Search results

Which was the last equity broker to have this sort of problem? This only happens to the brokers without any federal guarantee. Not saying gov't should backstop futures brokers, but it's too flip to say that tighter regulation might not have helped the futures merchants and more importantly the...

How about just raising commissions? I don't understand why there isn't a really simple requirement: no customer fund commingling. Period. It works for equity accounts, should also apply to futures.

What a nightmare. I really hope the traders affected by this eventually get their money back.

So what's left? IB? Are all the retail futures traders going to end up at IB?

I'm on a 1 day winning streak - I called the SPY down yesterday. The index was up, but nobody trades the index. Prediction #2: Spy closes lower today than yesterday close.

Pretty harsh sentence. The ironic thing is that this lawyer didn't understand how valuable the info was - he didn't get more than a small fraction of the profits. He didn't think big enough, which is often the case with lawyers, who make big salaries but only compared with other hourly workers...

I think you need to specify direction and instrument.

will this be the end of my gooroo career before it ever started? I can always change screen names, right?

down

How can anyone say the weekly charts look good? XLF was in a bear flag, IWM broke support, IYR broke support, it all looks bad. If we look at sentiment, there isn't much negative sentiment. There's been no heavy volume on this decline. Vix is stlil at normal levels. Not much heavy shorting, even...

Is Covel really a charlatan? I thought he was just a journalist who wrote about the Turtles. I looked at his book and it didn't look charlatanic.

The wrong-way traders at DailyFx are all going long Euro. That suggests further declines for Euro. I don't know what that means, but it probably isn't good news. http://www.dailyfx.com/technical_analysis/sentiment/ EURUSD – Forex trading crowds turned aggressively net-long the Euro...

There are some reasons to believe complacency is too high. For instance, shorts on financials are still remarkably low. These stocks have gone down for years without much short interest. The fact the banks are going down with low or declining short interest suggests complacency. On BAC...

\ traded on what exchange? it was bought out.

Long SRS (short 2x IYR) Bearish outside week on the IYR http://stockcharts.com/h-sc/ui?s=IYR&p=W&yr=2&mn=0&dy=0&id=p77833793307 There is a ton of complacency around. The small trading loss at JPM lead to the destruction of $100s of $billions of C, JPM, BAC market cap. C is approaching...

This is the one place to come for billyjoerob's trading wisdom. billyjoerob is the glad to be the epitome of the "retail trader." He has no system, no software, nothing but intuition, hard-earned discipline and a lazy trigger finger, which has come in handy more than once. This is his...

Tradestation got bought out by Monex. Don't know if its been shut down.

Corzine just sold his apartment at a big loss. He may be down his lunch money.

I tried NT briefly. It was way too involved. Like most of these platforms, it took too long to review my charts and load them. I prefer it real simple, stockcharts in my bookmarks.

Interested in getting a sense for sentiment among the elite traders. Please participate in the poll.