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I did not have to put money, not for the prop LLC. What happened is that once Sunguard acquired the firm, they required a 10K risk capital. The managing partners put up that money for all the new guys that just started.

Thats why you NEVER set stops with NYSE

If the stock shoots up, IB gets screwed. Unless they cover their position early or hedge with derivatives. Bottom line, the key here is just simple fees and possible future deals. My bank calls that strategy 'DRAGONs". Cool name. Other than that, it is the same as shorting any stock...

Some of you have come close as to why we are really going to war, but not quite there. A) USA WILL NOT make any money from Iraqi oil. It is not so simple. No freaking way the E.U., China and Russia are just gonna let USA take over oil. It's going to be oil company contracts and in no way...

As someone who was born and lived half his life in Moscow, I have to say that you have some balls quoting one of the worst people in the existence of human mankind.

Is it really luck? All three of us jump in the same stock. Put sell limits 15 cents above. I do not see the guy moving that well, put my sell limit 10 cents above. They do not, they stick through thinking he will go through. I think he might but do not feel it is worth the risk. 20...

UHm I heard from one of their traders who is still there that they were doing bad and fired most of the traders. Then E-Trade acquired them. They are not really hiring, it is really hard to get in there since their own traders are having tight times. Commision may be 0.4 cents per share but...

I just have to jump in here and post my experience, a different perspective. I was about to start with WorldCo, after a recommendation from a friend about the place (although he never really made money). I never traded before them. Met with a Team Leader, this russian guy Vlad (I'm...

I think that a good trading environment is very important.

The Richard Ney book is old, but the basics of how the specialists work still remain the same. Also, the book is more relevant to the longer terms of fake movements nowdays. For example, the last few days are definitely attributed to the specialists. And I'm sure we all have seen a few stocks...

Well yeah, but what he did and is still doing is just way overboard. Being a business, there is such a concept as social responsibility. MS stands for the absolute opposite like destroying innovation and keep PC software in the stone-age because Bill Gates just cannot get enough money...

I do not disagree at all. As someone who knows Ebay quite well, I will comment with Ebay has been getting bigger, hence more problems. In their credit, their customer service has been excellent considering their growth and power (they aren't struggling for buyers or sellers). The fees are...

So then you are saying that anyone can trade/gamble and possibly be successful over long-term?

"P.S. I don't think the specialists make that much money due to decimalization and the bear market. They are getting creamed in volatile markets because of the large positions they take." Yeah so instead of the $10 million a year, they are only making 2-3 mil a year. Poor guys. But...

Good businessman? If his practices describe "good business", then it is a very sad sad sad world. Is he a genius? In a manipulative, evil way, yes. In the sense of making a good product, he is a freaking idiot. Of course he is lucky. He is lucky that IBM picked up DOS. He is lucky...

Have you ever used Ebay?? Ok I sell now on Ebay on the side, not much but it's a small business and it's a great learning experience. Plus, I ALWAYS sell personal stuff that actually has some value and I can sell. I buy quite some items on Ebay as well like PS2 games and small electronics...

"Market is still overvalued" AND "So get those shorts in" Should tell you where the equities are headed unless you can think of any reason why the market should go up, cause I certaintly cannot.

I agree, but I do not even need technicals to tell me that the rally is shortlived and is just making up for the lack of volatility because of the war uncertainty. Market is still overvalued, the real estate/mortgage bubble will soon burst, consumer debt is through the roof, bankruptcies are...

90% of these "analysts" know diddly squat. They are 50/50 on their accuracy. The other 10% just use inside info. You should have noticed that from the tech bubble. Personally, I never look at anything the analyst says if it is even somewhat opinionated (like projected growth rates). But...