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For me, except for a portfolio margin account that is somewhat insured against firm (aka "other traders" losses) I am finding it difficult to find a place to put about 10% of my capital for some higher leveraged ideas. I see the influx of ridiculous legislation, leveraged firms requiring 50...

Ok....they don't print physical money. They enter it into accounts via computer, basically expanding the money supply is a simple as typing in digit into a computer. So, while Ben Bernake wasn't lying about actually running currency material through a press and printing it, he wasn't really...

Currency is necessary. The problems are when the government turns to another entity (the Federal Reserve or any central bank) to borrow the currency. If you don't already know, our government BORROWS the currency from the Federal Reserve. The interest on the borrowed money is what...

this is true, but the string pullers are not the appointed officials at the FED, these are the axe men who carry out orders. I think it's fairly safe to say that the system was set up to boom and bust, how else can the wealthiest 1% consistently garnish all of the wealth...they go to cash at...

The New York Fed decided SPECIFICALLY who was going to be bailed out in the time when Bear Stears failed. Its painful to read your posts, because you are defending the history books and economic books modified version of the facts. This is the public high school version of economic and...

great post thank you.

Thanks. Let's hope everyone who becomes aware will adapt and prosper.

hey mav i reread my post it was not very polite. I know nothing about you and you have earned your opinion. I have just developed what i have in my life from learning, and having people who believed that many skills depend on that belief. I really had no place making assumptions about...

You are confusing teaching with DOING IT FOR THEM. Its as simple as that. I never said teaching was hand holding or the like. You seem like an example of a guy who made it but fails to realize how much he was taught, thinking it was all you. Anyway I don't like to make those assumptions...

It should be pretty obvious to any trader that takes time to think about trends, that the government is assimilating the free market system. These are topics to research and consider: exponentially increasing regulation, zero treasury asset transparency, transfers of large amounts of...

anything can be taught anything can be learned. there are some examples of guys who have taught traders they have recruited from all walks of life. you can also teach poker as well. these comments are simply false, from those who believe you "have it or you don't " based on the smallest...

What happens in trading is most get sucked out of money when they are young, and never really go back. Therefore, there are not enough older guys to tell the young (20something30something traders) that all of this is a scam, go back to basics. So the firms and industry suck the capital from...

This is a rant that has some relevance to this thread, maybe not much, but it is a rant no less: mostly automated trading and hft is complete bs for most traders...sure you can automate...but most of the hft firms are now losing money. the principles of trading hold true decade after...

You didn't mention the most expensive component of a server class workstation, the ecc RAM. How much does it have? my p490 can take up to 32gb ecc.... Anyway, this is a super old post but even with ecc ram, especially with the super small drives you have....300- 400 total price...

The good people left echo at least 2 years ago. From the front office to the top, they were gone. And these seemed to be solid people. Echo has been a ghost for a few years now.

Agreed.

it's a govopoly my friends. the government has assimilated much of the free enterprise system, and , to credit Ed Seykota, now routinely picks the winners and losers. Either you are with the govopoly or expect to get regulated, feed, and taxed very heavily. The parallel regulations...

Just to be contrarian: Do you think the market players care about protecting traders from themselves? This is the official reason for the PDT rule. I mean, the market relies on a steady stream of losers and currency created out of thin air to allow winners to win. Remember, lots of...

I agree its ridiculous. But let's clear up some points: First, I don't think anyone uses leverage all in one direction on one trade. I had tens of trades on at once, on and off, some just for a few seconds, some for a day, and very few on for days at a time. Never was I all in one stock...

I agree that outright theft probably doesn't occur that much, although that is pure speculation. I will bet that firms that steal are less obvious, shearing a sheep vs. slaughtering it. You can shear it many times. I think most of these firms that are not scrupulous follow some form of...