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Hang in there, this is always a great read!!:cool:

I also wonder how GS and FIG, etc. will do tomorrow. There may be some correlation. Good trading!!:)

Here is a 10 minute chart of FIG (fortress ipo). You had only a few minutes to get in and out on the long side. I will be watching for a failure pattern.

So how high will this go? I expect there will be lots of volatility given the surrounding tax issues. I say it opens at $42.00 and closes at $29.00. :p

Let me try to help here. This is a complex subject. First you were given sound advice on your previous thread. Instead of writing naked options you are welcome to write me a check; I promise to give part of it to a charity of your choice. You sound like you need a direct access broker such as...

There is a lot less to trading than meets the eye, eh?:) :)

top that with a good beef sandwich.

good post, global correlation is here to stay. I like how the book shows Goldman squeezing LTCM. This is typical, when you're opponent is down squeeze them hard, ala Amaranth. Remember you can't really hedge against systemic risk, its never even really discussed. There is systemic, liquidity...

http://www.zealllc.com/2004/goldoil4.htm

so are you on here promoting your book or hedge fund, I am confused?:confused:

Here is a chart of the june contract with monthly closings. You can draw your own conclusions. One thing that jumps out at me is that 1490.00 level, looks like nothing but air below that. Assuming the bull run is not over yet, anything at or around 1500 looks like a bargain. One of the posters...

Next you'll tell us that the stock market went down because of bonds. I really believe that traders best quality is their scepticism. I think people resent someone else getting paid for it. :p

agreed here is a monthly chart of $INDU, there are only three periods when you should have had a short basis. I would imagine a smart money manager would hedge below this line in the sand or exit. :cool:

"Let me teach you a thing or two about trading. Not all of us are in it just for the money...there is a reason why we dont just plow our money into the "good stocks" and hope for the best. Its because we love it. We love sitting in front of monitors making calls and placing our bets. When we...

:D too funny!!:p

yeah, I like USO, the option spreads are painful but should tighten as volume picks up. Deep OTM call may be a nice insurance policy.:)

working on Jack Hershey unabridged works.

I have to admit I am jealous; of course anyone who recommends a stock etc., is wrong and still gets paid is my hero. This includes all the various and sundry analysts, brokers, financial planners, college professors, etc. Oh did I forget newsletters, trainers/ mentors, etc., Herb Greenberg...

I don't know anything about your trading situation but from your comments you are probably trading too hot, meaning too much risk in your portfolio, big drawdown, heat, etc. It is pretty easy to blow out of an account <100K if you are leveraged like in futures, options. The correct use of...

http://www.moneychimp.com/articles/risk/sharpe_ratio.htm