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In 2020, Police Precinct Headquarters in Minneapolis, Seattle, and Portland were stormed by force by hundreds of violent rioters and set on fire. AFAIK, nobody got shot and killed during these particular instances. Point being, it isn't beyond reasonable logic for Sir Paul Marshall (the...

No argument from me about that. I see massive hypocrisy on both sides of the political spectrum. Politics ruins everything.

It's too bad that someone feels compelled to stifle their opinion in a modern Western society. There have been tens of thousands of rioters in hundreds of different cities in 2020 - and the police for the most part allow them to hurt people, kill people, destroy and steal property, and even to...

If you were day trading, for example, Nymex as an independent trader - you could lease a seat for about $500 per month with a $2,000 application fee and get member rates. I personally leased a seat for years as an independent trader...

Based on what I've seen, politicians are absolutely tone deaf to people and businesses - unless they've paid to play. I maintain my position that the fact that Wall Street contributed about $200M to Joe Biden's Presidential Campaign was a sound investment and Joe always reciprocates for his big...

I was curious about that, and thus a google search. Turns out that there is a precedent for retroactive taxes and retroactive tax increases in America and every time it was done with a Democratic Congress.

Unfortunately, most futures prop firms have their beginner to intermediate traders close out positions at the end of each trading day. I am aware of high performing earners that are allowed to carry positions - but that is quite literally an "earned" right from the firm's principals. Also...

Wall Street has bought and paid for the Democratic Party elites, so never mind the worn out platitudes to their masses. The Dems are as corporatist and corrupt as the Republicans and are in submissive servitude to the donors. Do not forget that our new President totally sold out to the Credit...

There are some really good ideas here - my suggestion would be to temper your expectations. Even a pure play ETF is not going to provide returns like a futures contract.

“Extreme Ownership - How Navy SEALS Lead and Win”.

Carolina Panthers offensive lineman Russell Okung believes in bitcoin. Last May, Okung tweeted he wanted to be paid in Bitcoin. On Tuesday, he finally got his wish. Half of Okung’s $13 million salary will be paid in Bitcoin, according to Ian Rapoport of NFL Network.

LOL, that’s why the market collapsed in the first place. The Commercials weren’t buying jack shit squat in the May contract - the long squeeze on April 20th was entirely stupid Spec accounts with a dozen brilliant ones.

This isn’t a first in physically settled energy markets. Negative demand balances are a real thing. The Edmonton, Canada Propane cash market traded negative in June 2015. There are instances of hourly electricity prices trading negative. It is entirely possible that you will see negative...

Reading the lawsuit my impression wasn’t that the plaintiffs were buying at zero as an opening initial position.

My sense is that the best case scenario for plaintiffs is to get their liquidation marks adjusted to zero. And I think that’s a stretch considering the Globex Nymex trading session had been ongoing for 20 hours and 8 minutes before the first zero price print appeared at 2:08 PM on April 20.

I read the plaintiff’s lawsuit, and it would appear that they chose to sit on long positions marking wildly against them and didn’t even consider liquidating their stinkers until they saw a sustained and ongoing Zero price print. So for the record, the first ever zero oil price print didn’t...

You really want to swing trade spreads. And with the generous margin credits provided by all the futures exchanges for spreads you want to take advantage of that. They're cheap to hold overnight. The only problem I've seen is that most discount futures brokers don't have their risk management...

They are heavily spread traded, but not in the way you probably think. For example, a basket of equity stocks versus the futures index.

I'm a bit surprised that Goldman is so pedestrian in terms of cleared customer swaps.

I have absolutely no dog in this fight, but from my perspective there appears to be natural connection in people's minds between contract notional and tic size as a direct correlation to what would be fair exchange fees. For example - if a micro contract (MX) is 1/10th the notional and tic size...