after the first selloff after Durable Goods some of the worst chop I have seen just miserable! Everytime I wait for a break up or down just chopping me up I am done with this today. Should have just sold the spooz rally after number and sat in it!
we are in a sideways trade like spooz until spooz break 1380 or 1430 convincingly we are in a range like they are, so just trade the tape as El Surdo says or be ready for 1-2 handle swings on your position in the long end of the curve it is a lot more fun to play the range which right now is low...
if you don't make "X" amount you are let go not going to get into the details but they expect a lot. It is a lot more than 60K a year, think in terms of a month not year. There is no reason to trade futures at a big firm with all that leverage if you can not make a lot of money. People who...
intraday the ZB today has gone from 116.20 to 115.29 to 116.23 right now can't take a handle of heat on the size I trade in and out bro in and out, I read the tape, market profile, use daily stochs and fibs a lot of stuff.
we are talking about apples and oranges here, there are thousands of "prop" firms who trade equities this post is about primarily prop firms in Chicago who are unique in the fact that they trade futures/cash/options. This is unique really to chicago with the major futures exchanges. you trade...
Cash is king so who ever trades the CASH market is much much more capitalized than futures only firms and you have some of those firms in your 2nd or 3rd section. And some of your firms the traders are on salary and click to cover when a bot misses and/or program bots...thus not true prop which...
you really love pain? Well at least now you said if they settle above you are out that is being a disciplined trader not like last time when you took 7 handles of heat! Short 116.10 after that random pop covered 7, 6.5 and 6 that was like taking candy from a baby! These bots are not on tilt...
Richard you're back...hope you been trading this ZB long from 114-115 handle up to short at 119-120 handle even though now it appears that we might break if the TY yield goes past and through 4%...
all I have to say is wow, those BOTS were sure spinning today! Traded a little cash for the first time in a while, that is dangerous 312.50 a tick for a 1 lot with no stops! Up to the high all the way back and a nice rally after the pit closed...
dude what is your deal? Are you someone on the floor or 023's who he blew out move on bro...the spooz suck anyway now due to algo's they make it sit in a two handle range for hours...trade any curve contract that is where the action is now and CL. You haven't been able to see counter party on...
credit crisis may be in the 7th inning here but we got crappy earnings and Euro and Asian Banks next, pop the ZB and the whole curve! For now that is... ZB up big in evening session.