Search results

Assuming he attempts to stay somewhat delta neutral he has to buy back some of the short futures as prices rise and then re-sell them if prices tank again. His position is short gamma and vega and the bet is that volatility decreases

The mere fact that this thread exists explains the action late today. Too many bears in the den today.

"why is er2 going to be removed?" The e-mini Russell 2000 will be traded on Intercontinental Exchange (ICE) in lieu of CME.

"It is 4:21 CST (all times from here on in are CST). I am seeing futures tick. Did they change the time when equity futs are open and closed? It used to be they closed at 3:15 PM, reopened at 3:30 PM and closed again at 4:00 PM for an hour, then reopened at 5:00 PM. Did you get the memo?"...

Great job today flipflopper to get back in the saddle and stay disciplined. Like you I struggle on strong trend days, as do many stock index traders. Most days have plenty of back-n-fill, yesterday that was almost completely absent, today being much more typical so not surprised you had...

"So of course I started averaging!! I knew it was stupid I knew it was armatureish and ignorant but I didn't care I was pissed thought the pop was bs. Anyways to make a long story short I had been shorting since after the close yesterday to this morning and afternoon" Didn't you do same...

"Biggest short position in the S&P futures in 3 years ( $45 billion, notional ) combined with the smallest long position by the hedge-fund "community" in 8 years . . . makes for a breakout to new highs." I agree completely that large hedge fund short positions (combined with commercial longs)...

New all time highs tend to make people bullish yes

"Alot of small speculators long too it seems" I cannot recall a single COT where the NG small specs were anything but long. Didn't matter if price was $2 or $12 those little guys are always long. So you really have to ignore their position and concentrate on large specs vs commercials

Anyone besides me like long NG, short CL here? Relationship is out of whack. Clearly the trade is fading the respective daily trends, but going into hurricane season I like it.

Later this summer R2k will be traded on ICE instead of CME. I would imagine that ER2 loses a few daytraders each day as they move to alternative contracts

You obviously are clueless if you expect the Dow and S&P to track 1:1 point wise

Still holding those losing shorts from last week and averaging up huh. Good luck with that

I would think Centaurus (energy fund) gives anybody a run for the money as to best performer. But they don't have to advertise, as a matter of fact the fund is closed to new investors. The track record you posted is indeed impressive but with a track record that strong money should be...

Because last night a new thread about today being black friday popped up

"Not a newbie. Not a sim. Just that I am in deep and every 1/4 pt against me hurts." How much was that margin requirement again? 800k+? Funny, I could put the same 89 contract position on with a "measly" 311k margin. Your fake brokerage account isn't even simulating the correct margins

"Major support being tested and possibly broken with a wash out into the close and you are long 80 emini contracts based on what? That's a lot of heat, you must be the next Ed Seykota" Probably a newbie trader on $1mm sim account. Nobody who *really* trades a $1mm account would be this...

I hope it opens lower on follow through bearish sentiment. Want to buy it for the next massive hedge fund short squeeze. Commercials keep getting longer futures. Gotta waste all the put open interest . . . again.

I have had similar problems to what you described with annoying frequency lately. But no, not had them today thank goodness.

Sorry Bubba, invalid Wolfe wave there, at least according to my chart when trying to replicate. The top and bottom lines have to converge at some point for the pattern to be valid. Those will grow wider apart with time