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  1. S

    Penson

    For a strictly futures account better than Vision or Crossland? I would throw in both AMP and Velocity but both are lightly capitalized.
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    Penson

    To me the central point is why anyone would keep money at a firm that could well be on life support any moment now. BTW ... I think the regulators have known about the problems at Penson for so long that it is unlikely that the segregated accounts will be a problem. I also think they already...
  3. S

    Penson

    It is always counter party. Since I do not know if it is properly segregated -- a BILLION dollar problem under British seg rules for Lehman clients and a problem here at MF Global -- or even if properly segregated there might be a major client blowing up or a custodial bankruptcy which of...
  4. S

    Penson

    Everything does involve risk but I, for one, want to take my counter party risk with guys who are not demonstrably insane. They had a director do a self dealing transaction to invest a significant and material portion of their net capital in a freakin' racetrack. Either their controls were so...
  5. S

    Penson

    Amen!!!
  6. S

    Penson

    LOL .... you are the only one with a valid excuse to keep money there. You're high!!! On a more serious note why would anyone choose what is a potentially weak counter party to keep money with? I honestly do not get it. I would not keep a dime with any firm I thought was weak and I would...
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    Worst "trading" article EVER!!

    http://www.netplaces.com/day-trading/advanced-trading/scalping-while-watching-the-evening-movie.htm
  8. S

    Penson

    Let me check if I understand this: Penson is weak financially yet there are guys in this thread that continue to leave money with them and/or one of their IB's? No one over the age of 16 or 17 should have trouble understanding what is wrong with that equation.
  9. S

    Buying New Computer

    Thanks ... I decided the Home Premium would do it and ordered the laptop. Her requirements are pretty modest and this configuration works without a big budget. Again ... thanks to all.
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    Buying New Computer

    Thanks to all for the advice. She'll check the outlet options for a few days and, unless she sees something better or cheaper but as good, she'll buy it.
  11. S

    Buying New Computer

    I'm buying a new computer for my wife who runs a small (but thriving) home based PR business. This is not for trading. I have had good experiences with dell in my trading. Their Inspiron 14Z ($649) spec'd below seems to be a reasonable choice with an upgrade to MS Office Home. Should I...
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    How much did your trading education cost?

    I think the draw down is, for many of us, only the tip of the iceberg. While my total draw down before I started making small profits was low -- under $4,000 -- the opportunity cost over 18 months was quite significant. I'm not complaining about the cost but it is important to put all the...
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    Please teach me.

    An acquaintance of mine worked for a very serious trader years ago ... net worth 50 million plus. The first day on the job he was told there was no such thing as an overbought or oversold market in real time ... only in retrospect.
  14. S

    Why an MRI costs $1,080 in America and $280 in France

    Sometimes one single fact tells you everything you need to know about whether a system is a business or a scam. Just what is ripped off transporting people is a crime and that's before Ali Babba walks into the room with his white coat on. The medical gouge is one of the foremost reasons for...
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    Leaving IB - where to go??

    Futures, futures options (on occasion) and Forex. I do not us TS but, as I said, you need to check it out. May well fit for you.
  16. S

    Leaving IB - where to go??

    I don't trade equities but I hear that Trade Station is worth a careful look.
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    Why an MRI costs $1,080 in America and $280 in France

    My sole intention is to contrast what I KNOW about the UK system with what a guy like you THINKS about it. Have you ever even been to the UK? It sounds as if you think that a wealthy Western nation can't mismanage its health care system and make it insensitive to the needs of its constituents...
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    Why an MRI costs $1,080 in America and $280 in France

    I am not a fan of the US health system but the NHS? C'mon ... it is a brutal retarded system. When I last lived in London there were people in serious pain waiting months to have kidney stones removed. The quality and timeliness of NHS medicine is a joke. The French system is timely, quality...
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    Best Country for Trading (Tax efficiency)

    The US taxes its citizens income no matter where it is earned. Although there are some offsets possible on salary the reality is that in terms of income earned abroad the US tax code is as unreasonable as it gets. Or to put it directly -- it sucks.
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    Why an MRI costs $1,080 in America and $280 in France

    Many thanks to the OP. And to those who immediately look for a partisan political reason I point out this goes way beyond what side of the aisle you sit on. It is a sick system that is a product of a collapsing empire. In our credentialed society we have pushed talent so far toward the bottom...
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