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I looked it up and read some stuff about it. Looks like it might be of benefit, but it seems that the issues I'm interested are of more recent nature. I have no doubt it has some good wisdoms, but how applicable are it's discussions of liquidity to what is going on how given so much has...

I agree with you on the quality of life. But it seems Katrina, in being such an ardent proponent of genetic research and lambasting the gov't for the ethics issues would rather see it improved the other way - by only allowing those who are "genetically perfect" to reproduce. As one dumb...

Hey, I have a quick question. Say there's a company of somewhere around 2 -3 bln capitalization and it has some abnormal event (e.g. earnings surprise) and large volume on it. If I were to buy about 2 or 3 million worth of that sucker within 10-20 minutes, how likely would my trades be to move...

I'd say more like 10 or 15. They are also probably a bit more industrious/hard-working/focused, although that's just my observation.

Yes, it does, smarta$$ :D. I'm looking for an alternative answer you could come up with. EMH does NOT say things are random, just that they are unpredictable, as they are in this case, b/c it's hard to know when this crawling turtle will get a kick and will roll downhill.

that when spy or qqq go up, they are going up like a turtle, but as soon as they get a bit higher, the tank like a rock? almost funny to watch. also, is it just me or is SPY leading QQQ by about 15-20 seconds? It's not the first time I'm noticing it.

How is what you are thinking of setting up different from a plain ole investment club with a macro perspective??? PS By the way, you might have to be careful being short on China. People in the US really underestimate that monster. I know their internal dealings may seem nebulous as they...

In a nutshell, you provide liquidity when your limit order is the best bid/ask, you take liquidity when you hit those.

Thanks Metoxx, can you and/or Praetorian please also post (or PM me?) on the solution to his situation once you figure it out? I'm sort of in the same boat concerning the treatment of the fees/bonuses I receive... If you have time, of course. Thanks a lot for your help. Vlad.

that will probably reveal just how little I know about taxation... If I formed an hedge fund (via an LLC) and have capital gains that are subject to taxes, do I get to reduce this tax liability by the legal expenses we incured to form the LLC, the cost of buying the hardware etc etc? Thanks a...

You can have those restrictions legally stipulated in the LLC operating agreement. Also, starting the venture with those you can trust should help... To use the same account at the same time you will have to pay for several terminals. I'm sure you could work things out with the broker if you...

If you CAN SHOW others that you have the ability to earn excess returns given the added risk exposure you may have to take, there will be people who will invest. I raised my money that way. In other words, if you show others that by accepting those risks, they can earn substantial returns and...

You missed my point. I was saying they SHOULD. The reason it's not done is b/c of powerful lobbying interests. If you are as serious about trading as you are saying you are, and are confident of you abilities, getting more than 25k should not be a problem. You can raise that much money...

Interesting points, T4A. I've seen some studies that show the imposed trading halts actually increase the volatility afterwards, totally contrary to what they are meant to do. I think you are right on the cut your losses short point. There's a recent paper (I think it's still in the working...

Dude, you obviously have no idea of how it takes place. Trust me, there are AS MANY (if not more) ads convincing people not to vote as their are those that do. In many ways it's along party lines. The goverment at a state level is composed of representatives and lots of those don't want the...

I didn't see any reputable info on who exactly was behind the suit. Secondly, IF they would sue, do you think they would??? If they didn't, it's not b/c they didn't want to. For large dummies it's not that big a deal from the social policy point of view. Getting back to the casino example...

What difference does it make? In this case they are trying to restrict the activity - daytrading by small dummies. You just made the point I was making. As for the lotteries, it's not the goverment that wants them, for your info, the people in the state have to VOTE on whether they will have...

I was being sarcastic about the "free country". Secondly, the analogy with drivers does hold if you consider that the reason they don't let ten year olds drive is not only to protect the public from them but only to protect them from their own actions. If you ignore the former, the analogy is...

It does suck more phsychologically. This asymmetric treatment of gains and losses is engraved into human behaviour. Think about these two scenarios: 1) you have an overnight position, it gaps against you at the open. You are 5% (of your capital) down, you immediately get out and see it...