Search results

"Get out now and add some years to your life." Boy, don't I know this feeling. I've been in a position to the tune of much more than this but never over the weekend. I hope I'm wrong -- because I'm flat -- but I think we wake up Monday morning to a nasty gap up.

LOL. Have gotten a look any of those public defenders lately? Some are good, no doubt, but the rest are easily bottom of the barrel as far as law graduates go. You go work for the public defenders office when no one else will hire you. Then you pray and hope you can get into the DA's office...

Send an invoice based on month P/L, subject to high water mark. I've never ran into a situation where a client hasn't paid because there are trading profits sitting in the account so there's no way the client can say, "I don't have the money." If they do then the account sits dormant until the...

LOL. Good question. I guess I didn't get big enough to convince the SEC I was a "good guy" and didn't need any oversight :)

If you run a hedge fund and register as a CPO people mail you a check and you deposit it into a pooled account so you actually take physical possession of the funds. That opens up a load of doors of responsibility. At this point you have to work closely with attorneys, accountants...

All the talk about the Bush tax cuts and virtually no one is talking about the badly needed AMT patch. If we don't get it about 15 million taxpayers are going to get caught in that web.

Yeah, let me mark my assets to whatever I want and I'll rolling in millions as well.

I agree. October and November 2008 were the best two trading months I've ever had for one reason -- incredible volatility. Since my monthly returns jumped during those months my Sharpe was punished. But as one guy once suggested, a sudden drop in your Shape Ratio indicates that an event...

Agree 100%. The biggest question I received from educated people with knowledge of the industry and trading in general was, what is your strategy? They didn't care very much that last year I did 48%. They wanted to know precise details and examined drawdown periods very carefully. You'll run...

Instead of voting in the poll I'd like to briefly share my experience starting a hedge fund. I traded within a circle of traders, some of whom were very competent traders and some who weren't. I told them I was starting a hedge fund and showed them my brokerage statements, along with the...

+1 Amen brother.

You bring up another interesting topic King, aside from the 5 kids. If you currently have a job you probably won't have much trouble finding an alternative job. I know a CPA who was working with one of the Big 4 who found a job as an Asst Controller in about 4 weeks. If you're a CPA whose...

There's no question sucking off the government nipple gives you little incentive to go out and find your own nipple but does the current job market have enough jobs to fill the 3.3M seekers who will be in dire need of a job by the end of February, in addition to the folks who are genuinely...

My recommendation for yoga and meditation. Buy the book. It's a terrific book and reasonably priced. Search for a location near you or learn to meditate on your own. It does take time and practice it but it's definitely achieveable. http://www.yogananda-srf.org/ Edit: To learn to...

$11.00 area looks like solid support to me. Buy on a move up (trigger about 11.40) and place stop somewhere below $11 level.

Please, stop teasing do spill the beans.

Nah, more like doubling down. I've done it and sometimes it even worked :D

Well said. In the short run a single person or a single body can influence the economy of an entire continent and perhaps the world but in the long run...well, in the long run we're all dead. Who said that again? Well, Keynes himself.

It means the Fed is robbing you and I in broad daylight, for all the world to see.

With that I agree. It took me much longer than 2 years and even after more than 2 decades of trading I still have more questions than answers but the post does raise some interesting concepts, which is evident by the interest this thread has drawn.