Recent content by BWitt

Touche.

so to answer your question, no, i am not going to initiate a breakout trade tomorrow. but assuming you've taken on the responsibilities of being a trader than you'll make your own decisions and accept the risk given the info available (price action) leading up to the announcement.

Take this for what it's worth, just my opinion. The last Fed decision was a 1/2 rate cut, which was a bit unexpected, which led to the shot to the moon. A breakout play there was obviously very profitable. But let's look at this Fed decision. Fed futures are factoring in a probable 1/4 cut...

Concentrate on making good trades, and not concerning yourself so much with money and targets. Plus, if you eat like a chicken and crap like an elephant than you'll be out of money in no time. Think about it.

Sound like what you're asking for is where to go to get good training. Here's what I'd do (although it may not fit your personality...), go down to the NYMEX and stop into one of the surrounding bars. There are always traders hanging out after work, and I guarantee that some will be willing to...

I was in a similar position a little over a year ago (although I'm a little younger). I was fortunate to know a guy that works as an options trader in a midwest commodities exchange. I had a 'real' job, but started hanging out at the exchange and talking with as many people as I could. There...

Thanks for all the responses. I don't really care what contract it is, as long as it has the movement that the Russell has!

I like trading the miniRussell on CME, but is anyone trading it on ICE? I'm curious of the volume and bid/ask spread (tight/wide?). I believe the miniRussell will be let go from CME September '08 and I'm just trying to think ahead. I hope it will be traded like it is on CME, it's a great...