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You can blame the lack of liquidity on that populist pinhead Arthur Levitt, who destroyed the market-making system by going to pennies, driving out firms who used to commit serious capital to maintaining an orderly market. If you traded in the mid 90's, then you probably remember that Nasdaq...

Good advice to most, but building a fund from 500K to > $10 million can be done -- it is a tough road but the rewards are tremendous. Plus, beware of biased statements such as "hedge fund fiasco" -- don't let someone with an agenda interfere with your dreams.

Gotta keep Franklin Raines and all the other cronies happy...

Classy lady Karen -- that's when CNBC actually used to report business news... ...and also when Sue Herrera used to be thin ergo hot. Now she tsk-tsk's the women of the Apprentice for showing their bods. Poor Sue has to wear North Face dome tents now.

If you like transsexuals

Should traders that work at home get rid of their SUVs, or should people that have a two-hour commute get rid of their sedans?

Careful longs :D :D :D

His point is that the one constant about the market is that it changes, and your job is to identify trends, chop, gaps, etc. Slap on a few moving averages, a couple of bands, add a volume and trend indicator (e.g., ADX), and you're good to go. Doesn't matter which market it is -- just watch and...

Wrong. All markets share the same characteristics at one time or another -- one needs the ability within the system to recognize when to go into trend mode or counter-trend mode. Is there a universal system for trading the markets? Yes, there are several. Do they make money every month...

Yup, noone else in this business is profitable. Quit while you're ahead because it appears you're on a lucky streak.

Interesting duality there - sometimes ya feel big and sometimes ya feel small. Agree with your point though -- once you make it, you have nothing to prove and it's kind of a holy shit, I made it.

Great stuff -- keep it coming. There's actually a broker out there with software that because of a technical hitch makes you think that someone else has logged into your account. So while you're freaking out, the rep on the other end is telling you not to worry about it -- that message is...

Fantastic post. System Development Parts II and III.

Thanks for your contribution -- keep it coming.

Fantastic! You're on your way to becoming a successful tattletaler! Congratulations, can't wait to hear all the details!

That's the whole point! Being a trader means playing the sucker at times. This is another case of an aspiring trader who gets diverted from his real mission of learning the profession. One sees a lot of that here -- angry newbies who can't figure it out so they want to go after someone...

Oh no, people need to be compensated for their stupidity these days. Maybe we can start a Hedge Fund Victim's Fund, and sock away the proceeds in a bank account and pay ourselves director salaries.

Sucker. Go cry somewhere else you baby.

It would start right now if everyone saw that video, which I just did. I want to fucking cry.

It's not that -- I'm jealous. $500 million in one day. Balls of titanium. Where's that picture of the squirrel nuts? P.S. Why all the angst harry? Unusual for you.