Search results

Opt, I agree swing trading is a good niche for retail traders who are serious about making money. I think the key is that to be successful a trader needs to find a niche that fits in with his place in the market. Guys who trade at a retail brokerage and are not exchange members are...

"I recommend Haiti and Mexico both places where labor rights are in shambles." Yep, very, very good point! It was the bureaucrats in DC, labor regulations, the unions, and other laws protecting the little guy that made america great and prosperous and lifted the teaming masses out of their...

Averaging 1 point a day after cost would be a terrific success. that would mean, (lets say for a year the ES average 1000), you would be taking out 25% of the market's value on cash on cash basis in a year. Few can do that. THe key though is average. Averaging 1 point is not the same as...

my guess is it will have very little impact except perhaps in very poor/low living cost areas. The current minimum wage is kind of like doing the limbo with the bar set at 6 feet tall.

that is why anything you do needs to have a clear, logical, non tax INVESTMENT rationale behind it. Effective tax loss harvesting is simply timing your already intended and logical reallocations, not trying to scam the IRS. Moving to an etf with a different exposure or lower expenses is a...

that is not a good idea. a better idea is to sell your down etf and rebuy a different etf that is substantially similar but arguably different exposure/is not the same thing. for example if u reallocate to an etf with lower expenses you can justify that on investment rather than tax avoidance...

the era of many best and brightest among us going into medicine is over. Independent minded people will find medicine increasingly distasteful. In there place will be medical bureaucrats skilled at taking orders and cutting costs. You will see less and less white and asian males and more and...

I would not trust a brokerage that let customers trade eminis on $500 margin. Too many things can go wrong to try to cut it that closely.

I think you are thinking of a different Renaissance Nevous. I am sure there are a few financial firms with that name.

they are different funds with different strategies. Medallion is a short term quantitative futures fund. This is the fund with the legendary performance that no longer has outside investors. RIEF is a more conventional long/short equity hedge fund that uses models more similar to what...

What Austrian works have each of you studied?

if he does it through futures, swaps, etc he will have to post and maintain collateral which could lead to a disaster. Your buddy is the kind of guy who's advice bankrupted small towns in this last bubble. The best hedge I can think of is fully offsetting the position via immediate divorce.

The truth is too radical for people to believe or even acknowledge. Fractional reserve banking is the achilles heal and fundamental "flawed premise" of the entire capitalist system. All the Federal reserve did was cartelize these inherently fraudulent institutions. The waves of bogus credit...

if you are doing futures trading, if you do not generally hold yourself out to the public and advise 15 or fewer accounts, you do not need to register as a CTA. see the NFA web site for details.

I agree Interactive brokers has a nice setup for doing this.

only thing that concerns me is 1.) he is employing friends and 2.) there is really no need for employees with such a small amount of capital. 3.) this entire notion that for some reason he needs to raise 4X the capital he currently has within one year.. Why? "Will Graves and his team...

"Do you think that power could translate into some serious "campaign" contributions? " Of course! That is a primary intent: All who desire to product must grovel and beg before their political masters. The wealth transfer will be away from those industries that are actually responsible...

is a huge power grab by the global statist-bureaucratic elite and their crony capitalist friends. I agree with the apocolypto analogy. All such massive examples of theft require a supporting mythology of freer and urgency... That is a politicians primary skill: Rob a man and make him believe...

Interactive brokers is a good choice in my opinion. Very low data costs, great market access, and low rates for that sized account. You can use their front end, or get a good second party front end such as ninjatrader or buttontrader. I don't think he needs a live news feed, he just needs to...

i think the connection is that both niederhoffers focus on short term quantitative trading. I believe one intention of Roy's fund is to offer a diversification from other asset classes, particularly a conventional stock portfolio. Victor has had a different philosophy which is a primary...