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I remember them well. I interviewed with them in the late 90's. The job was a trader position to trade the 5-year note. The guy who interviewed me said he was hiring 6 traders and I was number 7 on their list. Bummer! No matter, I eventually made it on my own.

If they don't issue you a new number it defeats the purpose of sending a new card to replace the lost one, aside from putting the card back in your hands. I could be wrong but it's my belief that CC companies ALWAYS issue a new number for a lost or stolen credit card.

One of my rules is never to sell a candle when the price closes at the high and never buy a candle when it closes at the low. But, I've noticed when that happens the move above and below that kind of candle is typically limited. So, you're trade of selling today's close is a pretty good...

LOL, yes but I've never actually used the word "speculator." I just tell them I'm a trader and I get that "Look." You know, the kind of look where they don't know what to say next. I typically change the subject real quick or it gets pretty uncomfortable. After a few reactions like that I...

I just couldn't agree with you more. Indicators are derived from price so if you use indicators you are using the "dependent" variable to forecast the "independent" variable. It's like the tail wagging the dog. If you use a divergence all you are doing is finding a slow down in the movement...

"....when a lot of people were predicting that the stocks would not recover from a near bear market. "------->>> Damn it you idiot. You were one of these people on this board saying, and I quote, "Obviously the market isn't going up anytime soon so there is no need to post." Now you're up and...

I've been trading for 10+ years and I've been very successful at it. There was a time I was considering going to medical school but I did a little too much partying in college and never really gave the MCAT a shot. Now, having let that opportunity slip through my fingers and having worked in...

You can't work in this business w/o losing money. Lampert will be back.

If the Fed doesn't reverse course and begin raising rates we'll be paying $10 for a gallon of gas and $15 for a loaf of bread. The Fed has injected unprecidented amounts of money into the financial system and cut rates at an unprecidented rate. If they don't reverse course we are going to...

HFT2, I agreed with you so you're not going to fuck me too, are you? :D Relax dude, it's just money.

This is the key, and probably the reason you got stopped. I've been stopped on the fut's like this after econ releases. The B/A can trade out of whack with the price when econ data is released and can stop you even tho the price doesn't trade there. The solution....scale into a trade when...

Pattern Day Trader Rules Faster Fills No issues selling short (although I suspect that's the case with SPY too) Tax advantages Lower capital requirements -- this is a big one. You can trade the ES with as little as 10k and do well. You need about 50k with 4x leverage to trade SPY...

If you watch Market Depth on the ES and compare it to Time and Sales you will notice a dramatic difference. It's not uncommon to see 3000 or 4000 contract parked (sell) at 1450.00 for example, watch the futures trade there and 200 contracts get executed. What and why this is the case is of no...

Everyone finds themselves in the boat you are currently in so here's what I did to get started.... I was your classic buy and hold investor and I desperately wanted to trade. I did fairly well using the Peter Lynch method of going to the store and investing in what you buy - i.e. things like...

Very true Coke, but as the saying goes, "It's very lonely at the top." Money changes everything. People just don't like associating with you when you are successful. Money does change people and the people around you.

Someone posted a ways back -- I forget who it was or I'd give them credit -- a CPA firm reported that 36% of traders win (based on the returns they did) but less than 5% of them made enough money to do it for a living.

LOL, I studied for the 3 for 2 months. I guess that makes me a real moron :D

Skip the book! Just pop the CD in and answer question, after question, after question....and pay close attention to the rationale on the ones you get wrong. Keep doing that until your score is about 85% and you should do fine. FWIW, I never took the 7. I took the 3 and did exactly this. I...

This is pretty funny. Yeah, let me get right on those tax returns. Successful traders don't give a rats ass if anyone believes them or not. Their daily P/L is affirmation enough.

Agree completely Vinny! This raises the question, does a Tier 1 education prepare you better to start your own business or not? This is a difficult question actually. It really depends on the type of business. If you want to start a construction business Ivy League doesn't help you much but...