Search results

  1. T

    Hearing Chicago MERC trader commited suicide after blowing out

    :eek: Tom Cruise in this room? There's no coming back from this comment. If u trade long enough 'Mr Stocker', u'll need paxil at least once in ur life. If not, then ur not laying it out there, and will never make a living do this.
  2. T

    keystone trading group

    Anybody know if Hold guys still offer simiar deal they used to? For a guy putting up his own capital, registerd/licensed, 50+ to 1, .005/share. Thanks, haven't been back here in a while, good to see this site is still so active.
  3. T

    Anyone heard of Westchester Capital?

    They are an Event-driven mainly risk arb fund with I believe about $1.3 billion under management in Armonk or Katonah, NY up in Westchester County - about 30 miles north of NYC. Their results can be found in any newspaper's mutual fund section under 'Merger Fund'. Very conservative low vol, low...
  4. T

    A solution to the oil crisis: Ban all new Suv and large trucks sales

    Thought this was a trading forum? Banning SUV's is like saying lets ban red meat, cigarettes, or ice cream and cake. What about GM and Ford? All those jobs. What a weenie thing to say. People in France and Italy drive cars that can fit in your back pocket, yet they pay US$7.00 for gas. Do you...
  5. T

    For guys at Schony, Trillium, Opus, Hold, or institutional traders

    SwingOut, The only thing I'd change on your Resume is the Objective. I would just take it out. You could change it for every job, or just leave the first six words. The most impressive thing on it is Berklee. For those that don't know, Berklee is to the Music biz what...
  6. T

    Illegal Short Sale Debacle - HELP!!

    (2) $2.50 per share or 100 percent of the current market value, whichever amount is greater, of each stock "short" in the account selling at less than $5.00 per share; Actually got this from the NASD web site under Margin Rules. We're talking about shorts here right? Not only are...
  7. T

    Illegal Short Sale Debacle - HELP!!

    Because of the split the stock may be on the "Hard to Borrow" list. If this is the case they (both the broker and NASD) may be slightly less tolerant of the error. All Stock Loan departments have this formal list and you can't short these stocks. Being under $5 just means that its not...
  8. T

    Illegal Short Sale Debacle - HELP!!

    M to M, From experience as former OTC market maker I'll tell you this; As long as you inform the broker it was an error, and tell them to inform the NASD Market Survelance dept. that a customer had an error - It sounds like a believable one, because you were long, then you should be able to...
  9. T

    What is the Federal Reserve's rationale for such low rates?

    low rates-credit expansion-inflation!!- wealth transfer from savers to borrowers- welfare state- socailsim!!! the largest advocate of capitalism and crusaders against communism is actually the most sucessful central planning economy in the history of mankind.. it's all a illusion...
  10. T

    What is the Federal Reserve's rationale for such low rates?

    Thanks guys, I got a really good case of the giggles reading all the Socialist remarks posted about how bad things are here in the U.S. ( obviously a # of the posts are from foreigners). First of all the average families net worth has just recently surpassed the 'lofty' levels from the late 90's...
  11. T

    NY Expo add'l session requests?

    Hey Don or any one else here who may have a voice with the Expo people, could you ask them to reconsider doing it on Presidents weekend next year? I attended last year and really enjoyed meeting some people. I changed who I was clearing thru, where I got my quotes and news from and my futures...
  12. T

    Hidden Stops on Globex??

    Noone but the execution trader that places the stop can see his own stop. It would be unethical for anyone else to see his stop. That's for electronic orders. Floor stops are held by the executing broker on the CME and unless he has told someone, noone else knows your stop with him. It's easy to...
  13. T

    techniques of tape reading

    Vad, Took a few hours to skim through your book from cover to cover. Going back to read all the parts I missed now. Trading actively since 1986 and yours is one of the better trading/journal books I have read. Only trade the NQ's and NASDAQ myself now. Too much slippage with the monopoly...
  14. T

    Repeal Of 60/40 Tax Treatment!!!

    Well, at least I know how to contact my Congressman now. Thanks to those that alerted us to this fact and then its positive outcome. Perhaps it might have been better if I never knew this took place? Lets hope for a lower cap gains to come out of this, how would that be for going full-circle...
  15. T

    No Uptick Rule on ARCA?

    It reads that way BUT, I would confirm the legitimacy of the content of that clip. I think what the author probably meant was that ARCAex leaves it up to the discretion of the trader to make sure trader shorts on a tick. (which is impossible considering the way NASDAQ stocks tick up and down on...
  16. T

    Calculating Risk/Reward Ratio

    I think we tend to beat some of these concepts into the ground sometimes in search of an edge? In short term trading I've heard people assign the term risk/reward to exactly what the first response was to this thread: stop out at 1 handle with the hope of making at least 3. Or hoping to look...
  17. T

    specialist goin to the can

    That's funny eragasa! Haven't thought about that for a while. The 'guy' you mentioned wasn't just one person. 'Selling teenies' was a very popular strategy back in the days before 'the crash' (1987). 1/16 was the lowest an option could be bid (other than a 'cabinet' bid of .01 cent which was...
  18. T

    specialist goin to the can

    It looks to me, I don't know if someone has made this observation already, but this guy was front running SuperDot orders. He has 30 seconds to accept the order into his book, but something he can NOT do is add to his position in the direction of the impending order. Like many here have...
  19. T

    Best Futures Books???

    Forgot, one of the things I liked most about it was the price. I guess because its a textbook? - its only $20 bucks! I hate buying a trading book for like $45 or something - only to realize it sucks!
  20. T

    Best Futures Books???

    One of my favorites is actually a textbook at the NYIF, which is the New York Institute of Finance. The title is 'How the Futures Markets Work' - (c) 2000. When I took my series 7 and series 3 many moons ago I took courses at this place in Times Square. Many Wall Street firms send their people...
Back
Top