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No I caught that. Just seems futile, the regulating of it (the trading too). It seems strange that the SEC should bother with odd-lot/sub $25k accounts - what are they protecting them from? Blowing up? OK so they blow up a $5k account. So what? It's only $5k. They should be protecting the little...

So odd-lot daytrading is illegal? The SEC is saving us from the scourge of undercapitalized day trading? The 3-day day trading rule is stupid (the most you can lose as an illegal daytrader under this rule is $24,999 - big deal.)

What if the stop is a stop limit order? LOL

A thread for tracking pairs, dual shares (A and B shares) and carve outs. An interesting dual share trade is KMP/KMR. Due to the low volume at the EOY, the KMR shares put the traditional ratio out of whack. An interesting trade would be long KMP/short KMR...

Risk management, huh? Can you define risk? What is it, maximum possible drawdown? Possibility of ruin? There is no definition of risk, so I don't see how you can manage it. There is no risk and no management, only losses and stops.

Look at profitability and not win rate.

NoDoji: http://www.elitetrader.com/vb/showthread.php?s=&postid=3016224&highlight=high#post3016224 "When a very strong stock gaps up on good news, you buy the first pullback. The previous high will be tested and if it breaks out, it's icing on the cake." See how "the previous high will...

Every pull back you buy is a break out you're not buying. The "buy on a pull back at a discount" ignores opportunity cost. I'll unpack that. If a base runner gets picked off and the next batter hits a home run, the fans will say that the pick-off cost the team a run. But that commits the...

I don't see why people are suspicious of this story. Do they doubt that somebody could love $900000 trading? Or that somebody could lose that money and then commit suicide? The "this would have been reported" argument doesn't fly. Suicides rarely get reported. They're really depressing.

Headed now to historic lows? The wrong way traders at Daily FX are all long USD, which portends CAD strength. It looks like 99.17 is the all time low. http://www.dailyfx.com/technical_analysis/sentiment/?technicalSentiment=USD/CAD

http://slopeofhope.com/2010/12/the-very-last-day-in-one-traders-life-market-sniper.html The story is from some guy "Marketsniper" and posted originially on Slope of Hope, the site hosted by Tim Knight.

Trading effin SIZE man

what about traders with too much discipline? Some reach the point where any big drawdowns are too painful so they won't accept anything less than a smooth equity curve. They sacrifice lots of upside in exchange for smaller, harder-won returns. They spend 80% of the time in cash. For instance...

https://www.tradervantage.com/track-record

No bottom fishing, no problem.

There are a ton of sellers between here and $10, that's where the fund came public. But over $10 should be smooth sailing, the discount could narrow quickly.

Actually it might be better as a source of money. If you establish a good track record, could get cash for less than a bank.

http://www.prosper.com/invest/individual_loans.aspx The idea is that you select the people you lend to . . . The returns look interesting. Maybe I should use one of my 0% balance transfers and make some scratch at Prosper.

NAV now at 11.16, shares trade at 9.45 ask. Third quarter letter. http://www.thirdpointpublic.com/default.asp?P=520291&S=520293

So if I set the position at zero, where does that position go? What's it converted into?