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  1. R

    SEC to Nearly Double Equity Transaction Fee

    Here's a repost of Metooxx regarding the SEC's investigation into suspicious options trades around 9/11: "They actually called on a handful of test 1 lots that half of them were on the wrong side, all of them we were flat on and most of them we made $5 or $10 dollars on. They even were kind...
  2. R

    want magic? say something about babak in chit chat

    Vinny, Fruity & Abra are all the same guy.
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    SEC to Nearly Double Equity Transaction Fee

    The looters will keep issuing new anti-capitalistic directives, and raising fees, thereby reducing the number of market participants- thus nessecitating even higher fees. I 'shrugged' almost 2 years ago. I only bother trading when exceptional volatility is present- maybe 2 months a year...
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    What's our demographic 2

    I meant no offense at all to Native Americans. I have ZERO predujice against all non-Muslims. I've met thousands of traders, and not one of them (that I know of) has been Native American. I thought you were extremely rare in the trading profession... I stand corrected. BTW, I'm pretty...
  5. R

    Gold...

    Apparently, you're not very familiar with the philosophy of objectivism.
  6. R

    Gold...

    Wrong. Only fiat currency needs trust to attain value. Gold has held objective value since ancient times.... and I doubt Buffet ever said anything that dumb. You must have misquoted him.
  7. R

    Gold...

    Seriously, you'd probably get your best price by selling your bullion on ebay, even after paying ebay vig. Alternatively, my fave bullion merchant is Tulving: http://www.tulving.com/goldbull.html He's got the tightest bid/ask spread around. AJPM isn't bad either...
  8. R

    What's our demographic 2

    Please spare me any posts calling me a racist, the U.S. census asks the same thing.
  9. R

    Torture?

    "He who is merciful to the cruel, is destined to be cruel unto the merciful" No mercy whatsoever for this filthy murderer. He had none for the thousands of innocent people he's murdered. Torturing him might prevent future terrorist attrocities, so go for it. We have his 5 sons in custody...
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    how about that alqueda boss they caught

    His last words before being captured: I'm not just president of the Back Hair Club for men, praise Allah, I'm also a client.
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    Niederhoffer new book

    After posting your thoughts (anonymously) on Elite Trader, some questions have been asked: " Clue me in - who/what in 'Market Wizards' was a fraud? Tom Baldwin? What specifically are you refering to? Thanks." NO, NOT BALDWIN. WAS SIMPLY MAKING THE POINT THAT JUST BECAUSE SOMEONE...
  12. R

    pip

    It's a tick, or minimum price move. Also the loser British kid on South Park.
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    Niederhoffer new book

    Some comments from a friend who's read this thread: These posts about whether Victor is a market wizard or not based on past performance crack me up. Mostly because they show such an incredible amount of niavete. Most of the guys profiled in Market Wizards either blew up or suffered huge...
  14. R

    Niederhoffer new book

    His 'non- professional' AUM is alot higher than you think. I won't give numbers, but I can assure you that there is still alot of truth to Vishnu's statement.
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    Niederhoffer new book

    Babak, you don't think I overlooked something that obvious, do you? In fact I had a long gold position as a partial hedge to offset some of the pain from the Rand's move. I'm not going to go into this off topic trade too much, but I should point out that even with gold soaring, I didn't...
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    Niederhoffer new book

    That's one of my favorite trading quotes. South Africa is a country in self destruction mode. It is ruled by incompetant Marxist morons, so ignorant they even publicly deny that HIV causes AIDS. So How'd my heavy short S.A. Rand position do last year? How's this shit for irrationality...
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    Niederhoffer new book

    Dennis trained the turtles who are today's leaders in the futures markets and their performance has been remarkable ever since. Go to turtletrader.com to check it out for yourself. As for Dennis himself, I know that he suffered a setback from the Market Wizard book but I do not know that he blew...
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    Niederhoffer new book

    QUOTE]Quote from links: I don't think Niederhoffer's name deserves to be alongside great traders like Dennis and Livermore... LOL.... It's Dennis' name that's unworthy of the company of the other two.
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    Niederhoffer new book

    Niederhoffer's brilliance is in his ability to perceive the the market in new and radically different ways, and then utilize data-mining to quantify entirely new and useful indicators. The first mention I ever heard of the 'Stadium name' curse was from his writing. I'd highly recommend...
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    is this legal?

    Yes, it can be legal. If the intention is to paint the tape, obviously this is a career ending crime. However, let's say two traders work for the same prop firm. Let's say Schonfeld trader bob offers out some IBM at 80, and Schonfeld trader mike takes the offer. Nothing illegal here at all.
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