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An mba is still a great degree for finance if you are at the right program. The best programs today allow such specialization in finance that is essentially almost 2 years of study in applied finance. To wrap this up: Surf, you are flat out wrong, and the reason is that you are viewing it as...

Stimulus is merely targeted inflation. it benefits some at the expense of others. It makes certain targeted classes relatively richer, and many feel richer, untill it is diffused through the economy and reflected in the price level. Our democracy demands that politicians give u something...

managing risk is a balancing act between estimates of expectation and advantage and ones capital position. My thought is that stops as a "risk management" tool only have value if in fact they are not really "risk management" at all, but part of ones offensive strategy, ie, helping to create...

EricP, your sarcasm raises a few good points. However, I am willing do judge peoples ideas on their own merit, at stated here on a relatively anonamous board, without reference to tax returns, recent p&l figures and similar, which to me are fairly meaningless. however, the downside of...

More examples of why we need a Ron Paul to bring sanity back to our system. If you you think these examples of police/state bullying are bad, wait a few years. The police here are essentially of the same stock as police in other countries, countries where bullying, intimidation, assault...

Hilarious. How much better would the quality of discussion here be if people stopped referring to the ever present, mythical, "trader(s) I know” To provide some semblance of evidence for unsubstantiated claims?

You have to think about risk/reward. If you are on your own, what will be the amount of capital you are trading? You suffer losses if things go wrong. if u are at an institution, you trade massively larger size, and if u are good or lucky you get a bonus that will dwarf what you would have...

i support ib's margin policy. it protects the firm and other customers from undercapitalized yo-yo traders. I would not trade with a firm that allows other customers to hold positions on shoe string margins.

Tim comes accross quite well here. Not sure what the issue is. Muff? If only.

another point is that they didn't quite start from ground zero in the business and get to where they are in a few years. both principles are highly experienced and have been in the game for a long time.. What they did was leverage that market/research experience and convert it into a...

sounds pretty much like the same stuff the other short term futures managers have been doing: statistical pattern recognition. For market wizard buffs, Monroe trout describes doing this in the second wizard book.

"I'll never make $100k in banking" are you serious? I guess banking is a broad field.. what, are you working at the teller window? If you work hard and get into a company that rewards merit, you should be able to make well over 100k before 30, either on the sales or on the analytical side.

one way to put it is that u have bad timing. another option is that your portfolio is not consistent with your risk preferences and appetite. I would suggest working on your asset mix untill the fluxuations are such that you feel less threatened. I suggest looking at your asset mix only...

If firmly believe that if one is not motivated to be in college or to take it seriously, one should stop going. But don't consider it a permanent decision. u don't need to project out or make blanket statements such as, "i don't need college" just try something else for a bit and see how it...

It depends upon if the entrepreneurial route or institutional route is favored by the individual. To be a great trader, it helps to have a high iq, creativity, and an unusual combination of risk appetite self discipline/control. This is true regardless of all else. In any entrepreneurial...

Rather than ask "does ta work" it may be more fruitful to ask a more specific question that can be properly refuted with evidence. Scientific TA is defined by and distinguished from regular TA by the scientific method. So, relevant issues to discuss here might be things such as: -how...

depends on what you mean by trading firm. "ivy" league is more a matter of getting into the big prestigious firms, Investment banks, etc, because they hire from that pool. Otherwise, Stat, mathematics, strong programming skills, and an idea of how to make money. U have to be entrepreneurial.

It is useful for many financial positions, particularly analyst or portfolio manager. And certainly, increasing ones knowledge on financial theory and practice will not make one a drone. How one uses knowledge is up to ones own active mind. It is a great program for those interested in...

those "piss poor' phd types are making a hell of a lot more than most here... and more importantly, their earnings stream is more valuable because it is more certain and steady, ie their p/e ratio as an individual would be much higher.

nothing at all factual is going to come out here, but my thought is yes by a hefty margin if viewed over a career. He has been trading for a long time, long before 1997 or 2007. he never built a mega fee machine fund, but maintained a capital base where he could generate the high returns and...