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Scalping defined by someone who does it for a living. BUY THE BID AND SELL THE OFFER (as many times as possible) You play the spread and make competitive bids/offers in the market to get orderflow but at the same time not making them overcompetitive and ending up caught on a position...

Probably nothing.......I trade a very good portion of the volume in some lesser liquid markets and I suppose and dont doubt that guys can literally be trading with themselves. Thats electronic markets for ya......NO TRANSPARENCY!!! Open Outcry is the only way to get a good transparent...

He isn't doing anything wrong as far as the exchanges are concerned, however calling it morally right to trade that way is another story. Every electronic market has an asshole who pulls this kind of shit. Every since the dawn of electronic trading markets are getting more and more...

Dude no offence but you are a fucking idiot! Saying discretionary trading is a losing game is just stupid! Every successful trader I know (and I know a lot of legends here in Chicago) are all discretionary traders. Saying that you need a system to maintain discipline just explains how poor...

hi everyone i just created a blog specifically about the grain markets (my main trade now) it will provide my thoughts, recommendations, etc just like this journal. http://farmboyfutures.blogspot.com Check it out if interested YT

ya a hell of a lot of good a bunch of math equations are gonna do in this environment........wait did they ever do any good? nah

Not that simple dude. The contract calls for 40,000 pounds which is a little less than 40 fat cattle. Needless to say you must ship these cattle from the auction, have sufficient area to keep the cattle, feed the cattle, etc. Now if you were talking arbing the pit vs screen all day now...

LMAO!!!!! Damn I gotta start going on ET a little more, this is some funny shit!!!!!

No I have never worked on the floor although I have a few friends that are currently in the grain pits and many that used to work down there back in the heyday. I am with a proprietary trading company in Chicago.

summer grilling season is nearing......pork packers making roughly $3 per head which is a drastic improvement from last weeks margins which were as much as negative $20. High pork cutout values and lower cash trade should give some support to hogs this week but who knows. cattle are in the...

Slinging contracts around like a cowboy will lead to trouble my man. Trade the spreads and if its not enough bang for you then trade 100 lots in the spread at a time. Always take the consistant higher probability money vs the long shots. I like selling mw/kc around 45 mw/chi around 95 and...

Not much just record low soil moisture in the southern plains. Crop went into dormancy in bad shape and now when it comes out of dormancy there will be no moisture for the heading stage later this spring. KC wheat has the most upside potential but if wheat really takes off Chi will lead...

just buy kc/chi spread or sell mw/kc spread. That way you are literally playing the crop conditions in the southern plains (KC wheat) and not just playing the outright wheat market whch is so subject to outside markets, technicals, etc. Spreading that wheat is a safer way imo

Ya you see some of that "spoofing" in the eurodollars as well.....like you might see 15-20k bid/offer in some of the 3month spreads but thats when you just have to check the yield curve and be on the right side of the market that favors what the yield curve is doing. Because I would imagine they...

LIFFE is a piece of shit exchange who basically fucked themselves by being so pro algo. Trade CME eurodollars

Well real prop firms offer multiple "edges" 1. exchange rate commisions 2. fastest connections to the exchanges anywhere 3. lots and lots of capital to work with 4. training/strategies to trade

Brandon I just found out about your condition. If there is anything you need, ANYTHING please dont hesitate to ask! Just believe in the big man upstairs and everything will be fine. Remember he knows everything that is going on so rest easy because he is in charge. Will pray for you daily

Depends on what kind of trading you are doing. Not a bad broker all in all. Great starter broker I would say. Demo and real thing are almost identical except the real one has a lot of software issues and frequently shuts down or certain markets wont work which really sucks (used to trade...

No I am not in college and am seriously thinking about not going to college as well. I am a profesional trader trading for a profesional firm and I did it all without some fancy degree. So whether your really a girl or just some old guy sitting behind a computer screen doing all this to get...

lol i love ET!!!!!!! You just cant get this kind of stupidness anywhere else on the web!!!