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    Global Macro Trading Journal

    Looking at Schatz and Euribor I take it Jean-Claude forgot to drop the "V" word?
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    Global Macro Trading Journal

    SNB rate cut.
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    Global Macro Trading Journal

    So... how long before Trichet forgets to mention "strong vigilance" and Schatz skyrockets/EURUSD takes a dive?
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    Global Macro Trading Journal

    I am now once again positioned for full European mayhem. That usually means a bounce and a sharp relief rally are near.
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    Global Macro Trading Journal

    EURCHF never ceases to amaze.
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    ZeroHedge reports rumor of debt ceiling deal

    Not sure if you noticed, but the college kids running that site are not trading. They wouldn't last a week trading a real money account before blowing up.
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    Museum of Modern Art raising Ticket prices 25%

    They probably raise prices because they can get away with it. Most art museums world are chronically underfunded and wide suffer from a lack of paying visitors in the first place and don't have a chance in hell in improving revenues through price increases -- even if there was "huge" inflation.
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    Global Macro Trading Journal

    You should start making Zero Hero your start page like Ralphie did. No more guessing the reason why markets moved one way or another!
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    Trend Following-Trend Commandments

    The big difference between today and the 1970s/1980s in CTA trading is that the 1970s-1980s paid 10-15% interest on your equity and today pays 0%. Interest rates are an overlooked return factor for futures funds. A 0% year in the 2010s would have e.g. been a (1.0-0.3)*12% = 8.4% year in the...
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    Global Macro Trading Journal

    Ouch in beans & grains.
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    Zerohedge Down All Day ??

    They forgot to put the tinfoil hat on their web server to prevent it from crashing?
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    purchased some GLD

    So you bought but now you're not so sure anymore about it. Sell and do your homework. You can always buy it back.
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    Rising NZD indicates different sort of traders

    Not to forget about wool and those tasty lamb chops!
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    John Paulson: US stock market could rally 40% from 1st Q level...

    Paulson actually meant to say "In order to make $5bln in performance fees for 2011, we will need a 40% rally in the S&P."
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    Oh Zerohedge, you always know how to cheer me up...

    Misleading, under-researched article with an overly dramatic headline. Must be another BS article from the college kids at zero hedge.
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    Explain to a 5 year old, how is trading different from gambling?

    There are few forms of gambling that offer a positive expectancy attainable through skill and diligence. Poker is probably a notable exception. Speculation and investing do through market inefficiencies and risk premia respectively.
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    What's your maximum allocation to a single stock, sector, or market?

    Face value is not an indicator of risk taken. 10 year treasuries are much less volatile than corn. IMO it makes sense to adjust position sizes to historical volatility. The face value of some positions (e.g. Eurodollar futures) may reach 250% of my total capital while other positions (e.g...
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    Why do I see "Trends" in Randomly Generated Data?

    No he can't. A random market by definition doesn't offer any alpha to be captured by even the most skilled trader. In the best case in a perfectly efficient market (according to the EMH) all there is to capture is market beta, e.g. the S&P500 performance. Factor in commissions and slippage...
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    Onion market reality

    The idiot author should have compared onion prices to lean hogs. Completely different result.
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    Engineer looking to make a career change into trading (PART II)

    To an extent I agree with the above. A good trader needs to detach themselves from the fluctuations of the current account value. The less making money is on ones mind (to pay recurring and everyday expenses) and the more one can focus on executing the trading plan perfectly and as a result...
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