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    Starting a Hedge Fund

    hedge fund and pro firm are two completely different things. hedge fund = put up nothing, get $100 million from investors, make 1-2% mgmt fee = $2million a year and then a 20-30% performance bonus = $4 million if you're good. trade futures, commodities, currencies, equities, intl' markets...
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    The Surf Report

    went long goog afterhours today.
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    Who are your favorite specialists?

    does their near zero risk come with near zero reward? http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=lab&sid=0&o_symb=lab&freq=2&time=12
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    Who are your favorite specialists?

    traders play as many games as do specialists. that is the game. it is called trading. what some consider illegal activity is usually situation where other traders have an edge over you. when a stock is climbing higher, traders are creating the move, not the specialist. the specialist...
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    Goldman Sachs and commodities

    OSX all time highs.
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    Who are your favorite specialists?

    if you put up 80 oil stocks on an intraday chart, you'll see that they mostly mirror each other. it's my belief that it's more about the participants and not the specialist. otherwise, you'd see more divergence across the 80 individual stocks.
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    Who are your favorite specialists?

    how do you know it's not a black box posting and cancelling large bids all day.
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    Who are your favorite specialists?

    stock is not really defined so much by the specialist, but it's participants. fake bids, volatility, speed, etc.. i recall trading a thin stock and i was accumulating 12000 shares and couldn't help but laugh when i heard some trader screaming and moaning about how illegal the specialist...
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    Home Boom Busts

    can't build 1 million additional units in nyc. basic thing in real estate is don't buy in a place that has plenty of land to build more cookie cutter units just like yours.
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    Home Boom Busts

    guess that pretty much sums it up.
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    Natural gas crash

    most of those stocks have significant crude oil exposure. apc has 2.4 billion barrels of proven crude reserves. if based on price of $15 for crude oil, they are worth $130 a share. (estimate from Fadel Gheit, Oppenheimer 1/7/2006)
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    Forbes: GOOG could fall 50% in 2006

    to the moon...
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    Believe in yourself

    most traders are human arbs, most belong to the status quo. the great money is made off speculation and manifests itself from belief. a belief in the idea and a belief in oneself.
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    is it a good rate?

    more important than a good rate is software and bp. most traders fail to understand this.
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    Packaging yourself for a life after trading fulltime

    i was drafted in the 36th round by the chicago cubs. i never had a chance, cos i suffered a shoulder injury. I know I'd be pitching in the mlb and kicking arse right now if it wasn't for that. many fail not cos they don't have the opportunity but because they don't believe in themselves...
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    Packaging yourself for a life after trading fulltime

    you sound like someone who played bunch of years in the minor leagues, and you've faced the fact that you'll never make it to the big leagues. is that what you mean?
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    How many of you save anything?

    media exagerrates excess spending on credit and debt in america and ignores the hordes of cheap people out there. they're out there. just look.
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    energy prices rigged by futures trading

    i disagree. oil prices are symbolic of true demand as nations are very willing to consume at those high spot prices. what people are willing to pay is the price. in any case, at what point does higher oil prices affect the economy? no one knows for sure. hardly an economist would have...
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    Words of Wisdom

    basically, early bird catches the worm. i've seen "wrong" people make more than "right people" just cos they are quicker.
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    Are equal % moves equally profitable in different pairs?

    my eur/usd pair will continue to be profitable.
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