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actually someone did mention heding. btw, poker is nothing but wealth transfer and entertainment. The stock markets serve to provide capital for businesses, give average people the opportunity to participate in investing in the economy, price companies, encourage new ideas, etc. as far as...

I did (liquidity, tighter spreads, lower commissions), and only below did you address it (and poorly I might add).

I'm sorry, but that's crap. Big spreads and liquidity add up quite a lot. If numerous consumers want to exit, there is not much liquidity, they are probably going to get hit much harder in their sale. And with no liqudity, spreads can be 30 cents. In a $30 stock that is 1% right off the...

Entertainment Value? :D

In all fairness he didn't say that poker was OK (unless you use the winnings for good I guess). But I am wondering why he has discounted the benefits trading provides for the investing public at-large. He has yet to explain.

ie liquidity.

What's silly about adding liquidity and tightening spreads for the general public (and yes, making commissions smaller). You have yet to explain how that isn't a service.

And that is why I said "the vast majority of people." Only a very small portion of people sacrifice greater income in something they would enjoy in order to do something they feel provides a greater contribution to society. What's more, only a small portion of occupations can truly be argued to...

This is true only if one is a good teacher, doctor or policeman. But do people open up businesses for anything other than purely selfish pursuits? Give me a break. The vast majority of people work to make money, and they hope to do something enjoyable in the process. Same with trading. And the...

http://www.conspiracyinc.com/SouthPark.htm

Increased liquidity, smaller spreads!

this is probably a dumb question, but here goes.....does hitman still have a journal/blog?

That's what many people at Worldco thought. All the firms mentioned on ET are big, yet one of them is probably gonna go under at some point.

At a minimum, you have at risk the capital that you've made during the month, and that assumes you didn't have to pur down money or build a capital account.

This is basically the right attitude. I see so many people talking trash about props that require putting down (or building up) some capital, and so many people here who get angry over it. I think retail is best for many people, and it certainly has certain advantages (such as not risking your...

He also has to create a market when nobody else will step in (buy when nobody else will, sell when nobody else will). And no, he doesn't see ALL orders. You think the institutions tell the specialist their ENTIRE buy and sell orders, at least the big ones? So sometimes a specialist buys a big...

So if there were no halt, Joe Schmoe's buy limit at 40.50 should be hit when the stock comes out with horrible news while trading at 41.5?? So everyone trading on the floor and at home should be able to pick off all the avg Joe's in their factories, shops, cabs or cubicles and sell to all their...

Many things "wouldn't hurt." If you get a Phd in anthropology studying the pygmies it "wouldn't hurt." But unless you're programming a black box (in the case of a techie programmer), how would it help?? From my experience, techies and finance MBAs (let alone majors) haven't faired any better...

Computer Problem Causes False Stock Quotes Friday May 13, 9:40 pm ET Computer Problem Temporarily Causes Erroneous Stock Quotes on Nasdaq; Affected Trades Broken NEW YORK (AP) -- A computer problem at an unidentified stock trader caused erroneous, exaggerated prices -- some as high as...

The most relevant experience from college to some days trading in the market was when, during frat initiation, I was bent over and taking a paddling, while continually pleading, "Thank you sir, may I have another!!" Often times that's what the market does to me too. But since I'd had the...