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1. Once you have their money, you never give it back. 3. Never spend more for an acquisition than you have to. 8. Small print leads to large risk. 10. Greed is eternal. 34. War is good for business. 35. Peace is good for business. 44. Never confuse wisdom with luck. 47...

fully agree with AllenZ. everything was going up if you picked them at the open. rest of the day was flat. the ideal imo was to be long since friday. that's why I took profits and left the markets early. other styles would have no overnight so scalping to death. others would trade S/R all...

it all depends on your style. friday was very good to me. monday had follow up and then churning. I left the market at 11:00 I think (taking more profits on the follow up from friday). Cash is also a position. tntneo

DPG, come on ! very few traders make consistent money. so you are in a select group. going for something else might cost you a lot. it's like someone finding a gold mine and then thinking "well, it's hard work to hit these rocks... let's leave it and look for a diamond mine somewhere"...

with PDT, and you mentioned it, there is no choice (but go with futures or get the minimum capital). if you don't have enough money, you can't absorb drawdowns. when you learn you should start with 100 lots only because of drawdowns. The concept is slow bleeding. If it is slow enough, you...

it's just a job guys. It's not an art form, it's not a super hero thing. Indeed, I try to avoid saying what I do. When they ask too much, I might say I work in 'wealth reallocation' or that I am a 'ferengui' or something. Seriously, I just say I work with computers and questions usually dry...

chas, LOL.. too many, clever answer and I agree. 30-40 for me and the index futures of course. A lot of software is helping though. tntneo

blaming decimals does seem baseless. I do think decimals make it more difficult for traders. But I can't agree with a long term effect of decimals on longer time frames. Investors who read Barrons want someone or something to blame for their stupid mistakes. Long term investments was and...

I fully agree with you darkhorse. Bust cycles do last longer than people think though (remember it was supposed to be over 18 months ago). Basically it has to last a good fraction of the time it took to build the boom (think 30% or 50% of time). And that is, IF a next boom does start (the...

stocks, options, futures.. all the same. no wonder some of the biggest funds in Europe officially are located in Netherlands and Luxembourg. Any European citizen can go there and can't be denied residency. just some very limited paperwork. It is harder for outsiders but nothing to prevent...

setharb do you do any arbitrage ? and what about you metooxx ?

also, you are a prof if you have a license.

Everyone should have one. For a simple PC at home office, these (APC and others) are good enough. I got good surge and even more often low voltage protection from these. I doubt these solutions have long lasting batteries. It does not really matter. I suggest you test it once a quarter at...

Good question. It used to be no problem to deduct, but the new rule (with the 4%) may have changed that. I am no longer in the country, so I can't say. tntneo

I used to benefit from this. It is a fact : no capital gains but the fixed percentage (very reasonable... a few percent only). US tax treaty gives full benefit : you pay ZERO tax in US on capital gains. Of course you must be resident of the Netherlands. I miss this time very very much :(...

yes I think it's a great idea. P2 did that with many notes on the specialists he dealt with.

margin : with pro you can get 10:1 at IB (intraday AND overnight 4:1)

True that. Anyway, Go where you can make money. If what is fashionable makes big $, go for it. Being pro something does not mean being against all the rest. Even though I am fully NYSE now, I am aware other markets are really tempting (think forex?). On the other hand when you have a gold...

the NYSE/OTC debate is always hot. I don't get it. While most involved know only trading in one market not the other. I used to be a Naz fan (being in IT and all). Truth is specialists are also traders and traders you can work with as opposed to against. Sure if you try to play against them...

So true !