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Why are you making a naked short $1,000,000 trade... When you have to come here for basic information?

Something nobody mentioned: ** Working harder than everyone else ** I have all the talents and background... To be a successful trader... But it would be wasted... If I had not been willing to work a 70 hour week for 5-10 years minimum. This goes for any small business... no...

Soros has always been an active market manipulator... Especially in offshore minimally regulated markets. If one accepts that premise... Then he most certainly is involved in manufacturing "falsehoods and lies". In Eastern Europe... Where he has poured much of his money... He is viewed...

Actually, my understanding is that providing online gambling to US citizens is illegal... Just has not been enforced till now... While wagering is OK... or simply not enforcable in any way. http://www.iht.com/articles/2006/07/24/business/gamble.php As you can see from the article... The...

Never read a trading book... Written by someone who needs to make money off the book. If someone is not independently wealthy from running a trading business... What they know is simply not valuable.

Exactly. Can you imagine... Running a 6 or 7 figure business... with such weak links in place? It could never happen.

I stopped reading trading books long ago... Because so few of them are useful. Though I might recommend: Fooled By Randomness, Taleb (Unless you ** instinctively ** understand and apply these concepts... Then you are in the wrong game and won't last long.) No Beast So Fierce, Eddie...

Well put... and I do not disagree with you. People can be divided into roughly 2 groups: (1) People that do honest, productive work and contibute to their society in a positive way. (2) People who chose to avoid honest work... but rather exploit the people in Group #1. A society...

Insider trading in various forms is rampant. That's another reason why the market is tough to beat... It's actually worse than a random walk... It's random walk + many players with inside info. It all comes down to a basic fact: Enterpreneurs are always MUCH smarter and ** more...

There is a reason gambling is illegal or heavily regulated by most advanced countries... It's not a moral issue... It all about counting the social costs of unrestricted gambling. Many of us are very familiar with the off-shore poker world... And we are fed an endless stream of...

Actually... My proprietary software and trading is based on the similar principles... And I have been consistently profitable for > 10 years. This is basic quant analysis... And not bogus like TA or astrology or seances with the dead. Main difference is that I'm super, laser targeted...

Interesting post. Intelligent product. I would comment: (1) Mean reversion of hedged pairs is a very simple strategy... And it can be very profitable if done right. But often people do not chose/screen pairs in an optimal way. The big mistake is overestimating the relationship between...

You STILL don't really understand what has happened to you. I'm sure you lost money... In spite of your denial... let's say $5,000... Which is precisely what was supposed to happen. The Sell Side of the securities industry... Is a brilliantly conceived and executed "mook skinner"...

Everytime I call IB Customer Service... I get routed to Dell Support in India... And they tell me to re-install Windows.

Personal opinions are not relevant in a radical Christian context. The exact (but slightly abridged) scripture... Mt 6:1-4 "Be careful not to do your 'acts of righteousness', before men, to be seen by them. If you do, you will have no reward from your Father in heaven. So when you give...

Notice that after 24 hours... No one has given me a single specific "issue"... In terms of why an IB ATS cannot be stable. I suspect... That coding a stable ATS ** from scratch ** with any API... Requires very sopisticated design and implementation... So many people are simply unable to...

I'm about 10,000 lines of code into an IB API ATS system... And have overcome the usual issues... And have yet to encounter anything insurmountable... That would make my ATS too "unstable". (It's not built for speed... millisecond latencies are not important to me). Can someone briefly...

Good post and good thread. I have always been cold and rational about trading... But it's running a securities business for 10+ years... Seeing what a sleazy business it often is... Being unfairly harassed by regulators... Dealing with partners that don't care if I live or die... Just...

I love this advice: get a lawyer. Securities regulations and possible fund structures is an incredibly specialized area. The only place that you will find an ** experienced ** securities lawyer... Is in a major financial center like NYC, Chicago, Toronto, etc. Also... Someone in the...

You are correct... But the amount is addressed by Jesus... in the Parable of the Widow's Offering. Mk 12:41:44 Jesus was NOT impressed by "rich people... who threw in large amounts"... But singled out the widow who "put in two very small copper coins". The teaching is that giving must...