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  1. i960

    UK trader arrested for May 2010 U.S. Stock market flash crash

    This is basically a money grab / scapegoat con job by TPTB. He's not part of the "club" so they're taking their money back. CFTC/SEC/DOJ: DO SOMETHING USEFUL FOR ONCE.
  2. i960

    The Trouble With Scribbles

    I don't understand why you guys are going back and forth here trying to out-prove each others systems. What purpose does that have?
  3. i960

    UK trader arrested for May 2010 U.S. Stock market flash crash

    Yes, it was what I was referencing. :-)
  4. i960

    UK trader arrested for May 2010 U.S. Stock market flash crash

    160M$. Meanwhile: http://www.sec.gov/news/pressrelease/2015-2.html 14 friggin' million.
  5. i960

    Trading the NQ: Take 2

    My advice with that chart above is to see that weakness around 10:05 and enter on a retrace at 10:09. It's pushed past the value area high and price is being rejected back into the value area (aka range). There's a couple things IMO that I think make shorting from up here a bit more...
  6. i960

    Can anyone explain what this guy was doing?

    HFT do this same thing day in and day out on a much smaller scale. The only difference is he used noticeable/unignorable size. He's just causing front runners (whether they're bots or humans) to play into his resting orders on the other side which he then flips. Basic stuff and easily...
  7. i960

    SEC's stock market reform club locks out retail brokers

    What in god's name would that nickel plan possibly be useful for (besides the obvious)? Sure doesn't seem like something "the people" have been asking for (hint: they've been asking for HFT reform, not messing around with spreads). The whole thing is turning into a giant joke. It's yet more...
  8. i960

    Can anyone explain what this guy was doing?

    False.
  9. i960

    The Trouble With Scribbles

    You cannot be serious.
  10. i960

    Open options help needed-father recently passed and open options in one of his accounts

    Ultimately if you plan to get rid of those AAPL positions sooner rather than later then you want to do it before close of market Monday. Presently volatility should be quite high due to earnings which will inflate their value. Post earnings if they don't move much the value will drop. If AAPL...
  11. i960

    Trading the NQ: Take 2

    Here's an example of this with a CL trade I made a few days back: * Going long early multiple times only to be stopped out continuously or flattening because it obviously wasn't working. * Impatience when I should just be waiting for a reversal around the value area low. This is bad trading...
  12. i960

    GoDaddy (GDDY)

    What is this? 1999?
  13. i960

    Open options help needed-father recently passed and open options in one of his accounts

    My *opinion* and not telling you what to do: Close out the FXE stuff (Euro), I doubt it's going there and they still have value left. Keep INTC positions as gambles (they aren't exactly getting any worse) or just close out. MC, probably just close this out. KMI, don't know. AAPL, don't know...
  14. i960

    Marketsurfer says short shake shack

    Even if they were excellent burgers they're still going down along with every other hype factory equity. It's just a matter of time. Until then, carry on.
  15. i960

    UK trader arrested for May 2010 U.S. Stock market flash crash

    Just because the guy made a lot of money does not mean he was a miser nor does it mean he felt the need to go splurge. It's his money and he can treat it the way he wants to. I also see no evidence of the fact that he was even depending on his parents other than occupying the same house as them...
  16. i960

    Risk management advice for beginner ES trader

    The Russell is illiquid in overnight markets but I'd hardly characterize it as a dangerous instrument due to that - just trade during RTH. It's not a beginner index but it's also less weighed down by the BS of other indices. If ICE were more reasonable with their non pro data fees they'd see...
  17. i960

    Taking vacations and breaks from trading. How do you detach from the potential lost income?

    My thinking is that if we cannot detach ourselves from potential lost income then we are ultimately ruled by the money. We've simply transferred the negatives of a company, boss, or "superior" to this new boss and I'd think a desirable goal would be not to be ruled by anything. PS: I'm...
  18. i960

    He's Back! Jon Corzine Considers Launching Hedge Fund

    Dirty, all of 'em.
  19. i960

    What to expect after making 24% for a hedge fund co on their platform in less than ONE month

    How is this not correlated entirely to AMZN and a bull market? What would you have if the street was actually rational and knocked AMZN by 20% after their most recent earnings?
  20. i960

    Senior Traders on Cohen’s Job Offer: No Thanks

    This is quite simply a case of good traders recognizing a bad trade.
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