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  1. The_Krakenite

    Diary of a Professional Commodity Trader

    I don't have much faith in TA, and have been told it's one of the main issues with the book. :)
  2. The_Krakenite

    Diary of a Professional Commodity Trader

    The title is another book someone dropped off at a local second-hand thrift store. Looks like a decent sized hard-cover written by Peter Brandt. I will try to get to reading through it this month, and curious if there are any haters/fans of this book in this group.
  3. The_Krakenite

    Trading options @ expiration.

    I finally finished the book now. I'm going to put it aside and give it another re-read over in about a year's time to see if I get a better understanding. Interesting side-note, the author actually included his drafted visual-basic-script code for anyone else wishing to duplicate and play...
  4. The_Krakenite

    Worst options/trading book?

    I believe he was a floor-trader for some point earlier in time? Been a while since I remember his history. I did read that since he managed to last so long without blowing-up, that he must have known something that most people don't. One thing I remember about his strangles, he had mentioned...
  5. The_Krakenite

    Worst options/trading book?

    I have this very same book. When I read it the first time, I thought wow, I like this book and will re-read it again another time. I guess I was more impressed by his details of being a floor-trader and how things work that way... Lately I've heard a lot of negative things about the start-ups...
  6. The_Krakenite

    Worst options/trading book?

    Anything written by Wade Cook. Oh wow! I remember his video... it's been a long time, but I used to wonder, if his mechanism makes so much money for him, why is he wasting his time selling it and giving away his secrets? Haha. I had forgot the name, but as soon as you said Taxi driver... I...
  7. The_Krakenite

    Worst options/trading book?

    Am I the only one who read Cordier's Options book and actually liked it?
  8. The_Krakenite

    Worst options/trading book?

    A bit contrarian to the typical "What's your best book you read...", but I find these rants entertaining. I have to say, this month I came across and oldie: "How I Made $1,900,336.82 Trading Commodities" Written by Larry Levin. Dear God, the title was suspicious enough, but the person was a...
  9. The_Krakenite

    After hours trades of stocks...When do you use it and why...

    I kinda am against after-market hours, even though I'm all for tech. It's bad enough to have to monitor and track during they day, but now I have to do it in my sleep too? It's nice to have a weekend off also from the markets.
  10. The_Krakenite

    Trading options @ expiration.

    I picked up a book with this very title at a thrift store this week. It's the one by Jeff Augen. Seems this person has a few credentials, but I am half way through the book and a little weary that this may be more about data-cherry picking from history, and not any real use in the present...
  11. The_Krakenite

    Mini Bitcoin

    So... who's getting totally owned the last few days?!
  12. The_Krakenite

    shares in non-margin accounts can't be borrowed?

    If you don't think shorting can drive prices down... then Jesse Livermore had his manipulative trades all wrong, In fact, all his books are wrong... and so were the exchanges.
  13. The_Krakenite

    22 year old trader makes $100 million plus in one day (04/20/2020)

    This is reminding me a lot of Brian Hunter's massive trades to manipulate insane gas prices, and the blow-up of two separate hedge funds, including Amaranth.
  14. The_Krakenite

    CME Group to Launch Micro WTI Futures on July 12

    After witnessing (while it happened) NEGATIVE oil prices, and multiple blown-up accounts... NO WAY am I going to venture into this. But good luck to the rest of you speculators :)
  15. The_Krakenite

    Any Reasonably Priced Options Backtester?

    I could be totally off, but doesn't TD Ameritrade's Think-or-Shit have this sort of thing? As well as Sosnoff's other platform he built?
  16. The_Krakenite

    Elon Musk & Crypto...

    Musk is Crypto God, because he knows how to rope & dope Millenials into jacking up ONE car company (who can't even make a profit) up higher than all the biggest competing car companies combined (which actually make a profit). Such a miraculous feat, can only come by the hands of GOD.
  17. The_Krakenite

    So it turns out Tether only holds 3% cash, the rest IOUs etc.

    Ummm, so in other words, YOU have been living under a rock for many months. The Tether fraud has been broadcast all over media if you were to google it. And the majority of people buying into Bitcoin these days don't even know how the hell bitcoin even works, but they heard about it going to...
  18. The_Krakenite

    So it turns out Tether only holds 3% cash, the rest IOUs etc.

    Why has this not moved the markets much or gain much media attention? Because unless you have been living under a rock since last year, the misrepresentation of Tether and other iFinex scandals have been WELL KNOWN and thus are PRICED IN. Since none of this is NEW INFORMATION to the markets...
  19. The_Krakenite

    Base strike on probability or fixed percentage?

    Rarely do I go for 1-month options. I prefer 2-month horizons and even further. Have dealt with 2-year long leaps as well. Usually, I don't go by % but choose SD moves in my strike selections. But this is an overly-simplistic measure...
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