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  1. K

    Daytrading with Triple Long: What can go wrong?

    it's all algorithmic. It's not really a function of people crafting algorithms to specifically target him. It's more of a function of the fact that the system already accounts for simplistic trading patterns like this and he'd likely just get rolled up. The thing is, at a 1c stop, you likely...
  2. K

    ***Official*** 2011 Stock Market Thread

    Sorry if I don't understand how things work correctly, but can't you limit your potential losses on a short by purchasing call options? Obviously it doesn't apply to this case, but I mean in a general case.
  3. K

    what would you tell a friend

    I'd tell them to stop and think long and hard if they're truly willing to go through the dregs and low points of that kind of work for a small chance at achieving their goal, if they are, then they should go for it. desire is meaningless without the commitment to back it.
  4. K

    are liberal arts degrees worthless?

    not worthless in that, it's still a degree and the state of having a degree is a baseline requirement for a lot of opportunities. mebbe worthless if your goal is career opportunities. If you are studying liberal arts, then you MUST build out your professional networking early and often...
  5. K

    quick tax question

    Hey folks, 2 people making identical amounts of money in 2009, one is 1099 and the other is standard w-2. Both take identical deductions for things like charitable donations, mortgage interest, etc and no oddball deductions like mileage or home-office etc. The 1099 is liable for ~7% more...