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You are partially correct, but are leaving out some very critical details. 1. You lay no accountability at the doorstep of individual citizens who made unfettered and unilateral decisions to buy extravagant housing beyond their means, took out multiple lines of credit and wildly...

http://www.elitetrader.com/vb/showthread.php?threadid=222503 Not only is this spam, I'm pretty sure that it's illegal in its' present format.

Kingstree started to experience difficulties (like most traditional business model Chicago prop firms) in the mid-2000's, and in early 2009 the remainder was sold to Harrison Trading Group (who since then underwent downsizing/re-org). I know several former Kingstree traders, and was told that...

If it works for you, and you are consistent with it, then by all means why should you change ? I have taken on several clients who managed to make a living constantly fighting the markets over an extended time period - it was in their nature to always fade moves. Ultimately, trading along with...

Amen, brother.

Shit, who can afford one wife, much less several ? Swingers do have a point.

I am flexible, but I think that a national sales tax overtaxes the middle class and lets the top earners off too light. As you are aware, it doesn't matter if you take the Democrat or the Republican tax rates, either way the deductions and accounting gamesmanship makes it a moot point in terms...

This is ultimately a silly discussion in the sense that the trader requires a strategy appropriate for a capitalization level that can withstand several drawdowns in a row. It is actually more about the strategy you use than your capitalization. You can use any strategy you desire trading...

This is brilliant commentary. Better yet, does the trader have a strategy that will survive live trade drawdowns several times in a row in terms of capitalization. Bravo, FT.

Flat tax with no deductions on gross income for individuals and corporations. Go ahead and make it progressive for incomes > whatever. Put those 30K IRS employees to work auditing federal entitlement program expenditures. Waive corporate income tax on all companies who manufacture products...

I have never met a trader who didn't have a stop-loss or pain threshold. Now, traders have issues with setting stops too wide or too narrow - that is a reality. But, everybody trades with a stop whether they care to admit it or not. It is ultimately determined by their capitalization.

I have been taking clients for about 30 months now - two commercial clients and 60 ET Members who are individual clients. I still trade my own account, and usually work with clients during the afternoon and evening hours. I keep a cap on the number of clients I take on, and tend to rotate them...

It's frankly a lousy looking website I carved together in an afternoon, and it looks the part. Good part is, my clients like me and they are making money trading spreads in all the market sectors. I took a client on in March from the S&P pit here in Chicago who is now 7 for 7 this year in of...

I was under the impression that most of the 'hippies' eventually morphed themselves into 'boomers', which means that they actually paid into the system for some extended period of time. No ?

Miz, overlay that spread with the TED spread as well.

Great question, miz. Very informative spread to watch.

Agree, prop to HF I know for a fact is doable. Also agree that IB desks are in a state of flux, and besides they would certainly poach from a HF but more unlikely from a traditional prop firm. There are some prop firms that operate like a HF and give performing traders a great deal of...

Given the slippage required, I would say that there is nothing there worth pursuing - currently being arbed up the wazoo it would appear.

Well, they are surely bound to lose if the plan is to throw money at a market without a viable and tested strategy, no doubt.

The problem isn't the people who have worked all their lives and paid into the system - it's the people who haven't. How did LBJ's Great Society improve America ? How did citizens who chose not to work or could not work make ends meet before the 1960's ? Of the 50 % of American citizens...