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  1. Scataphagos

    Studies: the stock market's price action is bullish while breadth is weakening

    That's easy for now. The Nasdaq has had higher relative volatility and momentum. So... that's a "hedge play"... counting upon that relationship to continue. Profit potential is limited, but risk is also.
  2. Scataphagos

    Studies: the stock market's price action is bullish while breadth is weakening

    Exactly. That's why you need to ALWAYS trade with stops... even more so with leverage of any kind.
  3. Scataphagos

    Studies: the stock market's price action is bullish while breadth is weakening

    Leveraged ETFs are GREAT.... if your play is in tune with the trend. But if you hold one where the underlying is back-and-forth or in the opposite trend, the cost of leverage will eat up your share value.... not to mention being "levered the wrong direction". Above is what it's like to get a...
  4. Scataphagos

    TraderEX-ES-E-mini-post #4-why no ES in the house

    Making money in the markets stops being a struggle when you get your head straight. I started my investing career with a $25/month bank draft into Templeton Growth Fund. And there were 2 times in my life that if I scraped all of my money together, I couldn't have afforded to buy a pizza...
  5. Scataphagos

    Account at Same Broker after Blow-up

    Likely a big NO on both issues. If you have uncollectable debit with broker, he surely won't want to do business with you again ... perhaps if you post the full, notional value of whatever you trade.... but otherwise not. (Hey, you've already stiffed the broker once... not intentionally, of...
  6. Scataphagos

    TraderEX-ES-E-mini-post #4-why no ES in the house

    I don't know what Westlake is, either.
  7. Scataphagos

    TraderEX-ES-E-mini-post #4-why no ES in the house

    What is North Ranch??
  8. Scataphagos

    Strategy validation

    The best validation you can have... is that your plays are in tune with the market's tendancy.
  9. Scataphagos

    Strategy validation

    There are a few trades like that, but they only occur a couple of times per year... and maybe not even that often. What do you do about the rest of the time??
  10. Scataphagos

    Fewer than 5% of top-tier bank traders have Sharpe ratios > 3

    Out of that biz now, no concern. Just curious.
  11. Scataphagos

    Fewer than 5% of top-tier bank traders have Sharpe ratios > 3

    From what I read, they were playing a strategy which included 100:1 leverage? What? Are you nuts? With the vagaries of the markets, how can anyone with half-a-brain even imagine "all losses will be contained within a 1% drawdown"?
  12. Scataphagos

    7 Figure traders

    Trend following is NOT dead... nor will it ever be. However, it's not the only game in town.
  13. Scataphagos

    Fewer than 5% of top-tier bank traders have Sharpe ratios > 3

    Is Sharpe Ratio concerned with evaluating the performance of a given portfolio, or does it include the behavior of the manager?? I once ran a mutual fund market timing service. (Big fish in a little pond... $60MM AUM.) Seemed to me that the notion of Sharpe didn't apply to my style. (??)...
  14. Scataphagos

    How the English language is taking over the planet

    Disagree. Not a good article. The West isn't cramming English down foreigners' throats. The rest of the world has the choice to ignore English if they want. However, they choose to learn English... because it's the international language of finance. And as such, it's the language in which...
  15. Scataphagos

    The Next Big Geomagnetic Storm Poses An Astronomical Risk To Modern Man

    "...a repeat of the most significant solar storm on record, the 1859 Carrington Super-flare, would cost trillions of dollars in damage as power grids, communication networks, and electronic equipment worldwide would be knocked out..."...
  16. Scataphagos

    The 'Great Bull' market is 'dead,' and here's what's next, Bank of America predicts

    If you're going to forecast, forecast often. When you get it right, toot your whistle. When you get it wrong, keep quiet.
  17. Scataphagos

    How do you meditate for optimizing the mind for trading?

    Has it ever. Saw an interview with the great Carmen Salvino... said he was now into "the chemistry and physics" aspect of bowling. They figured out how to engineer the ball to make it do almost automatically what years ago was difficult and required talent. (They also made the lanes "easier"...
  18. Scataphagos

    The drive to sink Kavanaugh is liberal totalitarianism

    Liberalism = Totalitarianism in every respect. Don't give up your guns! :(
  19. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    There are no "low overnight margin" brokers. All players are required to conform to the Exchange's "minimum maintenance/overnight margin". Currently, $5,800/contract for the ES. "Low intraday margins" are an entirely different animal. Brokers offering such can more or less "do what they...
  20. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    Some brokers will let you trade intraday with only $300 initial margin. Others, $500. TS is apparently more conservative than those. Interactive Brokers often goes the other way... requiring MORE than exchange minimums in margin.
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