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Ackman was probably hedged against his position, however it's still a ton of money to lose. If Border's doesn't liquidate, then they can emerge from bankruptcy and re-issue the shares for the new batch of traders. Given their current liabilities of $1 billion and debt load, a full...

According to Drexion's statement: "All the reverse splits apply to shareholders of record after the close on Feb. 23, and post-split shares will be available to investors on Feb. 24, the company said." You at least got premium on the covered calls to reduce your cost basis, so that's yours...

"...but they do reverse stock splits to make up for this..." Yep, they get knocked down, and then do reverse splits, amazing. http://www.indexuniverse.com/sections/news/8765-direxion-sets-reverse-splits-on-6-etfs.html

The "true prop" model firms offer training for beginners, whereby they hire recent college grads from top schools and do not take capital contributions. There aren't many equity props around that do this, so it's an exception rather than the norm.

Good info. The op seemed to compare trading CFDs with the prop firms in the U.S. that trade equities. Leverage, of course, is a double-edge sword, hence even trading CFDs are high risk given the amount of margin involved.

Ok, I see your point. There are a few equity props that do NOT take in capital contributions or charge for training new traders, and they absorb the risk of loss, however those firms are considered the "true prop" model and are the exceptions. Also, they cater to recent college grads, and...

Many states are broke so they're going after funds in any manner they can. However, if Amazon is forced to collect new sales taxes it would not affect their existing cash unless they were ordered to pay back-taxes for sales already made in the state (such as Texas), which would undoubtedly...

What would happen if UBS gapped down 2pts at the next day's open due to some unforseen news event and traded flat all day? That's a 4k loss on your 2000 shares, and your capital would be practically wiped out (4k of 5k is 80% drawdown on ONE trade). Sure, it could also gap UP 2pts and you'd...

I think many of the "nervous nellies" got out today, 559 MILLION shares traded. The margin desks were probably quite busy. I agree also, 20 and above will print again, just dead money for awhile. No worries though, a CNBC analyst will soon tout the "valuation" and give it an "upgrade" to...

For clarification, are you implying that the stock may have dropped due to some other rumor/news, perhaps relating to Steve Jobs? Volume today was much higher than normal.

Thanks Kronks, many traders were waiting for the details of this announcement, good info.

AT&T isn't going to let their customers go that easily. Perhaps Verizon had lackluster sales due to the early termination fee. The sharp drop in AAPL was probably due to the hype surrounding the Verizon stores, and when there were no lines, traders jumped all over it. I didn't buy AAPL, but I...

CSCO has been destroying shareholder value for the past TEN YEARS, that's FOURTY QUARTERS of FAILING to deliver to shareholders, while management continues to rake in millions. It's a great trading stock though, pick up in the teens and sell in the 20's, I've been doing this trade several times...

Well, here's a real life example. Just the other day I was watching MCD, which is a NYSE stock. I saw an order get filled ABOVE the current asking price. First, I thought it must have been a bad tick, so I did a history on the time and sales the next day, and sure enough, the trade got...

Usually, 10 to 1 intraday is standard, some are more, 20x, up to 40x. Not sure where you saw 60x, perhaps that's an old post or when someone has developed an effective strategy where the firm feels comfortable to extend that kind of intraday leverage. Overnight has to be less as the firm is...

CSCO down almost 10% in after-hours. The traders who have stop loss orders get flushed out tomorrow at the open. Hopefully you either bought puts or sold calls on your 4,000 shares. Looks like "three times" was not the charm, unless a trader was short before earnings. Best of luck.

Also, the lack of discipline and/or lack of capital are keys. Overcome these obstacles and one is bound to be successful over time.

Rogers moved out of the U.S. partially because he wanted his two daughters to speak Mandarin (and to transfer his assets out of the dollar), as he's stated on Bloomberg several times. Although it's true that "English is not going away as the global language of choice", there is a reason why...

Great article. The "true prop" firm models I've seen are Chimera, First NY Securities, and Trillium. There are probably others in NY, and maybe Chicago, perhaps Maverick would know.

Regarding prop, I paid for training, and then traded through a pop on their dime. Thinking I was ready to do it on my own, I started with 5k for my own prop account, which I soon learned is simply not enough when starting out with limited experience, especially for daytrading as the fees and...