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  1. bone

    The S&P 500 has topped at 2430 on 6/1/17

    Yes, I had several typos in a previous post, including the term "long" with the VIX.
  2. bone

    The S&P 500 has topped at 2430 on 6/1/17

    What gets you hired at an IB or a HF ? Ideas, creativity, intuition. How many tens of thousands of souls put up a price ladder and a chart and buy or sell a single name each and every day over and over again ? How scaleable is that for a $10B fund that despises drawdowns ? Those guys...
  3. bone

    The S&P 500 has topped at 2430 on 6/1/17

    From my experience, institutional traders are much more multi-dimensional and relative-value oriented. (They're almost all spread traders of some sort). Please recall that I used the term "hedge" for good cause in my previous post. Sure, an big institutional trader may have a huge short block...
  4. bone

    The S&P 500 has topped at 2430 on 6/1/17

    Are you claiming to be making money now in all of this ?
  5. bone

    The S&P 500 has topped at 2430 on 6/1/17

    Let me break this down for you guys. YIELD ! Asset managers have tens of trillions of dollars to put to work. Is there yield in the current sovereign debt environment ? No. Is there yield in the current mortgage or corporate debt environment ? Not nearly enough. Is there yield in...
  6. bone

    The S&P 500 has topped at 2430 on 6/1/17

    A 2383-88 target is a very cautious bullish macro self-admission - especially if you're going to construct multiple threads emphatically proclaiming "The Top" ! :banghead: That 2383 level is simply the lower band of the bull market channel trend that has been in place since 2009. 2383 tells me...
  7. bone

    5 Questions with Lisa Ward, Co-founder of TankerTrackers and #OOTT

    Fantastic thread topic. Bravo !!:thumbsup:
  8. bone

    How can i become a good trader?

    If I had to do it all over again, I would learn as much as I could about advanced statistical modeling and data analysis as early as I could in my trading career. Fortunately, I was an engineer by training so that did help a bit. At present, it appears that there is great promise in machine...
  9. bone

    Bund Futures

    What charting package package do you use ? In order to trade spreads you have to model spreads. Correctly.
  10. bone

    SpreadProfessor Clients - Thanks !

    I agree with Chip Kenyon - adding to losers is a disease !
  11. bone

    The S&P 500 has topped at 2430 on 6/1/17

    I've actually done statistical analysis for adding to losers. And more recently, I've had a few clients do it as a means of corporal punishment... :( And I've also heard Chip Kenyon, one of the best CBOT Bond Traders EVER, tell a packed audience room that adding to losers was, and I quote, "a...
  12. bone

    SpreadProfessor Clients - Thanks !

    Patiently waiting for the... Ethereum ETF cuz I want to spread trade it with GBTC ! :sneaky:
  13. bone

    Spread Trading GBTC

    Patiently waiting for the... Ethereum ETF
  14. bone

    How can i become a good trader?

    Like most everything in life, the effort expended is directly correlated to the quality of the result. I don't mean to be a buzzkill, but please be advised that there's a great deal of bullshit and noise and outright thievery out there in terms of quality actionable material for a newbie.
  15. bone

    US Props Trading Eurex

    Bund trades from 12am US Eastern time until 4:00pm US Eastern time. If you can trade the Bund, I personally don't see why you can't trade ZB or ZN as maybe that would suit US daytime hours better.
  16. bone

    US Props Trading Eurex

    Eurex interest rate and index futures trades during US hours. Always have since the days of DTB. And many Chicago prop firms keep extended hours. Some 24 hours.
  17. bone

    The S&P 500 has topped at 2430 on 6/1/17

    Doesn't really matter IMHO.
  18. bone

    Bund Futures

    Bunds are tough to manually scalp in the traditional sense because the bid and offers trade out so damned fast. Like most electronic markets these days. But selectivity (choosing your spots carefully) and discipline go a long way. If you insist on buying bids and selling offers exclusively it...
  19. bone

    The S&P 500 has topped at 2430 on 6/1/17

    The really wealthy traders I've come to know over the years knew how to press the living shit out of a winner. Successful swing traders by and large don't add to a losing position. But once a position starts marking up on a consistent basis feel free to press the living snot out of it. That's...
  20. bone

    The S&P 500 has topped at 2430 on 6/1/17

    Well, common sense prevails. Say you manage a trading desk. You have five index traders. Your Russell, your Nasdaq, your Dow, your FTSE traders are each up $XYZ. They've been managing both long and short positions on a swing trading basis - taking losses and letting winners run a bit. Let's...
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