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In my personal opinion, games of chance are not relevant to forward projections about the possibilities for sustained success trading markets for a living over the long term. Now, there are most certainly professional BlackJack players and professional Poker players on this earth. One could...

Well, whether we are "awash" or just well stocked with raw crude, my original point was the most relevant - it is really more about refining capacity than a heavy raw hydrocarbon liquid that as it sits in a barrel or tanker hold is useless for most internal combustion engines. You guys are...

We are awash in hydrocarbons. The US is the Saudi Arabia of Natural Gas. The US is about to overtake Saudi Arabia as the top worldwide producer of crude oil - and that is a very recent development due to new fracking and drilling technology. The refining capacity is the key. And places...

"In fact, auditors from the Bundesbank made a second visit in May 2011. This time one of the nine compartments was also opened, in which the German gold bars are densely stacked. A few were pulled out and weighed. But this part of the report has been blacked out -- out of consideration for the...

A longer term decision to slash East Coast Refinery capacity has preceded the Sandy: http://www.nj.com/business/index.ssf/2012/03/as_more_refineries_close_exper.html http://www.ft.com/cms/s/0/256f583c-7a83-11e1-8ae6-00144feab49a.html#axzz2AvDSE3jI...

This is a great topic. My advice is to go on the relevant trading exchange's website and download the circular or exchange rule on the topic. The procedure can vary from exchange to exchange. And it truly is about balancing orders and each exchange's order matching algorithm. For example...

Wide Tailz, your prose is brilliant. Well done, sir. I find it fascinating that anyone would proclaim themselves a superior trend trader using 15 minute and 30 minute interval data on charts that go back maybe a couple weeks at most. I suppose that a trend is in the eye of the beholder...

Welfare does pay according to the Republicans on the oversight committee:

Obamacare may have been upheld by the Supreme Court but that does not mean that major parts of that legislation will be funded by a Republican Congress. It's a pyrrhic victory by Obama because implementation of large aspects of this legislation is very much in question because the required...

Everybody that earns money should pay SOMETHING in taxes. Come on... seriously. If you think that someone making $24,000 in a year shouldn't pay SOMETHING - even $200 a year, in income taxes - then you are a socialist by nature and have no business living in a free enterprise economy. Right...

Well, we have a two party system that buys votes. The Republicans buy votes with lower taxes, and the Democrats buy votes by giving away somebody else's money. Both parties bribe voters. Half of adult Americans do not pay Federal Income Tax and in fact they live on the other half's largess...

Everybody knows Jesus Christ was a man of color. Besides, quite honestly, Bill Clinton was a "blacker" President than Barack Obama.

Agreed. I have done it in the past ( overnights ) as a lone ranger but there were times I seriously regretted it. I am talking about simple Trading Technologies AutoTrader and AutoSpreader configurations - nothing sophisticated. I used to keep the fill alert chime volume turned way up so that...

It seems that the emerging sentiment is that Obama thinks he is smarter than he really is.

Clearly Colin Powell meant to say that he was impressed with Obama's record using remote drone air strikes. I know I am. The United States of America is enamored with fire power - crosses all political stripes and ethnicities. Colin Powell and Barack Obama are warlords. Too many toys to...

Clearly this is all Bush's fault.

Be very, very careful with automation in thin names. And in the overnight and late afternoon markets. Most of the really painful automation errors that I have heard about locally here in Chicago typically are in thin, wide, gappy markets.

I agree that you got a very inexpensive lesson - if it sticks you will make that back exponentially. BTW, I have seen and heard about many similar instances when new systems were tried out in thin overnight and late afternoon markets.

There used to be a trader in the evening Bond Pit who I learned over the years had dropped out of high school and he supposedly had this big scar running along his ribcage from a knife fight. Had a Full membership with the acronym TMI. Absolutely the best scalper and market maker I have ever...

I like your posts. Don't go changin' OP got the JH treatment - which scared the shit of him to be sure. It's like reading assembly instructions printed in Mandarin and without diagrams.