Search results

Big D: 1. The only thing you would learn about Bolivia is what you're snorting. Your application of fundamentals lies with your macroeconomic views, my application of fundamentals lies with correlated market drivers. I'm not saying one's better than the other, but if you want to be a better...

The other thing that IB doesn't have that sux is access to exchange-supported implied spreads like Eurodollar calendars, strips packs and bundles, RBOB cracks, CL calendars and strips - that type of stuff. I understand that 98% of retail traders don't even know about them, muchless ask for...

Most I can't discuss without having clients enraged - but the Japanese Yen versus the third month Eurodollar was great for several years. Canadian Dollar, Euro, and Mexican Peso each had long stretches of several months or more when they moved tic for tic with the crude oil future. Look at...

Maybe some Inc/Dec and Next Day physical guys want to chime in, but the ICE/ClearPort financial markets are toast - way thin in terms of liquidity. 2008 squeezed out the liquidity providers. If you're physical, then there's hope - with the utilities. SMUD and the California utilities are...

I have some clients who are printing money in the LME. Comex is just so-so. Access is the big thing: NewEdge wants $3m to open an account, but Man Financial is good to go as is. Rand owns a seat, just about every other reasonable FCM is on a give-up agreement or a no-go. Oddly enough...

Well, if you're trading your own money do whatever the hell you want until you either run out of it or drown in it. If you want to establish a track record to the point where you can legitimately attract outside funding: 1. stop taking flat price directional risk immediately, and 2. stop...

I'm going to use the term "private equity/private prospectus" to encompass terminology for all substantial backers who will let you speculate for serious $$ on their dime: hedge funds, certain prop firms and black label private equity funds. A big eye-opener for my clients is getting a...

The bellicose shout-down of mature voices for the sake of ego masturbation left the real gem behind: high quality corporate paper versus sovereign treasury debt. Did you know that you don't have to take directional risk to make a fortune trading? Did you know that most hedge fund portfolio...

FXWave: You want recognition, you are crying out for acceptance, you are making good solid published calls on ET and publishing a journal, and you are engaged in mortal combat with the slightest detractor and critical commentator. The fact of the matter is that the biggest bomb-throwers...

Big D: You're taking things wildly out of context here, especially when you cite two year notes. I mean, in that context, I could say that NTAP is up 0.89 when NQ is down 41.05 right now as we speak! There's a bigger picture here that you're missing completely, and which Martinghoul tried...

Well, every day I look at my statements for CME, CBOT, Liffe, Eurex, Brokertec, and Cantor-Fitz reminds me that without a doubt as a speculator I get paid on price.

Well, apparently it's too early for anybody to be calling for a mutual circle jerk. You just don't start a rant on a forum because fixed income has experienced 10% + price appreciation YTD, declare it overdone, watch it come off ~ 1/2% in a day, and declare yourself victor and supreme...

Oh, I've seen the crack spread move 300, 400 and one day even 500 tics in a single trading session. The energy markets are all about the path of pain - you will never put on a position and NOT take heat on it. You model risk/reward as best you can and stick with your game plan. Energy...

You can't "scalp" that market in the traditional sense of the term - if for example you sell the offer it becomes the bid too fast for you to flip on it; in other words you have very little chance of successfully bidding to scratch. I trade that market every day, but I'm spreading RBOB...

Because I don't manage OPM, and I have a client base including 6 funds and 30 individuals who would not be amused. I don't make calls for them, either.

Trading Journals, now you're being silly and showing some real immaturity and basic lack of knowledge. You will not last very long in this business standing in front of a train, throwing up your arms, and declaring "you've gone far enough!!" I have seen so many people blow out in this...

I'm not bragging about anything - I've been lucky with my positions, being long commodities and fixed income is a relative value play that is supposed to incur global capital re-allocation offsets. My point is that speculators trade on price appreciation - I've traded a ton of fixed income...

Use the OTR TY cash, or the CBOT TY futures contract. This forum is for speculators, and speculators buy on price appreciation - not coupon yield. Go renew your subscription to Institutional Investor if you want to go all wobbly now about coupon yield and beg off on total ignorance...

I am actually long PIMCO overweight in the 401K and in the spec account futures options vis-a-vis a ZN bull spread ITM. I've started scaling modest profits by selling Dec 130 calls Friday, a few more today, looking for 128 in the ZN future to be all out the spec position in terms of positive...

If America sucks so bad, why aren't tens of millions of humans trying to break into Mexico, or China, or wherever? Why can't China steal and copy Czech technology? Why doesn't Russia plant hundreds of spies in Portugal? Why can't the world do without all things American? Why are all...