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it was like deja vu reading your post. its not uncommon for certain traders to be fantastic at generating huge returns but are abysmal at keeping them. sorry to hear that you can't work with your wife, that would have been an excellent partner to have. I have a risk manager that I tend to...

ym futures are down at IB, anyone experiencing the same problem

One piece of advice I'd give to other is to trade small small small, and have a mentor or wife overlook what you do. You need accountability. A disproportionate number of traders are filled with a toxic waste called EGO. The madness of wanting to be the best and the richest without...

Kalik Beer is almost as good as Banks Beer in Barbados. Was there for 2 months, some of the nicest beaches and thats about it.... I need a place with rich culture and decent food. I thought about basing out of Thailand, but I'm a intraday-trader and need net reliability. i hear the people...

There are problem with looking for a jurisdiction to live from purely a tax reason is that you end up comprising on many aspects that would be needed to maintain a certain quality of living. For examples, Bahamas is incredibly unfriendly island towards non Bahamians, now if you're just...

If you are a resident of Canada, all world wide income must be reported regardless whether it has been liquidated or if its capital gains. Everything is mark to market at year end. The best way to play it is to stay in 2 spots, if you like the winter stay in Vancouver and in the summer stay...

Buy a condo for 200k and you'll get a preferential residency visa for Panama. Or just visit for 3mos and jet off to Costa Rica for a weekend and come back to renew your visitor visa.

Panama, Top quality internet speed, Nice weather during the dry season, Low cost of living, And the women are strikingly beautiful. The city is a little polluted due to the out of controlled growth in condo construction. Beach towns are plentiful just 45-60mins outside of the city...

Mom's retirement has been refunded, she no longer needs to work.

Hopefully things will work out. one step at a time. The firm is slowly integrating all of their client assets to be solely traded by me. It may take years but I don't plan to go anywhere. Managing Director wants to give me a cut in the commission rebates too and I contiune on consistent path a...

thanks Rosy2, that was the kind of answer Iwas looking for. And yes the fund charges 50% and no mgmt fee

First off I don't know what constitutes a sweet deal or not. Awhile back ago Close friend of mine worked at one of the large clearing firms, they decided to back me with 25k. I ran that up over a couple hundred percent. Word got around and in time I was introduced to a small hedge fund outfit...

My story is strikingly similar to Michael Marcus, my father wanted me to be philosopher prof or a shrink, I was so consumed by the excitement of trading that I dove blindly into the pool of trading without a life jacket nor water in the pool. It was just little over 10yrs ago that I received...

the firm allows me to trade my account. I keep 25k in it, but I trade it much more conservatively, that way I can focus on my job at the firm. I still made 50k last year.

LOL If I was living back in the basement with my mother 40K would suffice. There is also one glaring condition that is overwhelmingly ignored when trading your own capital. The subtle and additional stress of not having an insurance policy, OPM affords me a leisurely pace where I can enjoy...

sorry if I was unclear, i started with 100k and made over 400%, so my new starting capital was 500k for 2007, and they threw in additional 100k last month. I'm up 50% this year so my last NAV was around 910. Typically the firm will pull out all the gains, but they decided to leave it, so from...

This year my account has been alloted just shy of 1 million dollars. They cover all my expenses, eating, living, travel and in the winter I can trade remotely in their Caribbean office. 440% is an anomalous return but I believe I can comfortable to 1/8th of that year in year out...

I was hired on with a temporary contract with a boutique hedge fund, I was alloted a small amount about 100K. I specialize in futures specifically the indicies, currencies and energy. My first year out I did about 440%, (i'm up 50% thus far this year) my cut is 25% of gross. With my returns...

I was hired on with a temporary contract with a boutique hedge fund, I was alloted a small amount about 100K. I specialize in futures specifically the indicies, currencies and energy. My first year out I did about 440%, (i'm up 50% thus far this year) my cut is 25% of gross. With my returns...

Can anyone give me some guidance on setting up a seperate trading sub account with IB. My corporate account has been approved, now I want to setup a sub account with seperate trading limits for my brother. It appears I have to get my brother to fill out additional info and provide a 1...