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They're a fully backed multistrategy prop b/d run by ex speer leeds member located in NYC. Peer group is First New York and Schonfeld. ~$5-$10m books. Mostly bigger prop daytraders, ex-bank prop traders, PM's, etc.

It really does take courage to be a f&cking pig. Most times smart people just don't have balls. And then there are times cowboys got no brains. That's what creates a market. Honestly I respect anyone who takes the big shot more so than a dime a dozen biz school analyst.

Also, it's a function of the size of your equity. Some people look at this as a marathon and never get rich. Some are more aggressive when they're young when they make their loot. Example is Soros/Rogers when they were full blown short pound or Paul Tudor JOnes when he went full blown aids...

the negativity turned out to be valuable sentiment data.

It's all time frame. If one's time frame is a week, then risking 1% to make 3% is reasonable averaging into a full position over time. If one's time frame is 10 minutes like most people here, you need to be more exact which to be honest is virtualy impossible now. Jr. risk manager used to...

Nice trade. Though I don't know your system, I agree with your outlook based on risk/reward. The risk is for further downside here. You really can't ask for a better setup with a grinding up market last week squeezing out shorts and setting up what seemed like a bulletproof long into a "no...

If you fail at trading, you can get your MBA.

that is marxist. we only live once. gotta take risks sometimes. life isn't all about optimizing the upward equity curve cos within everyone's lifetime, the national system blows up once or twice anyhow and we all go back to zero whether we choose to or not.

once it is lifted, spy will not have a down day for the rest of eternity cos that's all that matters in the world and obama says so

Stick with 2 or more large brokers. Most smaller brokers ie props are run by the scum of the planet.

Why would it open down big. The majority's trapped short into the weekend.

debt ceiling is overrated. national health is dependent on 2 variables. labor and resources... USA has too much of it.. last time i'll say it. all this bailout, debt, armageddon scenario is to save the uber rich and the banks.

Wanting to be people's breadwinner is the worst reason to start a fund. You might stroke your ego better by starting a non-profit and helping autistic children.

because the USA is still the master nation with the most guns

This tea party crap is a transitory invention used by both sides. They threaten default to lower top tax rate to 28% on the wealthy. They divide the conservative vote and insure an Obama re-election. A real republican won't stand up until 2016.

You've got to be kidding me. The brainwash must be much more pervasive than I thought. Glen Beck preaches isolationism and that "we should be switzerland". His gig is to misquote a founding father and lend a false credibility to this and all his ideas. He successfully preaches that founding...

Screw mentors, you get pigeonholed. Go work at a dynamic trading floor and just absorb.

No, I agreed with the original comment that GOP policy has essentially been Keynesian for decades and Ron Paul & the tea party shmucks such as Glenn Beck and Bill O'Reilly who oppose this, are just socialists puking subverted slavery era libertarianism to gain the poor white vote. You may...

Agreed. People like Ron Paul and the tea party aren't Republicans. They're white protectionists who are flirting with the idea of divide and conquer.

None. Single member entities are looked upon as the same as filing without an entity by the IRS.