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What about the other side of the balance sheet?

Agreed. Take all the traders out of Goldman, put them in single offices with a Bloomberg and 2 trading screens, and let them trade like a professional trader, ie just them on their own with NO backup. Then come back in 6 months to see their trading results. I'd bet big money only 10% of them...

Mike Bagdaddy is making out he's some super trader. Turns out he's a training vendor breaking out on his own. Love they way these guys re-invent themselves.

I agree with def's post and think that IB is one of the better guys out there when looking out for client funds. However, this is the problem with ALL the financial firms right now - they'll all be saying the same thing, ie "we're good, we're not like the others, you can trust us, honest!"...

I like that strategy, my alarm is now set :)

With that sort of leverage it won't take long for your money to be subtly transfered to the broker. Be smart, use 20:1 max and you've got a real chance.

You're right, it's absolutely ridiculous. Surely entering in the following on the one ticket should be a given - Buy 1 lot of Gold @ 1650 If filled work the following - Sell 1 @ 1680 OCO Sell 1 @ 1640 stop. I'd love to know their reasons for not allowing these types of...

So many corporate cliches, but you missed one - 'next generation software' :)

Why not ask this question to find your common sense answer - Where are the big financial capitals of the world? Answer that and you'll work out where the majority of the big funds are located. Doesn't take a genuis.

Most idiots don't want to hold 'overnight' because they think it's risky. What they don't realise though is they actually carry more risk day trading because by definition their profits are limited to the range of that day. Folks, look at a chart, there's far more to a market than the next...

The IMF was setup to financially rape less developed countries for the benefit of the rich countries. But their role is cleverly disguised so they're seen to be 'helping'. NEVER let the IMF into your country otherwise your country will pay a very long term price........

Always plenty of 'mentors' available if you get your credit card out. But a proper mentor, not a marketer, for free, why would he/she do that?

Seems about 80% of the market sees a Santa rally as a sure thing.......... Maybe it is, but how about we smash lower first of all, get the easy money crowd out then rally. Markets are perverse didn't you know :)

Agreed. Plus you're going to be using up a lot of emotional capital on the trade. So be smart, don't try to get clever, ie - 1. You put a trade on 2. It didn't work 3. Take the acceptable loss, and then 4. Move on to studying the market/price ready for the next trade

But surely a car like that with the rims just makes you look like a prick? Whatever the case, it's hardly something to brag about.

Good point that, and you're right. The present mess is hardly that much of a mess for the above, only the poor citizens.

I think that event might be the first time in history it's ever happened. !STOP PRESS! Expected accountancy problems were one big mistake, the company's books are fine :)

The masses are getting very restless about Wall Street, that's obvious. The masses view Goldman Sachs as evil. Governments like to throw the masses a bone or two now and then. Talk about wrong place and wrong time for Corzine. Timing as he well knows is everything in the...

That's a beauty. And so so true.

"the industry is shrinking" Reason: 90% of them can only make money in a bull market, from both going naturally long and off the increase in bid-offer flow. Same with banking business (making loans, not trading related). Folks, it takes little intelligence to make money in a bull...