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Taxes aren't my speciality. so check everything below with a CPA first First the pro firms are all set up as LLC's. We recieve a K-1 at the end of the year. It refects the totals in your trading account that you did. This needs to be placed on one line on a 1040. A lot of the firms will...

This depends on your system first is the reason you got into the trade still around? Do you trail a stop? Most of the short term systems I do have a high probability of working when I enter but the longer I let them run the more of a chance for a reversal. Maybe ATR?

It would be more Fair if the SEC would support itself. Less chance of political corruption by having less hands in the cookie jar.

NYSE only has one close so either you are with it or not. But getting the same price for 2000 shares or 200000 shares (using bigger #'s for effect) is unlikely. If you have 200,000 shares for a market on close you'll move the market slightly if it's a thick stock and a lot on a...

They went belly up last month. Small NY office with about 20 traders. I heard some were rather good. Seems owners cut some strong deals to lure some great traders but then had absolutely no profit margin, thanthe owners took some huge risks on their own. Now some of the...

somebody private messaged me asking about the fine and who is my source. Well he wrote this book so ask him about the fine Larry received. http://www.amazon.com/exec/obidos/tg/detail/-/1556234686/qid=1038798051/sr=1-1/ref=sr_1_1/104-4082965-7123107?v=glance&s=books Now I have...

I don't do direct mailers to 1000's per day taking newbies money away. I personally like being able to look myself in the mirror and not feeling guilt but being proud of what I've done. I don't do a $5000 marketing seminar once per year where I promise I'll give the traders a...

I'm personally on the other end of that spectrum. One of the big reasons is I have some friends who sat on the board during his trading contest that he loves to talk about he results of so much. They fined him $200,000 for talking about his great returns while his hedge fund took...

Owners aren't hanging on this sight 24/7. Just Jwkirkland posts here from time to time. I'm only a trader/trainer with the firm. Everything above is based on speculation and rumor. Nothing so far is based on facts. There has been no announcement. also... why are 90% of the...

We clear through Andover not trade with. 160 traders, some heavily backed traders and millions of shares a day. We can negociate with any clearing firm we want to if Lynx had to leave Andover. I doubt any (if the rumor is true) Sungard would want to turn away our business. I...

nice advice from somebody who owns a competing firm. :D Everyone is asking me or one of the Lynx traders to comment on this --if the merger is going to happen or not. For Lynx it doesn't matter. We clear through Andover , we are not trading with Andover. There are...

There was a group of hedge funds that were doing risk arb (slightly different form with a different underlying contract) They figured they had no risk grew, and grew, and grew. So later on in the 80's a few deals blew out and with it blew out the funds. It has happened. Robert

True arbitrage is risk free. But the more who know of an opportunity the smaller the pot. Buying gold in the US for $8 an ounce and selling it milliseconds later in Europe for $12 is extremely low risk. Anyone who can find this will use large amounts of money and do it over and...

Hey I trade Prop with one of their LLC's and have had no problems. I respect your opinion but it would be worth 10 foldmore if you would give details of why, with the story involved. That way it it can be addressed and fixed if there is a problem. Complaining but having no...

because I was taught by NYSE traders and I can make money trading NY. You can do whatever you want. Maybe someday the rules will change than I'll trade Nascrap--till then I prefer the rules NY has. Robert

-------------------------------------------------------------------------------- Quote from MartinWeinberg: All order that come in electronically are routed through the SuperDOT system. These orders appear in aggregate on the clerk's monitor, very similar to a level II screen. All the...

I'd suggest emailing/PMing LimitDown as he sure has a lot to saw about them that isn't too positive. Might be able to shed some light. Robert

so far I've heard nothing.

we use them exclusively in our San Diego office. One card 4 monitors.

ok I finally upgraded one of my home computers Took out the floppy drive, cd RW drive and hard drive from my old computer Went down to one of the computer stores I found in the local computer magazine's you can find at any Barnes and Noble Bought a MSI motherboard 648 Max -L...