Search results

Day one he is a PDT. Having an open account for equities is meaningless. I hear the futures markets calling him!

Talk to Don Bright. You need a prop relationship.

Please define high frequency. How many distinct trades per month representing how many contracts?

dima, the big divide is between educational services and advisory services. Those that find a way to squeeze into education fly very much under the radar while trade advice is now a pretty heavily regulated business almost everywhere. In the 70's I, with a partner, owned small investment...

Nitro, if you see this before you leave, the world's best burger is served at Bare Burger on La Guardia Place. The organic beef with a pint or two is heaven!! The bar at the Tribeca Grand is a good place to start a Soho / Tribeca overpriced pub crawl if that is your taste. I have no club...

Pro, the question is not whether a good trader will always make money -- of course they will. I had a friend of mine who found a fascinating niche in the travel industry and built it into a bonanza. He then discovered that two of his employees had found a way to fleece him for about $100,000...

To begin with I am purely discretionary and have no dog in this fight -- no code to protect. Winston, you have always been generous with your advice on hardware etc. here on ET and to the extent you promote your business you have always taken the high road. You are a class act and, I...

I do.

Hard to monetize those assets. I also would not give Greece the monopoly on math ... but partial credit is impressive. The fact is Greece and many other countries are insolvent. Their problems are not going to be solved by continuing "booster shots" of liquidity and everyone knows that...

Keep in mind that most rapes go unreported. In the 70's Italy had stringent (on paper at least) exchange controls. They were designed to prevent money from leaving the country. My partner and I had an office in Lugano, Switzerland less than 50 miles from the Italian border. Lugano's...

I'm not suggesting money management is not an important part of the equation but even perfect money management has no value unless you are trading setups that have a positive expectation. Part of having that positive expectation is using the appropriate stops for the setup, trade location, vol...

If your point is that the Fed is running low on bullets, I agree. I just think it is revisionist history to think the Fed never had any bullets ... even post the formation of the FDIC. They shot the Hunts between the eyes and that was not hocus-pocus. You may have more to say here but on...

But that is the whole point. The Fed is hoping for a bit of inflation so real rates (as opposed to nominal) will be negative. Their hope is that in that scenario some animal spirits will be birthed. It is of course very difficult to do after 40 years of debauchery but that is clearly the game...

When I trade futures and/or FX at IB it is IB that is my counter party ... NOT PENSON!!! NEVER WAS PENSON!!! NEVER WILL BE PENSON (or Apex)!!!

I simply wanted to correct one mistaken generalization. You seem to want to use a hundred words in each post to refute that.

Does anyone believe capital gains rates will from from 15% to 45%? I certainly do not.

It is always solvent customers that take down the money in bad times. And part of what induces them to do that is the rate. I ran a business in Switzerland in the late 70's and early eighties. Interest rates went negative in the local currency and, as a foreign controlled entity we were...

The point was to call attention to the fact that these type of general statements: "the Fed has never, by their own admission, been able to increase credit if the demand for it isn't there." are simply nonsense. I'm not a proponent of lower rates but to suggest that rate decreases have...

I think those that swing trade intra-day can be highly selective. I can understand ruling out HFT and MM but why rule out the day trade?

Would we have expected him to say that he did not want to ever be thrown out on his ass as Steve Jobs once was? Given how he treated his first provider of capital I think his protestations ring hollow.