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  1. BCE

    Looking to hit it big in the HFT trading world (Looking to firm)

    "During some time periods it will make 200-300 trades per second." That's interesting. So you actually do high frequency trading? Not just simulated HFT? Doesn't it take a substantial amount of capital? ADD: I see your other thread here. I'll have to read it when I have a chance. Sounds...
  2. BCE

    CL Redux

    You probably got that from me. :) See the second link too about hoarding oil in tankers. And go to the first page of the forum too to read the articles if you're interested. You may have already read these...
  3. BCE

    CL Redux

    Quoting the article, "No part of the markets are trading on fundamental values, nor on forward business expectations. They are instead trading as “hot money” repositories where speculators rotate in and out of various instruments literally on a minute-by-minute basis." That seems to be truer...
  4. BCE

    Let Trade Run -- No Exit

    I was honest enough to share my story about letting a trade run, but then also letting a profit evaporate to nothing as an example of not taking a profit, and as part of this discussion about when to take a profit. One should take a sizable profit when it's there, especially if you're doing a...
  5. BCE

    Let Trade Run -- No Exit

    A smug statement. Especially the way it's worded. Actually it's not only not the dumbest statement ever, but not dumb at all. Losing novice traders, as you call them, who have losers bigger than their winners has nothing to do with this. Holding losing trades for big losses is their problem, not...
  6. BCE

    CL Redux

    Now I remember. It's your dog, right? That's always good news.
  7. BCE

    CL Redux

    Didn't see your post til I posted, but that's what I'm saying too. I don't see any signals yet to swing this short. So why be on the wrong side of this in the meantime and have it go against you? Why try to be the first and get flattened? This won't tank 10 points in a day for no reason.
  8. BCE

    CL Redux

    The first part here sounds right. I feel this is in the process of testing the upper end of its range. And the whole market, the indices, seem to be ramped up too. As I mentioned before, there's been mostly positive, improving economic reports for a while now and no significant bad news. But...
  9. BCE

    How Does a Billionaire Become a Millionaire? Start an Airline

    Another version of that joke is: Q: How can you make a small fortune in the stock market? A: Start with a large fortune and invest in airline stocks. :)
  10. BCE

    CL Redux

    Couple of more articles. http://news.firedoglake.com/2011/05/05/crude-oil-prices-collapse/ http://www.huffingtonpost.com/2011/02/15/gambling-on-hunger-food-crisis-regulators_n_823725.html
  11. BCE

    CL Redux

    Oil futures close near $114 a barrel April 29, 2011 http://articles.marketwatch.com/2011-04-29/markets/30677950_1_crude-supply-disruptions-oil-production Not saying it's going there or not. Just some info on what happened last year. At some point this obviously will top and reverse. If...
  12. BCE

    CL Redux

    Interesting. Yeah, maybe. But this looks pretty strong. So it may be better to hold through pullbacks, which would have been the best strategy so far. Unless you sell the spikes up and then reenter on pullbacks. At some point this will reverse and some people will try to buy the dips not...
  13. BCE

    CL Redux

    Anyone?
  14. BCE

    CL Redux

    I was trying to remember what drove this up to 114 last year. Wasn't it the Saudis? And then I was trying to remember what caused it to top out and reverse. Just so we can maybe have some sense what to maybe look for in this situation, which I realize isn't exactly the same. Going to take off...
  15. BCE

    CL Redux

    May have found a short term top here. Or just some profit taking, which makes sense. Time will tell. V how would it be okay to be short over the weekend even without leveraging? Unless you have zillions of $$ and average in. I scalped my way up the last hour, so did good. But somehow I...
  16. BCE

    CL Redux

    Poor little DX. Cast aside. Unloved.
  17. BCE

    CL Redux

    Good entry scalp but exited before a small pullback and didn't reenter in time so I left a little there.
  18. BCE

    CL Redux

    Was May 5th the 114?
  19. BCE

    CL Redux

    Hey :) I PM'd you about that loan. I'll be able to pay you right back as soon as my trading improves. :p
  20. BCE

    CL Redux

    But another thing is the basic stories behind these runs, whether it's crude or the general market, remains the same. The Iran story is the same and unresolved. The job picture has improved and other economic reports are generally good. Etc. So until that changes we're probably going to hang at...
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