Recent content by cubsguy81

Why are there so many photos on the WSJ and Marketwatch of traders on the floor or on desks looking depressed at the market on big down days like today. Don't they know how to short or go long ETFs that have a short bias and make money?

Do you ever trade the YM afterhours or is it too thin for your liking?

Can you turn a guy with about 80K and a full time job with little trading experience onto the right path or is this more for those with more experience.

Looks like the OP was right. Hopefully you took profits early and often. Good trading on the ES last night.

Sold position at $15.78 for a quick scalp. I am now agreeing the sector is getting weak.

Yeah, rest of sector looking ok. In the money right now

Long 500 XLF @ 15.73

Irregular income is not the issue. Take for example nearly every salesperson. While most may have some sort of base, sales positions largely pay on commission. If you don't sell, you don't get paid. This is no different than trading - if you don't perform you don't get paid.

Why is everyone so concerned about working for a hedge fund, big bank or anything corporate? To me there is nothing better than the feeling of satisfaction of figuring it out on your own and leaving the rat race of pedigree, exams, networking and kissing ass to others. It is not necessary if...

Can you explain what you mean by newbie? I don't know the first thing about spread trading.

Were you trading the ES or YM yesterday?

And take care of that past due balance already!

Just send in the screenshot of your P&L and tell them to buzz off