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"The speculator's deadly enemies are: Ignorance, Greed, Fear and Hope." -- Reminiscences of a Stock Operator I'd also add 'ego' to that list. I've always found it interesting that hope is in the equation.. usually it has positive connotations but in this case it is quite negative and can...

So very true :/

http://www.bigtrends.com/document.jsp?documentid=914 A nice reprint from a 2002 Stock Futures and Options Magazine, by Price Headley. From the article: "Merriam-Webster's dictionary defines fear as "an unpleasant, often strong emotion caused by anticipation or awareness of danger, going on...

Yeah I saw one part of the the series yesterday. It was kind of a biography of Buffett's life. Charlie had some clips of his prior interview with Buffett's late wife as well.

www.battleon.com - nice free/($20 to become guardian) flash RPG - hugely addictive, but can be opened in browser so doesn't interfere with trades too much...

Sitting in cash is a position :D (Waiting) counts as doing something..

I hate you.

Fired SEC attorney names "Mr. Mack" in Pequot probe http://today.reuters.com/investing/financeArticle.aspx?type=fundsNews2&storyID=2006-06-28T222713Z_01_N28233929_RTRIDST_0_CONGRESS-HEDGEFUNDS-AGUIRRE.XML&pageNumber=1&imageid=&cap=&sz=13&WTModLoc=InvArt-C1-ArticlePage1 Heh alot of news...

Yeah it does seem that everyone and their mom runs a HF nowadays. But there will always be the BIG players (SAC, Renaissance, Citadel, etc) with billions and huge money and the smaller ones with a few million. In HedgeHogging Biggs thought having raised "only" 600MM or so was tiny compared to...

http://money.cnn.com/2006/06/25/magazines/fortune/gates.fortune/index.htm Gates talks about his decisions and Buffet's donation. Good article. Should boost his PR ratings a bit. I'm looking forward to seeing what his foundation will do now with their vast(er) resources.

Proshares just launched short-index ETFs. Neat concept, and I think these should be tradable in IB. Allows for hedging. http://www.proshares.com/funds

Why two accounts? The only purpose I can see in doing this would be to avoid taxes for some time such as shorting against the box to lock in gains. Wouldn't trading both sides result in a net neutral position? Commission would also be a factor... If you were biased on one side, why not...

http://www.investopedia.com/articles/forex/06/ScalingUp.asp From the article: "Nevertheless, scaling up can be an extremely profitable endeavor. Here is a description taken from the Elite Trader bulletin board about how a very famous pit trader, Richard Dennis, employed just such a strategy...

HSBC has high-yield savings accounts that are at 4.80%... FDIC insured too, and you can pull out your money at any time. Very competitive against the normal types of CD's you see..

Day Trader Jailed Six Years For Fraud http://www.theglobeandmail.com/servlet/story/LAC.20060620.BCFRAUD20/TPStory/National AKUSP, B.C. -- Kevin Steele was a lousy day trader, but he had hopes he would get better and dig himself and the hundreds of investors who believed in him out of the...

Oh jeez. Polestar, are you familiar with the 'Ponzi scheme' :eek: Kneejerk reaction aside, thank you TSGannGalt for giving him the benefit of the doubt. If you ARE serious about this, Polestar, you are going to have to rethink your approach...

Don't mistake lack of understanding of a vehicle (or lack of an edge) as a valid reason not to trade it. That being said, I long and short US equities and am increasingly employing options in conjunction with my holdings because I feel comfortable in these vehicles and they suit my trading...

My question, Is there a technical indicator that measures the daily movement of a stock relative to the SnP? Are you referring to 'beta'? Copy/paste from investopedia: A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole...

heh i saw the article about him on Trader Monthly... supposedly he has two guys doing "risk management" for him..? Personally I couldn't stand such inconsistent results. He's essentially gambling imo. Sure, sometimes he hits it big... but look at his risk adjusted returns.. its only a...

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