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But you live in East St. Louis?

At MF Global customer losses appear to not be a factor in the depletion of the Segregation Account. Remember Segregation is the left pocket of the firms trousers and their capital account is the right pocket. The $$ are in their hands every day and you count on them to put your money -- and...

I also deal with IB, Epic. Counterpart risk is always theoretical until it is not. At that moment it trumps everything else and is too late to fix. If you put your $$ somewhere the time to figure out if you will get it back is upfront.

This is classic. You think because I suggest a number (2K) that puts at least some skin in the game that I paid some low number in taxes last year and that I believe that the range I pay in should dictate the number. How about we make it 100 million and that way we shut you out of the game...

I'm not conversant with UK voting procedures but the term poll tax in the US has an entirely different meaning than what you are referring to. It was a tax (frequently accompanied by a literacy test) at the poll before you voted. The literacy test for white people in certain Southern Counties...

I think there is a more straightforward way to accomplish a very similar end. No one starts out with the right to vote -- not at 18, 21 or 35. It is paying into the common weal that earns it. Since most (probably 80%+) of legislative decisions revolve around how tax dollars are spent as...

If you allocate "post trade" what's to stop someone from giving a bit (or more than a bit) more profit to account A and a bit more loss to B?

Look first at the equation and not just the W/L component of it. As hard as it is to do take only with trend swing setups, move stop to BE or thereabouts when you are 2pts in-the-money and exit +4pts when you can. I am not suggesting this is easy but probably a better bottom line for the...

I would add that both the financial and criminal risks are present whether you move the money back to the US or not. The law here is clear. If you do not disclose the accounts -- and pay appropriate taxes as due -- you have committed a felony. It has nothing to do with what you do or do not...

Turned out to be the feed. Rithmic has fixed it and did a good job on customer service. My time was eaten up with a serious family issue which is now resolved but Rithmic and Deep Discount/Crossland crawled all over the problem once I had the time to work with them. I'm consistently impressed...

!00% correct. Unless you are really a broker/dealer and it is an operating entity the CFC rules will have you taxed whether you repatriate or not

You can bank on Mars (and even Neptune) if you can stand the walk to the teller widow. There are no ATM's or wire transfers from the other planets. The only thing is you must disclose certain financial accounts on in your Federal tax filling every year. At one time I was a signatory on...

Mav, not taking anything away from your answer, it's a good one. But we all know that if a friend or even just a long time acquaintance is up against it we try to pick up the odd tab or send over a drink. I realize that I am speaking of voluntary behavior here and that is worlds apart from...

If it turns out that Corzine was responsible for the theft of segregated funds he will be held personally liable and I suspect will do some time. They have been looking for a "poster boy" and my guess is he's it.

Worth the 17 minutes it takes to listen to. I think this guy has it either right or very close to right. http://coffeeandmarkets.com/?powerpress_pinw=35032-podcast

Everyone is pointing the finger at someone else. Sierra's knee jerk was its not us, my broker claims Rithmic connects directly to SC so it can't be them and Rithmic is working on it. The only saving grace is that I'm not trading these past 10 days due to other pressing concerns. Any...

Thanks. It really was not a hard one to call. It was right there in the regulatory description of segregation and required a few -- very few -- paragraphs of reading. Many feel a need to feel safe rather than be safe.

I think he's toast. Nine times out of ten (maybe 99 out of 100) guys in his league ride it out and don't do the time. He picked the wrong time and the wrong issue to play fast and loose. Frankly, I'm shocked that a someone with his stature and experience would push a loosing hand over the...

If you have a couple of glasses of wine with dinner it probably has little effect on your life. If you are 22 years old and get drunk from time to time as long as you can hack the hangover you'll probably out grow it. But to binge year in and year out on booze or credit will eventually...

Maybe the question should be can you really use much more than an EMA and price action without obscuring what is really happening in a market in the moment. I'm not pretending to be a highly successful PA trader -- I am still learning what is a very nuanced methodology -- but it is head and...