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I filed a 1099 last year. I am a retail trader. If I'm putting 0-20% down on car that costs over 40k and depreciates fast or if I have a bad credit score/history then I can understand being asked for tax returns and bank statements. But if I have great credit and I'm putting 50% down...

Lots of conflicting information, so here is my plan: I will put up 50% cash and ask for a loan for the other 50%. I will say I am a trader and list the firm and address I trade at. If they ask for tax returns and banks statements and all that - I will just pay cash for the full amount.

I'm getting an Acura TSX in the next few days. I've never bought a new car before (I bought used) so I've never needed or gotten a loan. The loan will be from Acura (Honda Financial) not from a bank. I wonder what I should put for employment. I'm just going to say I'm a trader for the...

I better spreadsheet would break apart CBOT/CME fees from IB fees and then sum them up so one can see how each fee changes at higher volume tiers.

Can you repost this chart going back several years when crude was $10 - that would make a much stronger and impossible to refute argument.

Whether you Blow Up before or after you make millions, there is a 95% chance of you being poor and destitute because you just don't have the risk management and money management tools that Institutional Investors have that enable them to survive. This is why any broker that caters to...

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A single bank failure depleted 10% of FDIC reserves. And bank failures are just getting started.

Why do you stalk him? You're just a jealous little bitch because you'll never even have 1% of the money that he has.

So Cox on CNBC today says that naked shorting is illegal. So whenever the big IBs want to destroy a company the can just spread rumors then create phantom shares and drive price into the ground. That way they can create either a self fulfilling prophecy on the fundamentals or at least destroy...

Right after Ron Paul took a leak on Ben Bernanke by calling inflation a tax and Ben Bernanke the biggest taxer in the country - CNBC cut Ron Paul off, LMAO. Towards the end Ron Paul left Ben Bernanke speechless.

Everything is fucked up today - charts (even with Quotetracker), data, everything.

I thought TWS was to have merged with FutureTrade by now - what happened?

This move down in SPX has been relentless but - the VIX and TED haven't confirm the move by hitting new highs - so I see that as a bullish divergence. Paulson asked Congress for a blank check in bailing out FRE/FNM - so that means financial calamity will be avoided. We spent 3 trillion in...

The Answer is None. There is not a single country in the world with a positive real interest rate. That's just goes to show that there not a single central banker in the world that gives a shit about inflation. That means right now they are perfectly comfortable letting inflation get out...

We have stalemate right now - bulls really don't want to buy and get smoked again like the last 3 times but they also don't want to sell the panic bottom like the last 3 times. And that's why we see a bullish divergence in the VIX and TED spread. This financial crisis will soon pass. You...

I bet it was the $10 move in CL in just minutes that caused this change - that move probably blew out many accounts at IB. But if that was the case then eliminate intraday margins on CL instead of on all futures.

This maybe true - but how about some fucking clarity about their margin policy. They just can't eliminate intraday margins whenever they feel like it. How about having a clear policy such as: VIX = 10-20 = Intraday Margin VIX = 20-30 = 50% increase in Intraday Margin VIX = 30+ = No...

These morons always eliminate margins right after the VIX tops.

That's a good question that OP has asked. Let me present an example. Let's take ES futures: Expiration is July 18, 2008. Lets say you want to sell 1100 puts for 0.25. But instead (by mistake) you sell 1100 calls for 0.25. Now the close for the 1100 calls was 140.20 but there is no...