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I cannot believe what happened in the past seven trading sessions. Today may be another good day for the long. I feel like back to 1999. :p :p :p :D :D :D

The law of compounding is very powerful. $5,000 compounded at a monthly rate of 5% will become $1,744,560 in ten years. Unfortunately, I probably cannot achieve this kind of consistent performance in the foreseeable future. :eek: :eek: :eek: :mad: :mad: :mad:

Agree. That is why I am an option seller trading with my own capital now. :p :p :p :D :D :D

Can anyone confirm the following claim ? The options on the QQQs and the other exchange-traded options of index stocks are subject to the provisions of IRS Code Section 1256. http://www.tradersaccounting.com/a_quest14.asp

Wednesday, October 16, 2002 NASD SETTLES CHARGES AGAINST SWIFT TRADE SECURITIES FOR DECEPTIVE TRADING AND NON-BONA FIDE "WASH" TRANSACTIONS IN QQQ Washington, D.C. — NASD today announced it has reached a settlement with Swift Trade Securities USA, Inc. and its President, Peter Beck, for...

Yes. I remember that the Cray C90 in early 90's had a peak performance of one GFLOPS per processor. I ***GUESS*** a 3.0 GHz Intel CPU probably has better performance. At that time, Intel had a supercomputing division developing a Unix operating system for their parallel computers. It was a...

One is a high-salary position with bonus and benefits paid by the investment bank; the other usually is a non-salary position, where you get part of the trading profits (ex-commissions) as compensation.

Because life is hard. Nothing comes easy. You have to fight for the good stuffs. If you like to have financial freedom, the odds are always against you (unless your parents are millionaires or billionaires). Trading is an art. Most of the artists are poor. Why do you think they keep on...

LOL..... :p :p :p It would be hard to believe that one of the ET members is a TALKING lobster either. Actually, we have a talking salmon too.... :D :D :D

IMHO: People tend to turn the whole thing into a religious issue. There is no best programming lauguage. It depends on the project, the existing resources, the deadline, etc. Good programmers will adapt to make a project work. Bad ones tend to do the opposite. To a three-year old with a...

The above advertisement was posted about two years ago. Not new at all. :p :p :p

I have not been looking at any technical indicators for the past ten months. But I do have a trading plan, which is evolving as I learn more and more. There was a related thread: "All indicators useless ?" posted few months ago...

Home, sweet home. :p :p :p :D :D :D

If you are a successful independent trader trading with your own money, you demonstrate that there are other ways to survive and excel besides kissing the ass of the boss or playing office politics on a day to day basis. :p :p :p :D :D :D

Look at LTCM, D. E. Shaw, Tiger Fund, Quantum Fund etc. All of them have been very successful for a long time. All of them suffered huge losses between August 1998 and August 2001. When someone has been successful for many years, his ego will probably be bigger than the solar system...

Q: What is the "CL" that I see listed in memory specifications, especially with premium-priced, "high-performance" memory? A: Time to get a bit technical. CL stands for CAS (Column Access Strobe) Latency, which is the amount of time that the PC will wait before retrieving data from the RAM...

To the best of my knowledge, there are three main types of Intel Pentium Processors for the notebooks, Pentium M, Mobile Pentium 4-M and Mobile Pentium 4. The Mobile Intel Pentium 4-M will gradually be phased out over the rest of this year, subject to customer demand. A 1.6 GHz Pentium M...

I would just sell the call to close the position. Options have relatively large bid-ask spreads. Hence, trading less frequently is a virtue. Just my two cents. :p :p :p :D :D :D

Well said. There is an old Chinese proverb: Hate the rich; spurn the poor. Unfortunately, a lot of people have this type of attitude. :( :( :( :mad: :mad: :mad:

You are right. Just visited their web site. Too expensive for me too: Competitive Options Pricing: $9.00 per trade plus $1.75 per contract. :p :p :p :D :D :D