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Not a problem to set up a rollover IRA, just about any broker can do this, most for free. You'll more than likely have to liquidate the positions in the 401k and then have the check sent to your new rollover IRA. To your point you have 60 days to work with the cash, but it will have to be in the...

It's not that card players are overachievers (although the people listed in this thread all are), it's that the activity helps you think in terms of probabilities and not absolutes, which are helpful traits in our industry.

to the best of my knowledge (ie not a cpa) 1. yes 2. not sure, but pretty sure you'd be taxed in your home state regardless as that is where the ops are 3. since you'd be the only member all taxes flow to you 4 yes. you'll need a tax id that can be obtained fro the irs site, you'll also...

Just bookmarked this thread. :) Atticus I tend to agree with you but would love to hear your reasons behind your bold, or not so bold, prediction.

selindexvol66 hit the nail on the head. Knowing the number of times and the average duration the futures are in backwardation is instructive, I'd take it with a big grain of salt. Who knows what could come out in the next few days. Soc Gen could drop a bomb, BAC situation could get worse...

The question is when will it go back to contango and we can all go back to watching it drift down into oblivion. My guess is this time it could take a week or two.

don't have the future quotes in front of me but guessing VIX is still in backwardation.

whoa, my apologies, I think you are correct on the 2 year frame and not 3..it's been a while. :)

It's important to note that even though you were at the firm, they may not have necessarily kept your 7 with Finra in their name (there is a cost for that) You should be able to call Finra and they should have that info. The continuing education exams you need to take are a formality..at...

If your firm registered you than you should be ok as the FINRA threshold is 3 years. Make sure though the prop firm was actually hanging your license, if they weren't than the 3 year time frame goes back to the last firm that held it.

Off topic I know but I'm sure we all read the report today of how hard the SEC was working while all this was going on. Not to deflect outrage from the topic at hand but we know hedge funds, Ibanks, all of us, are working 14 hour days trying to make money and in some cases seeing how far we can...

lemme get this straight. the money managers of the world are working 14 hour days trying to see how to use the system to their advantage, and the guys in charge of policing them are watching porn 8 hours a day. who's up for another bubble?

Krazycarl-While I don't think it will prove illegal that Paulson's role should have been disclosed, it is quite shady. With something like a CDO there could be all sorts of crap in the final product, and the buyers are acting off of GS's reputation that they wouldn't intentionally screw...

wow, I'm not surprised at the anti GS vitriol but I wouldn't think it would be so unanimous. While I fully agree GS probably partakes in some pretty shady activities and takes full advantage of the current system, I'm still at a bit of a loss to understand exactly what was illegal. I haven't...

java patch didn't work. there was another mssg on here about uploading a more recent version but it was deleted.

There are many good entry level jobs out there, kid. Focus on finishing up school and getting one of those.

Is NYSE even trading right now?? my quotes aren't updating.

count me in for five hundo monday morning. as far as the Stern debate it's hard to debate he wasn't responsible for the spike in subscribers, but after that one time event how can he generate further growth? It's not like radio where anyone could tune in, listen for a couple weeks and become a...

"Would you in general consider prop trading and its extended leverage gambling? or is it all relative, as you trade in and out with precision?" all depends on the person trading. Depending on what one's definition for gambling is I'd say that I may fit it as I find the results of any one of...

For many of us that trade prop accts for a living it's not a question of style or personality, rather dealing with financial realities. 6-7 out of 10 trades per day I make money, so most days I'm profitable, but there are spells where I'm flat to down. When using prop leverage I can trade the...