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Dont' recall *that* precisely, but somewhere around then. It was when Hitman was chasing his Princess and I had my first Datek account. Ah the memories....

Sure. Why not. I knew about this website years and years and years ago when I just started out learning about stocks in school. It's just entertainment now - breaks up the slow days.

You are now my favorite person [who I've never met]. This is hilarious. This is going on my bloomberg greeting tag tomorrow.

First, if you are still in HS (and I wouldn't brag about 3.0 gpa really), then please, for the love of god, listen.... there are things traded that aren't stocks, options on stocks, futures on stocks, or commodities. And you also make the mistake of thinking that I don't trade. But that's...

The kid may be trying to make a point. However ignorant, we can ascribe the stupidity of that point to youthful arrogance. I'm not entirely sure what your excuse is. Nevermind an excuse, I'm not even entirely sure what your point is. Perhaps the laymen will read your 'prose' (for the lack of a...

I guess you are right. Why bother with making actual money when you can "be your own boss" and "trade for yourself." I mean, what were those geeks thinking taking $250k-$500k jobs and those "portfolio managers" running a billions of dollars taking home millions a year.... I dont' see why we...

Did you just ask how math and science can forecast weather? Wow. You do understand that in an actual investment operation, there are more parts than just "trading" right?

Um... I very much doubt the description meant the management of position in terms of trading/investment function. At best, maybe running some position reports, which makes it an upper back, back middle office job. Just look at the salary level for a clue. Middle office earns more than 38k a...

Um.... it sure sounds like it. When we hire backoffice, that's what we put on the ads. After all, it's making sure trades are properly confirmed with the counterparties, checked with compliance, and entered into the accounting/custodian/etc systems.

Why not? It's enough to live on - that is - to find a small apartment, commute to work, and eat. You want more? well... then you better be able to provide service worth more to your employer than 38k. otherwise, 38k is exactly what you are.

It's a backoffice job. Backoffice jobs are mindless but certain not low pressure. I can see our backoffice where I sit - these guys consistently get yelled at. It's pretty much the same everything: operations is the worst place to be in. But.... I've seen backoffice guys lifted into the...

How does this make any sense? LIBOR = Risk Free + AAA/AA Bank Risk Spread. The risk spread is up across the board (to some degree).;

Ah - sure, let's stay ignorant than. "The smart ones know what they don't know. The idiots believe they know everything." - See, I can come up with superficial and witty statements too.

I'm pretty sure the people here are going to rip into me here for this, but "trading" is the last thing you ought to be thinking about doing after college. A decent position at a sell/buy side firm will teach you things 99% of people here have never been exposed to. What you do after that is...

I hate to be a jerk and give you citations, but it's been a very long time since I looked over Newey-West and I don't want to give you the wrong information. These two, I think, are the original papers (which means, of course, they will completely suck - but at least you can scan it quickly for...

Um.... I was just taking your very silly and trite notion to its logical conclusion. Of course it's hard to not lose money. It's equally hard to make money (they are just flips of each other, no?) If you don't want to lose $2500, then don't trade. Trading entails probability of losing. Does that...

(1) Can't imagine a trade where there's no risk of losing money, (2) If "If you can break even on your trades or make profit" isn't true, then you shouldn't be making the trade at all, right? (3) If (1) is true, then there's always a risk of dipping below $2500 on the first trade and no...

What does that mean? Not lose?

Wait a second - there's no inflation on gold standard? I seem to remember the spaniards had a little problem with that when a lot of gold was discovered.... Moreover, inflation isn't fun - but neither is deflation. Some might argue that deflation is worse (think Japan - inflation can be...

Ahh... see - the skills needed to open a trading account and be a "stock/forex/futures/options trader" are: (1) be able to read and write, (2) can add a few numbers together - not necessarily correctly, (3) can tell the difference between a blue line and a red line. God bless their hearts.