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A couple of ETers I know personally have made far more than 50K this week alone. They are very good at making high-probability directional bets, using some of their proprietary techniques. Saying you can't make 50K is plain silly.

Anyone know if Dr. Steenbarger ever does any seminars outside of the US?

I've just taken a short position in COF. I think it's overbought :eek:

Your starting point is Michael Covel's work on the history of the turtle trading movement. Also get Chan's book on algo trading and Leinweber's new book about the markets.

Hi Sanjay, What I was saying was if you're getting into any emerging markets (and you're right, it's not Asia only), you may not know all the factors that affect local stocks. BRIC markets are less efficient than their more mature counterparts in Europe/US. They offer more prospects, but...

I don't like your tone (not the exact equivalent of "I don't like you", but dangerously close). You a are strong candidate for my ignore list. I'm an open minded person, and if you can prove your point, fine, you win. Show me some charts/data, which confirms that a trader's revenue increases...

Couldn't agree more. In the hot dog business, your edge is more tangible, it can be achieved through the following: 1) Top quality, buying THE BEST saucages for your hot dogs. or 2) Lowest price, but buying THE WORST saucages for hot dogs. plus 3) Location, location, location...

Be careful, the Asian equities world is very tricky. If you're a Westerner, it may be safer for you to stay out of this game. There are some very serious interests at play there, and a Western retail trader can get easily crushed. Establish contacts with locals if you are serious about...

An interesting point of comparison that has popped up in one of the threads here, is: trading business vs hot dog vendor. Of course, "hot dog vendor" is just a metaphor for a simple, small business operation. It could be a small store or restaurant. 1) Cash flow patterns Hot dog: There...

I wonder if people have any views on good long/short candidates in that part of the world. How is Toyota doing? I know a lot of its workers are pissed of by the crazy hours and monotonous work, and the company is experiencing problems generally.

Some of my friends think trading is all about financial entertainment. I argue with them. What are ETers' views on this?

Thanks for the info guys! This may be easier than I thought, at least the set-up formalities. Sounds like there are a number of ways to do this, but our goal is to try to do this with the least amount of pain possible. Although, as they say, no pain no gain :D

Michael, Not everyone can afford to buy your book. Most ETers are losing money on a regular basis, and the can't afford anything extra. Based on your research, can you give us two or three FREE paragraphs here, discussing who is THE BEST turtle, in your opinion, and why. I do think the...

Michael, Not everyone can afford to buy your book. Based on your research, can you give us two or three FREE paragraphs here, discussing who is THE BEST turtle, in your opinion, and why. I do think the turtle movement can serve as a role model for aspiring traders, but we really need to...

Michael, Not everyone can afford to buy your book. Based on your research, can you give us a two or three FREE paragraphs here, discussing who is THE BEST turtle, in your opinion, and why. I do think the turtle movement can serve as a role model for aspiring traders, but we really need...

There are some things we want, and some things we don't want. Nothing wrong with that. Just looking for our edge.

InvestorTerry, thanks, excellent site! Tons of useful info there.

We are thinking about assembling a boutique trading operation with some partners from South-East Asia. We want to be protected by US legislation, and would like to set up an LLC. Can anyone recommend any good books on how to set up a US LLC correctly? We don't want to incorporate locally...

Well said! BTW, there is some interesting work by Michael Covel on this subject. You may want to check it out as soon as possible. In terms of looking at this as a business, the first thing I would ask myself is: ok, do I want an LLC or an LLP? You know, that sort of thing. . . Some people...

Mark may be a nice man, but he's a dwarf compared to real options traders like Natenberg, Budwick or McMillan. Very insecure . .. Thus all the "disclaimers" in his forums and books . .. Rookies this, rookies that . . .