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i've said this before, use a tbtf bank like gs, jpm (heck just look up the "systematically important institutions" the gov lists). they will be bailed out every time. just look at what happened w/ gs and their cds bought from aig. they were made whole 100 cents on the dollar. you'll pay...

+1. anyone wanting to start their own hf should write this down 100x. unless you're able to raise a significant amount of money right off the bat you would be working for negative money for years meaning you'd be paying the fees heech talked about out of your own pocket. the only way to raise...

you could eliminate some of the counterparty risk by just trading fx futures through cme AND using ib. the mf incidient is very disturbing b/c i always thought cme was on top of things.

in the interest of anyone who clicks on this thread, can we please wrap it up with the following summary: if you're making high absolute returns everyone else can f*ck off there is no need for investors if you're making lower returns and need investors, you need to cater to their wants...

or try 6E

most fx options are otc. you could try the fx etf options like fxe however you obviously can't trade them around the clock. look into fx futures options like on 6e, 6j.

yeah the gov would rather you lose 65% in one year to a scumbag mutual fund manager who doubled down on fnm and fre

i completely agree. i was only talking about the mutual fund clones. you're model (zero management fees) is preferable.

+1. paulson went ballistic when he was pitching his fund to potential investors and one of them didn't invest and just stole his strategy and did the exact same thing on his own and made money. re testing vs real returns, 1)30 days isn't even close to being a reasonable backtesting period...

check out the dell outlet. the deals are kinda hit or miss but just check it once a day and you might be able to say a few hundred. make sure you use dell business not the consumer side since the support is from the u.s. and not outsourced to india.

+1. esp for institutions. if you got 1 and 10 now i'd be impressed. some aren't even paying perf fees! what's the world coming to. oh i'll tell you. investors don't want to pay alpha fees for beta perf which is what everyone has been saying for years but only recently started acted on en mass.

+1. great observation. also IV is pumped up b/c of the steep fall. if you take a look at the iv from before the fall it was lower. if the stock goes back up the iv will most likely fall and that will work against you. strongly suggest spreading it to mitigate this risk.

a lot of central bank interventions happen during non peak hours (non europe/us) specifically to get more bang for the buck and the central bankers flat out admit this.

+1. also JPY has a current account surplus so they don't need external financing like US/eurozone. also they place 95% of their debt domestically so they don't need everyone else to buy again like US/eurozone. repeat after me (not just for op sake): do not take a position based on...

no need. i can see how this goes... ET'er: hi can i get a rate of $0.50 per car w/ no ticket charge? TM: no ET'er: what if i told you i'm friends w/ jack hershey from ET? hello? are you there?

isn't the opposite true at least for ES? what happens if you're long and a black swan (earthquake, terrorist attack, etc) causes the ES to drop 10% and completely blows thru your stop? if it drops 100 points you just lost 100 x 50 x number of cars against what is prob 5 or 10k in equity...

+1 for the question. esp today w/ hft, bots, whatever that is a ridic wide spread. if spx "only" went up by a factor of 9.9 that would still be a huge opp much less 6 or 7.

i was just about to post a response re what seemed like a low price for trademonster. for now the lowest commission with NO ticket charge and NO minimum (well $1 in the case of lightspeed and ib) is lightspeed.

here's a suggestion to prevent order entry mistakes from ever happening again. pls forgive the caps but it's important. READ EVERY DETAIL OF ORDER OUTLOUD. I made so many stupid order entry mistakes when i started out looking back on it now i shudder to even think about it. since i started...

excellent point. you are correct. this is obviously a personal pref. i've heard of traders getting stopped out not b/c of an executed trade hitting their stop but merely b/c of the bid dropping or ask rising and then wondering what the hell happened. it's important esp when you originally...