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Well spotted - I saw this too. Maybe traders wouldn't remember the exact prices for the month, but 1.66 is 6 big figures off the Dec 08 contract high if I recall correctly. Something very fishy going on.

The statement shows EMU Euro Currency futures at the CME. Line 74022 shows you bought 2 contracts at 1.6650. Check with the exchange whether 1.6650 ever traded in the Dec 08's. I'm pretty sure it didn't. Half the loss shown on the account was from purchases of the Euro futures at...

Isn't that strange? The ES falls just far enough at the open to trigger your short trade, and then promptly reverses to close it the high, 7 points up. I wonder why that could be? Person to answer correctly wins a prize.

Succinctly put. Exactly what I was trying to say in my other post. It is this "crash mentality" which always brings early shorts to a new bull market.

Why, this is a bull market! I think you risk repeating the mistakes of those who have gone before you. How many traders started looking for shorts late 2003, saying the market had gone too far, too fast, and was ripe for a pullback? How many persisted calling the top in equities in the...

Argumentum ad hominem This may interest you: Three Felonies a Day http://www.threefelonies.com/ Also: The Technology of Political Control (written in 1977 by Carol Ackroyd, Tim Shallice, ors)

Incorrect, sorry. Nobody has commented so far so I'll mention this. One is not the same as the other. Very different markets, and there are different reasons to trade each. Of course they are correlated - they all represent ownership in the underlying equities, some of which overlap...

Take responsibility for your wealth. The alternative is to let somebody else take your wealth.

The Robin Hood Tax? Time to dig out Atlas Shrugged: Ragnar Danneskjold: "But I’ve chosen a special mission of my own. I’m after a man whom I want to destroy. He died many centuries ago, but until the last trace of him is wiped out of men’s minds, we will not have a decent world to...

The book you refer to is a doorstop, I am sorry to have to tell you. Tom Williams is engaged in marketing software. He is associated with the TradeGuider company which sells expensive software and trading courses. His protege, Sebastian Manby, "the chart reading machine" and "trading expert"...

Very true. The more interesting question to me is why people feel entitled to succeed. This is especially true in trading where success is at the expense of other traders by definition. What has each individual done to earn the right to succeed in this way?

Yes, it looks that way. See Rule 19.51: (a) The final Settlement Price for the Russell 2000 Index Futures Contract and the Russell 2000 Mini Index Futures Contract shall be determined on the third (3rd) Friday of the delivery month or, if the Russell 2000 Stock Price Index is not published...

Shorted yesterday. First target 1075, but expect it to go to 995. Here are my fills from the April contract. I predict the 1000 to be taken by the end of June. Interested parties can see where I shorted. I didn't get the high, but I got filled. London time.

Thursday About $1200 up. Finished for the day.

Wednesday About $900 down.

1 trade. +$1461.20 Accidentally reversed part of the position when closing, so extra fills and costs. Taking it easy this week - last week didn't go so well.

-3k Tomorrow off!

-$1518.80 Got stubborn on an oil trade. Sat in it for well over two hours: in profit initially and for most of the time, but ignored the signs to get out and let it reverse into a loss. Let that be a lesson. I did see the warning to get out, but saw it too late and was faced with a much...

Around 930 in USD after costs. Yesteday off, most likely tomorrow off.

I have not traded in a few weeks so no posts. Only traded for an hour today. 1 trade. Good weekend to all. +1728.30 net of costs ...some executions...