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Max Ansbacher has been doing this for almost 30 years. http://www.ansbacherusa.com/about_us.htm

First of all, trading is a BUSINESS. Hence, it should have a high failure rate. I read a survey about two years ago. Over 70% the small business in US folded within the first two years. Over 80% of them went under within the first five years. Secondly, nothing is easy. In this cruel...

I often got price improvements(two to three pennies), when QQQQ options were executed at BOX.

The overall option volume surged some 31% in 2004, and is on pace for 20% to 25% growth in 2005. I believe these percentage growth rates are much greater than those of the stock volume. As there are more and more players in the field, option trading will become more and more competitive. This...

According to the article, "The Art of Option Selling", Ansbacher only traded a maximum of 25% of his available capital at any one time. If he has good discipline to cut loss, a three-sigma event will hurt his performance, but not blow up his account. He claimed that he mainly sells Put...

IMHO: According to my experience in the past two and half years, the monthly returns posted on his web site are achievable. However, the success of a trading system depends strongly on the implementation details, and discipline. I do NOT think he has given away all the details of his trading...

I agree. OptionsXpress trading platform is up almost 24 hours a day; 7 days a week. I traded with them for over two years, and could not recall when I was unable to access my account. Interactive Brokers is a completely different story. However, the margin requirements for selling options...

Take the founder of DE Shaw Group as an example: David Shaw received his Ph.D. at Stanford University in 1980 and served on the faculty of the Computer Science Department at Columbia University until 1986. He then joined Morgan Stanley as a Vice President of a proprietary trading group...

Index Arbitrage would be another example. The concept can be understood within ten minutes. But it needs a total package(a really BIG one) to execute this strategy flawlessly.

I believe that there is "margin call" for mortgage. The house owner borrowed a fixed amount of money using his/her real estate property as collateral. What will happen, if the market value of the house drops well below the mortgage loan? Since a bank hates to lose money, I ***THINK***...

The following question has been raised many times on this board: If you have found the holy grail, why would you want to sell it?:p Similarly, if it is so easy to become a successful trader, why are so many people a) working over 60 hours per week at restaurants?:D b) flipping...

The housing market in Hong Kong is another example. The property price there has been going up since 1971. In mid 1990's, everyone was talking about investing in real estate properties to get rich. When the housing market finally collapsed in 1998, it was really brutal. Many people had...

Self-taught as well. Try stocks, futures and options before choosing one type of instrument. Never pay much attention to technical analysis once becoming profitable.:p Too lazy to study charts, volume, etc.:D

The fund's performance numbers are a closely guarded secret, but it is believed that the firm does make money, with above-average returns in an increasingly tight hedge-fund environment. "It's one of the most successfulquantitative investment-management companies in the history of the business,"...

D.E. Shaw is a hedge fund. A trader in a hedge fund receives a base salary, plus bonus. Before the big losses in 1998, they offered sign-in bonuses, and guaranteed bonuses to new hires too.:p http://www.elitetrader.com/vb/showthread.php?s=&postid=200371&highlight=shaw#post200371...

Trading is a process of personal creativity. You have mentioned several profitable traders. I bet each of them has found/created at least one strategy that matches his/her personality. That may account for their success. Do these strategies match your personality? Trading is an "Art"...

It may be a good time for you to consider swing or position trading seriously.:p According to the poll, over 72% of the people on this board are profitable traders.:D We deserve the honor: "Elite Traders".:cool:

No guts, no glory. May the force be with you. :D Good luck. :p

IMHO: It also means that she may lose $5,000 a day occasionally. I think most of the people on ET lose less than this amount of money on a single day too.:p

You are not allowed to front-run me.:mad: :mad: :mad: :D :p :cool: