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  1. U

    why are commodities affected by currency?

    A cheaper dollar makes it more cost effective for other countries to buy our commodities (which are priced in USD i.e. $123.75 crude oil) If oil is $100 a barrel and the exchange rate goes from 1.5Dollar=1Euro, to 1.6Dollar=1Euro, Europeans can pay over $100 for crude and it is still the same...
  2. U

    Youngtrader's Commodity Journal

    I'm bearish corn over the next 3-5 months, you should look into selling bulk OTM calls like me. You can sell covered calls or not, im probably selling naked ones. 7.80 Sep calls - 21'4 (200 of those and you got yourself 20k come aug.) 9.00 Dec calls - 19'4 your going to have to sit with...
  3. U

    ABK good value under $4???

    Hey I've been watchin this since before Charlie Gasparino told us that it was going to be bailed out at $10-$11. My question is if this stock is good value at these levels. $3.77 quote. Does anyone see this stock getting back to the double digit levels in the next year and a half? Any thoughts...
  4. U

    Anybody else short US 30 Bond

    Anyone else feeling like this might be a nice swing trading long oppurtunity? I don't know if it bottomed yet, I just see the ZB getting back up into the 116's.
  5. U

    Anybody else short US 30 Bond

    Hey, nice rally in the bondos today, a little further and we're at the price I dumped my crappy trade at. I'm thinking I might enter my long term shorts if we can get up some more, like up to the 120 area. The thing I like about this rally is that the stock market is up a good amount from...
  6. U

    Anybody else short US 30 Bond

    Never trading financials again. Can you really believe this? The one day it goes against me I bail. Had I held this position for today you guys would all be sick as to how much money I would be up. That's trading for you, luckily I had 2 phenominal days scalping yesterday and today, so I'm...
  7. U

    Anybody else short US 30 Bond

    I covered my 10yr shorts at 119'01.5. I'm stayin outta these guys for a while. Maybe I will daytrade it lightly, but I don't think you can start shorting this thing any time soon. My opinion has changed and I don't think we've seen the worst yet. Usually when i'm buying these, you should be...
  8. U

    Anybody else short US 30 Bond

    Spooz go down, yields go down, notes go up (usually). I meant notes there, my bad.
  9. U

    Anybody else short US 30 Bond

    LOL, please tell me in what way i'm being stubborn, or cocky. Surdo said "i think my shit don't stink". Did I not just tell you all that I was proven wrong by this news and I took a big fat loss today. I play it as I see it. And as I see it, most of these markets are not stable enough to...
  10. U

    Anybody else short US 30 Bond

    Listen idiot. I don't know what you're trying to tell me. I'm a highly skilled daytrader and keep all my money in the bank, which has been working out for now. I have 0% of my net worth in the stock market. Instead of investing long-term in the stock market, I saw better value in the notes. If...
  11. U

    Anybody else short US 30 Bond

    I'm out some good money on my 10yr and 30yr shorts, and am thinking about taking the loss. I don't really like the news about the fed stepping in with more regulation, and I think the yields could continue lower. Any opinions on the new fed news in relation to the financials? Good time to...
  12. U

    Anybody else short US 30 Bond

    I don't see us testing those lows anytime soon. I sold some bonds yesterday at 119'11 to add to my long-term short. I'm now short bonds and 10yrs at 118'17. I'm not trying to talk my position but I don't think we will see the spooz testing lows any time soon. I think we've seen the worst, for...
  13. U

    Anybody else short US 30 Bond

    I took off my long term short for the 30yr and transfered it over to the 10yr note. I think in terms of value, being short the 10yr instead of the 30yr will definately be more profitible. Although on a nice break in the stock market, if we can get one, I will short the 30yr in the mid 119's if...
  14. U

    P&L since beginnning trading

    You're telling me that you started with 25k on credit, and made 7million+ trading over a 9 year period. LOL. Can you tell me where one can go to learn how to do this?
  15. U

    Anybody else short US 30 Bond

    Yea thanks for deleting that post you crybaby. ROFL
  16. U

    Anybody else short US 30 Bond

    If we ever get back up to 120 again I will short this thing like there is no tomarrow. My only worry is that we won't be givin that oppurtunity again. I hate selling stuff on new highs, but I think this break shows how little the buying power is on the way down. The trend has reversed my...
  17. U

    Anybody else short US 30 Bond

    I ignore you surdo, you have a cocky attitude, and I guess your never wrong. Leave the real trading to those of us who actually do. You remind me of the type of person that remembers all his good trades, but can't tell you any bad ones. A pro really evaluates his losers, because to a seasoned...
  18. U

    Anybody else short US 30 Bond

    Anyone like me feel like getting temporarily long so we can sell the crap outta this thing in the upper 119's. I missed out shorting it last night and on friday, and my personality tends to want to fade something if I miss a trade, but I woud really like to see this thing goin back to 120 so I...
  19. U

    Youngtrader's Commodity Journal

    You seem like a pretty smart kid, and at your age your way ahead of the game. Have you ever considered trading for private equity? It's funny because my dream to is to be a 1k lot scalper in the ES, averaging a couple hundred thousand a day, makin 30-50 million a year. Top of the food chain...
  20. U

    Where is the bear market?

    Hedgefundtrader2, you are no better nor lower than the spam I get in my mail. Maybe a little more funny, but no better. You talk talk talk all day and never post trades, never say anything insightful, just spam the forums with your bullish rhetoric. We are in a bear market, I have 0% of my net...
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