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1. The 5% "privilege" tax is an asinine idea. The idea is to 'social distance' and not intermingle and not spread the freaking virus. Why discourage or tax a practice that the governments are either encouraging or outright mandating? The COVID-19 or it's mutated progeny strains might be with...

OP has other problems that he is blissfully unawares of. Like doubling his message routing (two credit checks per message - Ouch!) because he uses Introducing Brokers. If he used TT and cleared an FCM directly he'd be a big boy scalper.

I'm referring to electronic order matching. Lot allocation on the screen. FIFO and Pro Rata.

Then put your big boy pants on and get TT X-Trader and clear an FCM directly. You mention all of these smallish Introducing Broker firms - you do realize that you are going through three ECN's, doubling your messaging and running two risk checks? That's not an optimum scalping situation by...

Just for clarity, in the futures universe FIFO and Pro Rata are order matching algorithms employed by the futures exchanges - doesn't have anything to do with the brokers. If you change anything about your initial order (such as quantity), that requires a new message it requires a new order tag...

Treasury yields have been going up in a convincing fashion since the first of August.

Oh, I'm sure that he is well aware of how the Ten Year Note and 30 Year Bond have really come off steadily since the first of August.

The World has had enough Trump. He just exasperated everyone. In many ways I think it would have been strategically better for Democrats if Trump had won re-election - it would have set them up better for '22 and '24 and it would have finally run off Nancy Pelosi. I'm guessing that Nikki...

Yeah, he's really stuck between a rock and a hard place and my best guess is that he's a one-term President. He can rejoin the Paris Accord and issue some executive orders but that's about the extent of it. Other than Biden, this cycle was a disaster for the Dems and in November '22 most of...

Every good trading system has profit targets and stop-loss levels. I am a proponent of swing trading, and I model longer term data. Point being - you follow your well designed and tested trading system. You take your little piece out of the market and look for the next opportunity.

No bank is going to pay you for the courtesy to finance your house. In Europe and in Japan where negative rates have been a protracted reality - consumer and commercial mortgage rates are still positive. Look at the US 30 Year Bond futures this week. Crushed. Price down = interest rates up.

Markets could return to pre-Covid levels, but too many small businesses got destroyed for the economy to get back to where it was without reinventing itself. The good thing about the US is that it is better than most economies at doing that.

Extremely low chance of that. And I’m being charitable about the odds. Republicans only need one of those seats to retain control, and only one of those two districts has Atlanta.

We’re going to have two one-term Presidents in a row. Biden is going to be severely weakened by an economy that’s going to have to reinvent itself in many ways. I just can’t see a Republican Senate going along with several Trillion dollars of additional spending and I don’t quite see how Biden...

Joe Biden sponsored the 2005 legislation to make bankruptcy much harder for credit cards and impossible for student loans (even with medical circumstances). He was also a key player in 1994 and 1999 legislation friendly to high interest consumer banks. Here are left leaning progressive news...

It’s interesting that big Pharma gave Ole Joe 3x what they gave Orange Man. And Joe knows how to treat his donors - just ask the credit card companies. https://www.drugdiscoverytrends.com/guess-who-the-pharma-industry-is-supporting-for-president/

And a cursory internet search shows that Joe Biden was the number one recipient of Pfizer political donations. :rolleyes: https://www.opensecrets.org/orgs/pfizer-inc/summary?id=D000000138

And that’s just a perfect illustration of why outside of Joe Biden this election was pretty much an abject failure for progressives in the national and state down ticket elections.

Are you day trading? What is your trade entry frequency?

Because it’s an idiotic idea for a number of reasons. And thanks for that - it’s a great example of Joe’s enduring incompetence largely ignored by the media. Here’s Reason, a libertarian site, explaining why shooting armed suspects in the legs is ludicrous and unworkable...