<p>Knight Trading is one of the larger trading firms…</p>
<p>[Knight</a> Capital hit by Facebook loss, wants Nasdaq to pay | Reuters](<a href=“http://www.reuters.com/article/2012/05/24/us-knightcapital-facebook-idUSBRE84M1IK20120524]Knight”>http://www.reuters.com/article/2012/05/24/us-knightcapital-facebook-idUSBRE84M1IK20120524)</p>
<p>I am a psychiatrist who now works part-time. I had thought about retiring, but I’ve come to realize I love my work, especially since I can make my own hours and have a wonderful group of patients…for the most part.;)</p>
<p>I have no formal training in economics, finance, etc., but I grew up in an investment environment and am no stranger to risk taking. My youngest will be heading to college soon and I’ve enrolled in a night-time course at the local college this fall, mainly out of curiosity. </p>
<p>Any suggestions for investment books to read, shows to watch, etc?</p>
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<p>I don’t know if my trade went through Knight, but the above paragraph would certainly explain what happened to my trade that I put in at $42 and they tried to say was settled at $38.</p>
<p>Knight does buy orders from other firms…
So it is possible…
Customers are entitled to fills though…
I don’t know of a firm that would not adjust prices for customers…</p>
<p>I was complaining to Schwab about not receiving a fill on a call spread…I said I should have been filled…I am looking at the quotes…
And they checked for me…
It turned out I did not deserve a fill. Instead of looking at the calls…I was looking at the puts.
Oops. ;)</p>
<p>Psychmom…I am getting old…so I don’t know what is current…I have Ben Graham’s book on my desk…but I never read it…</p>
<p>I liked the Market Wizard Books…
And this is a classic…my favorite…but it is more of a trading book…</p>
<p><a href=“http://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lefevre/dp/0934380112/ref=tmm_hrd_title_0[/url]”>http://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lefevre/dp/0934380112/ref=tmm_hrd_title_0</a></p>
<p>I like recent stuff like Too Big to Fail and oldie but goodie, Liars Poker…not going to teach you a lot about investing, but will show you some behind the scenes of the blowhards that run Wall Street</p>
<p>Since we’re all at different points in our lives, we have different financial goals. Two books that I found useful to use in conjunction with each other are: [Amazon.com:</a> Buy and Hedge: The 5 Iron Rules for Investing Over the Long Term (Minyanville Media) (9780132825245): Jay Pestrichelli, Wayne Ferbert: Books](<a href=“http://www.amazon.com/Buy-Hedge-Rules-Investing-Minyanville/dp/0132825244/ref=sr_1_2?s=books&ie=UTF8&qid=1337872989&sr=1-2]Amazon.com:”>http://www.amazon.com/Buy-Hedge-Rules-Investing-Minyanville/dp/0132825244/ref=sr_1_2?s=books&ie=UTF8&qid=1337872989&sr=1-2) and [Amazon.com:</a> Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor (Agora Series) (9780470445891): Lee Lowell: Books](<a href=“http://www.amazon.com/Get-Rich-Options-Strategies-Straight/dp/0470445890/ref=sr_1_1?s=books&ie=UTF8&qid=1337873276&sr=1-1]Amazon.com:”>http://www.amazon.com/Get-Rich-Options-Strategies-Straight/dp/0470445890/ref=sr_1_1?s=books&ie=UTF8&qid=1337873276&sr=1-1)</p>
<p>Doct…from reading the table of contents…the 5 rules book looks interesting…</p>
<p>I like the comments about the book in Amazon too.</p>
<p>And…the second book…how do the authors differentiate between selling covered calls and selling naked puts?</p>
<p>I am trying to sell a spread for a credit right this second…but I don’t think it is going to happen…</p>
<p>What happens if FB moves from Nasdaq to NYSE? Is there a play here?</p>
<p>I don’t remember. I hadn’t looked at the book for a while except last night. I hadn’t looked at the last chapter which was a “bonus option trade” - which looked a lot like what you’ve done here. It was called ratio option trading. I like the book because unlike a lot of books, it has a few methods that are explained. I think there is a book by McMillan on options which is huge with all kinds of trading techniques which a few years ago when I looked at it, was too obtuse for me. This book is straight forward. The title is unfortunate and really doesn’t go with the book.</p>
<p>“Mobile is going to crush FB… And in the interest of disclosure, I bought 150k shares of FB. 50k shares at 33, 50k shares at 31.97 and 50k shares around 32.50. Its a trade, not an investment. Kind of like buying a Mickey Mantle, a Hank Aaron and a Barry Bonds Rookie Card knowing there is a card show in town next week.” -Mark Cuban</p>
<p>[blog</a> maverick the mark cuban weblog](<a href=“http://blogmaverick.com/]blog”>http://blogmaverick.com/)</p>
<p>I guess he approves the trading range of $31-$33 range I didn’t want to get into a couple of days ago.</p>
<p>I’m stressing options here because besides the “insurance” aspect they provide, they can be more conservative than owning stocks, for example buying ditm calls as a replacement for owning stocks or indices.</p>
<p>^ That article is stupid.</p>
<p>“If you have $10 million saved up and it yields the typical money market rate of about 0.5 percent that means $50,000 a year in income. If you supplement that with Social Security the average monthly Social Security benefit for retired workers in December 2010 was $1,175.50 you could be fine.”</p>
<p>Seriously?!?</p>
<p>“6. Inheritance too small”</p>
<p>So… now it’s my parents’ fault.</p>
<p>150k of FB for Mark Cuban is chump change…and he might have sold some today.</p>
<p>I like his blog.</p>
<p>I like 3. In his latest blog.</p>
<p>I like his questions about mobile vs the pc…</p>
<p>The Ad issue on PCs vs Mobile is really huge.</p>
<p>If the content providers can’t make money, then there won’t be content. Some sites have gone subscription - WSJ can do that but many others can’t. It explains why you have to join Hulu+ on mobile devices but can view stuff for free on the PC.</p>
<p>I don’t think that land-based broadband is going away anytime soon. Your bandwidth is far cheaper at home. On YouTube, movies, etc., you can keep your bandwidth use down by downloading it at home and then uploading it to your mobile device for when you have time to see it. The PC experience is more of a luxury thing compared to mobile too.</p>
<p>Right now I have four extra monitors. 3 17 inches and 1 20 inches. This is from combining two households. I’m trying to think of what I should do with those four monitors.</p>
<p>I am not really understanding the monitor comments…</p>
<p>Maybe you can give the monitors to schools?</p>
<p>A partner is using facebook on a phone and a pc at the same time…
Can’t see the ads on the phone…if the ads even exist…</p>
<p>Mobile phones can track you…maybe that will be the way to produce ads…</p>
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<p>I will look around for places that will take them. I’d rather not deal with the schools though. Perhaps the local library would want them. I may offer them to local homeschoolers too.</p>
<p>Edit: just talked to the library - they still have some computers with CRT displays so it sounds like a good place to donate these to. It should cut down their power bill, decrease their cooling bill in the summer and give them back some more desk space. I’m going to bring them in and try them on their systems and leave them there if they work.</p>
<p>They do track you but they usually ask first. It can be quite a nuisance when they ask - you want to use an app and have to press a button to get to it. I see Apple continuing to work to squeeze Google out of the iPhone ecosystem by providing their own in-house services. Google can monetize your location - I don’t really have a problem with that.</p>
<p>I wish that there was a way to specify what you are interested in for ads. On those free IT magazines, you fill out a card to indicate what you are interested in, what you are planning on spending in the next year, what things drive your purchasing decisions, etc. If a company could get you to answer a detailed survey on these kinds of things, they would be golden with their database of market research. I don’t really mind ads targeted to what I am looking for. That’s why I like the Google ads on their search pages.</p>
<p>“I wish that there was a way to specify what you are interested in for ads. On those free IT magazines, you fill out a card to indicate what you are interested in, what you are planning on spending in the next year, what things drive your purchasing decisions, etc”</p>
<p>I wish there was away for targeted ads on the internrt to stop after you buy the product.
I think CC runs targeted ads…</p>
<p>I really don’t need an unlimited amount of toilets. :)</p>
<p>Edit: great…hopefully the switch of monitors goes smoothly.</p>
<p>I never see the CC ads - I use FlashBlock. The ads that get through are simple image banner ads and text ads. The thing that I hate about Flash ads is the bandwidth that they consume. They consume a lot of CPU too but I’m on a quad core system which has lots of spare CPU cycles.</p>