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  1. syswizard

    If you hold overnight positions/swing trade, how do you hedge against gaps up/down?

    You're right...that would be quite an analysis. Since Futures Options historic pricing is likely either not available or mucho expensive, doing this with an IB test account would be the way to go.
  2. syswizard

    Sterling Trader DDE Quotes into Excel, how?

    In Excel, Hit: File, Help, and you will see the Version and the 32 bit or 64 bit within parenthesis. See this: http://office.microsoft.com/en-us/excel-help/choose-the-32-bit-or-64-bit-version-of-office-HA010369476.aspx#_Toc254341421 Something appears very wrong here. You have to go out of...
  3. syswizard

    If you hold overnight positions/swing trade, how do you hedge against gaps up/down?

    Have any stats or account statements that prove that statement ? dotm puts are cheap, but offer only some protection. ATM puts are expensive, but offer full protection. Options are flexible in that regard....pick your risk level.
  4. syswizard

    If you hold overnight positions/swing trade, how do you hedge against gaps up/down?

    Guys - options are the classic instrument for hedging. However, that does NOT mean they are cheap....you'll have to pay a price for the hedge. For instance, Copper has been moving fairly well recently, but margins are about 5500. And you get a margin call if you are down only 7 cents which is...
  5. syswizard

    Sterling Trader DDE Quotes into Excel, how?

    That makes sense....64 bit software and 32 bit software do not interop very well. All you need to do is uninstall Office 64 bit and reinstall Office running in 32 bit mode. However, something is wrong....it installs the 32 bit version BY DEFAULT: "In a default installation of Office 2010, the...
  6. syswizard

    are we in a recession?

    Nice chart - thanks. I would say that just by looking at the data, that car sales are about to level-off given the weak employment recovery. In fact, they may go down in 2013.
  7. syswizard

    are we in a recession?

    Yes, but that will be the "last shoe to drop" as unemployment rates will likely increase. Thus: Are we in a recesson ? Answer: NO. Will we be in a recession by the end of 2013 ? Answer: YOU BET (or I'll bet).
  8. syswizard

    But what about copper ?

    Huge move down by this guy on Friday....I believe it hit 3.60. Anyone short from 3.80 is up $5k/contract ! Articles I've read indicate hedge fund managers still very bullish, mainly due to anticipation of a new Chinese economic boom. I think that's....bunk. The only thing to hold up this...
  9. syswizard

    are we in a recession?

    Exactly....and a lot of traders kept buying as it became a "bargain"....and they lost. You have to ask yourself: was Friday's action indicative of a "key reversal" day ?
  10. syswizard

    are we in a recession?

    Hilarious. And yes, this is the "new" economy. At this pace, we're fast becoming like Greece !! BTW: I wonder if the Fed pays for Benny's beard groomer. He really insures that beard is lookin "perfect" doesn't he ?
  11. syswizard

    are we in a recession?

    See S&P move down today....nuff said. Corporate profits coming down...thus job market to get much worse...reason: they've maxxed-out their outsourcing. That's been the source of their "profits"....cost cutting. Now what ? Can it get any worse ? Only hope now is, and always has been, Uncle...
  12. syswizard

    Knight Capital posts $389.9 million loss on trading glitch

    The version that was installed did not have those features....or because of the 1000 multiplier factor, the software thought it was losing $1000, when in fact it was losing $ 1 million !!!
  13. syswizard

    Knight Capital posts $389.9 million loss on trading glitch

    It doesn't matter...that's what they SAID happened. That's not necessarily the truth. Almost to-a-tee, any recent disaster related to outsourcing and software has been a huge cover-up. Mariott Corp, BATS, Nasdaq FB, etc...there have been so many this year alone ! You'd have to beat the CEO of...
  14. syswizard

    Knight Capital posts $389.9 million loss on trading glitch

    That's exactly right. Someone, likely an outsourced programmer, mistakenly or purposely installed the TEST version of the market making software. That version lacked the requisite checks and balances. It remains to be seen whether the PRODUCTION version had the necessary circuit breakers to...
  15. syswizard

    TBT long play

    Anyone who went long below 60 in July has done pretty well. However, this has not moved in a straight line at all. It hit nearly 70 back in Sept, and has backed off. I think the run-up is over.
  16. syswizard

    The Big Picture In Silver

    A whiff of deflation will knock the socks off the price of silver. Interest rates soared today indicating future inflation. However, inflation is not really sustainable inflation unless wages increase at the same rate or above. And they are not.
  17. syswizard

    The Big Picture In Silver

    And indeed this was a great call. However, silver seems "stuck in the mud" around 33-34.
  18. syswizard

    But what about copper ?

    Copper was weak 2 days ago, and now has recovered. Nice move up to 3.75 level today probably because of news of housing recovery.
  19. syswizard

    But what about copper ?

    $3.77 close - all rallies above 3.80 have been getting hammered.
  20. syswizard

    But what about copper ?

    Copper and silver track to some degree.
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