspiracy theory as to whether the...