Search results

  1. M

    Conversion / Reversal Strategy for Retail Trader

    Market makers earn the spread when quoting liquid issues. In liquid issues, retail traders have priority over market makers and therefore can get filled ahead of mm's on the bid and offer. Conversions and reversals were done on the floor in the old days partly because spreads were so wide and...
  2. M

    Conversion / Reversal Strategy for Retail Trader

    You will NEVER get a decent price in a thin option chain with spreads that wide. Dude, you need order flow to make this work so you can buy on the bid or sell on the offer. No market maker is going to middle that spread and trade at fair value. He doesn't have to. You a retail trader to...
  3. M

    Minimum wage, or Living wage

    Ricter, almost all that data is going to be biased if you don't know how to interpret it. It's like me posting data from Jim Chanos who is a notorious perma-bear and saying he spends all his days focused on the topic of markets and he says the markets are going to crash. That is not say he is...
  4. M

    The ACD Method

    Yeah actually a -4 day. It happens.
  5. M

    Minimum wage, or Living wage

    Ricter, the problem with debating you is that you have so little understanding of economics that you rely on links and blog posts to speak for you but you rarely understand the nuance in the data or what it's saying. I spend a lot of time working with data and it's very messy and if you bring...
  6. M

    Minimum wage, or Living wage

    Ricter, why do you think most restaurants fail? From making too much money? Come on dude, give it up. Walk into any bank in America and ask to speak to a small business loan officer and inquire about getting a loan to open a restaurant. In fact, if you think it's so easy, why don't you...
  7. M

    The ACD Method

    Gold.....
  8. M

    Minimum wage, or Living wage

    http://www.menucoverdepot.com/resource-center/articles/restaurant-failure/
  9. M

    Minimum wage, or Living wage

    http://blog.wallstreetsurvivor.com/2015/10/08/mcdonalds-beyond-the-burger/ http://digg.com/video/mcdonalds-makes-most-of-its-money-from-rent-not-food http://seekingalpha.com/article/73533-mcdonalds-is-a-real-estate-company
  10. M

    Minimum wage, or Living wage

    Says the guy who uses zero data to back up his assertion......carry on.
  11. M

    Minimum wage, or Living wage

    I know the pizza business pretty well. A good friend of mine was in the business and his brother owns 3 different locations. My buddy went out of business and closed shop while his brother is making a killing. I saw the receipts and the cash flows of the business for years. Pizza places...
  12. M

    Minimum wage, or Living wage

    And I know a guy...... Come on dude, you are smarter then that. I don't base my knowledge in economics on "a guy I know". I look at data. Walk into your bank and sit down with a small business loan officer and tell him you want to get a loan to start a restaurant and let him share the...
  13. M

    Minimum wage, or Living wage

    Ricter you don't live in reality. The "big corporations" don't own these restaurants. They sell licensing fees to franchisees. That's how they make money. The little guy that owns the franchise is deep into debt to the corp. He doesn't go under because he does what all other americans...
  14. M

    Cost of carry in CL

    Because there is a finite supply of grains in the US and a finite supply of acreage that gets allocated to the various crops. The cost of storage in grain elevators is relatively stable. Oil is a world market and it's stored all over the world. There is no "one" cost. It's also not a...
  15. M

    Cost of carry in CL

    In theory it's the cost of storage which varies widely. Do NOT, I repeat, do NOT treat it like the carry in grains. Completely different. You will get run over.
  16. M

    Minimum wage, or Living wage

    You've never owned a restaurant. Restaurants have by far the smallest margins of any business. This is especially true of fast food restaurants who sell their food for nothing.
  17. M

    The ACD Method

    Must be that cold Chicago air.....:) A contango market is a mechanism that is trying to allocate supply in the most efficient manner possible. It's saying that today we have ample supply in the market. Let's move that supply out into the future where we might need it. So to create an...
  18. M

    The ACD Method

    Right, price is set by supply. When OPEC's cartel dominated the supply, they could set the price of oil by "witholding" supply from the market. OPEC no longer can do that so supply comes on and off the market based on the highest cost marginal supplier which currently are the shale players.
  19. M

    The ACD Method

    Gold right at the QTR A up. You decide home gamers!
  20. M

    The ACD Method

    R is a free open source statistical analysis and modeling software with thousands of free add ons. It's a must have for every serious trader. https://www.r-project.org/
Back
Top