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and fit your trading strategy to the market you are presented with. Quit banging your head against the wall until you see a way to make money. The market acts the way it does, no reason why it should act the way you want. You need to change not the market.

Too true, companies blowing away earnings and revenue forecasts in Q4 guiding down for Q1. I looking for Reg FD to prompt them to guide higher as the quarter develops.

Chris was a good guy, looks like he stopped posting after a trade went against him in a big way, not a good sign.

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have been good ones I too can not find 200 being traded at 0.3.

I pay attention to your posts as it is pretty obvious to me that you have been in this game a while, glad to get confirmation of it. Nice anecdote Waggie, thanks.

but doesn't short until he sees a real change in trend. Ranting that the market is at crazy valuations and going heavily short are two distinct things. He does the first but exercises real patience and discipline with regard to the second.

then again you guys in the bond pit were the gold standard, the real professionals ;-)

but I know for a fact it used to in the IMM pits at the CME back n the mid 80's. Maybe you were not around for Operations Hedgeclipper and Sourmash. Apparently chicanery is still going on...

looks like the scenario I was wondering about is indeed illegal. It must not have been at some point, or if it was then there were a lot of people breaking the law (going back a decade or so). Equity desk guy, or pit broker telling his buddy that so and so has a larger order in to by xyz up to...

to be true or are you just guessing? People at brokerages front run all the time (hear about Fund X wanting to buy X shares of xyz limit $x), people in the pits front run orders all the time. Is it illegal? Someone who actually knows please.

I have always thought that front running a large order was legal and was done all the time (though obviously doesn't do the client any good and therefore is bad business quite apart from being unethical). Just wanting to confirm that if you have knowledge of a large order that needs to be...

in the US "if" the RE bubble bursts it will be nothing compared to the carnage in the rest of the world, UK in particular. At least in the US most home owners have taken advantage of the long term fixed rates (I think I read that something like 90% of US mortgages are fixed rate) so even if...

I hope you don't think I am stepping on your toes here but I just wanted to mention CVTX as a long play (6 months). A ripe looking short term short ASKJ.

for his accurate call, and to say that he was outta here. Either one can see the value of a top of range call one month out or they can not.

given that Romeo was selling Oct 1050 and 1075 calls his call of 1050 back in Sept when he was selling proved to be good enough. For those that obviously don't get it, those calls expired out of the money on Oct 17th.

i think that time frame has something to do with it too. For a very short term trader who either scalps or trades on a 5 minute time frame "trade what you see" probably works better. For traders like me with a longer time frame and a more macro view, and I assume you given some of the trades I...

but I am a dog past his prime just trying to keep up with the young turks like you who are hitting it hard every day. That's why I like your posts (in addition to the fact that you have a great attitude which comes through in your posting), you remind me of when I was just hitting my stride as a...

so why bother? BTW congratulations, you are the first guy I am putting on ignore in ET.

contracts. Still holding 25 +51 at present amongst other things in the green (Gold $4, IBM puts, ES puts). Considering I was about to pack it in a for a couple of weeks and take a vacation because of a particularly stupid trade (shorted a bunch of smh calls before INTC reported) just a week...