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They also forget that just because you saw Mays and Mantle play center field (I did) and they made it look easy ... that it ain't easy for almost anyone else. I think it helps to know that the possibility is there; futures in particular provide more leverage than anyone can actually use and as...

A good number of rags to riches guys had some pretty good rags to build on. it is easy to trade a $50,000 account with balls (I'm not saying it is easy to win just that it is easy to press your bets) if you have serious equity outside the account. It is tougher if you have only that fifty and...

What is it about computers that makes people want to utilize them after their day is done? The technology that you will be purchasing (hardware and operating system) for not all that much more than the gut renovation you will need to keep your old machine is both better and a better deal...

What I find amazing about the post war period is not our dominant position, we absorb near zero destruction of our capacity to produce as others got slammed, but our amazing ability to piss away an advantage that large that quickly. It takes most empires centuries to decline yet we seem to be...

The US is not weak in manufacturing it is about the same proportion of our economy as it was 30 years ago. We simply do it with fewer workers. The problem is manufacturing employment and that is not fixable. This street goes one way -- fewer and fewer manufacturing jobs as far as the eye can...

I believe that virtually all the evidence supports the proposition that well chosen equities will outperform both bonds and gold over the long haul. I also believe that we are at an extraordinary point in the cycle and the only "way out" for the those in power is to kick the debt can down the...

I wish I had said that. I think the phrase in brackets "even if only a slim majority" is what is frequently left out when people speak on this subject. Particularly at the inception of a move the incremental weight on one side of the scale versus the other can often seem inconsequential...

Actually public companies have no such fiduciary responsibility ... they need not aim for the maxim possible financial return. If management views its mandate in a broader way than they can pursue their corporate objectives while donating to charity, offering a more comprehensive health plan...

The biggest problem even good handicappers have is overcoming the bid/ask spread. I don't mean the point spread but simply the spread you pay to bet. In football it is traditionally 11 to 10 that the loser pays while the winner gets even money. Baseball is a tad more trouble to compute...

Clearly there are changing elements but the question put forth is whether set ups hold up as other elements swirl around them. BTW ... my order size does not require a disguise ... lol.

Very realistic way to view gold. Not the best thing since sliced bread but surely a valuable asset when the presses are printing three shifts and weekends worldwide. Let us not forget that the ECB did exactly what they insisted they would not do -- they blew out their balance sheet in December...

There seems to be two schools of thought among discretionary traders. The first being that there are times when setups have more consistency than others but that results really don't vary all that much say quarter to quarter (while they clearly do day to day and week to week) because they are a...

I agree with almost all of your posts and respect that you are consistent with a long term view of the bottom line, piezoe. That is why it is upsetting that a guy with your obvious good sense could possibly be pro crony capitalism? Of course there is a bit of "crony" edge in every system...

BTW ... I want to be clear that I have great confidence in IB's ability to withstand virtually any crisis. None of these questions are meant reflect on them in any fashion. That said, while obviously any firm can go "MF" at any moment I am back into the US Dollar by 4 PM (or so) every day...

I like the SIPC protection at IB and I prefer executing through a broker rather than have them trade with me in principal transactions. I currently trade currency and other futures contracts through smaller firms with much more leverage than I can get at IB. I find I am only comfortable using...

There is evidence to suggest that SIPC has come to that conclusion. My take, like yours, is that securities transaction need to be some part of the mix to be more certain even if not completely certain.

Because I know nothing about computers I can probably give you better advice than the pros in this thread. BTW ... I am not implying that they are not expert. You have a couple of guys in here that can build from scratch with a blindfold on and a hand tied behind their back. But that is the...

For trades of $100,000 to $1,000,000 with a total monthly volume of 5M to 10M what firm is best and why? It seems IB is expensive.

How do the cash proceeds of a liquidated FOREX trade that are swept into the securities account at IB get treated in an MF Global type disaster?

OK ... I guess your logical approach has me at the disadvantage. I concede ... your intellect is such that I simply cannot continue the debate.