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Much of the time stupidity can substitute for guts and nerve. There is no need to make your fortune in a single play or even in a single year. I'm a big fan of leverage but to push it to the max 200:1, 400:1 etc. is generally a suicidal way to manage risk. If your methodology is sound you...

Yes, I noticed that. Great IB (Howard) with a strictly no BS clearing firm. Great combination.

When my entry bar shows a low MAE and I really like where the move originated this transition has worked well for me. Just because you enter based primarily on a smaller time frame or tick chart there is no reason to manage the trade "small".

Gartman might turn up right (or wrong) on a given prediction on a given day) yet there is no reason to listen to a talking head. Listining to the clown show is no t a strategy. It is not even that it is not a good strategy it is not in any way, shape or form a viable approach to speculation...

I'm in full agreement with DarthSidious' last comment. No one in this thread had any problem with Velocity ... in fact quite the opposite; everyone seemed quite satisified with the service, picing etc. The question posed here related entirely to counter party risk and comfort arount that...

I owned a business in Lugano, Switzerland in the 70's and Lugano was a town of 28,000 people with 32 full service banks -- UBS, Credit Swiss et all. Lugano and Chiasso existed to service those who were circumventing Italian exchange controls. My partner and I specialized in transfering money...

It is not a medium of exchange because 99.9% of those who exchange things on a daily basis do not accept it. There is no segment of our (or anyone elses) economy that accepts BC to the degree that it would need to be accepted to serve the purpose. Trading vehicle? Sure. Currency? Not even...

As many have commented BC might be an interesting trading vehicle but, at least at this stage, to pretend it has the attributes of a real currency is simply rediculous.

Nice PR stunt ... win/win.

Who are they?

I assume you change the quote so it could fit here. The original relates to gold. I don't believe there was an organized market for oil as early as 1869.

He is brand new. Don't you think it might be premature to talk about trading two contracts? Looking at what type of return you can earn on your 2K is ass backward. The question needs to be what is the best ways to learn enough so that I can go live with my 2K and have some chance to stay in...

Sounds like a hefty piece of change just for charting. Is there something special about their charting package or do spreaders require charts that are not available on packages that cost much less? As I understand it you are executing through TT's XTrader and CQG is simply charting for you...

I think many of us see the long term as you do: Debt piled on debt, FED not only as the lender of last resort but the enabler of first, last and always for all things cruch like. We really do get it but at the same time why would anyone fight the FED? It might surprise you but many here on...

I suspect that the FED has been spoiled by the amount of muscle thay have been able to use and, if goosing the market was their intent, how successful they have been. I believe we will find that the FED will be unable to "handle" the markets and that they will be wrong footed much of the time.

I never suggested you were bragging. I characterized it as lecturing.

I don't want to continue this off topic nonsense and this will be my last comment on this: It is even more foolish if someone has never ran a business of substance and most that are flippant about it have not. Starting a prop shop is not a small undertaking.

This ET member trades prop from Australia he may be of help: s0mmi

I would rather own JP Morgan Chase than be a customer and I would rather own Con Edison and Time Warner rather than buy electricity and cable services from these firms. Put up a some millions of dollars and you too can start the process to own a prop firm. After you have the money assembled...

I agree. The entire point of laundering money is to get money into the banking system not to bleed it out. If one wanted to make the case that bitcoin is an easy way to move money accross borders with little or no risk (except for volatility risk) that holds up. That said your counter party...