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1. Reminiscences of a Stock Operator - Lefevre 2. Market Wizards and New Market Wizards - Schwager

yeah, good point. some markets are still relatively overpriced, like SF, LA, NYC have not come down to those 1990s levels or anything close to be actually affordable to most people living in those cities. mind you, just an hour or two out of SF and LA, prices should be getting the GM...

just like the republican house and pres. gave rise to stellar growth that had nothing to do with the problems we are now having during their time together? i am going with Obama policies helping out the dire, but not revenge-of-the-zoot-suit calamitous situation.

good point, like if you are holding the position overnight and getting short interest as opposed to just buying SDS or whatever and getting unnecessarily reamed by the long margin interest.

great explanation, perfectly crystal clear. thanks so much for taking the time!! so i am assuming yes, this is not biz as usual for UNG with the contango going way beyond normal carrying cost, supply/demand premiums? if you traded it back in 2008, was it just that there was a much smaller...

great trade if you got USO down in the low 20s:D good luck with UNG (for both of us)

from the numbers i gave, i am seeing a 9% lag on the way up and an extra 3% on the way down (i am only seeing 12% but you could calculate it differently). if such deviations were guaranteed in these two derivatives of the exact same gas, then that would be a great spread to play. always short...

isn't the current price of UNG where it is because of the June, currently rolling over to the July future's contract price, which are its underlying? if the price of the future's contract is still $6 when we get to December, then the price of UNG should be at least $21 for a fairly good gain...

to tell you the truth, i don't know THAT much about UNG but from the research i have done on it, the rollover of the underlying contracts to the next expiration only moves the spread by a very small %. if you look at the price of UNG commensurate to the futures, they have stayed fairly...

i'm with you bro, picked some up in March at $16.2 then a bit more end of April, $13.40. NOT anything resembling a daytrade or swing for that matter, just scaling into a commodity that has historically ripped well http://futures.tradingcharts.com/chart/QG/M nice move yesterday and I'm not...

...you do have some good, liquid stocks that are showing a Mike Tyson RS, at least today... sorry if i confused you, Mister Lang sir, but RS is referring to what traders call "relative strength" which is strongly indicated by upward price movement whilst the rest of the industry/market...

rockin' good news!! you do have some good, liquid stocks that are showing a mike tyson RS, at least today.

i tell you, bro, from your initial rant a few posts back, i was thinking you had been partying with Jeff Macke last week and were still up and waaaaay sleep deprived/delusional:D if you passed that bee-itch 7, then you at least have some discipline(or you were a finance major). not that it...

best was buying a basket of financials and a few ES contracts on the Fed's surprise 50 basis point cut on Sept.18, 2007. worst was buying a bunch of ES contracts, i think spring 2004, on what was quite upbeat news for all economic indicators given every first friday of the month, 8:30. i...

sure, all prop firms have their own best interest in mind(i.e profit) but there are prop firms out there that do actually teach some worthwhile stuff. if you think about it, really think, it actually is in their best interest for the traders in their firm to be successful because, get this...

and of course, if you can't trade, the extra leverage will just drain your account that much faster. retail firms are bound by regulations that allow them only to give you 4 X leverage as a PTD and min. $25k in account or in the case of the new Portfolio Margin accounts (since 2006, i...

as dealmaker had said, the GOOD props will offer some sort of training and/or mentorship program to get you going AND you have access to intraday with infinite amounts of leverage. with that, if you truly are a whiz at the game but only have $5k in your retail 4X leverage intraday account...

tone of facetiousness noted from teethy smiley face. me thinks, from a bleeding pulpy hearted dem perspective(spurt, spurt), a true measure of success is if you are of the considerate mind that can give something back. it is the successful trader that sees the trading environment with...

a shitload of people lose money trading with automated systems but i would bet even more lose money that leave the decisions up to their own crazed by fear and greed discretion. for sure, there are lots of people making tons of money through discretionary trading but the most successful folks...

Look brotherman, nowhere did i suggest that he was not entertaining. honestly, i thought he was the most colorfully clever freak of the bunch but the question was "why is he out?" and my guess is that he was doing a bit too much of the wrong thing at the wrong time. could be any of the other...