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If you are going to borrow someone else's capital, you have to play by their rules. You understand that right? It's not YOUR money, it's theirs. That's the issue. You can't dictate what you can do if you are using someone else's funds. If it's your money, do whatever you want, burn it if...

Nope. Try again.

No, see your logic does not work. You know "before" you opened the position that you have to hold it. You accepted that risk and bought the position. The rule has to cause harm "before" you do anything. Otherwise the harm is caused by the trader, not the rule. See Zany, here is what...

I actually don't. In court you better be really careful what words you use. I see the rule as "restrictive". Not harmful. Harmful implies the rule's existence causes one harm by it's own existence. I don't see how that is possible. Rather the rule is a constraint. I can't think of any way...

How does one get "hurt" by PDT. It "restricts" your ability to make more than 3 daytrades in a 5 day period. How does that "hurt" you? Can you give a specific example. You will be asked for this in court so you surely have some generic examples.

As you know Murray, I RAN a prop firm in Chicago and dealt with this very issue. Furthermore, you TRADED remotely out of my office. I think we should disclose that here. I have a lot of evidence of the success rates as well as the pain it is dealing with small leveraged accounts.

This is EXACTLY what he is asking for. Prepare your lawyers!

Yeah that works wonders for online reviews of their customer service. It's a no win situation Zany. Just play with cash.

No, I'm referring to their "prop" accounts.

Zany, Zany, Zany. Here is what happens, when guys get margin calls at say TD Ameritrade, they flood the support chat asking what the f*ck is going on, why is this happening. You can see the threads on ET when guys bitch about IB's auto liquidate feature and they spend hours on the phone with...

Great we have Bob here. So Bob, why doesn't YOUR firm allow trading accounts under 25k? Zany says it's no skin off your back. You have fancy software to take care of the headaches. You guys to cool for school?

While we are at it, we should get rid of that pesky accredited investor rule that prohibits joe lunch bucket from investing in hedge funds. Why should only the stuffy rich folks be allowed to invest with Bernie Madoff. It ain't fair I tell ya.

This is a joke right? First of all, there is a very easy way to get around PDT. Open a cash account. No more PDT. Problem solved. No, you want you use leverage. You think you are entitled to borrow money and leverage that money with daytrading and think this is an entitlement? On what...

That was EXACTLY the trade I was going to reference! :) That was a great example because I spent a great deal at the time talking about how the entire market was positioned the other way. The bid in bonds made absolutely no sense from a fundamental standpoint. Many were predicting a bond...

The big Jeffrey Gundlach trade idea for 2018: Long XOP, Short FB.

He probably read your "cushing" piece.

The biggest drag on commodity rolls is usually oil but oil is heavily backwardated now meaning you actually earn a nice rolling yield as a buy and holder and should for the duration of this cycle. This means DBC will have a positive carry.

Oh dear God, that chart is a year old! It stops in Jan 2017! We have been exploding to the upside right "after" your chart stops. LOL.

Dude, this is a weekly chart going back 3 years for the current 12 month strip (ZZ1819). This thing is rocketing hard to the upside. THIS is what steep contango is. Notice how we were in contango until Oct of last year. Once this baby went into backwardation it was Goodnight Irene.

Bro, do you even watch the ZZ strips? They are trading at 5 year highs at the current moment. They are breaking out! ZZ1819 is pushing $6. That's called steep backwardation for you home gamers.