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I'm pretty sure Mr. Dell has been investing in hedge funds for years now. He was one of the folks LTCM went to when they were in trouble. On a side note, damn I wish I knew enough filthy rich people to get a hedge fund off the ground. -- http://themarkettruth.blogspot.com/

Yea, it looks like they will open it for one final trade (I guess a "special" MOC) -- http://themarkettruth.blogspot.com/

floor is frozen, no trading going on edit: what chiguy said, the order system is down -- http://themarkettruth.blogspot.com/

Well, I don't know about production going down being particularly good for the economy, but it is rallying markets simply because of the fact that it indicates less inflationary pressures to the fed; thereby reigning in rates. -- http://themarkettruth.blogspot.com/

Are you telling me they just dumped money down the drain to inflate volume numbers?

Regarding your hedge, the only reason you did not simply buy back the short 1230 call in your short bear call spread is due to the wide SPX options spreads, yes? You opted for the equivalent of 8.5 SPX calls in the SPY options, instead?

It's very good that you understand what you're getting yourself into. Like DT mentioned, he does not use TI as a buy/sell signal but rather to give him a heads-up on the stocks moving for the day, as well as how he should trade for the day based on how some stocks are behaving (whether making...

IGolf, just a word of caution, what these guys are doing appears easy due to years of experience. I would suggest against jumping right into some of these stocks, as they are very volatile and can quickly rip you apart. I would recommend creating a trading plan and looking for an edge that is...

Do they both settle to the same thing? Why not arb the pit and otc trades?

I'd have to agree, regardless of how stupid I think he is, he's got the right idea -- http://themarkettruth.blogspot.com/

You'll need to find an edge. Your dad makes money because he's got the pit/info/time edge. If you want to make a career out of trading on the screen, you'll need to find an applicable edge there. Very little edge available in retail spot forex, except for maybe a couple statistical arbs, and if...

Why use options to hedge options? Higher comissions and spreads, less liquid, seems that futures would be best for a variety of reasons. -- http://themarkettruth.blogspot.com/

With per share pricing, I see 0.006, with per trade I see $10 for 5000 and 0.003 after that (so 0.002-0.003). Honestly, any prop trader paying more than like 0.005 at this point (unless he's getting some real nice fringe benefits) is being ripped off and they know it. I still don't see why a...

Just curious, which retail brokers will give you lower comissions than an average prop firm where you're doing decent volume? -- http://themarkettruth.blogspot.com/

IB provides electronic access to equity/index/futures/e-currency options but most commodities and some currency options are restricted to the floor, in which case you would need to go through a diff. broker -- http://themarkettruth.blogspot.com/

Definately an option, although an inexperienced trader could get hurt very easily trying to trade on a commodities floor... and let's face it, many people that jump into retail/prop are inexperienced -- http://themarkettruth.blogspot.com/

A bucket shop is not a "boiler room", nor is a prop shop a boiler room, what are you talking about? The key word there is leverage, much more than retail, that's why prop firms still receive plenty of appeal -- http://themarkettruth.blogspot.com/

lol amen to mr. blunt, and also, there definately are prop firms around in the U.S. just because they aren't advertising doesn't mean they don't actively recruit -- http://themarkettruth.blogspot.com/

Hey Phil, Question about your option writing, are you just consistently writing wide strangles or just puts? Also, how long have you been doing this? The money seems safe in low-vol environments like now, but it's incredibly easy to blow up in one big move when vols pick up to 25-30+ again -...

Long LQD short IEF, good luck doing any real size though. Any idea why the exploding spread? -- http://themarkettruth.blogspot.com/