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i wonder what peter will tell him when his portfolio is worth nothing in 5 years when most of his foreign companies go bankrupt. don't worry your still getting the same dividend percentage of your million and half dollars..hahaha

You never want to use margin in a market that swings 400-500 points day to day either up or down. If you do you at least should have tight stop losses.

What were your positions and how much in each position if you don't mind asking?

Ok, then how is it at trillium using the op's description and comparing it to your experience.

One other thing. No one gets a bonus. This is'nt GS. This is a lower end daytrading firm.

No, not a accurate assessment. First of all that 26k draw is only for three months. Then your on your own, no draw, nothing. second only very few senior guys make low six figures and no one makes 7 figures. Ha, lol! Very high attrition rate. Most new people hired quit after 6 months...

Cause he's more a sales guy. Go to his website. he is resorting to selling coffee mugs and books to make money. Thats what I really want to see in the morning is timay's face on a coffee mug.

I can't believe you interviewed that tool Timay Sikes in that trailer.

This was a Karen Finerman short from fast money last year. She called the next crash will be in commercial real estate. Lets short her other call SPG to crash.

Did'nt Cramer say GS was a steal at $90 a few months ago??? ridiculous cramer.

When you reformated, did you delete the whole harddrive or did you create a new partition and did'nt delete your old partition?

no big deal. G W probably did'nt know that either. Only solution is give these other countries or continenets a good kick in the ass. Old west shootout. yeee haaaw.

Got this virus too. Effed up my whole system. Since I only use my laptop for surfing the net and I don't have much files saved on my hardrive, I just reformated my whole harddrive. Best solution as it gets rid of all viruses. Now I have mcafee and seems to be good in alerting me of spyware...

Where's stocktrader? I would have thought by now we would have seen like 5 posts from him on this thread, gloating.

Middle office, trader support still start out at $50-$60k plus bonus but these days with all the writedowns no bonus. Sales traders and institutional sales still make at least $150k base salary.

Any person who would keep their money in a countrywide spun off bank of more than $100k was just asking for it. I used to be a mortgage broker and this bank did the full gamit of subprime crap to fha crap loans. wamu was the same, totally into crap loans. Anybody keeping their savings in...

Ahh, those were good times. Lunch at Major's Steakhouse on Rt25, happy hours like mad. The kids with new corvette's and Dodge Vipers who still lived in Mom's basement. I got some good stories. [/B] Sounds interesting, you should start a whole new thread on stories you have on working in a...

I have read a few articles that chess has no corelation to an IQ test. A study found the average IQ of a grandmaster chess player is like 105, the average IQ of a receptionist or a plumber. At such a high level all your doing is memorizing openings and counterdefenses to openings.

Cause this whole market is like having crazy mood swings up 200 points one day and down 360 the next day...

Particulary interesting sales reps is in the category of least stressfull. I was in mortgage sales for a few years and sales in general is probably the most stressfull job I had. In terms of making quota, prospecting for clients and closing deals. Especially since most sales jobs are 100%...