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The CPI report was why it dropped. It first dropped immediately. Afterwards it moved back up to touch its original breakout before heading back down again. Rate hikes were priced in as soon as the real inflation numbers dropped at 7:30 am CST. Do you really think the market needed a fed member...

Is that really why you think the market dropped today, I mean seriously?

Anybody stupid enough to trade based on news isnt going to be a winning trader to begin with as any news will be cooked into the price before retail traders ever hear it. Can you tell us a news source you would make a trade based on an article you read?

Honestly, ZH is my favorite site to read for financial and political. Sure they spin a lot of hype and theories, but it's good to flex your creative thinking when it comes to the financial world. Think of how much far out shit has actually happened in the world of finance that no one else would...

So since its 1099, even though you trade via sim account they still treat it like you are actually trading the futures, rather than cutting you a check like paying for performance. If they are treating it like trading futures and not paycheck then it's fine, as it is less taxes paying out under...

Out of curiosity, how is the payout taxed? When I trade futures for myself I pay a 60/40 split. 60% longterm and 40% short term. Since you arent actually trading on your brokerage account, and they are paying you based on performance, is it treated like a paycheck of real income taxed at 100%...

With the punditry obsessing over the March FOMC meeting, where odds earlier today hit 100% of a 50bps rate hike before easing modestly (and more than 6 hikes for all of 2022)... ... the real action is in the February Fed funds contract which has spiked to 13bps, suggesting 5bps of tightening...

Ahhh ok I misconstrued. I thought you were essentially saying that people who are rigid with rules usually cannot trade profitably. I understand what you mean now.

It's in fact the opposite. You will not find a single professional and profitable trader that does not have their own system with it's own rules. In fact, it's the people who cannot trade and are unprofitable that do not have rules.

Yeah but the downside is you are forced to trade within their system and their rules, rather constructing your own system. If you like their rules you can integrate them into your system with your rules, but not vice versa if your rules conflict with theirs. Also, with micros you can trade with...

Do you have the means to do your own thing rather than use them?

This was my thought as well. Its essentially an ACH that acts in microseconds rather than days.

The Cons arent an issue if you are using it for legitimate purposes. Security is backed by the digital footprint and it being regulated and backed by the federal government. Traceable and centralized goes with the legitimate purposes statement.

Day ain't over yet man. Right now is where you really make your money, especially if we can break below this resistance.

I always think of The Simpsons when Bloody Gums Murphy died and Lisa played this in tribute to him. Funny enough, Simpson's writers say he was the most disliked character ever which is why they killed him off.

I got a surprise for you. A 10 minute loop of the saxophone part from Baker Street, and it's in 1080p.

Saxophone

Volume is so little and volatility so extreme that Limit orders are only allowed because the fill price could be at an extreme if purchased using a Market order. This is why brokers only allow Limit in extended hours.

Ya I started with micros but the commissions aren't worth it. You pay $10 round trip for 10 micros which is equal to 1 mini at only $3 round trip in the ES. That being said, for learning or beginning your journey micros are definitely the way to go. Helps ease you in and in that respect the...

An entire Wallstreetbets subreddit would love those odds.