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    Buying call spread without closing exisitng position

    There is some kind of mental block people have with this concept that having two equal and opposite positions open gains you nothing over being flat. You see it all the time with forex people, who call it "hedging" not knowing what that really means and can't be convinced that paying double the...
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    I am predicting that US stock markets will have to temporarily close in the next month

    Where did you manage to get ahold of tomorrow's job numbers? If the consensus is that they're going to be poor, then that's already been priced into the market today.
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    Fully automated fast food restaurant opens in San Francisco

    Actually it's not fully automated. Food prep still done by humans, just no cashier and they have it configured so it looks at first glance like nobody is home.
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    Why the fed should be audited.....

    I've been pretty heavily involved in both public and private sector audits, coincidentally conducted by the GAO and D&T, providing data for auditors, and have had my own company's financials audited, so while I don't hold myself out to be an expert I'm certainly not regurgitating "claptrap" I...
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    Why the fed should be audited.....

    I'm genuinely curious if the "audit the fed" crowd is being willfully ignorant of how often and by how many different parties the fed is actually already audited, or if they really can point to exactly what needs auditing that isn't currently audited? Not only the GAO, but Deloitte & Touche...
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    Did the e-mini have a trading halt on Monday

    Does anyone know if the Sep E-mini had a level 1 halt on Monday, the 24th and if so, exactly when it occurred? I have a broker who just got back to me on why an order I placed was rejected, saying it was because the e-mini was in a trading halt. However the CME site, unlike the NASDAQ site...
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    The Hedge Fund guys are getting away with murder - Trump

    If you look at this "volpunter" guy's past posts you see that he spends his life purposely picking fights, which then devolve into him calling everyone names and bragging about how rich he is and what a loser his current opponent is. Very reminiscent of 6th grade, or a certain American...
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    Wrongful Liquidation Scam

    I'm interested what the outcomes were for those who took legal or arbitration action against IB? I ran into the 50:1 rule for the first time this AM. I had only debit spreads on SPX open in my account and cash, meaning I'd already paid the max I could lose and still had plenty of cash sitting in...
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    New York State and City taxes on futures trading

    You must not be a U.S. citizen? For US citizens, income is taxable worldwide and you can't set up a foreign corp to get around it unless you do some pretty complicated stuff that includes a company which derives the majority of its profits from non-trading operations or the company is majority...
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    Credit Suisse Crossfinder Dark Pool Targeted by NY AG & SEC

    " the firm that is ordering the regulatory hits on its biggest competitors until it takes them all down one by one, in a New Normal replica of how Goldman destroyed Lehman back in 2008." Otherwise good article until they threw this line in. Newsflash, Lehman wasn't destroyed by "regulatory...
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    What is the most common investors mistake?

    What does that even mean "beta has increased with all the growth in ETF investing"? Beta is a measure of how much a strategies returns are correlated with the overall market. It doesn't make sense to say the market's beta is increasing, the market's beta by definition is always 1!
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    Is there any value in research papers about trading strategies?

    First, if you can't submit your "edge" to the rigor required to published than you probably don't have one and you're just data mining or on a lucky streak. That doesn't mean you need to or even should actually publish, it means that you need to subject yourself to that type of rigor or else...
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    Educate me on the ipo process?

    The vast majority of growth type companies, i.e. innovative startups vice restaurants, dry cleaners, etc. get their first substantial funding from angel investors or VCs. If you haven't done this before you usually start out with funders savings and maybe some friends and family money to get to...
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    What is the most common investors mistake?

    +1 on the first and third item, but on the second... Its so nice when they let you know that you're at the bottom. Since no-one does and all the research shows it's not possible to predict, this advice is along the same vein as "you should buy low and sell high".
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    The US gets gouged on cell phones

    That's how it works. I would think the wait would be pretty short by now, but who knows, they may be trying for that "exclusive club" concept still. Good luck!
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    The US gets gouged on cell phones

    I signed up for the invite the day it was announced and it took several months, not sure what the wait time is now but you might as well sign up as its free and you can always ignore it if you change your mind. You buy the phone at the same time you sign up for the service once you get the...
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    The US gets gouged on cell phones

    Its 10/10 so far. The only catch, if there is one, is that you have to buy a Nexus 6. Otherwise its exactly what you describe, $20 plus $10/GB and you only pay for what you use. I'm not sure why they have you "sign up" for a certain number of GB, you can really pick any number you want and you...
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    What is the most common investors mistake?

    Not having read the large body of literature on market efficiency.
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    The US gets gouged on cell phones

    Hard to defend the cell companies, but in all fairness there are two things at work. First, the rest of the world requires you buy your phone up front, in the U.S. the phone cost is priced into the plan, ergo plan price will be significantly higher. Also, the population density of the U.K. is...
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    www.ibinarytrade.com 4 Sale

    What's your EBITDA on the site? Hard to value it without knowing what it brings in. Doing a backlink search (link: "ibinarytrade.com") shows no real backlinks, and it doesn't show up in organic search for any binary type search terms, so it would be surprising if it had the revenue to support...
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