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OK, I'm going to be busy today so I'll just give it to you. And yes, I already took my position. The trade is X, as in US Steel. I think we'll tag 21 by the end of the QTR, that's a 15% move from here. And we could see a nice move into year end. This is the first buy signal I have gotten...

No, not copper. Although it caught a nice bid this month. Getting warmer though.

It's hard to get long China directly, you have to play with the derivatives.

What I'm looking at now is NOT obvious on the chart. That is what makes it so attractive. When things "break out" anyone can see that. There is also a LOT of noise around the breakout levels. This is where the number lines come in. To find value BEFORE others find it. I'll give you...

Not the ags.

No, that ship sailed a long time ago. The buy signal I had in Crude was down at 91! And EVERYONE is watching crude now. You'll see an oil bug on the corner of CNBC for weeks now. I would NOT be trading crude now.

Go fish...:)

OK, let me try this approach. There is a trillion dollar industry out there called the fund of funds industry where professional money managers actually seek out and allocate funds to the best hedge fund managers. They go through their track records with a fine tooth comb and select only the...

It's rare that I put out trades on here. I only like to bring up stuff that I think could be big. Such as the breakout on the 30 year Bond I called on here at 125 back in 2011. The breakout in the USD/JPY around 82-84. The bottom call on Natural Gas at 1.90 two years ago. Well, the old...

I doubt any reputable firm would go near Ninja. Honestly, there is no comparison between TT, CQG and Ninja.

Look, as someone who HAS traded prop for over 10 years and knew the owners of all the firms I worked for very personally and intimately, trust me, they have no interest. One of the reasons they have no interest is because it really doesn't exist for the most part. The only edge I have seen...

There is a link to just email me directly when you go to PM someone. Too tired to empty out my inbox right now.

What risk limits? The guy was running a tiny haircut. Even with the excessive fills I bet his original haircut never exceeded 50% of his equity. I mean look, when guys came into our firm we did the best job we could qualifying them. We did background checks. We did trader interviews. We...

LOL. Yup, roll down and out. Keep repeating until balance says zero.

Love it! Although I'll bet dollars to doughnuts no one on this thread knows what a cab trade is. But great line. :)

OK, I'm going to give you a different story so maybe you can get an idea of what's out there. We had a guy who on Thursday at the close, day before SPX settlement, sold I don't even remember how many thousands of SPX puts on the closing print. He sold them out of the money and can't remember...

Of course. You can get around those easily. Seriously man, if Goldman and JP Morgan can take billion dollar hits on unauthorized trades, don't you think tiny little joe bucketshop prop firms can too? LOL.

We didn't. Ever trade at a prop firm? A lot of shit like this happens all the time. I could tell you some stories. This isn't even the worst of them. This is nothing compared to what I've seen. At the end of the day, what they all have in common is a bunch of guys that can't make money...

It really was a catch 22 for him. He had to sit on the orders for weeks to get fills so it didn't make sense to piecemeal the orders since he didn't know which strikes were going to get filled. So he had to place more orders out there than he was comfortable with and hope they would not all...

A DITM leap will have zero decay incrementally. True he receives no income but he is buying the leap at a forward discounted value, that is the same thing as income. Even better, he doesn't get taxed on this discount.