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  1. J

    Penson - What's this all about?

    I have a few more trades that I need to taken care of. Once those trades are settled, hopefully by the end of next week. I plan to move my account to another broker-dealer for the time being. I'll probably just move it to Charles Schwab since I already have another with them. The problem...
  2. J

    Making money with a losing strategy

    All you left out is A*2 in your chart. :D
  3. J

    Making money with a losing strategy

    This doesn't make any sense to trade a negative expectancy strategy...for what??? To smooth out an equity curve??? It would be easier if you just reduced your size on Strategy A. It achieves the same effect of lowering your drawdown, but you save on the transactional cost with trading 2...
  4. J

    Nyc

    I had dinner at Quality Meats in NYC, and the steaks were fantastic. It is dimly lit with great atmosphere. A lot of wall street suit types in there...which should tell you it's quite expensive, but it's high quality. We stopped in here after strolling through the south end of Central Park...
  5. J

    Penson - What's this all about?

    Don, How come I don't get that fuzzy feeling when you the quotes on "strategic partner"? If you have more information about PEAK6 and Apex Clearing, that would be much appreciated. If I need to move my accounts, then I will do it. I liked MB Trading so far, but there is nothing that...
  6. J

    Penson - What's this all about?

    This is what I got in the mail this morning. I'm trading stocks through MB Trading, but now having second thoughts if I should transfer all of my funds to IB or someone more stable. Anyone know about this APEX Clearing and PEAK6??? Don, what's your thought on this?
  7. J

    Will you still trade if If there is no leverage in Forex ?

    Why would they do that though? It's better to drain the investors account at a fast pace. But if they do that, I'm sure the market and trading will dry up for the retail folks. This is the last great frontier where fortunes can be made....or at least that is what they want you to believe...
  8. J

    Broker for $500K account size

    Stick with IB. $500K is too little.
  9. J

    Any good looking male traders in France?

    Please post your blotter first. :D
  10. J

    Easiest way to trade friends and family money?

    We are all millionaires on backtests.
  11. J

    Need advice

    Stick with engineering. Open a paper account, and play with that. If you can get returns on that paper account that is greater than 2x your engineering pay on a yearly basis, then you are ready to go live. Trading is not a job that you will be interacting with a lot of people. If you...
  12. J

    FEAR! How to get rid of it

    Close all trades. Turn off computer. Go to Sleep. Fear gone.
  13. J

    Why does California have so much industry/jobs?

    Yeah, in Indiana, but you can't get good chinese food or sushi, dang it's good. And you can't check out the girlies in their bikinis on the beach. You can't drive with your top down along PCH. You can't hit the clubs on Sunset. NOw sure what you would do in big spread in Indiana...
  14. J

    Why does California have so much industry/jobs?

    It's obvious. California is the gateway to/from Asia. Everything comes through the port from the freighters, and then gets distributed throughout the country. As far as IT, it is all about attracting the top talent, and that is why Facebook and Google has lounges, gyms, yoga classes, etc. It...
  15. J

    Grinding it out, day after day

    Seriously, loved the front door, and the branches onto the glass.
  16. J

    A Strange But Serious Proposition for a Not Yet Profitable Trader

    I would have thought the Europeans would be all over this since hostels are everywhere over there. Strange because my German friend just went up and down the West Coast using couchsurfing, and he had a great time. I had breakfast at the Marriott in Germany last year, and it was like $35...
  17. J

    Where scandinavian FX is traded?

    The spread must be horrible. I would not bother trading it unless it is for positive carry and hold long term.
  18. J

    Price Action @ Confluence Zones

    The market will show you all kinds of PA to throw you off. I just keep it simple, if it breaks the confluence zone, then it will move in that direction. If it doesn't break the confluence zone, then I don't trade it. I'm always looking for continuation. Stop and reverse on the other side of...
  19. J

    Weinstein Trading and Fading

    Well, it was a good buy. And now that it is near $15, the risk vs. reward now has swung back into getting out of the trade, and booking profits...and finding another stock to trade. It's not pure luck like a coin flip. There was actual fundamental reasons to buy to make a quick profit, and...
  20. J

    Weinstein Trading and Fading

    That is not luck. Anyone with a brain can figure out that the IP is worth more than the stock price now. If it wasn't Amazon, it would have been Google or Apple or Microsoft. Everyone had an inkling that below 15 bucks, it was going to draw interest from buyers, and the lower the price went...
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