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The same "experts" who were telling you to buy 3-4 years ago are now saying it's a horrible investment. What's new?

It's only a recession for lower/middle income working class.

Or Phoenix. :D

He'd rather give the money to a defense 'contractor' to build a few more rockets/missiles to kill 'the enemy' in Pakistan. Hey, is Vietnam still your 'enemy'? It seems the US navy has been cozying up to them lately. Look at how much that cost in lives/money!

What enemies?! Much, much cheaper (& less painful) to spend $100-200 mil in some disaster relief aid than to spend $1 trillion & years fighting with only thousands of dead soldiers to show for it. The return on disaster relief aid in terms of goodwill created is *priceless*.

Market action in last 3 days completely sucked. Big money is afraid of being long here. If far east goes down overnight, things could get ugly tomorrow/next week.

When is this mega monopoly game going to stop? The result of bank mergers were disastrous. Mergers of these types of enterprises are dangerous financially and a potential security threat. What if/when BHP or RIO end up in the hands of the Chinese? They're already a monopoly in steel...

http://www.interactivebrokers.com/cn/main.php http://www.interactivebrokers.com/en/ibglobal_sites.php

My point was that once again, the rules were changed so that the black boxes/algo traders/HFT's could trade faster & generate more fees for the exchanges. Now they don't have to bother with a stock trading on an uptick in order to short it. It's just 1 of many rules that have favored those...

pattern daytrader rule was their 1st attempt at getting rid of the little guy. Since that was obviously not sufficient, they came up with more... Removal of the uptick rule. (hi speed systems now don't need to check/wait which stock is shortable or not). Reg NMS. (HFT's now don't need...

Admit it, over the last 3-4 years, the SEC and the US exchanges introduced rules that favor those with close proximity/co-located in the exchanges. They also removed barriers that used to be in place that slowed these systems down. They usually do in the name of benefitting 'the little guy'...

How about increasing the SEC fees/tax just enough so that many of the 'games' are no longer profitable?

How does one go about converting from a series of individual pc's like in the referenced pic to a 'rackmount' type of setup? What are some of the 'important' decisions?

Neither one of those trade European stocks. Also, most Euro stocks have a 'wide' bid/ask, are low volume & not very suitable to daytrading in current environment. There are some good prop firms out there but fees are high and will usually want $100k deposit. Also, execution platforms are...

$150K ain't gonna buy you a 'superstar' trader. Maybe somebody whose strategies have died out and needs some income asap, but not a guy who's got a 'good' system working. It can buy you a smooth talkin' recruiter, though! But yeah, still better than paying newbies $2-3K/mo to reinvent...

As soon as you pay somebody, you're automatically flooded with 'dandidates'. You'll spend your time reviewing applications.

Yeah, and when a 'superstar' comes up, he'll think he owns the place, demands all kinds of xxxtras or just takes off leaving you empty-handed except the others you keep paying. That's why there are more security concerns at some of these shops than guarding Fort Knox.

If you're only going to have 3-4 traders at a time, are you going to let go of 'winning' traders too? If so, after what amount of time? After you let them go, who owns the winning trader's strategy? Are they signing some non-compete?

109.40

SHAHZAD, is that you? http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0401563&case=09BCC00025&contrib=NFA :eek: