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Of course the long term investors and long equity funds will be buying throughout the year, that is there exact intention of buying and holding for the long-term hoping for less distressed equity prices that we saw in the first quarter.

Haha! To the OP, please be sure you are aware he's only joking. Use limit orders if you are going to be trading those markets as the spreads are very wide.

Just to give a little more insight here folks - Took off some September Wheat during the day as there wasn't much spec or commercial interest in the pit by the end of the day. One of the big locals that trades corn and wheat established some short July corn position (at least from what I...

Interesting you bring this up. There are two breeds of local floor traders down here: the scalpers (some called market makers) and then the option guys and spreaders. I myself am not an options guy, but the people that do it successfully are absolutely amazing at what they do. There are some...

Hello all, I've been dabbling around the forums here off and on for awhile - and I thought I'd give some insight into what I myself and some other pit traders are thinking about the Agriculturals as of late. I myself trade the front month Hogs contract in the pit everyday. We're obviously...

Maximum length out there I believe is the June '09 contract, which probably barely trades during the day. You're better off going long some ITM or ATM SPX LEAP options. The December 2010 $1000 SPX call is offered at about $457.00, implying a 75~ move upward in the SPX by 2010. You could do...

I've had to do this multiple times too. Some of my friends, not only women, can't understand the purpose of daytrading (or in your case, algo trading). Sometimes just to get them off I'll say I'm a stockbroker.

All brokers are required by the regulator (exchange and CFTC) that the customers have the maitenance overnight margin in effect as required by all accounts. While you can get a good intraday margin, sometimes as low as $500, the minimum for overnight is the same across the board.

I'm a trader down here in the hogs pit, but occasionally wonder over to the S&P if there is something going on. Still a lot of action in the pit and large institutional orders still go through here. Not only because of the order flow we can get, one of the reasons me and other locals still...

Mini crude and nat-gas is fine to play with but the Mini-ags are horrible with volume and spreads. Just trade a little more size and trade the better, "big" contracts (5,000 bushels vs. 1,000 in the minis).

In these types of situations, normally the trades will be busted. Look especially at the grain markets overnight along with the equity futures.

This is what I look at every morning. Easily generated charts by the Cleveland Fed based on OPTIONS on Fed Fund Futures. http://www.clevelandfed.org/research/data/fedfunds/index.cfm

Wow, GLD at 85.54? Who would have thought that with stock_trad3r behind it?

Their negative accounts are usually closed out and losses deducted from a segregated account that has the performance bond in a safe yielding T-note. I know a few traders down here who withdraw every week and go negative on the next Monday just make it up (or try to) by the end of the week. If...

I hope you meant to say stocks to freefall instead of rally. A 25 basis point cut is already baked in. We are in overbought territory all on anticipation of a cut.

I don't usually trade equities but I built a small position in short S&P futures after hogs closed today in the pit. Look at it this way: No cut: Fed might be worrying to much about inflation. Market goes down. 0.25 cut: Already baked in, market remains stable goes lower 0.50 cut...

HFT2, How are your long positions after today and yesterday? Still averaging in from S&P 1550?

True, some do run them to zero and even negative. These traders generally can't keep up pace with the volume and activity. Smart traders will use order flow and volume in the pit (institutions still send most volume to the pit, especially in Hogs) to see where the market's going. You have to...

A $1 million account can easily be doubled yearly, with the right risk management and trade plan. Traders in the pits like myself trade with only enough to cover normal performance bond requirements. Returns on what we have in the accounts (normally at least $150k+ secured with clearing firm)...

I've traded hogs for the past 21 years. Volatility is up and people sometimes get screwed in the meats market. Look at Friday's intraday Hog chart. 2 other locals and I so-called broke the market there, sent it down from 77.0 to 75.85 in about 5 minutes. This produced large profits for the...