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  1. bone

    I wish I would have gone into the military. This is really boring.

    Tinder. Master the fine art of the midday quicky.
  2. bone

    Howard Marks memo ( Oaktree Capital Management)

    My sister is a VP at a major US manufacturer. Some of these products feature intuitive adaptive software controls that give their products a marked competitive advantage. Several Chinese companies expressed interest in buying these US made products and asked her to come to China and negotiate...
  3. bone

    is astrology in trading any good?

    True story: I once saw an ad for new traders at a Chicago prop firm. The ad stated: ”practitioners of Gann or Elliot Wave need not apply”.
  4. bone

    Does anyone have data when banks & institutes do the most profit taking?

    1. I’d rather like to know where they INITIATE a position. Where they take a profit would be a distant second for me. 2. They iceberg orders, use multiple accounts, multiple clearing firms. They can even use ‘give-up agreements’ and not bother with multiple accounts. The Commitment of...
  5. bone

    Tastytrade, Peak6 invest $10 million in new exchange

    That is the part which is ominously MISSING from Sosnoff’s marketing hyperbole. It doesn’t really matter to an FCM or a brokerage if a futures contract has $100,000 notional value and a $31.25 tic size - or a $10,000 notional value and a $3.13 tic size - it costs THE EXACT SAME to service that...
  6. bone

    Venezuela and the slow down of US Shale ?

    LOL Exactly. Supply and demand doesn’t move energy markets :Do_O That would be news to John Arnold! Those Weekly EIA reports that all the serious commercial hydrocarbons traders pore over in minute detail and that move the markets don't really move the markets. :banghead:
  7. bone

    Venezuela and the slow down of US Shale ?

    There's a severe information shortage in the OP's original post. While I agree completely that certain Permian Basin shale oil formation sites are price sensitive at $50 per barrel approximately - Venezuelan oil exporting isn't like turning on a tap. There is literally no infrastructure and no...
  8. bone

    Venezuela and the slow down of US Shale ?

    https://oilprice.com/Energy/Natural-Gas/Theres-No-Slowing-US-Natural-Gas-Production.html "Not only does production in the Appalachia Region continue to grow unabated, but the associated gas (co-produced with oil) in the Permian Basin has started to have a large impact on the natural gas market...
  9. bone

    Scalping with a hard stop loss

    For those who are following at home, Charles Drummond has been doing this since the 1970's.
  10. bone

    Venezuela and the slow down of US Shale ?

    1. Electric cars will be natural gas powered for fifty more years. 2. Renewables will never be able to replace fossil fuels entirely.
  11. bone

    Venezuela and the slow down of US Shale ?

    Venezuelan and Mexican crude is quite sour (high sulfur content) and viscous. You can probably count on one hand the number of refineries who have the catalytic equipment to crack it. It lowers refinery throughput significantly and is very hard on equipment and maintenance crews. There were...
  12. bone

    But what about copper ?

    Copper is sitting here around the 2017 lows. Unless China hits a recession I doubt we'll see the 2016 lows. If you see a positive China-US trade agreement (and I think we will), you could see 3.25 to 3.37 easy.
  13. bone

    US National Debt Does Not Matter?

    It would appear that the US is not terribly out of line with other G7 countries in terms of debt metrics. Japan looks like they really need to be having a national conversation (as of 2018 Japan's debt to GDP ratio is twice that of the US). No clear thinking, rational person would argue that...
  14. bone

    US National Debt Does Not Matter?

    One of the most well thought out, salient posts I've read in quite some time. Bravo !
  15. bone

    Is scalping still profitable?

    For an independent trader, working with longer time frames will most likely yield better risk vs reward simply because you're not at the mercy of highly automated and algo-driven order flows. Which means a strategy more akin to swing trading than legit "scalping". You need to know what your...
  16. bone

    US National Debt Does Not Matter?

    It matters - but in different ways than the Party lines would have you believe. The Republicans are a bit overly hyperbolic about it, and the Democrats are vastly naive and purposely misleading about it. If America were to go down the same path as Great Britain did with the 1942 Beveridge...
  17. bone

    Crude Oil

    To drill down a bit further (Ha, pun intended) - there's a humongous amount of capital tied up in Oil and Nat Gas MLP's. Difference being, while MLP's are to an extent a commodity play, they do have some significant tax advantages and they typically have a yield since many collect tolling...
  18. bone

    Dutch regulators propose a license regime for crypto exchanges

    That is a very good point. :thumbsup:
  19. bone

    Dutch regulators propose a license regime for crypto exchanges

    How about financially insuring customer equity? (making trading participants whole in the event of third party outside theft during the performance of transactions on the trading exchange)
  20. bone

    Australian company learns hard lesson in China

    Uh Oh... The Apparatchik is Upset !
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