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The first thing on their minds is about potential LOSSES, not profits. They build their strategies and techniques around that idea. Simple as that.

As soon as BX and FIG went public, that was the clearest sign that the hedge fund world was ending. Easiest thing I ever took notice of... All these funds will go away one by one until there are none left, except maybe a few that you could count on 1 (maybe 2) hands. Hedge funds are part...

Incorrect trading system from the get go... One of the oldest trading paradigms around: Cut losses fast, let profits run slow (with approprate stops). Successful career traders focus on RISKS and potential LOSSES first. The word PROFIT is the last thing on their minds (except to calculate...

Those SNDK guys are perfect examples of the hedge fund industry being way overcrowded with people who have no business being in existence in the first place. I mean who in their right minds would put the fund's biggest position on a single tech stock??!! And with no hedge in place!!?? Sitting...

Good move if you're a trader mostly involved in options, futures, or commodities in general.

20% either way..... I like it, sounds good on paper at least........ TWICE as brutal than most hedge funds :D

For family/relatives only.

Reruns of Planet Earth and Sunrise Earth with the mute on can do wonders for your thought process while trading. Don't laugh, just try it :)

Ummmm... you're just now realizing this about CNBC? Of course it's just foood for the masses. In my office, the TV only shows reruns of Planet Earth or Sunrise Earth with mute enabled. Amazing how much clearer your thought process is.

Ok here's a simple example using the S&P500 index: The expense ratio of Vanguards SP500 fund is 0.18% https://flagship.vanguard.com/VGApp/hnw/FundsFeesMinimums?FundId=0040&FundIntExt=INT The expense ratio of the SP500 ETF (ticker SPY) is 0.08% http://finance.yahoo.com/q/pr?s=spy You...

Don't ever look for honest advice from public seminars, classes, infomercials, CNBC, etc Making money is a strange thing if you think about it logically. Fear and greed are basic human instincts. You see on the news every single day what people do to others in the name of profits and/or...

If you dont have trader status (which includes the mark-to-market option) in the eyes of the IRS... then yes, you're pretty much screwed. All you can do is carry forward your losses to the new trade and offset the cost basis. You can keep this rollover effect going, but keep good track of...

:( I've almost given up Every girl I meet is always expecting a job that pays biweekly paychecks. Anything other than that, they always assume I'm some lazy bum. Amazing what human conditioning can do in today's society.

If you can make 25% profit every month, that pretty much means you'd be among, if not, THE most profitable trader in the world.... hedge fund managers, private equity managers, hell even Goldman Sachs would be tripping over themselves to hire you. A little too much wishful thinking here...

Television only came about within the last ~50yrs. Some of the greatest traders/operators who ever lived never needed something like CNBC. I will never be convinced that one needs CNBC to trade well, not one minute of it.

Some of the best traders I know don't watch CNBC, nor do they "need" it at all... except for the financial news clips. CNBC is for the masses, the typical sheep who think it's instant access to wall street. I've actually heard a poor naive joe sixpack say he's on a level playing field with...

They could be anything.... market makers, fund managers, private equity manager, etc. Transacting large blocks of stock is not as easy as you think. Any average joe on these boards knows how to buy/sell whatever security. But not everyone knows how to, for example, sell 10mil shares of GOOG...

Actual traders at big firms have been around a long time and have worked their way up the ladder. Their salaries are way up there... around the mid six-digit range.. all the way to millions depending on what they manage. They didn't get there just by submitting a resume straight out of college...

He used to be a successful hedge fund manager.... what more prooof do you neeed?

It all depends on how the numbers work out on your 1040. It may sound like it just evens out, but remember all these numbers are eventually factored into your adjusted gross income for the year.