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OP is hinting that there is more money to be made teaching investing/trading (teaching fees are sure win, no risk) than actually doing investing/trading (no risk, no gain). Of course, respect goes to the practitioners who made it.

Not true. Robinhood provides free commission for their customers. IBKR, however cheap their commission, cannot compete with free Robinhood, at least in terms of price. I know of many millennials recommending Robinhood as their broker for buying U.S stocks.

I had to write in customer support to request server change.

You're right. I wonder what he saw that readers of the articles missed out.

One more commodity hedge fund bites the dust. Same excuse. Machines are distorting the commodity markets and making the lives of fund managers more difficult. I don't trade commodities. However, I find it hard to accept his excuse. If machines distort the markets and make them diverge from...

Corporate bonds can be purchased electronically through IB platform. I have done this with around 10k with paper trading account to test out. Don't need access to top tier banks.

If the objective is to buy, having a second broker helps. However, if the main concern is in not being able to sell out the equities held in custody, having a second broker is not helpful. The equities are held in custody. Customers can only sell out using the same broker through which equities...

Makes sense if he is the outdoors type. Most successful traders/investors I know are introverts, though.

Hopefully, that is what happened but if that happened to me, I will spend even more time on ET. Why quit ET? It's not a job that one hates.

Sorry to hear you leaving. I understand your need for privacy. If it is a health problem, you may want to spend all your remaining time with your family and cut down the time spent on ET. We're all strangers to you. If it is a massive trading loss, this is where ET members can help. Not with...

Quite a scary problem if a trader owns Nikkei futures, wants to get out but not able to, particularly on a crash day like 6Feb2018.

Nothing against them at all. Just trying to understand things. Being curious. That's it. I'm still a newbie with a track record of losing money in trading index futures today.

I am trying to wrap my head around this with textbook knowledge. Index futures trade outside the regular hours of stocks. During Asian hours, ES trades but U.S stock exchange is closed. During these non-US hours, index arbitrage cannot be done. ES price can diverge a lot from the underlying...

Not necessarily so. Jack Schwager appeared on that podcast too. I think many elitetraders here read his Market Wizard books. He certainly is not a con-man.

Another convincing evidence why most investors should stick to passive investing in S&P500. No efforts needed, no brains needed. Why pay so much to hedge fund investors who underperform cheap indices? The world will be better off if those ultra-smart hedge fund mathematicians and scientists go...

I personally stick to Windows 10 to save myself trouble and time fixing software incompatibility issues with Ubuntu. Time is worth lots of money too!

I thought the assets would have been sold out since they were bought with leverage. Much like what IB would auto-liquidate our assets which were bought on leverage. Interesting to know how MF Global avoided the European assets liquidation by its creditors.

Exactly. Why pay for a label? I would rather pay cheap as a non-pro even if I can earn like a pro if the price of that is to be called a non-pro.

In that case, the cheaper Reuters offerings would be enough for stocks. Reuters products also have analytics and it is hard to justify Bloomberg higher price. It's not as if Bloomberg has the obvious superior analytics. Maybe if one is into fixed income as well as stocks, Bloomberg might make a...

Many of the world's top investors/traders had Philosophy degrees. They are none other than George Soros, Carl Icahn, Bill Miller ... Philosophy graduates have hard time of finding jobs because Philosophy as a subject has little practical applications unlike STEM subjects. Yet, so many of the...