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  1. S

    Hedging using bonds and bank bills

    Most of the time when retail clients try to hedge rates on homes they run into two problems: If you want matching maturities you find you get little if any savings and if you try to dynamically hedge by using shorter term instruments you either get eaten up on the rollovers or worse you find...
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    Is anyone else worried about Penson Financial?

    Why would anyone in their right mind hang around to find out if this covers it or not? Wire transfers are $25 or $30 -- what am I missing here?
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    You are correct that I am limiting my universe by asking for what I ask for although I'm not sure that it makes it asymmetrical. I make an offer and it gets lifted or it doesn't. It either becomes a fair trade between two traders or it lays out as no trade. But more directly to your point...
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    I think this is a legitimate question and one I have considered. I simply assume that the guy on the other side of this "trade" will have prerequisites: Proof that what I say is true, character references etc. My guess is that I will need to show him a history of consistent profitability no...
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    Best Country for Trading (Tax efficiency)

    Good advice for most. But I would add in the most emphatic terms do not just avoid places that are cramped and make you unhappy -- as he has pointed out -- be proactive and live where you are happy ... or even happiest. Since we only go through once it seems to me that two points here and...
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    OK ... consider yourself reminded.
  7. S

    Is anyone else worried about Penson Financial?

    The clearing firm is your broker. They are your counter party.
  8. S

    A Strange But Serious Proposition for a Not Yet Profitable Trader

    Currencies -- particularly the Euro -- account for a significant portion of my trades so trading the London session could work just fine for me. I don't view life as "if your host learns most of your tricks in two to three weeks". I assume we will talk a number of times and develop a basis for...
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    Seems you and Mav74 are among the few who get it. I expected some dumb responses but some of these guys take stupid and ignorant to a whole new level.
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    LOL ... never thought reading the posts from the angry guys who disparage everything and need to flaunt their success (real and/or imagined) could be so damn funny. I have had a few really nice conversations with new traders from Italy, Spain, Dubai, the UK and Israel. I am sorry to report...
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    ONLY IN AMERICA!! I think Pittsburgh is a fine town ... I have been there a few times and enjoyed it. Is it possible that you read from my post that I'm looking to cut my living expense? I will be carrying my apartment in NYC as we travel, living well wherever we end up, eating out a dozen...
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    Well in the UK today you can get an affordable hook up that is 10 times faster than what I pay almost as much for in NY -- 100 MB. I won't consider a deal unless the broadband is up to par.
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    I spent some time in Texas in the late '70's. I was in the investment end of the oil business at the time and ended up owning a bit of stripper production in Webb & Star counties which I kept as a small but regular (every month) income producer for a number of years. I got lucky and sold the...
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    Sounds like you might not be interested in the offer ... lol.
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    Thanks for the tip on couchsurfing.com ... I'll check it out. But at my age I find I need a decent mattress and a solid nights sleep or the cost to me the next day is prohibitive. I have long enjoyed your posts and the "Tape Reading" post you took the lead in some years back may well be...
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    I appreciate your helpful comments ... how kind of you! Who said anything about food? My guess is we will, except for breakfast, eat out and probably take our hosts out for dinner once a week or so. As to getting robbed, I'm from New York have owned and run businesses in five countries ion...
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    I thank you for your helpful addition to the thread ... lol.
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    A Strange But Serious Proposition for a Not Yet Profitable Trader

    At the urging of my wife I am actually considering letting someone watch some of my trading for 60 or 90 days. Here is why: We are accustomed to travelling a great deal -- mostly in Europe -- yet have actually traveled very little in the past three years as I have devoted myself to learning the...
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    'If you don't take a job as a prostitute, we can stop your benefits'

    There is an offer there. Lift it or pass.
  20. S

    Hungary and the virtues of not being in a currency union.

    I agree ... over time the intrinsic value of most of them is zero or close to it.
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