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Hey this would make a great idea for the next Ocean's 13 film. The plot is to try to empty out a small fraction of GS accounts to the tune of 300 mill. On second thought, no that's too easy and too plausible - not enough drama there.

I remember reading an article and I think there was a discussion about it on this site where some of these crimes are originating from inside the brokers - people that know how the whole system really works and how the cases really don't get solved. A good professional criminal really...

There's something very strange about this ID theft business. Fastest growing crime yet in this day and age where there is an electronic trail of all that we do it should be the easiest crime to solve. I guess all the players involve simply want to blame the other and be free of the fault...

Another (more philosophic) issue perhaps more suitable as a topic for another thread but can there really be reward without risk? That just sounds too much like "free energy" and "perpetual motion" - impossible so say the 2nd law of thermodynamics. You have to be wary of any talk of anything...

forget to mention another positive the sports memory part. a method that gets you in the flow state is the only one worth trading.

btw i hope the moderator will just this thread down if it gets out of hand as the usual J.H threads do.

Okay so I was thinking of giving it a go on Monday just to see how it goes. I already trade TLs so adding the other side shouldn't be much of a stretch for me. I went to his site and downloaded a couple of videos, but when I play them all i get is sound playing on windows media player...

Looking at it this way I bet even the most profitable traders simply end up making what they risk. If they risk 10%, they're likely to make 10%. Or better yet use numbers, if you risk 1500 points on the YM a year, you end up making 1500. No reward without risk.

Usually most traders track gains and losses. Lets say you use a 10 point stop on the YM and on one trade you lose -10 and the next trade you make +20. So your PF is 2.0. But you actually had a max risk exposure of -20 (if both trades got stopped out) and you ended up +10. So basically you...

LOL, fundamentals don't matter. Fundamentals get made up after the fact depending on what price is doing. I've learned that lesson over and over the hard way.

Nasdaq is now well positioned to breakout to the upside. No matter what tomorrows #s bring, the spin will be positive. If negative numbers, folks will say the fed will move to neutral and cut rates sooner now. If positive numbers, people will say 'see the economy is very strong'. This is...

Someone from IB just PM'ed me. He told me to check if my PL feature was turned off. And it was off. To turn it back on you have to: go to CONFIGURE --> FEATURE SELECTOR --> REAL-TIME ACTIVITY MONITORING --> P&L COLUMNS. Check the boxes on whichever P&L features you want to see.

My P/L doesn't display on either TWS or on the simulator. IB's instructions in the help index on how the display the P/L are wrong. The IB instructions on how to show P/L are: Go to PAGE --> LAYOUT --> then move P/L from the Available Columns to the Shown Columns. The problem is that P/L...

I want to know why options don't trade in penny increments? It seems that options that trade in penny increments would be a joy to trade. Tons of traders would start trading options so now why would the options exchanges mandate .05 spreads, it seems against their self interest. Now I know IB...

Does anyone know if when, options will be available for USO?

You'll come back MMT, don't worry. Remember the day you were down like 17k with a much smaller account.

This is the kind of move no one sees coming. Its a bull market, technicals are bullish, econ data is bullish, fed considering neutral bias, etc. And we haven't seen a down day like this in 6 months. A day like this takes even the bears by surprise. Unless we've changed from bull to bear...

23k/year in the UK has got to hurt considering how everything is more expensive over there. Move to the USA buddy, no other country compares in terms of opportunities for growth.

A B.S. nowadays is the equivalent to a high school diploma. I'd say you may be better off getting a job first a the type a company that will pay for your masters, then go for it. You have you whole life to learn trading and trading is best learned trading the longer time frames using eod data...

I'll be tuned in. MMT seems like a great YM futures trader from looking at his last journal and his recent market calls. When you say you go for 40 points a day on the YM, do you mean 40 per contract? Furthermore, you seem very consistent with YM so why don't you switch over to ES where...