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  1. M

    BMT Elite Membership

    Did you guys see this? AMP Futures is suing Big Mike and it's going to court. Lawsuit: AMP Futures Trading aka AMP Global Clearing This is a public notice that AMP GLOBAL CLEARING aka AMP FUTURES TRADING has filed a lawsuit against BMT regarding posts on BMT. This is not the first time...
  2. M

    Topsteptrader

    Yeah I've got equity stakes in all of them. I'm cornering the market!!!! I'm also long vol on all the TST threads on ET. I picked up some cheap premium when they died down for a while. Best trade ever. Now this shit is deep deep in the money. :)
  3. M

    Topsteptrader

    I know this was mentioned already in a few other threads but I thought it would be worth mentioning here as well. http://tradingadvantagecapital.com/ You kiddos have some choices now...:)
  4. M

    The ACD Method

    Parity simply refers to two products being equal as in the spread trading flat. It doesn't have any significance. BTW, I'm not implying these two should trade at parity. In fact they should not. The two crudes are similar but their composition is different. They also have different...
  5. M

    The ACD Method

    Here is the answer to the quiz. Crude failed at my monthly and QTR A up. So an opportunity has been identified. But how to play this? I've talked about the correlation between strength in WTI and the narrowing of the WTI/Brent spread. Currently the spread is trading almost at parity...
  6. M

    Looking for a Options trader Job in Chicago

    The guy posted that over a year ago. I assume he is working at Applebees by now.
  7. M

    Topsteptrader

    Obviously the numerical value or the mechanics of how to derive expected value is not an edge. You got to give others at least that much credit. I thought it was obvious when I used 'expected value' as a proxy for edge, in that an edge occurs only when the expected value is 'greater' than...
  8. M

    Topsteptrader

    There are countless axioms in trading and gambling. One general rule is, if you suspect you may not have an edge, trade or gamble as little as possible. If you do have an edge, trade as much as and as often as you possibly can. This is how guys can walk out of a casino with cash in hand...
  9. M

    Topsteptrader

  10. M

    Topsteptrader

  11. M

    Topsteptrader

    See above.
  12. M

    RM's occasional market calls...

    You got banned? Why is this particular thread so weird and creepy?
  13. M

    The ACD Method

    Crude oil failing at the monthly and quarterly A up. WTI/Brent spread getting awfully close to parity again. I'm going to post a quiz question and I'll provide the answer after the market close. In the above sentence I provided some useful info. Based on your knowledge and the info I...
  14. M

    Topsteptrader

    I've talked about this before. I basically break down edge into two categories. A hard edge and a soft edge. The hard edge is measurable for the most part. And there are three categories. One is order flow. This can include capturing the spread on an option (market maker) or...
  15. M

    Topsteptrader

    No such thing as "easier" or "harder" You either have an exploitable edge or you don't. Now, this does not mean you cannot make money trading something that does not have an edge. I think people on ET have a very difficult time understanding basic math and expected value. If you don't...
  16. M

    Topsteptrader

    See comments above.
  17. M

    Topsteptrader

    And that is anecdotal.
  18. M

    Topsteptrader

    Ughhhh.....that is not what efficiency means. LOL.
  19. M

    Topsteptrader

    I've gone over all the structural reasons on other threads but the skinny of it is it's THE most efficient market in the world. It's highly liquid, has millions of various derivative products attached to it, and offers no real edge on pricing. It's not a bad product to swing trade for all the...
  20. M

    Topsteptrader

    Everybody on here was bitching about not having them so TST gave the people what they wanted. Now you don't like them? LOL. Look, I know you keep harping on these rules, but my theory stands, all the rules in the world or lack there of can't and won't make up for a trader without an edge...
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