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as of aug 5th his fund was still green on the year- even in the midst of all of these high profile losing trades he's still doing better than a lot of people. (that's how he manages to keep assets under management)

as a swing trade i would be long ZN right now as if you do a 50,000 contract continuous volume graph we just blew through the downtrend we've been in for a while this morning. it's likely going to be good for at least a couple of points. if that's the case the UB is going to be good for a lot...

now if you want to get long now i can't fault ya, i'll be trading with a long bias unless we can get back to 15ish in the zn

you can't compare what happened in china recently to what is happening here. what happened in china recently was the new government racking the shadow banking over the coals, if we've done anything here it is bend over backwards and do a triple flip all to help out our shadow banking system...

i'm going to continue to trade with a short bias in all treasuries intraday until we break through trendlines to the upside- we just dismally failed about a week ago when we finally broke the downtrend for the zn- we should have popped at least another 20-30 tics higher than that high last week...

the fy and ty flys were hammered after the last taper comments during the selloff. this time around i actually expect the fy fly and zb fly to get hammered while the ty fly strengthens up if we sell off further. we'll see what happens but that will be my bias. also you don't have to carry...

it would always be good to have someone who was successful at real life in the big office. if they just inherited the billion i wouldn't feel the same- but anyone who managed to make that much has to have at least a grain of business sense which washington shows time and time again it has none of.

pslv

a "high-water mark" is not as the last poster made it sound. it simply means suppose you got up 30% and charged fees at that point (ie account at 130%) then lose 20% (110) and then make that 20% back you can't charge a new set of fees on that profit (110-130) because you have already charged...

scalping outrights is for newbs spread trading is for the advanced spreading spreads is for the pro's

+1

it is not unheard of (but it is infrequent) for civil to come before criminal... let's hope this is one of those

simply put we come up with more uses for silver in tech every year and the mines can't keep up with demand. prices dropping only tightens the production and makes the inevitable squeeze more likely. http://www.wealthwire.com/news/metals/2290

eventually the industrial use will dry up all the physical silver around if prices don't rebound. for anyone with a long-term view this is just another amazing buying opportunity. next time it breaks 50 the sky will be the limit and it'll likely happen in the next 10 years (and basically a...

even when giving up all edges there is still a risk of missing something. my autospreaders generally can hedge 4 legs inside of .02 seconds and i get hung up all the time.

the only completely safe spread executions are through the ICS (implied calendar spread) markets. if you want an auto-spreader that will leg into positions for you based on the spread valuations you put you will always have some slippage risk but i use TT's XTrader for my spreading (although i...

we have basically zero funding that far out on the yield curve so long rates don't really matter all that much for our debt circumstances. when we see five year notes trending towards 3%+ then i'll start getting interested.

do it 12 times and then see what that adds up to.

i've had 5 streaks in my 8 year career where i had 20+ consecutive winners. my longest was 34 days. the owner of the firm where i was first trained once had a year with only 7 losing days. (that 34 day streak was magical as it was back when i was a serious leverage addict, now i merely abuse...

when dealing with new traders at the firm i used to work with i often explained to them that the market will ALWAYS offer you an opportunity to lose money. if you want to jump at that opportunity you are welcome to do so, i prefer to sit back until i'm making money and then jump at that...