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  1. S

    Some observations on scalping Crude

    Thanks a lot. I figured it out last night. Wow, $1,750 for 1 contract on a 1.75 move? That equates to $10 for a penny move. Am I seeing this correctly? I know I've been sounding like a fool lately. That's because I have no idea about the cl or any other futures. Just trying to learn.
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    Trader P/L 2007

    +900 Was up 600 on only 1000 shares. Then did 20,000 shares to make 300 bucks trading gm and selling too early and then buying higher and then averaging down and then getting out at even...Man, I suck. Someone fire me please!! tuesday, made 1000 and lost it all.. Wednesday made 400 and...
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    Some observations on scalping Crude

    Maybe I'm looking at the wrong data. This is what I see when I click on cl on the nymex website: Last 61.44 Change -0.35 Previous 61.44 Most recent settle 61.79 High 61.95 Open Interest 331101 Low 61.43 Volume...
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    Some observations on scalping Crude

    I am looking at cl at this site: http://www.nymex.com/lsco_fut_cso.aspx and the spread between the high and the low is only 50 cents... How is that supposed to equate to big moves? I don't get it...
  5. S

    Some observations on scalping Crude

    How do I trade the cl? thanks
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    Warning to all CME traders!!!!!

    So could this be the case with stocks too? I mean someone on the other side sees that it's me, a piker day trader, and trades against me?
  7. S

    Every share has a buyer?

    But it could be also possible that trader B was selling his long position which he owned from 15, no?
  8. S

    how are your quotes today

    Fuckin nyse is printing at one price and then there are trades going off at nasdaq $1 away for almost all nyse stocks. What the fuck is this? This shit is happening all day long. I can't make shit. I am about to throw in the towel on this bullshit nyse trading... Does someone at least know...
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    So I got fired from my prop

    I don't know what's so funny here, but losing 7k over 7 months is nothing for a new trader. You can't just look at the losses, you have to look at the circumstances. Since the market now does everything opposite to the basic scalping strategies that awhoa was taught by his firm, one cannot blame...
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    Trader P/L 2007

    -450
  11. S

    So I got fired from my prop

    Awhoa, I thought you were with Hold Bros? Man I'm sorry to hear what happened. But did you try to talk to them? They should make an effort to understand the enormous changes the market went through with hybrid. Basically every strategy their mentors taught became useless and they still don't...
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    TXU- Largest private equity buyout ever

    Damon, I don't know if the company doing the buyout is buying the shares or not. But I do know that gsco, lehm, msco, mlco, best, etc., etc, were all buying CBSS aggressively. I watched best on level 2 refreshing his bid for cbss for maybe 25 minutes at the same price while everyone who has no...
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    TXU- Largest private equity buyout ever

    So you think it was by chance that txu ran up for two straight days while the overall market was going down? If that's your opinion, then so be it, but I just can't accept that. Its the same crap that happened in cbss the other day. No one says a word, stock goes up 4 points on huge volume the...
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    TXU- Largest private equity buyout ever

    Stock has been going up all day yesterday and today, and NOW the news comes out. WTF is up with all this insider trading? WTF is the sec doing?? Surely someone knew about this and traded illegaly and they can just walk away with an easy 10 points. Stock is now at 71...
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    Tired of lack of confidence

    Ah ha. Thats exactly what I suspected. Trading on the 10 tick chart is a commission generator. I've tried it and it never worked. It always seems to work when back testing but the slippages will kill you. And you try to trade the russel and ym on a 10 tick chart? I hear the spreads in those...
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    Trader P/L 2007

    +530
  17. S

    Trader P/L 2007

    +570 Some prick keeps buying adi at .50s, otherwise coulda been a much much better day with my adi short...Ma F-ers have unlimited money and they manipulate and corner the market..
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    Trader P/L 2007

    -37
  19. S

    Trader P/L 2007

    +410 1200 shares sorry, no blotter. Ended up trading ice again :mad: ...
  20. S

    Schondfeld or Hold Brothers

    Yes, the complex reason is risk. Over-night trading is several times riskier. Everyone wants to make money risk free these days... But still some big traders at Hold do hold over night positions. I don't know whether if it is with only their own money or not, but they do it. I shall find out...
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