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No we wouldn't be sharing, we actually need multiples. Is security a problem?

You can get a T1 (Internet), supposed to be on the backbone for $2K and there is always pirated satellite. How was it to live there?

Yes.

Traders by nature have a hard time setting aside capital, not to be touched for security. Security as a trader comes from having enough capital to keep your bets small in multiple noncorrelated trades. I don't judge a person by their net worth, I come from a working class family. However, a...

Options Speculative - 20 to 50 Options Spreads or Covered Calls/Puts - 1 to 20 Futures Speculative - 10 Futures Spreads - 10 to 100 Stocks - 100 to 10,000

Peace.

Keep it simple, most of the dribble out there sells books, seminars, etc.; I paid for a lot of them.

Capital gives you the ability to work for yourself and family; and the freedom to do what you want and say what you feel.

If you are really focused on security, trading for a living might not be a good idea.

Most of what you read. Stale ideas worked to death. But, I still read it all, never know.

Traders who don't do it for the money? Happiness is being a Walmart greeter.

We are in Chicago, and all the floor traders do is complain about the upstairs traders having the edge. I guess the grass is always greener...

A lot of it I believe is in the execution, back testing on historical data seems to not work as well as testing with real money. Ten years ago I would have argued the other side.

I wish it was that simple, we trade 20+ systems at a time, one of our best performing system, had some bugs in the code that we found after 6 months, fixed them, got chopped up, put the old version back, works like a charm. Put up an option system, based on valuation, probably the most...

If an individual is a member of an LLC, his own shell for the sake of this example, and that LLC is a member of the prop LLC, FICA doesn't come into play, they are both pass through entities. Whether the prop LLC will allow this is another manner; must be legal though, I have had that...

We have lost more money on well thought out logical systems and tend to make more money on hacked together systems that we are not quite sure why they work.

You never know.

The other advantage is if you are trading at least say 1.5 million, no Reg T.

We are trying to move our operation offshore; we are going to the Bahamas, either Freeport, close to Miami or Nassau, more to do. There are better choices but my wife would kill me. The main issue is high speed, i.e. T1s, they are available in Bahamas, not as easy in say St. Vincent.

Only a poor man thinks money can't buy happiness.