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I remember one of the market wizards making a comment about how foolish it is to have on too many correlated positions - which essentially acts as one huge position. So for me the ideal number of positions is 3. I put all my money in my top three trading ideas/themes - such as: (1) short...

Georgia is a little POS country with no resources and no strategic value. Its "president" is a democratically elected corrupt dictator much like Putin. And it had the audacity to attack a region where 90% of the people were Russian citizens. The Russians did the right thing by...

Buying options is can be just as risky as selling options because of the margin is handled differently for both strategies. For any particular call/put contract - you may be able to buy 1000 contracts but you may be limited to selling only 10 contracts due to margin restrictions. You can...

http://www.realtor.com/search/searchresults.aspx?ctid=2959&ml=3&mxp=2&typ=7 What's the joke or what's the catch?

No 1 point a day wouldn't get you a job at any firm. Most HFs and IB prop desks are infamous for refusing to hire any trader with any prior interest or experience with trading. They only want virgin sheep they can mind control. But at 1 point a day starting with 5k: "It will take...

Its a pure scalping (non scalable) system. He never holds winners or losses for more than 4 ticks and averages 2 ticks per trade. This system is completely non scalable past 50 contracts but even at that level he could make 3 million a year so why the fuk is he trading a 1 lot size on a...

Since marketsurfer is the stereotypical WS paper pushing scum that can't trade for shit I just want to point out that highlifejoker = marketsurfer for anyone that hasn't noticed.

Someone in this thread said that Wall Street isn't Silicon Valley - that's for damn sure. These are two very different industries and cultures. Silicon Valley (SV from now on): To get hired on SV, they don't care if you're not a citizen or if you can barely speak english - as long as you...

It probably hasn't affected Bright Trading at all since they only deal with pro (licensed) traders. But Assent, Genesis, and Echo sub llcs probably have all been wiped out - so anyone know how much volume they have lost. Most the traders on those platforms were probably unlicensed guys with...

How much does it cost a B/D to sponser for the 7, 63, and 55 registration? Don would probably know, so Don - how much does it cost?

I want to know about Assent in particular and other firms in general. If you get licensed and have a good track record of managing risk - how much overnight leverage can you get at a prop firm? I know Don Bright has said in the past that he'll give any trader a million for overnight...

Obama is the Biggest Rock Star Politician since Kennedy. Sure the man has his flaws - but so did Kennedy. There are lots of high hopes for this man and if he fills his cabinet with the right people then he can the great president he is expected to be. I'm not a demo/lib. And I am...

Here's another example: After the tech bust - hundreds of billions were lost. And instead of investigating the shady IPOs, the conflict of interests in IB research and analyst ratings - the SEC instead decided to punish retail investors with 10k accounts by passing the PDT rule.

LMAO - they could've made that charge against anyone of us that trades crude. And no one ever heard of us either.

This is the perfect example of what American Capitalism has become. Today the CFTC files oil manipulation charges indicting some small trading firm no one has never heard of. The name of the firm is Optiver, and no one has ever heard of them!! LMAO. While GS, MER, MS, T Boone Pickens...

I think there is a good chance of another big selloff in equities late this year or early next year. That'll present a good opportunity to fade the next big flight to quality move into treasuries. Thanks for the TBT recommendation. It think buyint TBT is a better idea than shorting TLT.

I don't want to short treasury futures because I don't want to roll over every 3 months. So I'm thinking of shorting TLT instead. Are there any other ways to get long rates?

But Yassar Arafat got one? Doesn't Bernanke deserve one? If the fed is a cartel/mafia of private banks that control the nations money supply then how the hell did they get into this mess. All the banks that own the fed have lost nearly all of the past 3 years of earnings. With all that...

I've hated on this Bernanke character for a while and I love it when Ron Paul humiliates him. But if we avoid a recession, I think he deserves the Nobel prize. He may turn out to be the only competent Bush appointee. Bernanke just needs to hang in there till the end of the year...

I am shocked that after a year of rising unemployment, rising inflation, and the biggest banking/credit crises since the Great Depression - here we are still growing as an economy (albeit at 1%). I think the stimulus plan, which was 1% of GDP saved us so far. So if we do manage to avoid...