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funny how you characterize Citadel as boiler room? Citadel is one of the largest market maker, hedge fund, and finance operation on Wall St. They hired some of the best people. Funny how ET thinks. hehe

The Nobel Prize winners you are talking about were from LTCM(Long Term Capital Mgmt). Totally different hedge fund. And they were Nobel Prize winners in ECONOMICS. Rentech is run by math, physics, cs, hard science people. Totally different approach.

Hillary doesn't have a team of the very top PhDs in math, physics, compsci, astronomy, etc. With tight risk management, fast execution, you can do wonders.

Mark my word, Rentech is the ULTIMATE daytrading fund. The general public, including academics, think you can't make money daytrading. Rentech makes billions basically daytrading to swing trading. But most of it is daytrading using highy automated computer trading systems with superfast...

I don't think it's possible to pay down the debt at this point. They keep printing more. Exercise in futility and it will hurt the non-billionaire class the most. Better focus on economic growth and stop the damn the printing press.

That's the definition of stealth wealth. https://www.elitetrader.com/et/threads/stealth-wealth.351859/ Normal people don't understand this world. Let them think you are part of the 9-5 crowd, act normal, and don't flash your wealth to them. You can enjoy it yourself, but definitely do NOT let...

This is why I'm holding off on refi my mortgage. I have this unfounded(for now) fear that as soon as I refi that US rates will go negative in the next few years. My mortgage rate is low enough already. Rather than refi then refi again, I will wait. Since my trading returns > mortgage rates, I'm...

Everytime the dollar moves up just a little, gold takes it under the chin. Not even a big move.

this market is a scalper's paradise. so much action and moves.

Yep. I feel the best action now is in equities market and direct participation like going long or short. Using gold/oil/vix hedges are not a good match.

In these volatile and crazy times, one would think gold should be going up. But of course, it gets bitch slapped like every other asset classes. Just an observation. I have stopped trading gold a long time ago.

thanks Mark!

good suggestions. They are not as balded as asking directly about net worth. But when they talk about vacation plans, I add that my wife and I plan to travel to X, Y,Z as well. And they looked very surprised. How can this be? I don't owe them anything. lol. I'll probably pay off my current...

I'm ALWAYS humble when it comes to the market. I've been plenty humbled BY the market. Expensive lessons over the years. I'm talking about personality to deal with other a-holes in the world. Not about $ or trading. Just how to be self assertive.

We live in the same city. The most competitive sister lives like literally 8 minutes drive from me. My family is very close to each other. She invites everyone over for dinner pretty regularly. She's obviously very showy. More humblebrag. Just to be clear, I love my family and we are close...

I want to clarify what I meant. I make more trading in a day(which can be as short as a few minutes to a few hours) than what most corporate jobs would make in a day or month. Since I'm a daytrader I think in terms of daily profits. But I can see one day it happening where it can be more than...

thanks

My point was that I DO NOT like to wear those things. I live in a relatively affluent neighborhood so my neighbors flaunt expensive cars and toys all the time. But I'm not like that. This is more about my family and siblings not knowing. I could care less if the Jones down the street want to...

I get what you are saying. But did you not read that blogger post about Stealth Wealth? It's easy to be idealistic but we live in the real world with jealousy, competition, and pettiness.

You are funny Mark! It's NOT that kind of money to blow on toys. But let's say "very comfortable"