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the party is over. everybody is gone. [ QUOTE]Quote from Bogan7: Man here we go again I was having dinner with mate who runs a big US trading desk last night when he got a call from a broker telling him a hedgefund he deals with had lost 900 mill out of his 3 bill in the last...

you kno w that parties aren't meant to last. harvest hay while the sun is shining. the sun is not shining and in sunset now. the highly leveraged investors who invest in these hedge funds ar shutting down. there is no cash.

some the daytraders or traders are trading with their rent money. can't even wait a week or a month..why do you think they daytrade for a living. [ QUOTE]Quote from ProfitTakgFool: LOL. that's what I was thinking. 3 years is just too long!

as for mental illness in trading or stock market.. . it's a freaking con game or zero sum game. market makers playing tricks on your mind.

majority of 'mental illness' is caused by external factors, marital breakup, drug abuse, or job site related etc.

traders who trade their own money, who have bills due can't wait eve n1 month or even a week.

if you owe the taxman money,,,they will get it from you. if you lose money,,,they don't care...it's not tax deductable like normal businesss in most cases.

The IRS knows how much you have in your brokerage account.

Guys like you think trading is a joke,game,hobby. You know what, it's not a game if trading is your only soure of 'income' Why post your income statement in a public forum? The taxman has your brokerage statements. The taxman knows how much you made last year.

you call it a meltdown. i call it a "market correction" mr. market always knows and there is no fooling around.

if oil price goes any higher, the gov't could just ban speculation for oil. etc etc. or put new restrictions on it...this business market changes overnight.

2% interest is the main reason for $150/barrel oil. money keeps chasing oil...

ie. if you account was $50,000 making $50,000/year or 100% is easily possible. making 1000% or $500,000 on a $50,000 account is possible too.

but if his account is $25 million than it's only $25 million per year whic his only 100% annual return. If he can get 1000% annual return consisttently than he can be top 100 traders on trader's monthly.

and what happens if the hedges fail for whatever reason.

SEC bascially banned people from daytrading if they don't have $30,000. these entrepreuners lent the money via a LLC so these people can daytrade. the only defense is whether this min. $25,000 rule is even legal.

normal banks generally don't lend money to market speculators at prime rate. these hedge funds are lucky or previlleged to even have the banks lend them money to invest in bonds, stocks.

the owners and market makers were probably shorting this stock from day one it ipo. it was no short squeeze but to get buyers in...

i'm sure the market maker of that stock made a couple of millions ipo that stock.

i remember in 2001 summer when all these public listed internet stocks started to go chapter 11. I mean these stocks were never about investing but about dumping the shares to the public and than shutting down the business.