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  1. bone

    Getting into treasury bonds-notes futures (US/EU)

    1. If you move this thread over to the fixed income forum, you're bound to get more feedback. 2. Eurex Schatz, Bobl, and Bund trades from 01:10-22:00 CET so your information is wrong there. 3. ICE Euribor trades from 1:00 am until 9:00 pm London time so that trades 20 hours per day. 4. CME...
  2. bone

    This order can't be canceled. We placed it to mitigate the risk to your account.

    I had heard that TD Ameritrade was halting GME trading for some period of time.
  3. bone

    /NG-/HH spread trading

    You're on the outside looking in. I don't see the room for arbitrage that you see. You need to be looking at the actual bid/ask - not the synthetic spread. I get this all the time from chartists. The latency between two products produces a "mirage". It's not what is actually achievable.
  4. bone

    /NG-/HH spread trading

    I have clients with Natural Gas trades - and right now, May '21 is the most prompt month I have seen. From my experience, when you get prompt on physical futures with intra market spreads it becomes too delta directional with the cash spot market and the spread just becomes a proxy for the...
  5. bone

    Thoughts, experiences, or opinions re SMB Capital?

    Or, you can carefully review destriero's posts, save the $3,000, and go get a real proprietary trading gig at a renowned options group like DRW or Peak6. ;) SMB isn't exactly renowned for their options trading acumen. That's the thing about options - there's a ton of very good texts...
  6. bone

    Trading for People who have a Job

    I've had good luck through the years with GTC OCO limit orders when it comes to exchange supported futures spreads. Both for the profit target and the stop-loss level. Since I'm swing trading my size is very modest and depending on the name, I usually specify five tics but on occasion ten tics...
  7. bone

    Trading for People who have a Job

    From my own personal perspective - for example on a stock like Gamestop, I would have been out long before the blowoff. o_O Reason being, I'm modeling historical data so I'm out way before some insane 100 percent run-up. And that has it's downsides and it's upsides but that's what works best...
  8. bone

    I cant make trading work for me

    I take it as a positive that you have the courage to check yourself - most mortals just blow it out because they are caught in a spiral. In my mind it is really counterproductive to beat yourself up - because the fact of the matter is that your expectations and your skills set were never...
  9. bone

    Trading for People who have a Job

    And I think that is where Swing Trading has a place. A good legit swing trading system should be rather immune to the stacking, spoofing, flipping, and front running antics of the algos and bots.
  10. bone

    Trading for People who have a Job

    I have had a hundred clients with businesses and high level professions. And we model longer term data and swing trade. In my case it’s futures spreads, but outright micro futures and modest blocks of equities and options are also great swing trading products. The trick for swing trading...
  11. bone

    I cant make trading work for me

    It took me two years to go from Nuclear Engineer to Full Time Trader in terms of replacing income streams and having consistency. I was mentored by a spread trading legend in the CBOT Bond Pit and he told me that I would be lucky to have half my stake in six months and that my first priority...
  12. bone

    Would you stick to your trade even when a loss seems imminent?

    My Indicator Package is one of four conditions in my system that have to be satisfied in order to take a buy or sell entry. At the time of trade entry, both the profit target and the stop-loss level are set. Those levels are determined modeling historical trading ranges. During the life of...
  13. bone

    I cant make trading work for me

    1. Stop trading. Now. Please. 2. Get a job. Any job - you need cash flow. 3. The way that you're going about this is completely unrealistic and set up to fail. Speaking for myself - I worked full time as an Engineer and traded the evening Pit session and Project A for a few years until I...
  14. bone

    I cant make trading work for me

    Really great post :strong:
  15. bone

    Would you stick to your trade even when a loss seems imminent?

    Whenever I take a trade entry, I teach clients to set the profit target and the stop-loss level using a trading range/volatility rules based system at that point in time. About 50% of the losses are taken when the indicator package flips back over - so in other words, the premise for the...
  16. bone

    Would you stick to your trade even when a loss seems imminent?

    My trading is completely different. In the Pit, scalping volume varied, spreading was fewer trades than scalping but much greater volume. Screen DAY spread trading in the late 90’s and early 2000’s was the most futures volume I ever traded - there were months where I traded 300K-500K R/T’s in...
  17. bone

    Would you stick to your trade even when a loss seems imminent?

    If you’re swing trading - being underwater is a reality. Could be for hours or days - but the bigger the target and the longer the timeframe you’re modeling that’s just part of it. Even when I traded at higher frequencies on the pit and on the screen earlier in my career - it just wasn’t...
  18. bone

    Forecasting the Yield Curve

    Here is one example where an isolated section of the yield curve is going to relentlessly do what it's going to do regardless of the flat price outright market. The red and gold candles are an intra market Eurodollar futures Condor (Sept21-Sept22-Sept23-Sept24), and the blue and teal bars are...
  19. bone

    Why would any farmer with hard, dirty jobs ever go back to farming when they get farming subsidies?

    I've seen my mother's side of the family go from 80 acres to 4200 acres and 30 cattle to 3000-plus cattle - all courtesy of ridiculously insanely low interest rate/repayment term USDA farm loan programs and subsidized price floors on milk and milk products. So here's a business where you can...
  20. bone

    Why would any farmer with hard, dirty jobs ever go back to farming when they get farming subsidies?

    1. I was not making a value statement, and 2. Taxpayers are subsidizing the corporate large scale farmers as well.
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