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    Tomorrow...Explosive?

    Nice, man. I try to trade under the same auspices. That is I have a main thesis, or preferred trade, and have a plan to profit from it. I also formulate a secondary thesis which is often a derivative of the first but with some minor changes. My “plan C” generally revolves around me...
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    Steven Cohen's trading results

    I agree with your assertion and I have been fine tuning my stock trading skills in preparation for the summer doldrums. With that said; I'm starting to think the summer doldrums will be just the opposite. What I like about futures, and dislike about stocks, is futures provide uniformity...
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    Steven Cohen's trading results

    The question we traders should be debating is whether price AND volatility can move higher together; as it did during the later part of the 1990s. I say this because the markets are close to nearing a secular low in volatility and the conventional wisdom is rising volatility begets falling...
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    Steven Cohen's trading results

    As I see it, THAT is the current trade in this low volatility environment. Sit tight (small loses) through the 4%, 3 month (or whatever) trading range and hope to be positioned correctly for the 16%, 1.5 month move.
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    Tomorrow...Explosive?

    Given the bearishness of the crowd on bonds and this spoken certainty that rates on the long end are headed higher; I think you have it right. In fact I think that the odds are better for the yield on the 10 year to retest the June 2003 lows than tagging 5%. Aside for commodity inflation...
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    Steven Cohen's trading results

    Education is highly interwoven within the contexts of their religious pursuit. Which necessarily leads to a greater propensity for pursuing and achieving a higher education. The common knock against Jews, as I see it, is two-fold: 1.) Disproportionately wealthy. 2.) Perceived to...
  7. L

    How should a newb trade 50 K

    There is no better way to learn than to lose the $50K. You'll learn real quick that "fundamental, TA, market psychology" are meaningless without a sound risk management strategy.
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    Credit Default Swaps

    I've found that credit spreads have a decent correlation with VIX/VXO/VXN; which makes sense intuitively. Since debt is senior to equity, if risk premiums on corporate debt are increasing in the aggregate; stock prices <i>should</i> be falling and, therefore, volatility rising.
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    Prop Blowups, how common are they?

    I think the "don't care" is the biggest mistake. I believe this mentality occurs due to relative losses. For instance one day you lose $10K, the next day you're down $50K and panicking. The following day you're down $25K and thinking.. "well at least it wasn't as bad as yesterday"...
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    CNBC - Cramer's Mad Money

    His show is more an extension of a radio show than televised programming. His set is low budget and his use of sound effects amateurish for television. The lightning round where he gives his opinion on stocks called in from, ahem, allegedly unaffiliated people is a joke. Someone needs to...
  11. L

    From poker player to stock trader.

    That's awesome. I don't play poker but I'd love to see the raw data. Can we chart this stuff, or what?
  12. L

    CNBC - Cramer's Mad Money

    Suze Orman is to wannabe blue hairs as Jim Cramer is to wannabe successful stock traders. It is that easy. Blue hairs don't watch Orman, traders don't watch Cramer. If you ARE watching Cramer: 1.) You have bad "office" hours 2.) You are still using training wheels and need...
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    CNBC - Cramer's Mad Money

    I want to keep a record of the stocks he shills on this new pump and dump show. Today he featured what again? XOM (or was he talking about the sector in general), DIS and CMGI?
  14. L

    CNBC - Cramer's Mad Money

    Are you kidding me?
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    American Express fin. advisor good or bad start?

    I worked as a FA for Morgan Stanley during the bubble years. During your first year, unless you have wealthy friends and family, expect a gruelling regimine of: cold calling, cold calling and cold calling. As trainees we spent probably upwards of seven to eight hours per day making cold...
  16. L

    IQ and trading

    The image your words created in my mind just caused me to spit my drink all over my keyboard. LaSalle <-- closer to borderline retarded than super genius.
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    WizeTrade comments

    Amazing, the guy simply prints money. And if this investment genius is seriously considering WizeTrade- I would be a fool not to do so myself. Does anybody have a link to the WizeTrade website? I've got my credit card out and I'm ready to 'maximize my profits'.
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    WizeTrade comments

    HENRY I CAN GIVE YOU MOVING AVERAGE SOFTWARE FOR FREE. JUST SEND A CHECK OR MONEY ORDER OF $5000 TO: GET RICH FAST, LLC 3491 PT BARNUM WAS RIGHT AVE. SUCKER BORN, EVERY MINUTE 15410 I ALSO ACCEPT CREDIT CARDS. JUST SEND ME YOUR CC # AND I WILL CHARGE YOU $5000 AND YOU CAN HAVE YOUR...
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    WizeTrade comments

    You're trading at a size that generates $20K, $30K, $50K daily swings in equity and you're asking if WizeTrade is a good system? Save yourself the three grand and just pick up a dart board. Odd numbers = Buy Even numbers = Sell This "system" would be a worthwile substitute...
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    Shorting US bonds

    This is what Morgan Stanley's Steven Roach has termed the "global labor arbitrage" trend. It is really an interesting topic of discussion / speculation. Intuitively one might think Chinese and American wages ultimately meet somewhere in the middle; however trends and prospective outcomes...
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