Search results

I'm no genius but here's my reply to your presumptious ass 1) He went to a trader's site because there are professional traders or people in the Financial services business that have MBA degrees that know and can give USEFUL advices rather than going "I got the biggest prick in the industry"...

"Where do you guys think the best salary and/or overall job opportunities in finance exist for a current physics student? A PhD, possibly in mathematical finance, or an MBA." That was the original question, Fx. He wants to know what can give him the best salar and job opportunites in finance...

I think we all digressed from the original point of the posts which is - which is better, an MBA or a PhD? FXScalper went on and talked about "I'm the biggest baddest thing in FX Trading without a degree". Well, whether that's true or not, that's not the point. I don't think the OP is...

Deringer, I concur. I think Fxscalper or whats-his-name has some serious self-esteem problem. People that actually make the huge bucks don't need to talk about it nor need any kind of validation from anyone else. My take on this entire subject: Go with an MBA if you prefer the salesman-type /...

how common is it that unsecured bondholders get equity in the new company? Is it highly probably from past occurences? also, is it usually a 1:1 where each dollar owed is equal to dollar in equity of the new company?

I feel a lot of traders that are even slightly successful frown upon almost ANYBODY that desires or thinks about being a trader. It's like this aura of "I'm walking on water and you can't" is around them. The OP knows the pitfalls of trading but he has enough money to give this a shot. The...

jem, don't be stupid. Do you have any facts or statistics that can prove without any reasonable doubt that a business is easier to start than a trading career other than statement "9 out of 10 traders fail"? Also, i disputed the claim that opening a business is like a lottery. If that's...

That's not fair succeeding in a business and equating that to lottery. That's bull. You're saying he's almost equal to someone who works at Walmart for the past 10 years and the only edge he had was that he got lucky in the "lottery"? My brother has successfully started and sold 2 businesses...

DHO, I agree with you and what you had to say. I really do see a lot of people here who, instead of warning the OP, they're discouraging him. To the others: Who are you to say he can't do it? I don't encourage friends to trade for a living but if they want to, all you can do is tell them the...

Not my actual P&L, but an Ameritrade misquote of CMKX at .01 check this out.

Den of thieves known as Russia? come on. It's not their fault us americans consume and waste energy like there's no tomorrow. We consume 25% of the world's oil. I understand we're industrialized but that's the price we pay. Demand and Supply. You think Microsoft should drop their price of...

Kudos to all of you guys that are cool enough to acknowledge and post their loss, I think it keeps this thread more realistic.

I hate to sound like an ass but you might want to try searching this forum or buy some books. This definitely is one of the most asked questions.

You're right to a certain extent, I don't think anyone can 100% correctly project the bottom that's why I said start nibbling back in. If you normally play with $200,000 per stock, buy in at chunks of $40K and slowly scale in with a mental stop at a certain level. Apart from hurrican...

I would have to agree with the original poster. Bad news will drive stocks down which is perfect opportunity to start nibbling back into stocks when things are bad. If you're only looking to buy in when the roses smell good, you won't be the only one getting in on the action. When things...

lol. i think you misunderstood, i meant trading with 150K cash - not 150K profit. lol. I've never had that - EVER. Maybe 1 day. well, good luck with Bidu tomorrow. I see bidu possibly touching $150

Diamondtrim: are you playing with margins or is that pure cash? Either way, I gotta give you a good pat in the back - good job buddy. Those days of trading 150K a day are gone for me. Not that I can't, but I'm just a little puss - I play up to 80K a day (plus my holdings) and that's all I...

I agree with the first post, the bears are in for a rude awakening in October. Despite the bearish overtone this year and high oil prices, the market has held up pretty well. My personal opinion is that oil prices will begin to decline as refineries come back up and the continued slowdown of...

I agree, I don't know if that post was meant to say I'm better than yours, a BS post, or what... One thing I learned is this, 2 years ago, I was averaging about 5-6% a month for 8 months when I started daytrading then I thought I my system was infallible. I didn't think I could go wrong...

I think the 3 posts prior to this are correct. BUT, I used to still have to break it down one by one with wash sales and stuff in my sched D. BUT, I know what stocks I am net loss for the year and I try not to trade it 30 days going into next year so I can take the loss for that year. I...