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I've had a few times where I've flown too close to the sun with IB and held something a bit too close to the close and they auto liquidate some of my positions. Their liquidation order rarely makes sense. In fact their first move often makes the margin situation worse, which leads to this...

The jobs situation (in terms of tightness) is not going to subside until the gov't stops handing out $20B - $30B EXTRA every month in emergency Covid aid under a bunch of different programs.

prolly nuthin

How much of that is from the network/show and how much of that is from trading?

I'd love to see this backtested. I've always felt like betting against Cramer would make someone a fortune, but I could never stand him long enough to actually watch him and write down his picks. And he's cagey anyway. He'll be yelling "back the truck up and go long here" and then three weeks...

Cute story. The only reason we don't have $10 gas today is because of the mercy of MBS.

I love how the media largely ignores the fact that our current administration has killed tens of thousands of US jobs, sent gas prices soaring while draining the SPR and then wants to start dealing with dictators in authoritarian regimes to fix the problem they created. And... we're draining...

I still use IB. I don't really fault them given the scope and entirety of the way the market gyrated during that time. I never really traded naked positions, but I had some decent downside exposure. These days when I go to bed, I look at my positions and ask myself if I'm ok waking up limit...

I've had that happen at IB. Not in 2020, but during the 2008-09 meltdown in some of the overnight sessions we went limit down on the SP and it wasn't good. At IB, it's just a computer trying to value your positions and then auto liquidating if certain conditions are met. More than 99% of the...

This same shitshow is coming to the US if we don't turn this around. The biggest issue in the UK is the steady increase in entitlement and support payments over the last 15 years, and the same thing has happened in the US. No one argues that we should not establish, maintain and deploy...

The meeting notes indicate the purpose is to discuss the ADVANCE RATE and the DISCOUNT rate. These are different from the Fed FUNDS rate. The discount rate is typically one point above the funds rate, but there are also three discount rates (primary credit, secondary credit and seasonal). I...

I have found that dipping my balls in gold twice per year is a solid investment.

I don't know what's going on between you two but I'm getting this rather unnerving odd sexual tension vibe.

For me, I generally close out sold options in the 80% - 90% range. In other words, that $10 option would be bought back at $1 or $2. The way I look at it is that I've made 80-90% of what I intended and why am I sitting around waiting for those last few bucks when the market can reverse hard...

When I used to trade equities, managing the giant winners was a nightmare. If I bought something at $10 and it was sitting at $80 it would drive me absolutely nuts and I couldn't sleep. If it pulls back to $55 do I get rid of all of it? Is it going to $500? No matter what I did, 80% of the...

I think you have to trade other products or methods. I learned this very same thing about myself years ago and made adjustments to what I trade and how I trade. For me personally, it was far easier to change the game than to change me.

Meanwhile...quietly...the gov't continues to hand out an extra $16B per month in "emergency Covid relief" funds via Medicare subsidies and a host of other cash freebies. Everything the Fed does is lagging. Fiscal policy is throwing gas on the fire and low information voters continue to believe...

prolly nothin...

The WSJ had an article yesterday about Nikola and the huge amounts of fraud and deception that took place there. They went public via a SPAC and bypassed some of the structural processes inherent in the IPO process. Lots of firms closer to the deal (ironically - BlackRock among them) were able...

Hang in there buddy... it still might happen... LOL I don't know what's more impressive - calling an upward rocket ship the trading day before the Fed as we historically meander about whipsawing the averages; or starting an entire new thread to call attention to your prediction.