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  1. speedo

    Surf Report

    Yeah, the future just put in some divergences...maybe some consolidation here,
  2. speedo

    Dorman Trading financial statement 2016

    Why would a FMC have off balance sheet holdings?
  3. speedo

    YM Magic!

    Ahh OK, just skimmed the post.
  4. speedo

    YM Magic!

    A couple of things although I suppose other posters covered these points. While I wouldn't disparage any day trading profits as it is a difficult endeavor, $600 and change profit per contract in a month is hardly impressive for someone looking for followers. And secondly, $2000 per contract...
  5. speedo

    Dorman Trading financial statement 2016

    The 203MM is largely customer funds and is offset by equal liability.
  6. speedo

    Surf Report

    Will Surf be handing out Cohiba's or El Producto's?
  7. speedo

    Is Quantitative Analysis the only way to get an edge in the market?

    Don't misplace your bullet Barney.
  8. speedo

    Trader's Spending Goes Into Overdrive Since Trump

    Unless the wife or the girlfriend is the one with the dough.
  9. speedo

    Is Quantitative Analysis the only way to get an edge in the market?

    I've been day trading manually for going on 19 years. I don't code but will if it becomes necessary. I cut my teeth on the old ER which had price action as fast and violent as any equity futures market today. To the OP, don't let someone's opinion determine what you can or cannot do...and that...
  10. speedo

    Is Quantitative Analysis the only way to get an edge in the market?

    Yes, forward testing is a good way to go but it takes more time. In fact, observing real time price discovery can be the best education you will get. Had to come back and add comments as the market was moving fast this morning.
  11. speedo

    Trader's Spending Goes Into Overdrive Since Trump

    I was having lunch with a couple friends. One of them always made strong money but loved to cruise around in Limo's full of hotties, always picking up the tab for various party favors, impulsive flights to the Islands etc. The other friend who had a net worth in the hundreds of millions with a...
  12. speedo

    Creating a group of REAL professional traders?

    The problem wasn't the noob's, most of us don't mind helping people as we received help along the way. The problem was the bullshit and the social misfits.
  13. speedo

    Creating a group of REAL professional traders?

    Participation died out.
  14. speedo

    Crude is screwed, man.

    I have a friend who is a managing principal of a law firm catering to managed funds. They do quite well, among the many reasons they do well is Dodd Frank alone has 22 thousand pages of regulatory content. Add on audit accounting and the other myriad of government alphabet agencies looking into...
  15. speedo

    Creating a group of REAL professional traders?

    Well, we had known each other for years and had traded charts and strategies during that time and knew each others trade plans fairly well. We also traded somewhat alike so we understood each others rationale for a signal. Being part of a group of people you like and respect makes for a nice...
  16. speedo

    Creating a group of REAL professional traders?

    I was part of a small group of pro's for several years. We all liked and respected each other and truly enjoyed each others company. We broke it up for the reasons I stated but there are always trade-offs. Moral of the story, it was a good experience but came at a cost of P&L. So I am not saying...
  17. speedo

    Creating a group of REAL professional traders?

    Trading is not a team sport as we all do things and see things differently. A nooby or a developing trader can pick up tips and ideas but ultimately, you are on your own. One thing you certainly do not need is to be in an environment where you are second guessing your signals because of the...
  18. speedo

    Baron's Biggest Mistake

    It's hard to be a moral beacon AND Miss Congeniality.
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