Search results

On the IB friends and family account you can setup management fees, etc that will be transferred directly from their accounts to yours.

Sure they will all get something, each one will probably get a nice pork project added on to a tax payer funded bill. Obama's cronies already have the money they think they are gonna make from the sub prime buy back spent.

The guys who have traded and been succesful for years have earned respect but I also respect a guy like this who says "you know what, i've had enough of working, i'm cashing in and not doing shit anymore". I would like to do that some day. Sounds like he is getting out at his top too. Had a...

IB can set you up with an account to do this. Basically you trade and it allocates a portion of each trade into each persons portfolio.

Long stocks and calls at this point. Ready to trade whatever the next big move is. Will cut losses if we break support and take some profits on any big moves to the upside. There are some great longer term buys in this market that I took advantage of in the past week. I It takes a strong...

Thats good then, sounds like your strategy is scalable. Still, go the friends/family route. If you do well they will tell friends, who will tell friends and before you know it you will be managing a nice amount. Then when you have an investor base and a good amount of capital you will be able to...

lol calm down trading god....you still live with your parents and you've had two good months, don't get ahead of yourself!

You might want to reach out to family and friends and get your AUM up as high as possible, do that for a couple years and then get the audit and start looking for outside money with your track record and hopefully good references from the original investors. Word of mouth is probably the easiest...

TA doesn't work in this market. Just try to trade with the trend, it seems to blast right through any support/ resistance.

Get this- cheaper and easier. works great. http://www.usb2dvi.com/

They trade with hundreds of brokerages, obviously all of the big banks and many specialty shops so that they can get access to their analysts/research. A great deal of their trading is electronic now, lots algorithm and dark pool executions.

Great they are going to ruin it. I bet it's about as good as American Psycho 2. You can't have a sequel to a movie like that.

He day trades stocks and the emini in big size. He has an army of portfolio managers and analysts who trade their own accounts funded with his money but really exist to run ideas past him so he can cherry pick the best, and publicly berate the worst. He uses technical analysis...

I'm pretty sure Paulson was forced to sell his GS shares when he took his current post. Lehman and BSC were both badly managed and were hemorraging money, they deserved to fail. Bear got bought for a fraction of it's worth and most of it's employees got fired. Lehman went bankrupt but Barclays...

Stay in school, open an IB account and start trading small. If you are profitable or manage to break even then give it a shot with a prop firm after graduating and if it doesn't work out you have your degree to fall back on. Going the prop route you will pay for training, which is of...

People were retarded last week, they actually thought Goldman and MS were going to go under. MS is up ~300% from where it was last week. No more large US banks go under from here. Bear and Lehman made bad bets and were losing money hand over fist. GS and Morgan were making money, there is a...

SAC doesn't get any kind of special info, they get the same research as everyone else. They are privvy to more flow because they can and will usually take the other side of it. If you could take down 5 million shares of something that a broker was trying to sell for a mutual fund then you would...

People seem to think he is some kind of market god. He is a great trader but even with all his analysts and research he doesn't have a crystal ball. He lost a ton of money when the market turned last year because he didn't see it coming. SAC is a big, big fund now. He has positions in 100's...

What does "doing things on the side" mean? Delivering pizzas until the new bull market starts?

hahah great stuff, here is another site I stumbled onto...tons of them here! http://sadguysontradingfloors.tumblr.com/