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Are you serious? A stop limit at 49.80 for example. The stock trades at 49.85 and a big block comes through and sends the next tick down to 49.75 and you're screwed if the stock keeps falling from there. Always use a stop market order and trade liquid stocks that allow you to get out close to...

Master of Science in Computational Finance from IIT. Since I graduated they renamed the program to a Masters in Mathematical Finance. http://www.iit.edu/mathematical_finance/academics/

Bingo. There are times I trade with close stops and times I trade with only a disaster stop. Right now I'm in between those two extremes. 99% of my losses are discretionary trade out losses. I've run many simulations on the placement of stops and over the long run, it makes no difference...

In my humble opinion the US needs a central bank. They play an important role in the function of the economy but unfortunately, they have the power to do whatever they want. There is no checks and balances like there is in the US Government. The Fed has far too much power and they use that...

Of course it is. Do you remember me in Pulp Fiction? Do you want my autograph?

Exactly. Once he said this he leaned forward, crossed his legs, held his arms close to his body, and made an expression with only one part of his face. That is a classic sign of lying.

Unfortunately, this is the future of the health care system in the US.

Absolutely he is lying. Just like Greenspan lied when he said he was "shocked" that a bank would risk its own equity by lending to unqualified borrowers. The media and those educated professionals of the general public saw this crisis coming but the Chairman of the Fed, who taught himself...

This reminds me of Goldman Sachs' Oil $200 Super Spike call. They issued that because they needed to unwind their position. Someone needs to unwind their position in AAPL. All their products are easily copied and retail for less money. Unless AAPL can keep the innovation wheels spinning it's...

LOL. Saxon probably works for Baron :D

Boy, you got some balls Sax! Based on how the market is trading after that gap up I have a feeling you're gonna see your break even point. If you do, my advise would be to take as much off as you can at break even and let a few ride ( with a stop !!). I'd take 60 off and leave 7 on and see if...

I think it's too late. I'm estimating he is down about 32K at the moment. I've had a loss more severe than this and I came back a much better trader. I hope he is liquid enough to come back from this.

True, you don't need to register but are still required to register your exemption with the NFA. And, you have to research what the registration requirements are for each state you have an investor in. California requires you to register as a Registered Investment Advisor even if you are...

If you study body language you'll quickly realize Big Ben told so many lies during that interview but I have to give him credit for being so candid about the state of the labor market. It's going to be a while before we see 5% unemployment again. Also, John Law was the last to try what...

You shouldn't assume things like this. I read this book after 18 years of trading and the only regret I had was that I didn't read it sooner. This book inspired me to take a close look at my psychological makeup and examine my strengths and weaknesses. It's important to point out that I...

You may be right Asia. I don't work in the industry anymore. I'm self employed so you would probably know better. I suppose if the market is open there is a need for quants whether the market goes up or down, and regardless of whether the middle class becomes richer or poorer. The market is...

I have a Masters in Computational Finance, which comes very, very close to an MFE. To get into these programs you need to be extremely good at mathematics, programming, and get a killer GMAT or GRE score. And as to whether it helped in the world of trading? The markets are nothing more than a...

LOL. Sweet! The economy is saved :D

Nah, he's only 5.67 posts per day. He's got some catch'n up to do. I like what S2007S posts though. He reminds me a bit of BuyLoSellHi. I really miss that dude.

Bajeezus, damn 2007, he's right. 7.46 posts per day. And I thought my 1.95 was bad :D