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Wow.

I call him a damn good trader. He didn't start with 5K last month and make 34M doing monte carlo bets. This guy has been at it for a while and he's got money that we'd all love to have...and success that we'd all love to have. He built that trading. You may not agree with all of the risks...

qxr1011 has it right imo. You have to look at what you are doing and where we are today and how that relates to your trading. There are guys here that love the high vix and I read on here every day how it's like Christmas for them as they have lots of ways to print money during these times...

It was limit down from around 9:10am (roughly), til the open. To my knowledge it was never halted during regular trading hours. The minimum halt is 5 mins, and it never stopped gyrating.

I buy some of what he's saying...but not all of it. Everyone knows we have a high volume of HFT. The SP was limit down about 20 mins before the open...which means the price stopped at 1870 - however everything in the SP continued to trade. So when the open occurs and limit down is lifted, all...

Interesting...I'd still like to know how some other brokers handle this.

I'm anxious to see how this plays out. I've been with IB for many years and I see both sides of this issue. They have to protect their own interests and the concept of auto liquidation seems like a solid one, but in practice there are horror stories. As the lawyers mentioned, I've had...

You guys should be able to make lots of cash with this much information so far in advance.

It's not a simple answer. Depends on the fund's corporate structure, what they invest in, where they are based...lots of variables there. The media - and a few candidates - have gotten wrapped around the axle over carried interest. It sounds great to the voters to get up there and complain...

1870 on ES is limit down. We're there beating on the floor! That lifts when we open but rule 48 is in effect for the day as well as other curbs.

You may be right...it's one avenue they could pursue. I hope it doesn't happen.

Nothing will happen. Trump is morphing into sounding more like a candidate. He's right, but he hasn't thought this all the way through. First, there's very little money to the gov't if they taxed carried interest - and second - these guys can go offshore in a second. If that happens, then...

I am not KT of KTM. I took opm just as a natural progression of growth. It was fun for a time, but I will never do it again. The people were fine - I didn't have any pestering types or anyone that wasn't good to me along the way. The issue was the giant personal burden of losing their money...

I never prop traded. The others I know here didn't either...maybe a bunch did...but not us.

Like RabidTrader said a few pages back, there's little incentive to open up when you get attacked. There are a number of guys here that have done quite well over the years. Some aren't as active here or come and go to ET in spurts every few years. I've drifted away for lengthy periods myself...

Where is the underlying right now? Did I miss that? Is there enough data here to even do the analysis?

Not just that...gov't too. Cabinet heads of anything financial, White House economic advisers - you name it in DC. You can't swing a dead cat in this town without hitting a Goldman alum in charge of something.

Is this what ET has turned into? Eight pages of splitting hairs over whether some kid trying to rip off his broker is a criminal or just a fraudster? I guess I'm only surprised that a poll hasn't been posted yet.

It's true. Many of the high return/high dollar guys that I know keep the scale down a bit to keep things flowing. It's always a risk. I don't know if the broker would hijack it - maybe a few would and that's always something to consider. The bigger risk for me is always that someone that...

I don't care if it was written for DOS. TWS is stable and dependable. I can't recall the last time MS released "amazing software" - or anything close. Windows 10 has a good rep because the last few versions have lulled people into a progressively crappier OS and 10 allegedly is the first one...