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OK here is the deal. Quants are losers. They are a bunch of math and science nerds that don't have the balls to actually trade themselves but think they are still smarter than everyone else and can figure the market out through complicated math and science equations. As far as im...

anybody else have any feelings on this :D

Actually he is not a gambler at all. He hates going to casinos and won't bet on a football game for anything. Calling my father an idiot is actually a really idiotic thing to do in itself. Im not saying that he doesn't have the go big or go home attitude on everything. He has always taken...

what the hell is wrong with you guys? Being someone who actually knows his son and grandson personally I can say that buffett lives the way he does because he truly wants to live that way. He enjoys making the money not spending the money. Its just a big game to him (a game that he is really...

I have only been in this game for a little over a year (im still in high school) and have yet to blow up so I can't give you any advice from actual experience. What I can give you though is what a trader blowing up does to his/her family. My dad lost over 500,000 dollers in one day making...

Ok today I bought a nov 820 put for 7 cents. closed at 6'6 i think. Wanted to buy it at 5 but couldn't get it done. i think this is an extremely low risk trade if you want to capitalize from these beans. Made some nice gains on those minni wheat spreads. With 10 cents per spread made on...

No actually he didn't. I talked to him during the trading session and he did not have much time to talk. Located at the cbot and a very knowledgable trader in my opinion. Looking to capitalize on the crop report next week. I know I am right about this bean crop so I am going to try to buy...

Did not sell any bonds today because a guy I talk to that trades bonds exclusively said not to. I usually don't listen to anybody else on my trades but I respect his opinion and am glad I did not sell em today or I would of been run over!

stopped out on beans at 904. $5400 loss. This always happens when I get stubborn with a market and add to a losing position. I should of just kept a stop and if stopped out be done with it but you can't change whats in the past. Looking at selling dec 30year bond hear today. Not sure...

I find that the best trading partners are the ones who are completely different. My dad is a total fundamental/seasonal trader. He is deffinantly an opptimist. I like to watch the chart most of the time and am a pessimist usually. So when we discuss a trade if we can blow as many holes...

They have to use this as a stratagy. There are many books on chaos theory and such. I have also heard of people using fractal analysis to trade on. Maybe I am wrong though. Is it mathematical numbers or what? I am a little sceptical on the whole trade off of math equations and science...

Can anybody explain what this is and how traders use it in the markets? Is it the same thing as chaos theory and what is that? Sorry about all the newbie questions but I would like to know more about these stratagies.

corn is deffinantly going higher. We are at a point where the crop is huge, demand has been lax and it has became the tail of the dog in the grains. I mean come on you get wheat up limit beans up 9 and corn still down a '4......thats just retarded. This is all factored into the market now...

Sold 2 more nov at 894 today. My average is now short 6 beans at 886. We closed at 882'4. I expect this to continue tuesday. A TOP IS IN! My guess is we take beans down to 870 minimum.

Turns out I did not sell those 960 wheat calls although I really wish I would have. I must of been thinking about the calls so much that I thought I called the broker and told him to sell em. Talk about losing it mentally! Sold 2 nov beans at 894 like I said which happened to be the high...

beans up 9 cents on overnight trade. Will look to make one more short sell at 894 or better and then just put in a stop that I feel good about (prob somewhere over the 900 mark) and let it work itself out. This thing is way over done. I also sold some dec 960 wheat calls for 10 cents...

Wow you guys must think im a total amateur at this game! I know that the ethanol craze is making the market go crazy (I live on a farm). I know obviously more corn acres means less bean acres. Lets try to have a little more sophisticated conversation about these beans and not talk about the...

Im in accounting class right now but I sold 2 more beans at 890. I hope this works but im not afraid to add to a position I think I am right about!

We had a better than expect progress report monday with traders expecting 2-3% decline with us coming in at a 1% increase. Market still seems to be trading a shitty bean crop (reminds me a lot of the corn market early in the year both technically and fundamentally) when I believe we have much...

This market has run 20 cents higher from where I wanted to short it in the first place. Sold some nov at 876 and looking to sell more today. Any thoughts?