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  1. J

    Should I take Economics or Finance?

    Take finance but remember 95% of the investing stuff they teach you is worthless because its all based on the efficient market hypothesis. You must pretend to believe this and understand it if you want to get a job in finance though. Trend lines, support and resistance are definitely not...
  2. J

    the bloodbath continutes....

    Good job, you guys called the bottom of the correction yesterday. Every single pundit on TV keeps saying that commodities are in correcting mode right now. My friends who know that I trade are calling me and telling me to short gold. I have a feeling that the commodity markets are going do to...
  3. J

    What are the best books??

    Alchemy of finance Hot commodities economics in one lesson
  4. J

    commodities for newbies

    Here are useful links from the exchange: 1:1 CBOT Wheat vs. Kansas City Board of Trade Wheat 70% (the spread you wanted) Maybe you should spend five minutes doing some research before you try and call me out on this forum. If you can't find this simple information on cbot.com you probably...
  5. J

    How did you save up enough to trade?

    I robbed a liquor store at gun point and sold crack rocks. I reccomend you begin doing this before you turn 18.:D I actually just saved my money from odd jobs in college and lived like a cheap bastard.
  6. J

    Larry Williams arrested in Sydney for tax evasion

    HAHA, I love watching snake oil salesmen get burned. What I think is interesting in the article are the amounts he is getting paid to do seminars around the world. I guess people everywhere have money to burn.
  7. J

    Myspace Bubble?

    I think myspace is worth 500 million because almost every person I know in their 20s is using it. I have never seen anything take hold of all my friends like this before. I have friends the are seriously addicted to it they can barely make it through a whole weekend trip without checking it...
  8. J

    Grains Journal

    I am currently looking into shorting a soybean meal contract as a hedge against my corn and wheat positions. I have never really studied the soybean complex, but I guess this would be a good time start. From the research I have done so far it looks like there are a tons of soybeans floating...
  9. J

    Grains Journal

    B1S1, can you recommend I cut my losses again tomorrow before the market opens, maybe I can catch another 20 cent move. :D
  10. J

    Grains Journal

    I bought corn a couple weeks ago so I still have a lot room before I make a loss. And my wheat is up 9 cents. I hope B1S1 is able to cut his losses in wheat. I am not very bullish on soybeans or oats in the short term and will short these grains if I need to hedge myself. I am more confident...
  11. J

    Grains Journal

    I have a feeling I'm going to get my ass kicked in corn on monday due to the crop progress report. Its only contract so I can handle the heat. I will hold it untill the next WASDE report in June.
  12. J

    Grains Journal

    I just bought a KC wheat at 500, covered all my oats at 196 and I am going to hold my corn through the weekend. I think the big funds are not done pushing these prices up, hopefully they will take some of their metal money and plow into agriculture.
  13. J

    Grains Journal

    I hope oats go limit down today. All these idiots who bought it at 2.00 plus should be starting to feel the fire burn there asses. HA HA HA HA.
  14. J

    Grains Journal

    A 10 cent move is about 500 dollars, I am sure he can handle it. I shorted oats as a hedge on my corn position so today's loss could be a lot worse. I am actually profiting for the moment, lol. I'm trying to decide if I should hold over the weekend or not.
  15. J

    Sugar 11

    Never actually bought the the option. I now I will get totally screwed on my fill if I try to use options on the NYBOT. I think cotton has better prospects sugar for the next 5 months. I hope sugar keeps dropping so I can get in on this bull market.
  16. J

    can i retire in 5 years starting with 5,000$ ?

    short the dollar vs yen. This seems to be the prevailing bias.
  17. J

    can i retire in 5 years starting with 5,000$ ?

    what currencies do you have.
  18. J

    can i retire in 5 years starting with 5,000$ ?

    buy the mexican peso
  19. J

    Another one hangs it up

    Good Luck, you should try and find a way to bull shit your resume. Do you now anyone that owns a business that can claim you worked for him. This is probably is an immoral thing to do but you are in a desperate situation.
  20. J

    Another one hangs it up

    You could try becoming a professional poker player. In poker you are at least guaranteed to win if you play mathematically correct over a long period of time. It uses many of the same skills that trading does. The lifestyle would be very similiar to trading if you do it online a lot.
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