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Teach him to trade the S & P E-mini. Hopefully, there will be another bull market in ten years. He can then retire by age 30. :D It is impossible for QQQ and DIA to go to zero. That means their options always have time values. If he can constantly make small profits by shorting ETF...

Two of my friends, who have Science degrees, are now patent lawyers. However, they did get a Law degree first before making big money. :p :p :p :D :D :D

I intend to sue them to get couple million dollars and then retire. If they collapse, my retirement plan will go down the drain. :mad: :mad: :mad: :mad: :mad: :mad:

How can DJ make such a typo ? :confused: :confused: :confused:

A new arbitrage opportunity. Should be good for option trading too. :p :p :p :D :D :D

Hi, I would like to tell a story about proprietary trading at an investment bank. As pointed out by trader99 in another thread, employees at investment banks do get a salary plus bonus to trade: Once upon a time, there were two proprietary trading groups at an investment bank. The first...

Ph. D. students are usually on F-1. Postdocs are usually on H-1B, after the practical training period. It is very tough for a Postdoc with H-1B to get a job. Hence, a lot of them ask their advisors as sponsors to get Green Cards. The whole process usually takes few years. During this...

Yes. They do. For example, when I worked at an investment bank at NYC, the production database was replicated to London every 30 seconds or something like that. I forget the exact time interval. It has been a while....... :p :p :p :D :D :D

He promised to donate $1,000,000,000 to UN. This is a huge obligation. As the largest landowner in the States, he has been using his land to protect the endangered species. He may really need to sell some stocks now.

D.E. Shaw lost a lot of money in late 1998. Since there was a $1.4 billion loan to D.E. Shaw, Bank of America had to bail them out. Investors later filed more than 30 lawsuits against Bank of America over the Shaw losses. The losses prompted the resignation of David Coulter, heir-apparent to...

I did borrow $9,800 from a Visa Card company at an APR of 2.9% as an experiment. Look too tempting. However, I found out that I need to be careful: 1. They can increase the rate any time without notice. That means you have to be willing to return the money all the time. 2. The credit...

Hi, Has anyone tried the TIMES method of Traders International to trade S & P E-mini ? Thanks. :p :p :p

Tomorrow's headlines on the Wall Street Journal will be: SEC launches a formal investigation on ET in connection with the controversial trading of 56,000 contracts of S & P E-mini within the last two hours of regular trading session on February 6, 2003 ................ :p :p :p :D :D :D

Just short another 10 contracts of put options. :p :p :p :D :D :D

:D :D :D :p :p :p

About ten years ago, when I worked next to a Cray consultant, he used the following procedure to log on to their computers: 1. Connect via the Internet. 2. Type in username and password. 3. A new password generated by the computer will be sent to a card that he carries. 4. Type in the...

I ***THINK*** Matrox Parhelia is designed to support three monitors(a triple head graphics card).

Yes. It was the boom time(1997 to June 2000). Nowaday, only a few companies are willing to sponsor H-1B Visa for progarmming positions. It takes about 3 months for a H-1B Visa holder to switch job because of the paper work. Under the current tough environment, if you have a H-1B Visa in US...

I hate that attitude too. But the world is not fair. My friend.

Yes. But I do know that the IT divison of the Invetsment Bank I worked at cut 50% of the London support staff in year 2000 and outsourced the work to India.