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1. What ever happened to rockets, I thought new traders were supposed to start off with them before moving on to more advanced SCT type trading? 2. Considering this is already the most popular thread on ET, I suspect a lot of folks are going to be trading this method so I suspect there will...

I'm wondering how a relationship like this would work. Do you know of any relationships like this? What are the pros and cons? IMO investing/trading is an invaluable skill for everyone in a family to have as it is the only way to really protect you savings from taxes and inflation (provided...

Wow, that's interesting. I'd figure now that Bolling is a media star and has all kinds of connections, he'd start a fund that could easily attract 100mill+ AUM. He could hire traders better than him, play a very conservative game and collect millions on fees alone. I think this is what...

In these days of easy money, nothing can take the market down simply based on liquidity concerns alone. Amaranth lost 6 billion in a week and the market didn't even notice. Pfizer lost 20 BILLION IN ONE DAY on 12/4 and the Dow Jones rallied to All Time Highs.

True, but people are chatterboxes. Word would get around. Especially in these days of blogs, internet, media, etc.

Take Livermore for example. He was the biggest Independent trader ever and he blewup and lost everything by the end of his carreer. I think he made about 100 million in the crash. That comes out to like 1 billion dollars today (correct me if i'm wrong on this one). Now what if there were...

Also would Covner, PTJ, Cohen, VN, Soros, etc. really be great traders without the OPM and institutional support? I wonder how they'd do trading from home. Sometimes I think that trading OPM is a great asset because you actually have to be held accountable for your performance. Whereas when...

Dan Zanger made 20 million but that was from the bull market then he became a vendor afterwards but I think he is the biggest private guy out there. One of the Bright Bros is right up there. Can't think of any others.

Covner, PTJ, Cohen, VN, Soros, and just about every single market wizard out there....the greatest and biggest traders manage OPM. I doubt there are any guys out there trading from home that have mode over 100mil from the market. Why is that? Its not like nowadays you even need OPM to 'size...

This is news to me, I really haven't been paying attention. Kinda weird. So i guess 4 day weekend for us starting friday. Any other exchanges going to close?

Here is the IRS format for stock trades: Description Date Acquired Date Sold Sales Price Cost Gain/Loss

I guess the first question you have to ask if if you're going to only deal with actualized gains/losses or mark to market all gain/losses. I prefer not to deal with mark to market accounting because its seems more messier and complicated.

I know a lot of guys that don't account for any of their trades and do no record keeping at all. But these were prop guys so at least when it comes to tax time, all you really need is your K-1. For us retail traders you have to maintain a set of trade accounting exactly in the format that the...

using targets has helped me tremendously but has created another problem: http://www.elitetrader.com/vb/showthread.php?s=&threadid=82600

I've never played backgammon so I can't comment but so far poker and sports betting seem most similar to trading. I'll probably take up poker and start playing Starcraft again. I'd love to play ping-pong, tennis, bowling, archery - ect. but that involves getting out of the house and...

The only first person shooter game i ever got into was DOOM even further way back in the days. I haven't been much into first person shooter games ever since. I'm more into games that involve strategy, and management of resources in a zero-sum way.

I used to play Starcraft a lot way back in the days. Unfortunately I missed the whole poker craze, never got into it.

To relieve boredom I'm going to take up video games, or games in general. Obviously poker is the game most similar to trading. Can anyone think of any others?

did they just upgrade tws, couldn't they do that afterhours - or was that part of bringing it back up?

this is a situation where using stops helps unless the whole exchange your trading on goes down