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  1. M

    Why would a Prop firm want me?

    SHorts will reduce your overnight costs, however, the short rate is less then the long rate. So you end up paying. On top of that you are going to pay another fee for use of firm capital, risk, etc. It will end up costing you 10% or more for that capital, depending on the amount of...
  2. M

    Why would a Prop firm want me?

    Usually it's just an arm and a leg! You pay interest, plus you pay a fee for use of the firms capital. Fed funds + 2 points or so for longs, you get paid for shorts, and then a capital usuage charge of a few points. You are looking at 10% and perhaps as much as 30% for capital used...
  3. M

    Why would a Prop firm want me?

    There is no such thing as a free lunch, do you really think that the capital is free? Let me clarify, Intraday capital is free...overnight....you are going to pay, and pay quite a bit. EDIT: If you find a place offering free overnight capital...please let me know. :)
  4. M

    CNBC is facing scary times

    Fair and balanced...fair and balanced, baby! You should watch it you're missing out on the "rest of the story!" Seriously, being a trader, you should know that there is no such thing as objectivity in any business, including the news business. Everyone see's the world in their own "rose"...
  5. M

    Poll: How much will Riskarb make in the next six months?

    $340,000, Good luck Risk Arb!
  6. M

    Didnt Barrons say Republicans will win

    One day you'll figure out that no one really wins, and the middle class always gets screwed!
  7. M

    Trouble sleeping

    Sell your positions until you reach the point where you can get some sleep.
  8. M

    Peak Fish... Not A Joke...

    It's being done in Australia....and it's big buck. They harvest the fish by catching them by hand so they don't bruise or inure the fish before they kill it. Big money Business!
  9. M

    Television sets and Jewlery

    And your sample size is one, you need to do a lot more research to take that trade. Cerainly more data points, a confirmation indicator also works well. Very rarely do I take a seasonal trade just because it looks good on paper. I do like your thesis though!
  10. M

    So you wanna be great?

    What does Hydro know about being great? He's one of the biggest whiners on ET, and always has an excuse why things didn't work out in his favor, and it always because of someone else. Software, specialist, internet connection, bad firm, not enough capital, overweight, too smart, not smart...
  11. M

    Coverage Initiated On Yahoo- Strong Buy, Target=$30

    Yahoo is heading lower. If you wouldn't mind, where is your stop? I need a good place to cover my short. :) If we take out the high of yesterday in the next few days that will be a solid sign a reversal has take place until then, lower she goes.
  12. M

    Bandwidth, how much is enough?

    Call your provider, they should be able to provide you information on how much bandwidth you are using.
  13. M

    Don's Openings and More for 2006

    They will be able to walk the book....you will get filled at the price your order is at. Price improvement is possible at the discretion of the specialist.
  14. M

    Hydroponics

    The truth is relative.....pick one that works.
  15. M

    Beware Health Care?

    Define better healthcare? The reality is, you change the metrics, you change the results. One can make the case that health care is better in nearly any civilized country. A government system cutting costs? You have got to be kidding me. Governement doesn't cut costs.....in fact....the...
  16. M

    Beware Health Care?

    I have had the good fortune of sharing some office space with a PR firm over the last few months. You learn quite a bit about the system and how it works. The fact is, most reporters are basically lazy, they get alot of their ideas and stories from PR firms, hedge funds, political parties...
  17. M

    strategy to trade future.

    What hours do you trade the Euro, when do you consider the market open?
  18. M

    Don's Openings and More for 2006

    No orders entered in stock because of news, gut feel, or the coin flip went the wrong way. Going electronic will likely reduce or take away alot of the edges we use to have on NYSE. Rest assured, there will be others, and we as traders will find them, and make money. That being said...
  19. M

    This earnings season = sell the news?

    I'll be selling it tomorrow!
  20. M

    FARK!!! North Korea Just Tested the Bomb

    I get a real kick out you guys that listen to cnn or bbc and consider yourself "informed"!
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