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You know, the whole term "illegal" has lost meaning in this country. Something being illegal only matters if the locals or the feds want to make an issue out of it, otherwise it's a free-for-all. How many "illegal" aliens do we have in this country? About 10M maybe? When one is stopped for...

I have been watching them for a few years. You are correct, I have not seen a full day where there is no one around like this. I have sometimes noticed abandonment by the MMs for a few minutes or even a few hours, usually when the market starts quaking over some potential news - you know when...

He admits to paying about $150M a year in commish. Fascinating operation, huge trading floor - has about $4B under mgmt last I read. All employees sign huge non-disclosure agreements. He basically says he pays full price to brokers so that he gets the first call when there is news. I...

Are you sure it's an IB issue? I trade futures options on the ES (and have positions in the same stuff) and have seen the same 5ups all day. A few months back, all the bids/offers disappeared for a few hours. I called Globex and asked what was up. According to them, there are no "MMs" for...

If you are really really good at rap music or basketball, then you may be of great value. Truth is, the 99.99% who cannot make a living doing these things spend a high percentage of disposable income supporting the .1% who do, e.g., JayZ and Lebron James.

For the record, Buffett started Buffett Associates in 1956 with $105K, most of which was borrowed according to everything I've read. Even adjusted for inflation etc, it proves that you don't need the standard 10M that some here insist upon. In today's environment, it is also far easier to make...

Diode, Nice comments. I would agree and add that the CPO route allows for less transparency. While some claim to always want more transparency, I think there is a line to be drawn between discussing methods, procedures and practices and giving away the farm. It seems that if CTA customers...

You know who pocketed a huge amount of those commissions? Don Bright. While all these hedge fund wannabes here might be "only interested in the 2%" according to Don, he has no problem getting fat off all those failing daytraders. Does anyone think for a second that his take from all...

Good for him...and good for his investors. We should follow this guy for a few years and see how he does - pretty good so far. This guy is living the American dream.

Thanks for the offer Diode. I may take you up on that. For now, I am going to continue to pound QCharts about it and try to get others to do the same. The customer must drive their product improvement...too many have just left for other products which may or may not be better in different...

Talked to Qcharts. It's a known issue and they say they are working on it. They would not give a timeframe but said they needed to get the data from the supplier and reset everything...no idea why it went away or when it will be back.

486s? 20 years ago the FBI didn't have 486s, and they did their jobs didn't they? Sure, technology helps. It improves things greatly and makes people wonderfully more efficient. With all the pissing between all the agencies, the power struggles, the battles to keep from getting branded...

I think the term "sufficient capital" has a morphing definition, like many other things as we become indoctrinated to the markets over the years. Early on, 5M may seem like enough to hang it up, trade alone and shut the world out. If you achieve that and are still young, you may then think...

vix, Nuts meant broker by "BD", not sure if you saw his post? I agree with him. It's a pain in the ass to maintain all the compliance and paperwork. Why not just get the CTA/CPO and manage the money? That seems an easier way to grow yours (and others?) without all the IB headaches...

There are more strategies, methods and systems out there than you can believe. I don't use any software. I built my own model over 3 years and many thousands of hours. I pretty much exclusively sell SPX futures options.

Maverick, Do you have any idea how many "names and phone numbers" law enforcement gets every day? It's real easy to sit back and quarterback this stuff after the fact. Fact is, law enforcement has done an outstanding job since 9/11 to prevent anything else from happening, given all the...

I would go further that the most dangerous thing is a lack of discipline among those who discover options. I have had numerous people approach me who have "discovered" options and want to know more. Eventually they learn that they are able to put on X times the same $$$ on many more options...

I did bring it up over in QCharts Yahoo and I did write them about it. I think a monkey from QCharts wrote the email response back to me. I am in the middle of a significant backtesting effort and really need this data. I will beat them to death over this til I either get an answer or...

Tried 10 different servers today...still this exact same time frame is missing for less than 60 minute increments. Are you saying that you see this data running QCharts?

I am unable to get QCharts to bring up any 60 minute (or less - preferably 10 minute) data for the period Feb 11 thru May 9, 2002 for the SPX.X. Can anyone else see this data? The daily data shows fine, but 60 mins and less is missing. I tried two servers from each server farm over the past...