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    Anyone ever try to explain their trading career choice to family?

    EEEEEEEKKKKKK! dear god man...finish school. you are young. to be fair most of us dont start to "get it" until about 25 or 30. It just takes a while before you figure out what is really important in life. ALWAYS HEDGE LIFE. always have a plan b and a plan c. I also had bad grades (my dad...
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    Housing Rolling Along 2

    any thoughts on what will happen with real estate stocks with all the wconomic data coming out tis week?
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    ANY NEWS related to market breakdown?

    that was 2 weeks ago mate. patience grasshopper...
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    Market is churning...

    so what is going on...i cant tell if the amrket cant sustain a short rally or it cant sustain its downward momentum...very confused.:confused:
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    prime brokerage fees etc

    the rookies in NYC do about 80 base up to 120+ with bonus. Managing director probably around 1.5. A good guy on an EM desk maybe does 250-500?? that is whith 5+ years and a good client base. I live in central america, so my pay is shite. that is a long story though.
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    Great short candidate: ISRG

    disagree 100%. i dont see anything bearish about it. fundamentally and technically on almost any timeframe i see 100% long. where do you get short out of that?????????
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    Selling annuities?

    i used to be a retail broker at a big firm. I sold them...awsome commissions becuse they are an insurance product. I got like $7k of a 100k annuity one time. I know a broker that grossed over 700k (about $350 take home) per year on some jackson life annuity. Look, if you want to make money...
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    prime brokerage fees etc

    IDB is interdealer broker. If big institutions or MM's need to liquidate large amounts, they use IDBs. check out www.icap.com. tullet, eurobrokers, cantor...all IDBs. ICAP is the largest..moves csomething like $1 trillion per day. I do Emerging markets in Latin America. We dont take...
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    List of Popular Trading Systems

    i stick to the old triple MA cross over. I use 5, 10, 20 day data on bloomberg. I am exclusively short. I look for inductries coming out of favor that can no longer sustain earnings...then the trend hopefully is my firend. I get out if i am not making $$ instantly.
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    prime brokerage fees etc

    rufus...where were you? how was the experince? I am at an IDB, but would like to move on in a few years. what are some of your thoughts?
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    Market is churning...

    anyone have any opinions on housing starts?
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    Anyone ever try to explain their trading career choice to family?

    dad always said "dont quit you day job". I have to say he was right. I did quit my day job to start a healthcare recruiting firm...mistake. I now have a day job...Bond trader at an IDB, and it allows me to also stay in front of a $1400/month bloomberg which i dont have to pay for...and enter...
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    Is it easy to find a good trader job ?

    must be sponsored for the 7 as well..by an NASD member firm. A GOOD trader job i thnk is VERY difficult. I consider good being a top firm with a solid base salary at a big firm. 1 opening for every 100 applicants i imagine. Top school, top contacts, top grades, top bloodline help a lot. or...
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    Market is churning...

    hmm. i saw it different. I see that the market is advancing much more this month and when it is down, it is mild. I am nervous about my shorts. I see about 4 up days to every 1 or two down. seems to me it has upward pressure. I would like to hear more about your S&P short trade and why....
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    Making Mad Money with Jim Cramer

    I understand what you mean. But what cramerholic is doing is piggy backing a VERY successful trader and hedge fund owner. It isnt a system that i see, cramer and his team have already done the TA and FA for him. even though the markets are in constant flux, Cramer SHOULD be changing with...
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    Housing Market Futures

    too bad...would be a blast!
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    $200 question

    depends on which one give you more pleasure...in my case the phone card may get me out of jail!! was it marty schwartz that said "in the market, you get out of it what you want to"? one of the market wizard books anyway. one DOES have more value... just like a $10,000 short position in real...
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    American citizen and tax?

    My wife is Costa rican...did that whole thing. there is immigration and naturilization. if you dont marry...you can get a work visa...if not, just old fashiond immigration. fill out the forms and stand in line. you can work..no big deal. get a SS# and no problem. helps if you have a work...
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    Move to Chicago to become a Trader??

    Austin Rocks. Dare i say the best city in america. I lived in fort worth for years...lots of friends in austin. lakes, food, hill country, nice people, not too expensive, decent economy, good night life...you name it. I live in costa rica right now, and the only place i would move back to...
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    mumbo...jumbo!

    I..like most of us..read a lot. Mostly about the markets, and a little about cars and golf. When i read...i see certain fundamental and technical analysis that i think are just a bunch of crap... First on my list has to be Elliot Wave. maybe i am undereducated, but it seems to be overly...
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