Search results

I think he's trying to say there's a big difference daytrading with an edge and daytrading based on just a feeling, which (not my words) is equal to flipping a coin

Oh my apologies, names only huh? well, there's Global, Velocity, basically the ones you mention, I just told you these firms give you 120X leverage, and you want more, but then you say some firms give you 50X, go ahead, blow your account, its not my money

Don't the brokers you mention already give pretty highly leveraged intraday margin requirements? 500 dollars for ES is 120X leverage, even buying stock you're only allowed 4X.

It's basically leveraged synthetic indexing, a few mutual funds do this quite well. 2 times upside of the S&P, but 2 times downside the other way.

Things like corporate actions, cash settlements, income distribution, financial statements etc. take a bit of effort, but in reality you're right it's not too difficult. Think of it as doing the accounting for a mutual fund, only that it is close ended, so there is little capstock activity...

It sure pays the bills for what is often a "regulatory hurdle."

No I'm still right, just misunderstood the original post. If you want pure arbitrage like what the big institionals do, they settle with the bank and "create new units." A "dirty NAV" is not the same as a NAV, so in essence I have been the only one using the term correctly. I charge a few...

I"ll have to be blunt too, guess who calculates these NAVS, ME! That's right, my 9 to 5 job is to calculate NAVs for ETFs, and guess how many times a day I calculate it? every 15 seconds you say? NIce try, the answer is ONCE, one time, and that's at 5 o'clock EST like I said before. That is the...

Well, let's assume you can get a really good deal on commissions and such, it isn't actually pure arbitrage, so you'd need to time it exactly right. NAV is striked daily by I think 5 oclock EST. So let's say today is Monday, you buy 100 stocks in correct proportion during MOnday afternooon. YOur...

Actually QQQQ ETF does not have the risk free rate built in since the underlying is the actual stock itself. The only way to arb the NAV is to buy all 100 underlying stocks of the NDX and exchange them at NAV, then sell the QQQQs you receive on the open market at a profit. ONly big...

INstitutional money flow was actually positive today, all the negative flow was not hitting any bids. I got a buy signal today, but it's not always accurate, since I also got a buy signal on Wednesday last week just before the plummit, yikes

Guessing before the earnings means you are betting against the consensus. The problem is that the consensus is just an average of all analysts, so a strategy is to use the estimates of the star analysts and hope something plays out on the suprise side. Other strats include looking at...

Monday is going to be a weird day for myself MNX, We use a US system but process canadian securities, so it's gonna be a bitch trying to toggle the confused system. I know liquid stuff like the penny stocks could handle 1000 share lots or more, but what about the NYSE stuff that has to go...

I made this mistake too, and I hate to be nitpicky, but really everybody should start learning how to spell the guy's name correctly, its just waaaay too funny when you refer to the guy as a multi-selection dining experience. yumm

I agree with your assessment of financial reward. There is just no way of making a decent amount of RISK-adjusted money at the firm. I make twice as much as the average trader there and take absolutely no risk, in fact my job is pretty chillax too, and I generally like what i'm doing. Anybody...

Am I getting this right, people are actually considering hooking up with co=workers? Talk about digging your grave twice!

Couldn't have said it better myself Vic, I totally accept some investments going bad due to a manager's idiocy/incompetence, but not from kniving criminal activity.

YES YES! its unbelievable how much mutual funds pay your local Edward Jones loser to pump up their stuff... There must be a better way to do things.

The problem with mutual funds is you usually start off low of the low, either in customer service or back office accounting. If you think the pay is bad trading, take a look at these guys, basically you have old pensioners calling about their 500 dollar investment and why it went down yesterday...

Many banks will have a supply. And if you want to shop around, go to your local jewellery store, they often have a stash of gold bars in their vaults