Hhmmm, curious how Refco is soooo defended here. As a trader, if any other company's CEO was arrested, a bunch of Fed investigations launched...
Funny, when they thought everything was OK, all these customers openly bragged how clever they were and that credit risk, reputation etc didnt...
Y'all need to go read terms and conditions. And by the way, you're not a general creditor when a firm files ch 11, you're an UNSECURED general...
Fred-- I have NO idea how much dough you have at Refco, but IMHO, the risk of an adverse headline or some unexpected development , can throw you...
My point is that large volumes arent always profitable, that large customers will punish traders financially for unethical behaviour and if you...
what ever happened to his dollar short?
I'll never understand why anyone asks sophisticated tax or legal questions on a chat board. Do you really intend to rely on any of this advice?
Try dslreports.com and look in software section - there'll be some comparisons and tests
achilles --- OK, sorry. Heres an example. See if it fits your thinking. Suppose one customer comes along who has an incredible balance sheet...
ckarlis' post is probably one of the greatest posts on this website - ever.
Thanks for your comments - I thought they were absolutlely terrific!!! Risk is always a question of perception, so if you make cash your way...
>> You miss my point completely. Anyone can innovate or do whatever they want. There is so much noise, that a small trader wont be noticed by...
Probably no direct or quantifiable P&L - thats a sure way to get fired these days.
I'd love to spend a day at a prop firm in NY. Any ideas? Then I'll report back my findings and see if y'all agree/disagree.
1. I doubt most banks will study smaller trader activities as they lack the time to. Of course it can happen, does it? Rarely. 2. Ummm, you...
2cent - Although I dont disagree that stuff does happen, considering the number of trades, the number of clients and the number of sales/trader...
If you want a career, not a job, you need a degree from a top tier school - anything lower than a Tier 2 school, IMHO, is a waste of time. Dont...
Paranoia seems to be the norm here. 1. With the costs of computing dropping as quickly as it does and lots of smart people around, you have to...
So much for the argument that being on CNBC was job enhancing
IMHO, its a function of your account size where you trade. Jumbo leverage makes no sense if you can swing reasonable size at name brokers/banks....
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