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  1. bone

    can price action predict market moves

    Just completely sidestep the point of the post. Big successful traders feed on small retail traders. And doing the obvious makes you the prey. Say what you want about the floor - I saw locals who would put on thousands at a time. Big electronic traders do the same types of things. They come...
  2. bone

    can price action predict market moves

    When I was on the floor, the big locals would run stops. It's like a free option. How did these independent local traders determine where the stops were ? Technical support and resistance.
  3. bone

    Schwab deposits $1.2 million into a customer's account by mistake...

    And that's when the FBI gets involved.
  4. bone

    Schwab deposits $1.2 million into a customer's account by mistake...

    It gets a bit more complicated - Citi was acting as administrator for a commercial lending agreement between two parties and the recipient honestly thought (and expected) it was a loan payment. $400M was returned and this will be appealed.
  5. bone

    I cant make trading work for me

    Stopped following this thread.
  6. bone

    Schwab deposits $1.2 million into a customer's account by mistake...

    The bank can indeed reverse the transaction. I'm not sure where you get the idea that they cannot. In fact, the bank can legally withdraw the full amount into negative debit balance and charge you for overdraft fees. You are not allowed to keep a deposit that you did not personally put into...
  7. bone

    More people lost money waiting for correction

    Reason number 5,895 why Jack Schwaeger and "Market Wizards" ruined so many trading accounts. Too many retailers thinking that trading involves timing huge macro market moves.
  8. bone

    China to launch bank backed digital currency

    The reason this thread was never really "pursued" was because there is a huge difference between a legit borderless anonymous digital currency like Bitcoin and a mass State currency surveillance and control mechanism (aka the digital yuan).
  9. bone

    Advice for all the noobs who want to be a full time trader...

    I can empathize. Too many giving stupid advice - some compensated, others not. A den of snakes and hucksters. Thousands of SIM, book and YouTube educated "experts" dispensing their gems online. Precious few experienced voices of reason.
  10. bone

    The Definitive Guide to Pairs Trading

    I have not read Hudson and Thames, and I do not trade equity pairs. Having said that, and having spoken with a dozen equity pairs traders in the past decade - I've learned something. It's a big mistake to confine yourself to modeling pairs for mean reversion only. Just ask Don Bright.
  11. bone

    Advice for all the noobs who want to be a full time trader...

    Start out insanely wealthy. You're welcome.
  12. bone

    Should I sell covered call or cut loss?

    I've seen some really nasty things happen when someone tries to "hedge" or lay off a big stinker.
  13. bone

    A Word About "Arbitrage"...

    Commodity tokens (in theory at least) could provide some interesting opportunities. Which will be rapidly exploited and arbitraged to zero.
  14. bone

    Treasury Note Futures Market Quote

    Ten Year Notes (ZN) have no coupons? Really?
  15. bone

    Futures months and rollover - longer term view

    Poppycock. Look at other commodity investment vehicles like ETF's and the convenience yield is actually much worse.
  16. bone

    Futures months and rollover - longer term view

    Why not get out of your losers and roll your winners ? What commodity?
  17. bone

    I cant make trading work for me

    No, you actually don't have a decent strategy. You've been lying to yourself all along. Without legitimate position management you were 100% set up to fail.
  18. bone

    Cattle Rancher loses $200M of Tyson's Money Trading Futures

    Cody Easterday was remarkably consistent with his futures trading. Five years is a long streak.
  19. bone

    The S&P 500 topped at 3481

    I don't know about shrimp, but shaved ice is a power move in the Summer.
  20. bone

    The S&P 500 topped at 3481

    Since March '20 there has a been a world class boss move trend line on the Weekly. But first retracement on the Daily - Volente will start another "top is in" thread - number XXXX.
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