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Shorted CL/sept at around 84 last night. still in red.

Good point on the bond part. Another reason Fed QE will not be here in June.

That is not abnormal. People are speaking from perspective when they started and lost thousands. Telling fresh traders to be very cautious as if they could bring the lost money back. Just like movie goers fantasize themselves what to do as good guys in the movie. :D

Pressure is probably number 1 enemy of trading. You set a target of $500/day, may be cause you depend on it for paying bills. that is bad sign. Trading decision should never be effected by how much income you need from trading. Find another source of income than trading to relieve the pressure...

U.S. dollar is little different, QE can shift debt to foreign countries, a form of tax in the World. I am just stating what the Wall Streeters expecting, 50%+ chance of QE.

Given the dismal us employment number and looming global economic recession, it is reasonable to expect FED QE in June 19th meeting, but Obama has pissed off Jews by his hesitation of waging war with Iran. There is even open calling of his assassination in Jewish news paper( ilegal? not for...

Money is if not the only reason for people to trade. there is no other way to say it. Because of the importance to trader's financial wealth being, pnl can distort trader's decision making capability, causing either over timidity or fool-hardy boldness. I think proper way to handle it is to give...

This event demonstrated again: crime is the privilege for the "chosen people".

I do trade; I am staying out of market for a few weeks:

I am keeping an eye on the best place for traders, may move in a few years. I have never researched on it, but Singapore got my attention, low tax, high quality of life. Traders seems to be flocking there. But I think you need to have extra zero in your account worth to have the freedom...

http://www.youtube.com/watch?v=f-N7RvsOMx8

http://www.youtube.com/watch?v=nuQ7SOErgHI

google news, yahoo financing news, cnbc, bloomberg. youtube.

The reason that the Fed is depressing the gold price is because of a discovery by Larry Summars and Robert Rubin that as long as gold price is under control printing of usd will not cause inflation. I do not understand the connection between gold price and inflation honestly. I have been trying...

I did a rough counting once. If you go from U.S.A westward, you will count six nations with nukes before you reach Iran; if you go from U.S.A eastward, you will count six nations with nukes before you reach Iran. If nukes are that horrible, should U.S.A take care those nations first before Iran...

All futures are red except LE and GF; I do not know what to make of it, it sure interesting to know an explanation.

How about buying puts?

You can leverage if you really want to: short eur futures + long chf futures = leveraged eur.chf :D

Same story during great depression of 30s, a half dozen top economists formed a group and kept predicting economy and missing the mark all time. then went to obscurity and ignored. Can not remember more details, but easy to dig out if you want.

http://www.youtube.com/watch?v=E61okw2RlzE