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Still holding 40 contracts of QQQ naked calls. :mad:

Investor's Business Daily Tuesday January 20, 11:25 am ET By Brian Deagon The National Science Board and a think tank of tech executives recently warned that the economic vitality of America is threatened by a lack of U.S. graduates in science and engineering. Also, the Bureau of Labor...

Just curious. Have you applied for a business loan from the banks ? :)

I thought the two sides have settled the dispute long time ago .......... ============================================================= Thu January 15, 2004 06:28 AM ET BRUSSELS (Reuters) - The European Union, risking fresh tensions with the United States, Thursday asked for the go...

Hi Cathy, I think two choices are enough. Should the third option:"Other" be redundant ? :p

Fri January 9, 2004 03:45 PM ET By Jonathan Nicholson WASHINGTON (Reuters) - The year 2003 was the most difficult for U.S. job hunters since 1983, as they faced the gloomiest job market in years, according to Labor Department figures released on Friday. The unemployment rate was the...

Agree. Like coming to the trading desk everyday before 7:00 am, taking abuse from the traders, no time to do programming at all because of all the support issues, etc. One of my friends, who has a Ph. D Physics degree, quit within one week. (The traders kept on yelling at him everyday.)...

That probably is not a good example. USD and CAD are highly correlated. Currency trades usually settle with two business days, whereas USD/CAD trades within one. I know that a cash settlement team at one of the biggest Wall Street firms hedge the risks for holding all foreign currencies using...

IMHO: A trader needs to create and implement a strategy that matches his/her personality. Trading is like personal creativity. It is a manifestation of our characters, imagination, etc. Different people work at different paces; have different comfort levels, different amount of trading...

Hi, I hope you are right. I wrote 50 contracts of QQQ uncovered calls.:( All of them are in the money now. If QQQ goes up for another three or four days in a row, I have to say "uncle" and cut the loss. :p

Sent you a Private Message. It is getting off topic. :p

I had about $90,000 of trading capital at the beginning of 2003. My main strategy was to sell out of money Put options of NASDAQ stocks. Being ignorant of the risk, I tried to use up 90% the option buying power few days before expiration. It was a stupid move, as I would blow out my account...

I took a leap of faith fourteen months ago. Trading is my only source of income since then. Although my capital gains in 2003 is less than 40% of the salary of my last job, it is good to be the boss, and control my own destiny. Besides, I may do much better in 2004. :p

Agree. I mentioned four friends in my previous post. Two of them are database developers. One works on Sybase; the other Oracle. :(

You offset the short-term capital gain with the short-term capital gain first. In the above example, I *** THINK *** you only pay tax on the long-term capital gain: Capital losses are used first to offset capital gains. If there are no capital gains, or if the capital losses are larger than...

At that time, J_Ping_Pong Morgan had so much money that he might actually caused the stock market to crash, when he started to pull out. :p

Agree. One of my friends talked to a famous analyst at Wall Street one year ago. That guru predicted that the US stock market would crash big. When that hot-shot turns bullish, it is time for me to short stocks, and sell tons of call options. :p :p :p :D :D :D

It depends on the job requirements and the companies. If you applied for a C/C++ developer position at the FAST group of Bear Stearns few years ago, they usually asked you a lot of questions about matrices, for example, how to create a two-dimensional matrix on the heap(no STL please:D), how to...

To certain extent, that is true. If you think that candidates for Java positions are bad, try to conduct some interviews for C++ programming positions. It will be even worse. I do have my own share of terrific experience with highly paid programmers and IT consultants at Wall Street. In...

One of my programmer friends made over $100 k annually between 1998 and 2001. He was laid off by Chase in October 2001(few weeks after 911). He cannot land another job. He'll leave US for his motherland next month. Another IT consultant friend has been teaching in a Community College since...