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I have previously managed a hedge fund and started with the exemption you are talking about -- 15 people, 400k. There is a lot more to this than you realize. A broker will not open an account for you unless you have a Private Placement Memorandum, an Operating Agreement, and a Subscription...

He's either using Global Strategy Trader or Strategy Runner. Most likely Strategy Runner. Attached is what an account with real money looks like. Notice you have the account number first, then the word "Trader." On Flash's account his name appears first. That is the standard format for a...

No flash. When you open a demo account with this platform the default in that window is your first name then Trader. That means this is a demo account. You're busted. You made 85k in monopoly money. Give the Fed a call. It may actually be worth something :D

Homey, You did this with a demo account. Down where is says "jerry_Trader" it would have your account number if this were a live account. You made $85k in pretend money. I use the same platform you're using except it's a live account and mine doesn't say "the1_Trader." It says 652......an...

Pretty interesting statement coming from him considering Goldman Sachs caused this.

I could not find a source but I remember reading once before that a retail trader is limited to 1000 contracts of the ES. Banks and institutions are allowed more but this would require some regulatory research. I'm pretty sure 1000 is correct.

<b>Great trading work my ass! This is demo account. You see in the bottom right corner where it say jerry_Trader? If it were a live account the account number would be down there.</b> Come back and post that when you can do it with real money.

It's kind of funny (as in comical) when you think about it. It's like a game of monopoly being made up as the game is played. Oh wait, Monopoly is more stable than what we're seeing because the properties have actual values. You could make up a great game board game based on what the...

I'm not sure I can explain it in any easier terms. HD and LOW are swamped with applications because every single tradesman who got laid off does the obvious thing and applies at the home improvement stores. HD probably has 1000 applications for every job opening. Why is this so difficult to...

I lost all respect for Buffett when he dropped coin into GS. At that point he officially became part of the establishment. Now he is bashing futures trading by individuals. I guess he's probably behind the seizure of 401(k)'s as well. It won't be long before the government steals this...

LOL! My neighbor used to work at a high paying job in the trades and not surprisingly he's unemployed. He has applied to moving companies, shipping companies, HD, LOW, got retrained to do flag work on road construction. Guess what? Yeah, he's still unemployed. Perhaps you could come up with...

What would you do, get a nursing degree? Nurses are in such high demand they get $5,000 signing bonuses. News flash! That was pre-2007. Even nurses are unemployed because there are so many people who can't pay their medical bills and the hospitals have to eat the cost. Nurses are taking on...

Dude, you are so out of touch. Even accountants can't find jobs. If there's ever been an industry that has always been in demand it's been accounting. Do a little research and find out how many accountants - even CPA's - are out of work and can't find new work. I know people in the health...

Of all the things you mentioned I think this is the most important. I have a Master's in Computational Finance from a University that parallels an Ivy League program and I can easily say the coursework I did in Statistical Finance are the reasons for my success. There are two elements to...

This is not even close to what Goldman did. There is nothing wrong with getting your clients long bellies and yourself short because there is no way you could know with certainty that the market would go up or down. What Goldman did was package mortgages that <b>they knew would fail </b>and...

If you are short a crap asset and knowingly sell that same crap to a client you are committing fraud. GS is going to take the "I don't know" defense because what they are doing is so complicated.

What a truly sad statement. Picture this happening to you. You actually think money and riches is more important than the bond between a biological father and his son or daughter? I suppose you would have shrugged this off because your son was living in a palace and being treated like a Prince?

You do realize all of ET is gonna have Cirrhosis after this right? :D

Brazil is too busy allowing their citizens to kidnap foreign children to run an effective economy. This is a great and shocking story to read if you have the time. Thankfully there was a happy ending. It's sinful what the Brazilian Government did to this family...

the stock has probably bottomed already. This SEC/GS fraud charge smells like fish. Since when does the government go after itself?