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  1. J

    ES Journal Archive (2009 - 2010)

    Did you even read what I wrote or are you trying to be funny? And what discipline are you refering to doubling down every time the market goes further against the original position.
  2. J

    ES Journal Archive (2009 - 2010)

    Seriously man stop and think about what you are doing. You are trying to catch peanuts(you probably do this succesfully most days) but all it takes is one massive downtrend day where prices don't retrace enough to wipe you out. When the markets daily range is as high as it is right now you...
  3. J

    High frequency traders literally printing money!!! LITERALLY PRINTING MONEY!!!!

    Your firm and others better keep the pr machine going because I sense the tide is turning on hft in general. I am not quite as pissed about hft as many of the traders on this board( I have been in this game for 12 years now and have adapted to all market conditions) but I do hate how hft firms...
  4. J

    Market is broken

    Well said. There are only a few true liqudity providers in this market. Institutions that have invested 100s of millions in hft are not liquidity providers, they are the ones who have created the situation we are in with 70% of daily volume attributed to hft. They can take their system down...
  5. J

    Let's solve the tax problem without Volcker

    Where can i find this info on the site?
  6. J

    IMF Chief Proposes New Reserve Currency to Replace Dollar

    The problem is many people like fkbsuhites exist, they and the independent were responsible for electing Obama. He really believes that the right is responsible for all the problems in the world. Of course they are partly to blame but no way in hell do they compare to the well meaning...
  7. J

    Senator Jim Bunning blocking benefit extension!!!!

    Your joking right, ever hear of Cuba or the soviet union? Two very successful governments where social justice was their priority.
  8. J

    Pound Could Collapse Within Weeks, Predicts Billionaire Financier Jim Rogers

    Barry is the best. My wifes uncle and the rest of the family can't understand how Obama is not loved by all. He is going to fix everything Bush and co. screwed up. They told me so.
  9. J

    Why America couldn't even spend the economic stimulus package?

    Do you own the company or work for it? What project, building or area if you don't mind?
  10. J

    CNBC gurus. How bad are they?

    They don't give Santelli enough time. Cashin has some sort of contract that states ask me a dumb question and your 45 seconds becomes 10. I would love to see more of these two but cnbc does not like people who tell it like it is.
  11. J

    Stock market is so flat the last 2 days !

    I agree its not Obamas fault, the market cycles are bigger than any president. Volumes are low from the killing joe six pack took in 2008 and it doesn't look like its coming back. That being said new suckers are born everyday and at some point volume and vibrant markets will return. Heres to...
  12. J

    Stock market is so flat the last 2 days !

    You mean volatility of 2008 right? These last 2 days have been particulary painful if discretionary trading is your sort of thing. This market hasn't felt the need to do much of anything for a long time, who knows how long this plays out.
  13. J

    New guys, now is not the time

    I have changed my rules for this environment, I stop everyday at 11:30est no matter up or down or if I think the market will be active. Alot of activity dies down after this period from the eurozone markets closing. Euro systems most likely shut down leaving the rest of the days trading to...
  14. J

    Spain and Portugal financial crisis puts Europe on brink

    The problem is that the stupid expirement called the euro makes this much bigger than france defaulting when they had their own currency. IMO markets and the media don't realize how big this might be. What happned in sep 2008 when $500 billion were withdrawn in minutes in the us would be...
  15. J

    Google Is Going To Have A Shortfall!

    Instead of shorting goog outright I would buy bidu /short goog in equal dollar amounts. Bidu has been outperforming for months and if the markets start making new 52 week highs again I expect bidu to really take off while goog might lag the sp. sac capital is a huge holder of bidu I wonder if...
  16. J

    Stock Tax May Reduce Volume 90%, Interactive Brokers CEO Says

    Think about what will happen. If I go away with my 10 million shares a month and much bigger fish go away as well you don't get to buy oil with a penny spread. Who knows what spreads will be. All I know is that if this went into effect to all parties without exemption volume would move to...
  17. J

    Apple iPad

    I bought the kindle for one thing. It delivers books to me in seconds in the exact print type of a real book. What am I going to do with an ipad that I cant do better with a much more powerful and cheaper notebook computer. Sure the aapl faithful will buy this but really I don't see what I...
  18. J

    Stock Tax May Reduce Volume 90%, Interactive Brokers CEO Says

    I would have went from making a great income last year to losing probably ten million dollars with this tax. Anyone who trades millions of shares each month would be obliterated.
  19. J

    Was 2009 a disaster? What are you doing for 2010?

    I feel for you. I have been doing this ten years. I have had 2 negative years of less than $20,000 with all but 2 of my up years being over $300,000. I used to love doing this, but after 2009 the market took alot out of me. As I sit here today trading an absolutely crappy market I can't help...
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