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To prevent ID theft, if you're really concerned about it - how about this: Contact the 3 credit agencies and put an alert on your file. That'll prevent anyone from opening new credit card accounts or taking out loans under your name. Granted, it also makes it harder for you yourself to get a...

So i guess swiftrade is the turnkey approach to opening a prop office, right? That's probably the key to their success, anyone can open an office as long as the franchise chief (I suppose its Peter Beck) gets his cut which is probably 45%. Why are there no offices in the US?

How safe are IE7 and Firefox 2.0 before the hackers exploit every security flaw?

First of all relative performance is all that matters. If SPX goes down 10%, your peers return -10%, and you return -10%, then no one cares. But if you return worse like -15% then you'll get a lot more redemptions than other funds. But if you return better like -7% then you'll probably get...

Will not happen until there is a clear evidence of employment falling down to recession levels.

I guess the fascination with predicting is in that people think its a low risk strategy. For example you sell a market top thinking it is THE TOP, and if it isn't you can always get out with a small loss or with a scratch. This is true. But most often you'll get stopped out a lot because i...

For years now people have been predicting a recession or a market correction but it hasn't happened and it will not happen. People have mentioned high oil prices, housing market collapse, $18 nat. gas last winter, dollar collapse, stagflation, etc. etc. But the bottom line is that as long as...

Top 3 fundamental indicators: 1) Initial Claims (Employment more broadly). 2) Consumer Spending (Consumer+Business Spending more broadly). 3) Inflation (Money supply and monetary policy more broadly).

Initial Claims:

If there nothing is actually being 'delivered.' With oil futures and all commodity futures you have delivery of the underlying. With equity options you have delivery of the underlying. Just curious.

Its funny most of the threads created in this section are created by guys that want to leave their jobs to get into trading - if they only know what they're getting into (a lot less than they bargained for). I think you have to have a big bankroll to make it without leverage - like 500,000...

For you guys that got a job for the security but never gave up trading, has your trading improved? Yes it requires a lot of time/money to know what all the pitfalls and mistakes in trading are (so you don't repeat them) - but when you get to that level: often your risk capital isn't enough to...

Hit Its pretty clear that you had to no love for the market to begin with, you did it for the money and when the money wasn't there you quit cold turkey. Its fine to get away from the market and pursue other things when your confidence just isn't there. But I mean come on - you can't risk...

OMG, I can't believe I missed this thread and the silence is so deafening. Hit, so you've decided to bless ET with your presence again. Well I tell you what - you had quite a following on this site a few years back. And now you come back and no one you recognize replies - that goes to show...

Those red lines drawn on top of price action on PL's charts - are they drawn in realtime?

LOL. Hydro is right in regards to IPODs though. Apple computers are the best out there probably because they have a market share of like 3% - so there is an incentive to make great great products to increase market share. But Apple controls like 70%+ of the mp3 market so there quality is like...

Bottom line is never play a game of chicken with guys that have more money than you and are a lot more possessed by fear and greed than you.

Re: hunt family. That's funny, yeah I knew the brothers were trading their inheritance and then blew out and declared bankruptcy - but I guess they had some money the govt. couldn't touch.

Yes 3%/97% ratio of long term speculative money to short term speculative money may seem a bit to steep but I'm sure it is possible but perhaps 20%/80% is closer to the truth, but the bottem line is that a small minority of guys do most of the volume. Long term speculative money are the Mutual...

Manipulation happens all the time. Guys have cornered markets many times in the past. Manipulation was Livermore's 'edge' he cornered just about every market he traded until the SEC made it illegal then he blew his brains out. Remember the guys who cornered silver in the 80's and blew up when...