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Bullshit. I have 2 specialists in my immediate family. Both wealthy from back in the day, both now leaving the business. Where do you come up with this nonsense?

Screw the idiot who wants to make 65K a year sitting in some job bank with a broom. Its the greed of the uaw that will assure cars never be built here again.

You would be even higher if in the highest tax bracket and living in New York. You would be over 60% with federal, state, medicare, and self employment tax. Staying in Europe is your better choice.

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That is excellent opt789. Different strokes for different folks though. Anytime I try to reduce my commissions by trading less frequently it negatively affects my bottome line. I am at peace with my firm and subllc making a nice living off my commissions since I have profited handsomely as...

Who told you commsions are small? Ever hear of overtrading? My commisions every year for the last 4 years have been over $200,000 including sec, take/add liquidity. The best trader I know who often has $300,000 months commisions are incredibly high. I know other instutions can see retail...

Your question implies that there is some special group that is on the other side of all these retail traders first year trades. The market is dynamic and there are many entities on the other side of these trades. Most of the money lost by first year traders is most likely commisions.

I got a couple of turds on my block that are about to get flushed. I'm just hoping not that many more pop up in my immediate vicinity.

nyxtrader, I am very sorry for your loss.

Do not go by return. Imo many inexperienced people post % return. It is much easier to double $10,000 than $10,000,000. All I care about is the net amount I bring in. When I used to walk around the trading floor I wouldn't say oh joe sixpack is a better trader making $1500 a day on $500,000...

I would like to come back to you guys (username jd74999 of 6 years) since I still think your program creates the nicest and user friendly layouts. The data feed problems which went on for months is what drove me away. If I was to come back I would need more than 2 peoples kudos and at least a...

Yes you are right. Thanks for the correction.

My wife works at JPM formerly BSC. One of the high net worth advisors who she dealt with had about 2 and half million worth of bsc stock as of the Friday close before the $2 price. He sold naked a ton of calls ( I don't know how many) that friday afternoon and walked in on monday with a...

After we nationalize oil lets move on to health care. After this lets give everyone who works hard a free college education and a $500,000 house. Oh shit I just revealed Obamanonics.

50 to 1 odds on a profit. Damn, I think I will tell everyone I know how easy it is to profit in the crude oil market.

See the difference between you and me is that you think the president gives out hard work, personal responsibilty, and discipline. I don't give a rats ass who is president, I am going to work as hard as I can regardless.

If I was stupid enough to use a full service broker and this happened to me I would make sure that guy was put out of business. The scumbag probably makes a shit load of money pulling this crap on people who don't know any better.

Bullshit.... It might be a casino for the author.

I wish long island would hit those 2003 prices. That will never happen.

You are now officially the biggest dumbass in the world. You don't win anything for this except a kick in the ass.