Hedgez, he is right. Just think about how many Spam e-mails and chain letters are mailed/posted everyday. Or, take any message board scam/solicitation in general for that matter. :) If you can make money on 1/1000 of those...
This guy could trade cheaper at Datek or some other online broker. LOL.
Per-Ticket Minimum on options of $20? Yeah, maybe for Multi-Legged Orders. You better be one hell of a trader if you are going to overcome the hurdles this commission structure throws up.
I am working today. We are required to attend the USMA v. Rutgers football game. The trip pretty much kills my whole weekend. I would estimate we work 2/3 of the Saturdays we are here.
There are pretty much haircuts on anything. My broker doesn't loan me stock @ the broker call rate. He sets a margin rate. I can't borrow money from the bank for 3-mths at the 91 day T-Bill rate. Of course, I just can't print more money when I need it either. Although, if I were borrowing a...
inandlong,
I understand you having to pay a fee to borrow stock to short. However, is there not also a "short stock rebate". Meaning, the proceeds received from selling the stock short could be earning interest?
Might 100 trillion USD be the notional value of the derivatives? I do not think it is the amount of counterpary credit risk. The actual value of the payments is much smaller, although I am not sure by how much.
Def,
Great work.
FX-Trader,
I agree 100%.
IMHO, the number of shills along with their corresponding alter-egos has increased markedly over the past few months.