BSAM, Hehe, your analogy is exaggerated so I had to as well. Assuming mlbeers is a kid with a "wad" saved up, telling him to venture out now...
Lamont, You seem to think a new trader can become a full-fledged systems trader right out of the gate by paper trading properly. I don't think...
I agree with Jayford that mlbeers needs to trade (small) real money now. There are some critical questions that need to be answered that cannot...
The issue has been resolved. Took a little convincing, but MBT did go after Penson and got my money back. It was an issue with Penson switching...
Ah, that explains it. At $75k salary, the income taxes in the US is about 20% too, payroll taxes (social security) are about 10%. Cost of living...
LOL, don't forget federal/state income taxes, payroll taxes, living expenses. At that salary it takes 2-5 years just to build up a PDT grubstake....
A little at a time hehe. Everything looks absurd when taken to the idealistic extreme, Marx used that to "prove" Capitalism is absurd too. Not...
Awhile ago I start investigating how MBTrading calculates margin interest because the charges appear abnormally high. Starting from Jan 2005, my...
I consider a fixed consumption tax on oil to be price-fixing. It's price-fixing of the social cost of oil consumption (not overall price). I...
This poll is pretty useless because it doesn't specify the timeframe. How are you going to make sense of the results?
Sparohok, I agree with you that regulation is required to protect the basic rules that keep a free market fair. For one, I don't think the...
I believe that options/futures trades all have a tangible economic effect. For example, when I buy a bunch of CALLs at the market, the options...
Just good old competition. Trader will gravitate to instruments that suit their purposes. Exchanges/instruments that don't suit the traders will...
If you don't have all your eggs in one basket you can always open an account somewhere else to hedge your ES position with some other instrument....
I don't agree with a lot of you guys about what's an edge. To me, your edge is what allows you to make a profit, not things that maximizes your...
I found a way to turn lead into gold, but have no money to buy lead. Perhaps you can invest your capital with me, we'll sell the gold for $25k...
Think about how successful and for how long a trader has to be profitable for you to consider her a worthy mentor. Think about how much a few...
I highly recommend MBT but bear in mind it's very bare-bones. There's no charting, no research reports, no portfolio analysis. It's just a...
By fully experiencing the pain of leaving lots and lots of money on the table. If you have an edge and you're sabotaging yourself by exiting...
Perhaps nitro was refering to Ripley's posts 2 months ago that he started with $1k capital, much of which borrowed on a credit card cash advance....
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