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    wtf was that at 4pm. huge high vol selling

    Since we're here at the bottom (tm) I'd like to put my order in. Let's see, I'd like three days of pretty much straight up action for the month end bias thing, then a straight back down the full amount reversal for Friday afternoon. And I'll have a double-double, animal style of course :D
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    wtf was that at 4pm. huge high vol selling

    Dude, it's a tick, mellow out! FWIW I'm long over in ER2 where we've been having much more fun than your ES. A major shakeout and it dropped a full point in a split second. Lucky I had my stops wide. Just crawling out of the hole now, so just chill--everything looks kosher to me at this point in...
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    Bear Stearns Plans $3.2 Billion Fund Rescue to Halt Fire Sale

    You know, this caught my eye, since I earn interest on my money as well. Now, here's what I think. When you say "millions", that means at least two to me. Now, it's no trick to earn a little over 5% on your money, which comes to roughly 10 large a month. So, why would you bother spewing bullshit...
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    Tax Evasion and Money Laundering

    You obviously don't know my uncle. Strange guy, that one. They might have caught him once humping a cow, but I don't think he's ever farmed them... The irs wasn't amused. Better to keep them happy. :)
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    Tax Evasion and Money Laundering

    Oh, my bad. Well, let's see. 1) Give up citizenship and move to tax haven, Gibraltar, that Greek island starts with M where all the septic tanks spew, uh maybe some others... 2) Use the tax shelter scams, you know the "I own a farm with cows" or some other shit. My uncle is still paying...
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    Short-term trading with Oscar

    Hey, that's trading live with http://upyourpoopshootwithoscar.com Honestly though, if you cannot afford a seat, you really should not wear the floor jacket. As prognosticated, the summer chop will finish him and his followers off soon enough. I did bother to catch his video last night on...
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    Tax Evasion and Money Laundering

    Ok, let me re-state. Traders make a lot of money. Trade futures so that your blended tax rate total is like 22 percent or so. Make 5K or so a day, and on this money you will still only pay the low blended rate... Take reasonable business deductions and be happy. Where else can you make a million...
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    Tax Evasion and Money Laundering

    Yes, that might work, right up until you get looked into. Then, the failure to report the known items (it's not like you could say you forgot) would certainly be some kind of tax fraud felony... The best way is to structure your trading to best take advantage of existing laws to minimize your...
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    I Have Done It Again

    This is exactly correct.
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    Short-term trading with Oscar

    No, I actually trade you stupid little ass wipe. You dumb shits send out crazy emails all day; I can't help but laugh at your so called trades. You had some luck early on when all you had to do was go long every day. Here, let me help you. It's summer. That means some chop. Maybe "Oscar" didn't...
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    Futures prop firms ?

    Um, just a question. Why would you need a prop firm to trade futures, given the leverage available through retail brokers?
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    Short-term trading with Oscar

    Yeah, I believe he'll be teaching how to double down on a loser daytrade, then how to hold overnight when it didn't work out!! The double exclamations are Mike's --er, Oscar's-- not mine.... :) He needs to wander over to ER2 so I can take his money. What a joke. Oh, and that's really all I...
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    Short-term trading with Oscar

    Here ST, let me do it... Error 404: Quip STILL not found
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    Short-term trading with Oscar

    Well, here we are again. This is at the crux of what I personally find implausible. Years ago I went through the "predict the market" phase, which is essentially what he is doing. Calling the market direction yesterday then trading with that bias today in general cannot work long term, unless...
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    Short-term trading with Oscar

    Maybe yes, maybe no. FWIW, I kinda like the guy; or should I say, I get a good vibe from his videos most times. However, here's a point. I once had a winning streak that was 92 days long. That is, I did not have a losing day until the 93rd market day after my last losing day. This was quite...
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    Short-term trading with Oscar

    He did in fact. That's one of those rules I mentioned. Very rookie mistake; double down when _clearly_ a reversal of position was called for. I was long large at that time and I just smiled as he took the full stop up the poop shoot. :D I guess he stuck to his guns, that time.
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    Short-term trading with Oscar

    :D Nice one; Traitor :D 1st post, eh??
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    Short-term trading with Oscar

    Yeah, especially when you "stick to your guns" and turn a 15 point profit into a 3 point profit.... :D On some of those calls I just scratch my head, look at the charts and smile. With OPM, he better find someone who can actually trade it before he's in court litigating. All those flies...
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    Short-term trading with Oscar

    I'm with you ST. Those who can,do. Who said an unemployed pit trader could screen trade, anyway??
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