+++ et quisquis scandalizaverit unum ex his pusillis credentibus in me bonum est ei magis si circumdaretur mola asinaria collo eius et in mare mitteretur ... Experienced speculator and student of the markets for 20 years. My professional experience in the financial industry has included: independent/proprietary trading; market maker for a very well known wall street trading firm; wealth advisor to individuals and business while with a very well known wall street advisory firm. For the lay man, in short, I am a speculator in the Jessie Livermore sense, not an operator in the Jessie Livermore sense. Which is to say I hold both long and short positions, for varied time periods from minutes to years, through derivative and non-derivative products, in many different markets domestically and globally. Here's a more formal explanation for Seeking Alpha, FINRA and the SEC. 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