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    Banker tax announced in UK

    I would understand if bankers at Royal Bank of Scotland, Lloyds Banking Group and Northern Rock which recieived bailout money from UK were affected, but not anyone else. Much like the US, the UK did just fine on their investments in these banks. At least in RBS, its more than a double from where...
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    Here is a link to petition against trader tax

    That's two posts bashing the OP's intention to drum up support for something he feels strongly about. You my friend are a scumbag. Why don't you start a thread to get support amongst traders that are for a tax that would kill all liquidity and volatility in the market. A tax that if you bought a...
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    Dimension

    I don't know of Dimension personally, but these types of firms are very legit. Perhaps more so in terms of safety of your capital than others. They operate on very low margins and are actually in it just for the commish. You will probably need your series 7 and 55. Also 63 if you plan to trade...
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    Could The Dollar Carry Trade End Abruptly And In Tears?

    Tx PM, what I was thinking and that sentence was totally backwards was rising dollar in past has often led foreigners to chase US Bonds as hedge against inflation back home, or something . . . Losing train of thought its Sunday night!
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    Could The Dollar Carry Trade End Abruptly And In Tears?

    Great post. Big dilema. Its something I have been wondering a lot about lately. IMHO after a struggle, the dollars appreciation will not necessarily mean the US equity markets demise. I thought we were seeing this on Friday, good news for equities and a large reversal in USD. Then the carry...
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    Palin's Father: She Left Hawaii Because Asians Made Her Uncomfortable

    My Dad was Palin's fathers age. He refused to eat sushi or even Chinese food. Fought snipers on Guadal Canal and in Nagasaki. Different times, different generation. I probably hold about as much of a grudge as Palin. Tues is Chinese and Fri it's saki at the sushi counter. Why would our...
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    Extreme PE's "wow"

    Yes, because of all the writeoffs and charges etc.. Earnings were dramatically lower this year. Many had neg. earnings because of this which skews index p/e. I could go on with Econ 101, or you could just google the 1000's of stories about this phenomenom coming out of a recession.
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    Here is a link to petition against trader tax

    Thanks for putting this link up. Everyone has to follow it and sign. Then it asks if you want to send to your house rep and senator too. It won't become law ever, but we may as well voice our concerns now. Because there are so many cagey liberal jackasses out there like TG and RiceRocket that...
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    Extreme PE's "wow"

    Trex, we covered this at length on a previous thread. In a recession PE #'s are skewed coming out of it. Forward looking PE's are closer to the 20 level. Slightly higher than historical, but profit margins have been greater than anticipated in the last earnings cycle warranting slightly higher...
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    Looking for a Trading Partner or Prop Firm for trading capital, offering 5% daily

    I am an idiot? You are asking people to back you financially on here pointing to Demo results as your track record. If the demo system uses 'offsets' or impossible prices which I have proven are wrong, how can you point to them saying that you can recreate that in real time. Like I told you in...
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    Looking for a Trading Partner or Prop Firm for trading capital, offering 5% daily

    You have some balls don't you? I have been a vol trader for 23 years and you are trading a demo account telling me you bot COP Jan 60 Puts at $1.19 when the year high is $55 because of an 'offset in prices'? You are a retard.
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    Looking for a Trading Partner or Prop Firm for trading capital, offering 5% daily

    Fella, those demo accounts are just to get you used to trading. You can't show us buying COP 60 puts at $1.19 and selling them at $4.75 an hour later when the contract low with a stock thats year high was $55 is at an absolute minimum $6 including premium. You are soliciting money on here...
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    Why do some prop firms require a license?

    Actually, the only way to get around the 'pattern daytrader' designation, which requires a minimum of $25k in capital and you can never go below it, you need to be FINRA registered with the broker dealer you are trading with. The firm must keep a portion of the profits to make this legitimate...
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    Looking for a Trading Partner or Prop Firm for trading capital, offering 5% daily

    "He who laughs last, laughs best"? Dude, your trading a demo account?? :confused:
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    Looking for a Trading Partner or Prop Firm for trading capital, offering 5% daily

    COP, as in Conoco? There has not been a day in the last month that COP traded in an intraday range more than $2. How could the DITM Puts have traded in a $3.58 range? Even on the outside day, these trades were impossible. Btw, the year high in COP was $55. How could the Jan 60's trade at only...
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    Looking for a Trading Partner or Prop Firm for trading capital, offering 5% daily

    It is statistically impossible to average 5% a day in a global marketplace with 20% implied volatility. You can point to some russian guy that invested 5000 EUR in a competition and returned 2000% in a year by buying calls at $1 that went to $20, but that does not make it any more feasible. Got...
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    trend is your friend 345PM each day..

    I don't know Darwin, with market up 100 and all the order imbalances at 3.40 pm to buy, things are looking great - then a 4-6 handle selloff at 3.50pm in S+P. This seems to be more the norm than a continuation into the bell. One of the reasons this mkt is so tough to trade, is my observation at...
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    Dubai effect starting to spread

    It's not the $60bil in Dubai debt that has bankers worried. It is the contagion effect. Like a faulty O ring on a rocket that in itself is a minor defect, it can set off a chain of events that can be catastrofic. A general widening of CDS spreads the last time caught the world off guard. AIG...
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    trend is your friend 345PM each day..

    Of course this makes sense. If there are more sellers than buyers so mkt is lower, at the end of the session day orders need to be completed. As far as a strategy to get in front of this, the only major flaw is that algorithims look for oversold conditions and supply and are set off in these...
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