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Sounds like a call to start your own prop firm! Put together a business plan keyed off of charging the rates you think traders should pay, get some startup capital together from investors, and go into business. You will have no problem getting top tier traders when you offer the same level of...

"Banking" covers a wide array of products and services. Not many people really hate retail banking. It's institutional banking that is coming under fire. Personally I love my check card. I love being able to review my purchases at the end of the month without the need for saving receipts and...

"price will almost always go to where the maximum pain for traders is , just before reverting." If you know where "price will almost always go", it should be a snap for you to coin money from the game.

Vegas loves a "system"! Studying trading has absolutely ruined casinos for me. The wife and I were in Vegas a couple weeks ago. I couldn't bring myself to play a table game. Just couldn't do it. I was sad. I used to love sitting down with the mrs. and seeing how long we could make $50...

How much does weed cost? At the retail level, at the wholesale level?

What you really needs your attention is delta from the norm in regard to talking heads. Their normal range is "everything is fine" to "things might be a little shaky right now, but everything is going to be just fine real soon". If Tim or Ben or Obama came out and said "well the economy is in...

The lack of the big feature with the little name doomed this device from launch: App Store. There's a lot of bitching about the App Store review process, but you can't deny that it is filled with G-rated material. Less than a handful of inappropriate apps have slipped through, and they are...

Murder, plain and simple. The victim was not struggling, he was cuffed. One cop held him down, the other coolly and calmly pulled out his gun and squeezed the trigger. If there wasn't a video phone recording, this would be (and forgive my language) "just another dead nigger who was resisting...

The thing that shocked me the most about Tiger, was that so many people were surprised that he cheated on his wife. 1) A wise man once told me "no matter how hot she is, somebody is tired of her shit". 2) Tiger is a young, good looking, affable, billionaire athlete. I would be shocked if he...

Thanks for the heads up, this is exactly what we need more of around here. There's no way I would risk doing this filing on my own. What kind of questions do I ask a potential tax accountant so I know that they know about all this stuff, and more?

Game theory is more than just the Prisoner's Dilemma, the Monty Hall Problem and casino odds. ET would benefit its readers with some discussion of how it applies in the really real world. http://en.wikipedia.org/wiki/Game_theory

http://www.nytimes.com/2010/07/03/business/economy/03illinois.html?src=busln Clifs notes: Illinois' finances are in the crapper. Is anybody gonna step up and and say "stop spending" to gov't? I don't think so. All the people smart enough and strong enough to say it are in private industry...

Go long railroads and utilities.

Best post in thread. :D

You should know exactly where the "mean" is that you expect it to return to, before you ever enter the trade. That's your profit target. Your stop will be some multiple of noise so you don't get stopped out while you are waiting for price to return to the mean. Proper RTM profits are small, fast...

You trade sexy.

A) You are assuming all people are ambitious like you and me and the people you listed. Take a walk outside your upper-middle class neighborhood and go actually see how many people out there work jobs they hate just to put food in their bellies, rent a shitty apartment, with hopefully a few...

Who is bad mouthing mean reversion?

Raise your rates a point and a half, then offer promotions to reduce it to where it was before!

You have to admit, it would explain a lot of his posts.