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stops and position sizing are necessary to prevent wipout on any given day regardless of what the market does. You have to do it, even if you can find a theory that says it hurts your profits. Well, it doesn't hurt your profits if it prevents total wipeout. Any system that allows for even the...

this whole thread has become a testament to the sucker instinct. I've got it too, I want to hear "the secret" even though I know there isn't one.

There are some books out on him, one of them by a guy who worked for him for a couple of years. In the books, even the one he authorized, it details how he was primarily a front runner and was investigated by the SEC numerous times but managed to stay out of jail. He would intentionally churn...

I would like to know more as well, I find that very few people undertand how or why this works and nobody wants to explain it.

the thing is , they obviously knew they were doing simultaneous buys and sells for their own account and since they all had to get licensed, ignorance of the rules is no excuse. $19k is no big deal, but being willing to break the rules and then fighting paying the fine IS a big deal, because it...

yeah dis, I don't doubt it. In the longer term things look crappy for stocks, but it has come out that the fed is buying stock index futures on dips like the wcom dip ( yes, thats right stock index futures, i didn't beleive it the first time I heard it. Look on the thread titled "plunge...

I use optionsxpress and they give good customer service and fast executions of market orders. Also there is no account minimum at all, you can start with $100 if you want. There also are no hidden fees or fees for inactivity. If you are a once a month type of trader or have less than...

I think that situation in the previous message is very real and happening right now. It explains a lot about the rapid decline of the dollar vs. the Euro which has been unusually large and steep. It also explains why the fed has been forced to intervene along with the bank of japan ( the two...

Warning, Hypothetical situation to follow: *************************************** Lets say i was a hedge fund operator in london trading the s&p 500 futures. Lets say that I knew all about the wcom news and my TA said things were going south anyway, so I took a large short position. From a...

its really strange how he ( soros ) made his largest single killing by fighting against british bank intervention in the Pound and winning. He told his critics who considered him a parasite that the markets should be free to seek their own levels and he was just going along with that. Now that...

We've got follow through to the upside and it looks like we are headed for 1550 on the nasdaq composite. Gold stocks are looking risky, there is still a good negative correlation with the XAU and the nasdaq.

someone else created a thread about the fed manipulation of the markets. He was claiming that the fed was actually buying stock, and he was ridiculed by everyone, and I didn't believe him either. Now I have looked into this a lot more and I see that he was onto something. I strongly...

Window dressing is definitely a real occurrance. You can also add in the fact of new cash being automatically added to pension funds at either a monthly or quarter end basis, and we have both happening at the same time. I strongly suspect that it all doesn't happen on one day but over several days.

I was trying to play QLGC with long calls the day before wcom crap hit the fan. I bought puts and now an long a straddle on QLGC since there is a lot of uncertainty about direction but no shortage of volatility. I just hope it moves enough in one direction so I can get out soon. By the way...

that's interesting, thanks for the info. May I ask which firm you work for ? If I could get a real job trading the firms money and a consistent strategy I might change careers.

well good luck, let us know how it works out.

ok, i'm not a daytrader, what are bullets ?

bono and lundy, just agree that you disagree and leave it alone. About dismissing things.... There was a point when I first got out of college with a degree in economics, when i totally dismissed all technical analysis as crap, because that is what they taught me in college. My idea of a...

ok, I'll throw my two cents in about the zero sum theory. I don't think that the stock market is really zero sum because some companies out there really make operating profits and have retained earnings and pay dividends and go up over long periods of time, and most people who buy stocks are...

I am not an expert on prop firms, but it is obvious to a sceptical thinker like myself that most of them are really just brokerage firms trying to scrape off the most profitable cream of the retail business by telling their customers that they have a "job". A job is when you get base pay and...