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It did not happen to me, I do not trade stocks, only futures. I have a friend who heavily shorted major sub-prime companies in January, new Century among them, and he ended up in this situation for the fist time in his trading career. I got very curious, what happens.

Does it mean that no shares needs to be bought back and the $ immedialty locked in after bankruptcy?

What happens in the case when there is a great paper profit on the short side and then the company goes bankrupt and delisted from the exchnage? Is profit gone? If not, how can it being locked? Thanks, redduke

Hi Flytiger, Thanks for this info. I can understand that a lot of money is being made with this technique, but I still wonder why government would not make it illegal. After all, there are a lot of other things that can make tons of money but they are illegal. Another reason why I like...

You missed my point. Dow was just an example.

I know very little about stock manipulation (I am futures trader). Can someone enlighten me, what is the purpose of naked shorting being allowed? Until this thread I did not even know that such practice exists. How these guys pick which companies to can do it at? It does not happen to any...

Do not be so convinced that 8-15 years will get you there. Just look at DJ from 1960s to early 1980s, it was circling 1000 for a long time. Just because we had an unprecedented bull run last 25 years, does not mean it will be the same in the next 25 years.

Way off the buttom and way off the top. I am among thoese will will have to pay the bill. If the bail out takes place, it will once again propogate consume today as much as you can and the hell with tomorrow. Uncle Sam is always out there to help out.

Unbelievable, big boys pushed these ridiculous loans on public in order to be able to build their CDO and sell the bonds. Idiot public snatched these loans, and now we the tax payers have to pay the bill when people who are responsible for creating this mess walk away with billions. To be...

It is anything but laughable. Did you study and practice it for a while to make such a comment? If you think even a bit, you would realize that what Spyder and Jack are teaching is to use price action combined with volume for intra day trades. They incorporate channels, I use CCI but the end...

I have heard that the reason why IB is being faster is because they aggregate the ticks where E-signal shows every tick. Either could be advantage or disadvanrage depending on what you are trying to do.

Michael, You are in great situation if you can trade 1/2 day while you are in the office. While you learning to trade properly, you getting an income so you will not depend on trading income to pay bills and this is huge. redduke

Of course they do. Just tell them that all you need is HKF data, and thatwill be the only exchnage you will be paying for.

I have received multiples PMs. Here it is: One of the best systems out there is Woodie CCI. The main site with free chat room is www.woodiescciclub.com. There is another great site which was formed by CCI traders – www.ccitraders.com. The get the basics of the system go to...

Michael, Age is your current worst enemy for the type of work you are looking for. Usually these types of entry level positions for people in early 20s. There are always exceptions of course. Unless someone brings you in, it is really hard in, too many candidates want it. If you want to learn...

I am not sure what you mean by 15-18k. A lot of brokers provide it free of charge, but you pay a bit higher commission ($5 round trip for e-minis), or you can pay subscription and then the commission is being slashed about in 1/2. Check velocity futures as one of the brokers. If you want a...

It is Trading Technologies. http://www.tradingtechnologies.com/

Ninja does. CQG is a great charting, but I have heard that as execution it way behind TT and the like, never used it myself though.

I use mouse, so never explored this option. Just e-mail their support, and you'll have an answer very quick.

TT is great. Another good option is NinjaTrader with Zen-Fire feed.