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Who says no one asks brilliant questions on ET?

LOL...a tad more than that wiseass.....sorry kid but having traded during 87 you think of inconsequentials liek that.

All I am saying is I want a firm that is solvent if we have a severe market break. I stick my neck out trading and want a broker who doesnt.....eg: like their conservatism.

Interesting....I'd be tempted to move from IB if they did!

Am I paranoid for worrying about firms that lower margin?

The self cleared NYSE? I don't think so.

overnight margin is and has been 2x then during "normal US market hours".....doesn't that make sense? due to the thinness

those are the overnight margins....intra day went up but not as bad: es 2000/1600 nq 1875/1500

Ladies and Gentleman: The poster makes 300% on his money EVERY SINGLE MONTH! over 3000% a year! We have discovered the Holy Grail AND argueably one of the most successful traders in the history of the game!

Don't know about the books...I've seen a few advertised....I always keep in mind: 1. Probability of the move 2. My risk level to profit goal (what is my profit goal and how much am I willing to lose to get it). 3. Bet and/or 4. position size The common thread i see with most...

I can't argue because I have only seen the results of a wide range of discretionary traders. I have seen "good ones" last a long time.

How BIG? and how good?

Every year is different. You can't compare 98 and 99 with 2002 and 2003. Lets take the past 6 years. Total compensation (all 6) for all the traders I know, ranged from -2mil to + 75mil. Anything is possible when you trade.

Who cleared Wordco?

Why not? But you could also be capable of blowing the whole wad.

Not a strategy but continued self improvement, money management, emotional control, knowing the time of day, whether we are up down or sideways. The market is like an amoeba, constantly changing, you have to adapt with it.

that "inadvertent" announcement and subsequent pop sure helped sellers of tech get some pretty nice prices! I'm sure they will make it up to Michael!

My experience with them is 4 months and I am on at least 10 hours a day sometimes 20 if I am trading DAX. My guestimate out of those 800 hours is maybe 20 minutes of downtime total which was on their end. After years of experience on a trading floor, with other professional firms, with...

I take a long walk off a short pier.

Inadvertent my ass! Michael Dell is a shrewd if somewhat unethical as far as his trading practices are concerned.