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well if 30% markup is normal, then you can buy it for 130% value and then sell it for 125% value on ebay and really only 5% is gone (or something like that). it makes my head hurt to know that so many people so unfamiliar with reality get jobs writing for real companies.

with the current state of affairs isn't it many multiples more likely that the white male will be made the scapegoat rather than the victor in this process. open your eyes to the rampant racism that has been embraced by our society. it isn't the anti-ILLEGAL-immigration that is truly gaining...

back then the top tax bracket was also 1 million+, which inflation adjusted is a shit-ton more than 200k. if we raise the top bracket to 10 mil then there wouldn't be as much complaining about it being raised i guarantee.

meeting with a potential backer today- wish me luck

making hundreds of percent per year is all fine and dandy until your system stops working for a couple months and you find yourself down 50% and then it starts working again for a while, but then eventually you have another couple bad months and end up down another 50% (but still maybe a higher...

i traded at a firm of 50 people and my average of 1.5x your daily stop/loss per month was unmatched by the rest of the firm. (ie. if you say your daily stop loss- since i flatten up each day- is equal to 1 or 2% of your total capital, i would average 1.5% or 3% / month). as most traders are...

made some phone calls, looks like i'm going to get 32 cents / round trip per contract after i buy an AM seat. matches best rates i've gotten at my old prop so i'm fine with that- hopefully will be trading by the end of next week. also started to get in contact with potential backers so we'll...

alright quit today, will be running 200k in a new account hopefully by the beginning of august. i'll be running a 12k pukepoint from the beginning, as I can reload if necessary- but my worst historical drawdown would be about -63k at those levels, so I'm quite confident no reload will be...

i feel like it'd be simple to get around this really for anyone who wanted to. just set up an internationally based company- give them the money, and have that foreign based company do the investing in your hedge funds.

I'll be managing my money using a 5% var limit, but resetting quarterly- so at times this may lag and turn into a slightly smaller or larger amount. I know this is an aggressive management system, but had I been using it the last 5 years my largest drawdown would have been 30% (and I'm...

So it looks like I'm going to be leaving my prop firm and starting out on my own at the beginning of August. That being the the case, I'm going to try and keep this journal going, to help others, and hopefully myself along the way. I'm a US treasury yield curve spreader, and plan on dabbling...

none of these things are happening more than before, our media is simply getting good enough to the point that you hear about each and every incident. back in the day you think we ever knew or gave a shit if there was a tsunami on the other side of the world?

there are others who believe it wasn't ww2 that got us going again, but the wiping out of all the bad debts in the world that it caused. nothing flushes bankrupt loans to the forefront like a war and it is those bad loans that cripple the economic power as long as the exist. (ie japan, ie the...

is this allowed? can you make an llc with say 200,000$ and then open a brokerage account under the llc to trade futures with. then if there was some sort of flash crash where suppose you were levered 10x1 and managed to lose 400,000$, you could somehow not owe the other 200,000$? or are all...

the only graphs i'd really be bullish on is one showing how much money the government prints, and the other is the long-term likelihood of america going bankrupt in the next 30 years. both of those seem to be steadily climbing, think parabolic.

just trade spreads, and double down on losers- flatten up end of day and set a stop loss limit for each day of no more than 3x your average winner. that is a recipe for success. doesn't even need flour.

if you are moving to chicago- a very fun area to live is in the 2-3 blocks north or west of wrigley field. fun cubs atmosphere in the summer- near bars if you want to go out- yet still tree-lined streets. w/nearby access to the public transport if you do that, and most places come with a...

i'm more scared that naked brittney spears isn't anywhere

+1

if there ever is a significant amount of money holed up anywhere, you can trust the government will not hesitate to tax it when given the opportunity- i think it is quite unlikely that roth ira's will escape the tax for the 40 years or so i'd have to wait.