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One of the things I forgot to add concerning then and now: then there was an abandonment of commercial properties as well which probably had a greater effect on the s&l's which effected fire sale pricing to fix books, etc., and caused REITs to die. Today, money is shifting from residential...

We've seen this before. And far worse. The housing slump of 89-91 was extreme compared to what is lining up here. The market is currently facing a devaluation of values that were artificially inflated due to incredibly low interest rates for the past few years. This valuation needs to be...

A great example of a decent thread gone bad. To l4t13; kid, you got some great advice and some decent opinions here in answer to your query. Take this info, think about it, and make your decisions. Keep your options open. And good luck. Now get out before someone finds something else to...

Avatar is a sub llc with Lightspeed as well. They have no affiliation other than to themselves.

I have met them a few times and negotiated a deal to rent space from them for not prop trading purposes. The setup there is good and comfortable, pretty much divided into different trading groups, some guys even trading bonds and futures. I am going in there with my own group of guys as well...

My understanding of SEC enforcement actions are that if these illegal trades were done thru the prop/retail account(s) they could be frozen pending an audit of the funds and trades. If it was just the blackmail issue, it shouldn't be a problem.

Well you pretty much called that (115.7 now). What's surprising to me is the price of cable tonight hitting four month lows against the dollar.

Can anyone confirm earlier question about whether Hold has relaxed their requirement on series 7 registration or is that still a requirement for their prop trading?

To join a prop or be very successful on your own, you don't need finance degrees. You need to be able to think. Traders need to be able to think, and fast. Finance degrees are for the guys/girls going into M&A and investment banking.

Do you guys really believe that we are headed down to 10,000 or even lower? We're due for a correction maybe, but down that low, I don't think so. Maybe the unraveling of the Yen carry trade has run its course and we stabilize around this level +-200pts for the next 2-4 weeks. As a currency...

I am new to this so I have a question on rates: when you say the rate should be .005, are you talking round turn or per side?

It is relatively easy to expunge a misdemeanor charge. In effect, most misdemeanors are not counted as "crimes" as they are not felony level, something that makes it difficult to get past in this industry. DUI's, especially if there is more than one, tend to put you at that felony level, as...

Confusing/interesting read. But unless they knew of the inside information, since when is it illegal to mimic another's trading style? quote: "a Bear Stearns colleague, Robert Babcock, 33, figured out the trading patterns and began to mimic Franklin's trading for his own account. "

Obviously I would want the leverage of prop, but don't want to go the registered rep route. Not what I am looking for at this time. Looking at their web page, what is the difference between prop account and retail Main/Sub-LLC accounts? I thought LLC's and subLLC's were what prop firms were...

But what kind of leverage does their retail accounts get? Just the standard 4-1?

But what kind of leverage does their retail accounts get? Just the standard 4-1?

Looks like they are only options firm. Don't know what the rules are concerning posting liks here, but google them. First choice returned.

If you are daytrading, then obviously you want the intrument with the greater volatility, and that would be the 30 yr. If you're spread trading, then Chi-king is correct, go with the 2/5/10s. When the 30 yr was the benchmark years ago, there were bond daytraders galore. After they switched...

If you feel that you are on the cusp of making it, then try another shop. There are too many to choose from. But may I also suggest that you find one where you have to put up some scratch, so that this way if you screwup, it is you that feels it first. Makes you a smarter trader when it's your...

Brooklyn, there is a sh*t load of money that can be made trading forex, but you have to learn how the animal works. Fundamentals and especially technicals play a significant role in price movement, and unless you are somewhat well versed in chart reading, your chances of success decreases...