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1 I have the cash to trade retail. I don't need 50-1 leverage. Besides 4-1 leverage is a lot safer than 50-1 over the long run. 2 I like to do overnights - the big money and most favorable R/R ratios is in multi-day swings. 3 I'm mostly a futures player anyway. 4 I like earning...

Its understandable, right now SEC is too busy cracking down on prop. firms with under 1 million in deposits - LMAO.

This is going to be my new ride: http://automobiles.honda.com/2009-pilot/

LMAO - so true. The guys that talk the most about pussy are the ones that get it the least. Either that or they're so obsessed with it that they are porn and jerk off addicts. BTW, NYC is relatively not that expensive: http://en.wikipedia.org/wiki/List_of_most_expensive_cities You...

I think the additional 3k is not a lot considering (1) tax breaks (2) higher resale value and (3) saving lots of money on gas especially if you drive over 20k miles a year. The Chevy Tahoe gets 21/22 which they say is the same as a 4 cyclinder Camry in city driving.

Smoke lots of marijuana, laugh it off.

If someone is going to pay 55k for a car - I'm sure they don't care what the fuel economy is or what the gas prices are. Why don't automakers offer hybrids on the base models that fuel efficiency and gas price conscious consumers buy? The Tahoe base model starts at 35k - add 3k for the hybrid...

The Fingerprint Readers on Laptops seems like a cool feature that most manufactors are adding as an option. I'm getting a laptop and I was wondering if the fingerprint readers are worth it or if there are any problems associated with them?

ALL OF TA IS UTTERLY USELESS if you code it and back/foward test it. Only in the hands of a VETERAN TRADER WITH A STRONG INTUITIVE/LOGICAL/RATIONAL UNDERSTANDING OF THE MARKET CAN CONSISTANTLY PROFIT FROM IT SO LONG AS HE TOO ASSUMES A RANDOM UNDERLYING. RANDOM does not mean PATTERNLESS or...

This is the GREATEST THREAD in ET history. Nearly all of the quant shops, market making firms, etc. ASSUME A RANDOM UNDERLYING AND STILL PRINT MONEY EVERYDAY. Denizens of ET in DENAIL OF REALITY, as usual.

Nearly all humans aspire to be rich and famous yet if you look at people that have riches and fame they are all almost universally demented. Exhibit 1 Brittany Spears This chick was the hottest thing that ever happened to music. She then falls for some loser that had just dumped his...

That was exactly my point. I wasn't refering to scalping or arb. trading but rather long term trend trading for huge wins. If guys look at the big trends in the past 10 years, whether its: nasdaq bubble, housing stocks bubble, china, energy, commodities, AAPL/GOOG/RIMM/BIDU/etc, EUR, etc. -...

Like I said in another thread you need a 10 year track record to evaluate any trader.

What's going on? This if the biggest move I've ever seen. I usually don't moniter it but today is pretty hard to ignore.

That was a great article. I get asked for investment all the time being a trader and I always tell everyone the same thing: 1. Don't trade or try to time the market. 2. Don't invest in any actively trading/managed fund as they all under perform the S&P index over the long run. 3. Buy SPY...

I love innovation: http://www.booksfree.com/

Yeah 3.6 billion, these HF guys are breaking compensation records every single year. People that don't know about hindsight bias, and survivorship bias, can easily blow up trying to emulate that kind of success. Its just a matter of time before we start hearing of 20% incentive fees for CEOs...

Because every step of the way you are faced with the temptation of 'taking profits' at new equity high water marks because you know there will be a pullback and you don't know how long or how large the pullback will last. And you're also constantly bombarding by the conflicting 'fundementals'...

Just goes to show you that its not 'fundementals' that matter but rather how those 'fundamentals' are spun in the media and accepted by the consumers of media. We'll know monday whether the bull or bear spin machine wins.

I wasn't trading around from 2000-2003 but there were thousands of tech companies that went bankrupt. I'm sure there were many bear funds that cleaned up during that move. And from 2003-2007 you never heard of them again. Same thing with Tim Sykes performance. In trading is really difficult...