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  1. J

    When An Option Increases Nearly 9,000%

    Hehe - Love this quote above - Yeah they are much more certain, so much more certain in fact that they pleaded guilty to insider trading. If the options are "priced correctly" relative to the stock and you buy them often enough (not big positions to blow your account) I suspect you will just...
  2. J

    Global Macro Trading Journal

    Hard to observe who is buying and selling but thought this chart and quote was interesting - 36% of SP500 reported last week by market cap. Results were not great but perhaps more importantly they can resume buying their own stock again which they have not been able to do since year end...
  3. J

    Which is more profitable? Short-term trading or long-term trading?

    You should do what your best at just like an athlete doesn't decide which sport to play based on the earnings. They do what they are best at to maximise the chance of success in a talented field. You can make a decent living at both long and short term if you are good enough.
  4. J

    Japanese Day Trader Makes $34 million

    Of course you can pick individual stories but look at the total statistics http://www.nationmaster.com/country-info/compare/Japan/United-States/Crime I've spent lot of time in both. Japan has less crime than US and very few guns. Just compare the murder and rape stats. Lol.
  5. J

    Japanese Day Trader Makes $34 million

    News for you. Japan is MUCH safer than the US and much more equal society.
  6. J

    2015 - Journey continues

    3,950,000 SEK Well I thought Monday would be interesting but no idea it would be that interesting! Expected it to be a big down day, perhaps 4 or 5 %, and was prepared for that but not the huge drop down at the chaotic US open. In the end very pleased to end the week at a similar level to which...
  7. J

    strong currency makes for a successful country. i.e Switzerland

    Think the title is mixed up. Successful country make strong currency not the other way around.
  8. J

    Opinion on Market directions from here..

    We will see. I bought lots of boring Swedish banks and telecoms paying >6% dividend in the dip. Think US market will hit new highs by year end but better deals elsewhere.
  9. J

    Opinion on Market directions from here..

    At the moment I'm thinking 2100 again within a month and perhaps 2200 before the end of year. US, UK expanding and EU recovering. Shanghai index irrelevant (look at correlation, or lack of, to SP500 and China GDP).Margin traders got wiped out and US only went so low because of computer/exchange...
  10. J

    jeremy siegel says this is a "temporary correction, not a bear market", no way no how...just buy

    Depends on your timescale. Short term looks good :)
  11. J

    jeremy siegel says this is a "temporary correction, not a bear market", no way no how...just buy

    Well I tend to agree with him on this correction. Whole thing seems designed to screw the small guys with highly leveraged accounts, wipe them out and then bounce back. IMHO Shanghai crash is just happening at the same time and nothing to do with the real China economy. Expect more gains in...
  12. J

    UK capital gains tax or income tax

    Open a spread betting account and its tax free. Options and other things in there to bet on as well as "bet" on stock price movements such as house prices, election results etc. Reason its tax free though is because most people fcuk it up and the UK government dont want you to be able to write...
  13. J

    Options Mentor

    Im still learning with options so had to keep it simple and wanted to take a long position without being knocked out of the position by the volatility (had enough of that the last few days!) So this morning I bought reasonably deep ITM calls and had orders to sell same number of OTM calls...
  14. J

    Best explanation for today?

    Sure markets including oil etc have been selling off for days and I expected today to be volatile and open lower. Maybe I wasn't clear in the original question but interested in what caused such a dip in the US markets near the open given that the Euro markets were pretty stable and wasnt any...
  15. J

    Best explanation for today?

    I am not a day trader so just interested or curious to ask those who follow the market more closely. Checked on my phone at lunchtime in europe (6am in NY) and it was lower by a few % but nothing dramatic and China was already open and down by 8% by then.
  16. J

    Best explanation for today?

    Euro markets (DAX, OMX, FTSE etc) opened lower but nothing crazy. Fairly tight range and no sharp moves all until just after lunchtime which is above 7am in the US. Was the chaos just that the US woke up and clicked on the sell button or did I miss something ?
  17. J

    How To Go From Retail To Institutional Trader

    Well yes going from 8000 to 100,000,000 USD does seem just a little bit unrealistic. So how about trying something else? Get a well paid job doing something you like, take some personal loans. Save/invest (not just in stocks) and soon you will have 100,000 USD. Now with that 1 M USD isnt too...
  18. J

    2015 - Journey continues

    4,100,000 SEK Unlike the SP500 european markets have had a bit of a roller coaster ride this year. Leveraged long position started during the most recent Greece crisis was taken out on Friday and with it most of the profits for the year so back to the start again. Yeah %&¤#ing annoying. Will be...
  19. J

    What are the pros and cons of short-term trading versus long-term trading?

    Longer term is more suitable for me because i don't want to sit in front of a screen all day and like reading about wider economic issues and companies. You can make money in both but I think its more difficult in the shorter timeframe when you start because there is a good chance your emotions...
  20. J

    The most expensive bad habits

    It's an interesting list but there is also another longer one with people who wouldn't give up and wasted a life trying things they were not good at or had unrealistic goals.We don't hear their story.
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