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I laughed. :p <object width="425" height="373"><param name="movie" value="http://www.youtube.com/v/Mk3hmifWLhE&rel=1&border=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/Mk3hmifWLhE&rel=1&border=1" type="application/x-shockwave-flash"...

Capital base should be good enough for GS, altho you might want a smaller PB for better customer service. There are many prime brokerages, practically every big bank has one. It's a VERY lucrative business. Lehman, Jefferies, UBS are some other prime brokerages. Global Custodian has an...

GS may not be the best choice, as they are one of the largest prime brokers and really cater to the biggest accounts. There are annual surveys done by Alpha Magazine and Hedge World that break down which prime broker excel in what categories. A smaller prime broker may be better in terms of...

Totally agree about how poker and trading are about money (risk) management. To illustrate proper money management, the following links detail Chris "Jesus" Ferguson's goal of trying to turn $0 to $10k. He did it fast enough that his next goal is $100k maybe even $1 million. Notice how he...

+9 now. That would have been net $9K. mothaf*cka. lol.

OP did not have a stop loss. And he got out something like 20 pts from the lows. With the higher overnight margin, it was a bit of surprise that IB did not liquidate. With 10 contracts, no way he could have martingale the position.

RUT's drop has been much steeper than the other market since this all began. er2 just hit 675, flat from Friday. Sometimes it just feels like the market is out to get you.

Really unfortunate. He was ranting that 100 basis pt count still wouldn't recover the market. Ironic that the RUT has been outperforming the rest of the market. It's only down 0.76% while the rest of the market is down more like 1.3%. Sometimes it better to react to the market rather...

CME Group U.S. Equity Index Futures Daily Price Limits

I understand your intentions and I think they're good. But everyone should know the potential pitfalls 88% Concentration Poker Bustouts

If the links doesn't work, the id = john99

I went through his blog. He's been trading for 2 years from california. Has a day job but takes advantage of the time zone to trade the markets. Considers himself a professional daytrader. Seems to possess an above average intelligence. He has done a lot of study in trading the markets...

You know, the sad thing is if the market had gone up and he had made a lot of money. He would have thought he was a financial genius. Predicting turning points is the hardest thing to do in trading. Better to stay with the trend. Or not make reckless ALL-IN bets. And no, it's not funny...

110k is not a good deal especially if they want him to relocate. Bonus is on the low side as well. Either it's Bear/Merrill hiring or your bro had average grades in school, something is keeping the comp down. Then again, did you read about trader who shitted on the floor because he didn't...

My last assignment I had a colleague who worked at MBIA and had just moved over to JPM before the whole mess. He decided to take a position in MBIA at around mid 30s in Nov. He said MBIA only did quality stuff, none of that subprime crap. Shows you what he knew. His guaranteed bonus was...

Holy crap. ABK is down to $5.90 and MBI is at $8.95. Now both companies COMBINED are probably valued at nothing.

Cramer will set her straight...

TA sez we go up. 1400 SP is support.

Something got to give. ABK, MBI or CFC. One or more will go out of business. Too risky to take a substantial stake. Look at Warburg, $500 million at $31. They must be kicking themselves in the head.

CROX took a hit from patent litigation outside of the US. Momentum is gone from this one. Though any positive news could send it soaring.