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I have a question on realized P&L in IB. So, I have exited 2 lots of a contract and I have let's say $200 gross profit. Commissions might be $11 at most(for rounding sake). But IB is showing only $167 Realized profit? Why is that? Where's the missing $? I've noticed that every time across...

Well, if you actually read the article carefully, then you would know he made $33M AFTER he was FIRED from his trader trainee program. So, perhaps he thought he would make lots of $ being a trader. But he's actually a great gambler. So, after the was fired he went on to make $33M in horse...

http://news.hereisthecity.com/news/business_news/9177.cntns There's more than one way to skin a cat. All you wannabe traders beating your head to scalp for pennies or you can use the same speculating instincts & gambling systems to make $33M in 12 months in horse racing. LOL

indexer, This is one of the clearest and most insightful posting on ET about the true nature of traders type. Having done it both ways - quantitative approach as well as TA approach, I believe both methods can work. One is not necessarily superior to another. They are different ways to...

vhehn et al, what I meant was can I fund the master account under f&f with my personal IRA? I know the accounts under the master account can be funded with IRA. I was just wondering if the MASTER account for f&f can be funded using IRA? It's not clear from IB website. IB reps - can you...

So people can fund both taxable and nontaxable under my master f&f account? But my mgmt fees that I'll charge them will be for performance of the master account which has BOTH taxable and nontaxable subaccounts. So, i can withdraw the fees I made on the taxable subaccount without penalty...

Hmm. Interesting. But how about the profits I get from other people who put money in the f&f with TAXABLE dollars? Or would they have to fund it with IRA/nontaxable dollars as well? just curious, 99

Hi IB Reps and others, I'm thinking of opening an IB Friends and Family account. Is it possible to fund this account with a personal IRA account that I already have at IB? And if so, would the profits I made using my personal IRA account be able to be withdrawn without tax penalty? how...

Freakin' unbelievable. Fed stepping into the markets! I was able to cover some of it on the way up. But still have some. :( Hmm.. You think this move will last? If it does last then I'll cover the rest of my positions.

This is the critical area that's being tested. Don't worry. Just SHORT MORE ZN! It will break this support before the end of the day. And the floodgates will be opened. Enjoy, trader99

http://news.hereisthecity.com/news/business_news/9041.cntns The Independent reports that a UK High Court has ordered brokerage firm MF Global to pay a day trader $30m compensation, after deceiving him over the amount of losses he incurred when trading. Rajesh Gill racked up heavy losses...

What did I tell ya? :) trader99

Yep! I got 2 words for y'all! SHORT ZN! It's coming down. I've been building a position. Though as a trader I'm flexible in my positions if it doesn't pan out. But looks like it's going to break support anytime soon.. have fun! trader99

lolatency - I know what you are talking about. The higher and more abstract math like differential topology, algebraic combinatorics, buildings, complex analysis, got NUTTIN' to do with the market or real life! But it can still nevertheless be enjoyable to read and learn. I suffer the same...

lolatency, I hear you totally! I feel the same way. I went to a top elite school as well and after grad and jsut working you are not stimulated the same way. I mean work is challenging in its own way but very different from the depths of math or any hard subjects. Only in the last year or...

Now is the time to go LONG NG! It's looking like they can't take it any lower. So it's going back up! Fundamentals support it too! :) 99

Now is FINALLY the time to short ZN! It's beginning to breakdown on the downside. good to short and continue to short all the way down. Mark my words. been waiting for this moment for a long time. :) trader99

talknet, It is gracious that you are attempting to summarize a long 4 page article for all for us here on ET. However, after reading the 4 pages of Michael Lewis' article, an author I find highly amusing and respectable, it does NOT match your summary. Please kindly reread the article rather...

freaking unbelievable! Went as low as 7125! The Nikkei last bottomed around 8000 in 2003. Then went as high as 17K. So, these last few months have wiped out all the gains since 2003! Half a decade gone! Tells you how hard it is to be a long term buy and hold in Nikkei. People holding from...

That's what I've been thinking as well. But ironically that's not what the market is saying though. Gold futures dropped like a rock down the lake! How can we have hyperinflation when all commodities prices are going through the floor? I think the market is pricing in a slowdown &...