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thanks for the replies! i was actually spending most of tonight looking into the ways of shorting bitcoin, then was debating the relative merits of bitcoin vs s&p for bitcoin, i guess the appeal for me personally was how it actually had decent retracements on its way up -- the hands dont seem...

fair enough, we all need sources of liquidity for trades!!

lol, ok - feel free to compare the merits of any other highly liquid short w/ SPX & bitcoin (i was thinking CMG, but then again who knows what Bill Ackman might stir up). time constraint: by Christmas 2018

alright, given the constant news chatter of bubbles and references to 1929, 1987, 2000, 2007 etc, which would u rather be short: SPX or Bitcoin? purely for sake of discussion: (bc how u trade ur view makes a huge difference) if it turns out that this time isn't so different...that stocks arent...

yea, i agree, guess it's just like this weird disconnect where (i) respect for money --> living frugally, shopping at walmart, eating $2 McMuffins, etc (ii) being coolly detached about +/- hundreds of k within few hours, literally equivalent to decades of savings for many people

were you born before 1911? just wondering, seems like arbitrary number not sure abt stocks, haven't touched that game for a while, futures rates quite ok for most large brokers

the price action is oddly reminiscent of valeant, i wonder if the institutional desks are bailing once their stop losses are triggered one by one

ha, and as for the poker players?

quite a revelation...not a participant in gaming myself, but i always wondered why the poker stars don't switch to futures trading, it's always the futures traders who dabble in poker on weekends

interesting way of putting it. i never thought the concavity of utility functions would ever come up again in practical discussions, lol

i recently came across an interview with Phil Ivey where he says he "doesn't care" about the $$ when the journalist asked him about how he deals with the constant stress of making/losing 6-7 figures in the span of a few hours. his comment was kind of similar to CIS/BNF's remarks about focusing...

so i opened SC with IB's IDEALPRO datafeed, and then also had IB's TWS open (with IDEALPRO DOM open on BookTrader) side-by-side. Then i compared the real-time display on EURUSD, and it was delayed for the IB feed into SC by a noticeable lag. i didn't want to trade off of Sierra's native (FXCM?)...

tried using sierra charts with interactive brokers for forex a little while ago, but found that for some reason the prices piped into SC from IB's IDEALPRO were delayed by 5-10 seconds. not sure if it's something on my setup or like that for other users as well

recently came across a table of stats in a published paper that lists the concrete income of traders in a London prop trading floor: http://www.pnas.org/content/105/16/6167.full.pdf?sid=923de3de-1794-448b-be58-5019925c299b it's somewhat dated, from 2007, but it gives the specific avg annual...

A pretty well-respected guy once told me -- "Sometimes you can make solid gains by finding a bad trader to fade; he does all the research and you just take the opposite position." For educational purposes only, what are some attributes you noticed in the thought processes of ppl who tend to...

some of this stuff is unreal: "In one infamous incident in 1992, the Fed sent a team of auditors to inspect Daiwa’s trading desk. At Iguchi’s prompting, while the auditors’ attention was focused elsewhere, Iguchi and the other traders left the building. Then, stacks of cardboard boxes and...

thanks for posting, makes for good weekend reading interesting tidbit, you have to wonder why he didn't stop there, if he did that would have made him a hero / golden parachute to launch a hedge fund, etc

any specific stories about cowboy traders who put on 1 great futures trade that worked, kind of like the opposite of what the rogue losing traders did? (not credit derivatives a la housing crisis with $10mm+ upfront premium as minimum entry to play etc, just vanilla futures) just curious...

lol, ok point taken -- "rogue" or "legit", am just curious to know if there are any stories of bank traders who made billions by successively betting on 1 single trend (averaging up all the way)?

yea, i guess it's like the gambler's fallacy of betting on black in roulette when red came up 7 times in a row i agree, but to some extent wouldn't the publicly traded banks have to disclose the billions in profits in their financial statements? eg. if there's a extremely large one-off profit...