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Yes but that's the gambling mentality. Bet it all on black (hopefully with OPM), then double down, double down, double down and hope that you get lucky. No real skills or talent involved.

This is one for the record books. It tops Livermore's windfall in the 29 crash, PTJ's windfall profits in the 87 crash, Soro's one billion dollar win against the pound, etc. One thing I don't understand is how much leverage he had on. It was probably an insane amount like 30-1 or something...

People that talk negatively about Hilter's Germany don't know what the fu*k they're talking about. The guy was a hero - the only thing bad about him was that he went too far with the mistreatment of the Jews. But he kicked Europe's ass and quite frankly they deserved it. After Germany lost...

ES is GLOBEX:@ESZ7 how to I enter YM? I tried: ECBOT:@YMZ7 and it didn't work.

Bundled Fee: 2.4 per contract or 4.8 Roundtrip Unbundled fee per contract (for up to 300 contracts per month): IB execution fee: 0.90 IB clearing fee: 0.30 IB carrying fee: 0.10 CME exchange fee: 1.14 Regulatory fee: 0.02 Total unbundled commission: 2.46 per...

A Bloomberg is not expensive considering how many features it offers all on one platform. I assume thay have the best charts, best data tick for tick probably, the most historical data on nearly every single market, the fastest news, etc. I wonder if backtesting on a Bloomberg is as easy...

Does anyone use Bloomberg to trade Jack's equities and futures method?

I used to think a Bloomberg was expensive but i don't think any other trading platform comes close when it comes to data, news, charting, econ data, historical data, etc. If you try to buy all these services seperately you can easily pay double. Can one execute trades thru IB using Bloomberg?

Got it thanks, i'm experimenting with volume bars.

I don't think it missed any data but i see a very annoying gap on my chart:

There is no wage inflation due to: more global competition, H1Bs, an open border, outsourcing etc. I don't disagree with you, I think you are echoing the conventional wisdom of the Fed and Wall Street. The thinking goes since labor is by far the largest cost of doing business so long as we...

If the Fed disagrees with Fed Fund Futures (FFF) then they can guide FFF up or down with Fedspeak - unless they intentially want to shock the market like when they do suprise cuts and when they cut 50bp to blow up the bears.

Since when does a Central Bank that wants to dump a certain class of assets announce it to the whole world so they can be front runned?

Every single billionaire in china as big time connections to the communist party - that's the only way you enter the club of the superrich. In America you have to work your ass off, invent, innovate, and compete to become superrich.

Is this true of all Assent LLCs? Do they all issue 1099s?

I heard from a trader that trades with Avatar (LLC within Assent) - that they issue a 1099 Schedule C and I thought only brokers can issue 1099? I thought the usual approach for prop firms was a K-1. http://kb.taxslayer.com/article.php?id=313...

I'm bored with ET. I think if I were to put in the amount of time I spend on ET towards starting my own website/blogg I'd probably be better off and it'd be a better use of my time. And its probably a better way of expressing yourself rather than posting on ET and getting into or reading...

funny thread title

Can you imagine government manipulating economic statistics - NO WAY - BUNCH OF CONSPIRACY NUTS ON THIS SITE.

A 7% total return in 3 years is only about 2% a year if the market goes down and if it goes up then you're only getting 40% of the gains. Sounds like these products are basically insurance products and of course no insurance company would ever write a policy that it didn't make money off of...