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+1 Totally Agree

Hi wizard, Maverick used to have two big trading floors, one in Chicago and the other one in Salt Lake back in the late 90's and 2000's. In 2009 they shut down their onsite offices and went completely remote. They have some smaller satellite offices in Boston, San Diego, Salt Lake and...

I am also looking on the long side of USDJPY and currently have a position at 76.60ish. I have just been waiting for BOJ intervention as I caught the last spike a couple weeks ago for a nice +250 PIP profit. However, it is becoming more clear that the BOJ isn't going to intervene in the 76...

The Ambiguous Nature of Modern Prop Firms by John Knott Scour the the online forums and you will find countless threads asking what a prop firm is. Perusing the jobs boards and one will find endless listings of proprietary trading firms looking for high frequency traders. Even in the media...

This is something I did early in my trading career that really help put some money in my pocket before I really knew what I was doing. It is right along the lines of Maverick74 (who is a great contributor to this forum) about trading news at the open. At the end of each trading day, I would...

Hi Everyone, I am looking for some ideas for a better play on the VIX than a recent trade. Last May, I thought that volatility was extremely low and not likely to go higher. However, I also didn't know when volatility would go higher and didn't want to just be long VIX calls since I would...

The members of the LLC are still required to pay SE taxes on their income distribution of their K-1 on their personal taxes. The big benefit is to be able to expense as much as possible against your income in your LLC or Corp. Then, you should pay most of the distributions in the form of...

I have been with Maverick Trading since almost the beginning of my trading career in 1998. They are run by some great guys with a good sense of humor. It is funny that is the first thing that comes to mind but it does help to break up the monotony of trading. They are the most honest bunch in...

It still blows me away when someone give me an AOL email address.

Don't sit next to a pro. Sit next to your neighbor. Just make sure to do the opposite.

Where's David Tice and Bill Fleckenstein when you need them?

If you don't understand the greeks, don't trade options

One year I signed up to compete in CNBC's trading contest. I went in to make one trade and their stupid system wouldn't let me do it. So, I never made a trade and I ended up in the 93rd percentile.

Predictions are dangerous. I have learned over 14 years of trading to forget about predictions. Just trade the market in front of you.

You should trade based on a % of your portfolio. How many contacts doesn't matter

You shouldn't be troubled by either.

agree

I think January's jobs numbers come out solidly positive. However, that doesn't mean I think the market will rally

College is just a way to prove you can finish something you start that is moderately difficult. If I were looking to hire and there were two applicants. One had a degree and the other didn't, I would assume the one with the degree would be a more valuable employee. However, I also think...

Price & volume is really all that matters. Everything else is just a derivative of that.